Fiscal Balance in Albania

Albania Fiscal Balance | Economic News & Forecasts

Albania - Fiscal Balance

The economy grew 4.3% in Q2, supported by healthy private consumption and a stronger external sector. Private consumption was supported by a tighter labor market—the unemployment rate fell to a multi-year low in the quarter—while the external sector benefited from a surge in goods exports. In contrast, fixed investment growth dimmed, while government consumption contracted. Solid momentum likely carried over to Q3. In July and August, tourist arrivals soared and goods exports continued to expand robustly. Moreover, the fiscal position has strengthened notably in the first eight months of the year, boding well for the full-year outturn.

Albania - Fiscal Balance Data

2013  2014  2015  2016  2017  
Fiscal Balance (% of GDP)-5.0  -5.2  -4.1  -1.8  -2.0  

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Note: Fiscal balance as % of GDP
Source: Ministry of Finance of the Republic of Albania

Albania Facts

ValueChangeDate
Exchange Rate118.4-0.56 %Oct 12
Stock Market0.10.0 %Oct 12

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