Trade Balance in Albania
Albania - Trade BalanceGrowth accelerated to 4.5% in Q1. The expansion was fueled by the industry, electricity and water; and retail trade, transport, accommodation and food services sub-sectors. In addition, labor market dynamics were healthy; the unemployment rate declined, while the participation rate rose. Momentum likely largely carried over into Q2. In the first two months of the quarter, exports rose at a double-digit pace and the trade deficit narrowed. However, the budget balance slipped into deficit in the year to May, compared to a surplus in the same period last year. In late May, the IMF urged renewed fiscal consolidation to trim the elevated public debt.
Albania - Trade Balance Data
|Trade Balance (USD billion)||-||-||-||-||-|
5 years of economic forecasts for more than 30 economic indicators.
Albania Trade Balance Chart
Source: Institute of Statistics and Met the why particular calculations
|Exchange Rate||117.8||-0.56 %||Jul 13|
|Stock Market||0.1||0.0 %||Jul 13|
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