Albania weathered the 2008 global financial and economic crisis relatively well. The country has achieved positive economic growth over the recent years. Although the economy is still weak and macroeconomic imbalances are large, the pursuits of macro-prudential policies and well-anchored structural reforms have enabled Albania’s economy to be one of the most resilient ones of the South-Eastern European economies.

2007 2008 2009 2010 2011 2012 2013 2014
Real GDP Growth (%) 7.5 3.3 3.8 3.1 1.3 0.7
Inflation, consumer prices (annual %) 2,9
Current account balance (% of GDP) -10,8 -15,7 -15,4 -11,3 -12,9 -10,2 -10,7  –
Foreign direct investment, net outflows (% of GDP) 0,0 2,8 3,3 0,4 1,6 0,7 0,2  –
Unemployment, total (% of total labor force) (national estimate) 13,5 13,0 13,8 14,2 14,0 13,4  –
Foreign direct investment, net inflows (% of GDP) 6,1 9,6 11,2 9,1 8,1 7,5 9,7  –
Export by year 917.5 750.7 1171.5 1405.5 1525.6 1721.6
Average Exch. Rate (ALL/EUR) 122.8 131.6 137.7 140.5

Source: Bank of Albania; Ministry of Finance, AIDA, WorldBank, IMF.

Learn more:

Infrastructure

Foreign Investment

Facts about Albania