The IMF projections estimate an accelerated inflation in Albania’s annual average consumer price – from 1.8 percent in 2018 and 2019 up to 2.2 percent in 2020. For purchasing power parity comparisons, the US dollar is exchanged at 49 leks (2007 estimate). Evolution: GDP growth rate at constant prices Albania, Subscribe to our free email alert service, ‹ Afghanistan GDP - Gross Domestic Product, In November of 2020, Industrial Production fell in Uruguay, Industrial Production goes up in November of 2020 in Germany, In November of 2020, Industrial Production fell in Spain, Industrial Production increases up to 8.8% in November of 2020 in Greece, Industrial Production goes down in November of 2020 in Belgium, Industrial Production goes down in November of 2020 in Czech Republic, Industrial Production goes up in November of 2020 in Denmark, Industrial Production increases up to -0.9% in November of 2020 in Finland, Industrial Production goes down 1.6% in November of 2020 in Hungary, Industrial Production goes down -0.7% in November of 2020 in Norway, Industrial Production remains steady in November of 2020 in Sweden, Netherlands: Quarterly GDP at market prices, Salvadorans CPI increased up to -0.1% year-on-year in December of 2020, Costa Rica: CPI goes up in December of 2020, Luxembourg: CPI goes up in December of 2020. In addition to meeting the domestic energy demands, the plan foresaw electricity export to neighbouring Balkan countries and Italy via an underwater cable, which would link the Italian and Albanian electricity networks. In 2009, Albania was the only country in Europe, together with Poland, San Marino and Liechtenstein, to have economic growth; Albanian GDP real growth was 3.7%. In 2014, Albania’s economic growth almost slowed to a halt as the economic crisis cut demand from Greece and Italy, its main trading partners. , A report from the United States Agency for International Development (USAid) GDP Annual Growth Rate in Albania is expected to be -1.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Import partners: Italy 45.6%, Greece 7.8%, Turkey 7.4%, Germany 5.6%, Switzerland 5%, China 4.2% (2014), Application of Albania to the European Union, ALL 60,650 / €478 / $536 monthly (Q3, 2017), ALL 49,873 / €393 / $440 monthly (Q3, 2017), Organization for Security and Co-operation in Europe, Organization of the Black Sea Economic Cooperation, Accession of Albania to the European Union, United States Agency for International Development, "World Economic Outlook Database, April 2019", "World Economic Outlook Database, October 2019", "Poverty headcount ratio at national poverty lines (% of population)", "Europe Central Asia Economic Update, Spring 2020 : Fighting COVID-19", "Employment to population ratio, 15+, total (%) (national estimate) - Albania", "European Union, Trade in goods with Kosovo", http://www.financa.gov.al/wp-content/uploads/2020/04/BULETINI-I-BORXHIT-III-MUJORI-PARE-2020-shqip.pdf, "Albania International reserves, 1960-2018", "Turizmi, 1.5 mld euro të ardhura për 2016", "Lonely Planet's top 10 countries for 2011 – travel tips and articles – Lonely Planet", "CIA – The World Factbook – Country Comparison :: National product real growth rate", "IMF Reaches Staff-Level Agreement for Completion of Ninth and Tenth Reviews of Albania's Extended Arrangement", "Foreign affairs MEPs assess reform efforts in Albania and Bosnia and Herzegovina", "Albania and Bosnia fail to impress at EU membership meeting over democratic value concerns", "EC: Albania and North Macedonia to open the negotiations", "Chinese Investments Raise Eyebrows in Albania", Travel & Tourism: Economic Impact 2015: Albania, "Coastline | Visit Albania | The Official website of Albanian Tourism", "About Albania | Visit Albania | The Official website of Albanian Tourism", "USAID and Embassy of Sweden Announce Call for Proposals for Albania's Tourism Sector", "Electricity production from hydroelectric sources (% of total)", "Albania looks to nuclear to power region", "Albania, First regular national report under the convention on nuclear safety, 2016", "INTERVIEW-Albania to auction 13 blocks for oil exploration", "Report for Selected Countries and Subjects", Ministry of Finance of Albania Official Website, Comprehensive Balkanalysis.com 2012 report on Albania oil sector foreign investment, Ministry of Economy, Trade, Energy, and Tourism of Albania Official Website, Comprehensive current and historical economic data, World Bank Trade Summary Statistics Albania 2012, Members of the Central European Free Trade Agreement, https://en.wikipedia.org/w/index.php?title=Economy_of_Albania&oldid=998672065, World Trade Organization member economies, Short description is different from Wikidata, Articles with unsourced statements from June 2016, Pages using multiple image with auto scaled images, Articles with unsourced statements from December 2012, Wikipedia articles incorporating text from the World Factbook, Wikipedia articles incorporating text from the United States Department of State Background Notes, Creative Commons Attribution-ShareAlike License, footwear, apparel and clothing; lumber, oil, cement, chemicals, mining, basic metals, Food and beverages, hydropower, auto parts, apparel and clothing, footwear; asphalt, metals and metallic ores, crude oil; cement and construction materials, vegetables, fruits, tobacco, processed foods and beverages, hydropower, automotive parts, these official rates may not include those working at near-subsistence farming, Lekë per US dollar: 103.51 (2020), 125.4 (2017), 79.546 (2008), 92.668 (2007), 98.384 (2006), 102.649 (2005), 102.78 (2004), 121.863 (2003), 140.155 (2002), 143.485 (2001), 143.709 (2000), 137.691 (1999), This page was last edited on 6 January 2021, at 14:03.