Albania Forecast: Real GDP Growth
1980 - 2028 | Yearly | % | International Monetary Fund
Key information about Albania Forecast: Real GDP Growth
- Albania Real GDP Growth is forecasted to be 2.250 % in Dec 2023 as reported by International Monetary Fund.
- It records no change from the last reported number of 3.740 % in Dec 2022.
- Looking ahead, Albania Real GDP Growth is projected to stand at 3.400 % in Dec 2028.
- The data is updated yearly and is categorized in CEIC under World Trend Plus’s Country Forecast – Table IMF.WEO: Gross Domestic Product: Constant Prices: YoY.
View Albania's Forecast: Real GDP Growth from 1980 to 2028 in the chart:
What is Albania's Forecast: Real GDP Growth in 2028?
Albania Real GDP Growth is forecasted to be 2.250 % in Dec 2023 as reported by International Monetary Fund. See the table below for more data.
| Last | Previous | Min | Max | Unit | Frequency | Range |
|---|---|---|---|---|---|---|
| 3.400 2028 | 3.400 2027 | -28.000 1991 | 12.891 1999 | % | yearly | 1980 - 2028 |
Forecast: Real GDP Growth by Country Comparison
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| country/region | Last | Frequency | Range |
|---|---|---|---|
| Afghanistan (%) | -2.351 2020 | yearly | 2003 - 2020 |
| Albania (%) | 3.400 2028 | yearly | 1980 - 2028 |
| Algeria (%) | 1.782 2028 | yearly | 1980 - 2028 |
| Andorra (%) | 1.500 2028 | yearly | 2001 - 2028 |
| Angola (%) | 4.230 2028 | yearly | 1980 - 2028 |
| Antigua and Barbuda (%) | 2.685 2027 | yearly | 1980 - 2027 |
| Argentina (%) | 2.000 2027 | yearly | 1980 - 2027 |
| Armenia (%) | 4.500 2028 | yearly | 1993 - 2028 |
| Aruba (%) | 1.100 2028 | yearly | 1987 - 2028 |
| Australia (%) | 2.279 2027 | yearly | 1980 - 2027 |
| Austria (%) | 1.527 2028 | yearly | 1980 - 2028 |
| Azerbaijan (%) | 2.572 2028 | yearly | 1993 - 2028 |
| Bahamas (%) | 1.496 2027 | yearly | 1980 - 2027 |
| Bahrain (%) | 2.733 2028 | yearly | 1980 - 2028 |
| Bangladesh (%) | 9.531 2021 | yearly | 1980 - 2021 |
| Barbados (%) | 1.840 2027 | yearly | 1980 - 2027 |
| Belarus (%) | 0.741 2028 | yearly | 1993 - 2028 |
| Belgium (%) | 1.289 2028 | yearly | 1980 - 2028 |
| Belize (%) | 2.012 2027 | yearly | 1980 - 2027 |
| Benin (%) | 5.934 2028 | yearly | 1980 - 2028 |
| Bhutan (%) | 3.877 2028 | yearly | 1980 - 2028 |
| Bolivia (%) | 3.400 2027 | yearly | 1980 - 2027 |
| Bosnia and Herzegovina (%) | 3.000 2028 | yearly | 1997 - 2028 |
| Botswana (%) | 3.957 2028 | yearly | 1980 - 2028 |
| Brazil (%) | 2.015 2028 | yearly | 1980 - 2028 |
| Brunei (%) | 2.112 2027 | yearly | 1986 - 2027 |
| Bulgaria (%) | 2.840 2028 | yearly | 1980 - 2028 |
| Burkina Faso (%) | 5.258 2027 | yearly | 1980 - 2027 |
| Burundi (%) | 4.565 2027 | yearly | 1980 - 2027 |
| Cambodia (%) | 6.500 2027 | yearly | 1988 - 2027 |
| Cameroon (%) | 4.898 2027 | yearly | 1980 - 2027 |
| Canada (%) | 1.669 2028 | yearly | 1980 - 2028 |
| Cape Verde (%) | 4.498 2027 | yearly | 1980 - 2027 |
| Central African Republic (%) | 3.347 2028 | yearly | 1980 - 2028 |
| Chad (%) | 3.508 2027 | yearly | 1980 - 2027 |
| Chile (%) | 2.459 2027 | yearly | 1980 - 2027 |
| China (%) | 3.437 2028 | yearly | 1980 - 2028 |
| Colombia (%) | 3.345 2028 | yearly | 1980 - 2028 |
| Comoros (%) | 4.342 2027 | yearly | 1980 - 2027 |
| Congo (%) | 3.980 2028 | yearly | 1980 - 2028 |
| Costa Rica (%) | 3.243 2027 | yearly | 1980 - 2027 |
| Croatia (%) | 2.800 2028 | yearly | 1993 - 2028 |
| Cyprus (%) | 2.862 2028 | yearly | 1980 - 2028 |
| Czech Republic (%) | 2.501 2027 | yearly | 1996 - 2027 |
| Democratic Republic of Congo (%) | 6.482 2028 | yearly | 1980 - 2028 |
| Denmark (%) | 1.800 2027 | yearly | 1980 - 2027 |
| Djibouti (%) | 5.000 2028 | yearly | 1992 - 2028 |
| Dominica (%) | 2.685 2028 | yearly | 1980 - 2028 |
| Dominican Republic (%) | 4.985 2028 | yearly | 1980 - 2028 |
| Ecuador (%) | 2.751 2028 | yearly | 1980 - 2028 |
| Egypt (%) | 5.984 2028 | yearly | 1980 - 2028 |
| El Salvador (%) | 1.965 2027 | yearly | 1980 - 2027 |
| Equatorial Guinea (%) | -0.981 2027 | yearly | 1980 - 2027 |
| Eritrea (%) | 2.925 2028 | yearly | 1993 - 2028 |
| Estonia (%) | 3.300 2027 | yearly | 1994 - 2027 |
| Swaziland (%) | 2.278 2027 | yearly | 1980 - 2027 |
| Ethiopia (%) | 6.953 2028 | yearly | 1980 - 2028 |
| Fiji (%) | 3.459 2028 | yearly | 1980 - 2028 |
| Finland (%) | 1.246 2028 | yearly | 1980 - 2028 |
| France (%) | 1.450 2028 | yearly | 1980 - 2028 |
| Gabon (%) | 3.809 2027 | yearly | 1981 - 2027 |
| Gambia (%) | 5.000 2027 | yearly | 1980 - 2027 |
| Georgia (%) | 5.198 2028 | yearly | 1995 - 2028 |
| Germany (%) | 1.134 2028 | yearly | 1980 - 2028 |
| Ghana (%) | 6.774 2027 | yearly | 1980 - 2027 |
| Greece (%) | 1.355 2027 | yearly | 1980 - 2027 |
| Grenada (%) | 2.849 2027 | yearly | 1980 - 2027 |
| Guatemala (%) | 3.900 2028 | yearly | 1980 - 2028 |
| Guinea (%) | 5.187 2027 | yearly | 1980 - 2027 |
| Guinea-Bissau (%) | 5.000 2027 | yearly | 1981 - 2027 |
| Guyana (%) | 3.320 2027 | yearly | 1980 - 2027 |
| Haiti (%) | 1.500 2027 | yearly | 1980 - 2027 |
| Honduras (%) | 3.940 2027 | yearly | 1980 - 2027 |
| Hong Kong SAR, China (%) | 2.849 2027 | yearly | 1980 - 2027 |
| Hungary (%) | 3.150 2027 | yearly | 1980 - 2027 |
| Iceland (%) | 2.329 2028 | yearly | 1980 - 2028 |
| India (%) | 6.042 2029 | yearly | 1981 - 2029 |
| Indonesia (%) | 5.117 2027 | yearly | 1980 - 2027 |
| Iran (%) | 2.047 2029 | yearly | 1981 - 2029 |
| Iraq (%) | 2.625 2027 | yearly | 1999 - 2027 |
| Ireland (%) | 3.010 2027 | yearly | 1980 - 2027 |
| Israel (%) | 3.499 2027 | yearly | 1980 - 2027 |
| Italy (%) | 0.882 2028 | yearly | 1980 - 2028 |
| Ivory Coast (%) | 6.000 2028 | yearly | 1980 - 2028 |
| Jamaica (%) | 1.600 2027 | yearly | 1980 - 2027 |
| Japan (%) | 0.409 2028 | yearly | 1980 - 2028 |
| Jordan (%) | 3.300 2027 | yearly | 1980 - 2027 |
| Kazakhstan (%) | 2.778 2028 | yearly | 1993 - 2028 |
| Kenya (%) | 5.516 2027 | yearly | 1980 - 2027 |
| Kiribati (%) | 1.971 2027 | yearly | 1980 - 2027 |
| South Korea (%) | 2.340 2027 | yearly | 1980 - 2027 |
| Kosovo (%) | 3.500 2028 | yearly | 2001 - 2028 |
| Kuwait (%) | 2.655 2027 | yearly | 1980 - 2027 |
| Kyrgyzstan (%) | 3.977 2028 | yearly | 1993 - 2028 |
| Laos (%) | 4.496 2028 | yearly | 1980 - 2028 |
| Latvia (%) | 3.377 2027 | yearly | 1993 - 2027 |
| Lebanon (%) | -22.000 2020 | yearly | 1980 - 2020 |
| Lesotho (%) | 1.084 2029 | yearly | 1981 - 2029 |
| Liberia (%) | 5.680 2027 | yearly | 2001 - 2027 |
| Libya (%) | 3.588 2027 | yearly | 1980 - 2027 |
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| Foreign Trade | Last | Frequency | Range |
|---|---|---|---|
| Forecast: Exports of Goods Growth (%) | 4.349 2028 | yearly | 1980 - 2028 |
| Trade Balance (USD mn) | -352.0 Jul 2023 | monthly | Oct 1998 - Jul 2023 |
| Total Exports (USD mn) | 408.0 Jul 2023 | monthly | Jan 1993 - Jul 2023 |
| Total Exports Growth (%) | -4.0 Jul 2023 | monthly | Jan 2006 - Jul 2023 |
| Aluminum: Exports (USD th) | 73,748.623 2022 | yearly | 1995 - 2022 |
| Exports: Medicament (USD th) | 1,425.239 2022 | yearly | 1995 - 2022 |
| Exports: Medicinal and Pharmaceutical Product (USD th) | 2,692.727 2022 | yearly | 1995 - 2022 |
| Total Imports (USD mn) | 759.9 Jul 2023 | monthly | Jan 1993 - Jul 2023 |
| Total Imports Growth (%) | -13.6 Jul 2023 | monthly | Jan 2006 - Jul 2023 |
| Imports: Medicament (USD th) | 290,156.569 2022 | yearly | 1995 - 2022 |
| Imports: Medicinal and Pharmaceutical Product (USD th) | 25,366.794 2022 | yearly | 1995 - 2022 |
| Total Exports to USA (USD mn) | 2.840 Jul 2023 | monthly | Jan 1991 - Jul 2023 |
| Total Imports from USA (USD mn) | 15.776 Jul 2023 | monthly | Jan 1993 - Jul 2023 |
| Total Exports to China (USD mn) | 6.539 Jul 2023 | monthly | Jan 2005 - Jul 2023 |
| Total Imports from China (USD mn) | 84.133 Jul 2023 | monthly | Jan 1993 - Jul 2023 |
| Trade Balance: ALL (ALL mn) | -32,680.995 Jul 2023 | monthly | Jan 2005 - Jul 2023 |
| Balance of Payments | Last | Frequency | Range |
|---|---|---|---|
| Direct Investment Abroad (USD mn) | 82.4 Jun 2023 | quarterly | Jun 2004 - Jun 2023 |
| Current Account Balance (USD mn) | -145.1 Mar 2023 | quarterly | Mar 1993 - Mar 2023 |
| Current Account Balance: % of GDP (%) | -2.9 Mar 2023 | quarterly | Mar 2008 - Mar 2023 |
| Foreign Direct Investment (USD mn) | 412.3 Jun 2023 | quarterly | Mar 1993 - Jun 2023 |
| Foreign Direct Investment: % of GDP (%) | 6.8 Mar 2023 | quarterly | Mar 2008 - Mar 2023 |
| Foreign Portfolio Investment (USD mn) | 642.312 Jun 2023 | quarterly | Mar 2007 - Jun 2023 |
| Foreign Portfolio Investment: % of GDP (%) | -0.5 Mar 2023 | quarterly | Mar 2008 - Mar 2023 |
| Foreign Portfolio Investment: Equity Securities (USD mn) | -0.6 Jun 2023 | quarterly | Mar 2004 - Jun 2023 |
| Foreign Portfolio Investment: Debt Securities (USD mn) | 642.878 Jun 2023 | quarterly | Mar 2007 - Jun 2023 |
| External Debt (USD mn) | 11,119.4 Jun 2023 | quarterly | Dec 2003 - Jun 2023 |
| External Debt: % of GDP (%) | 54.3 2022 | yearly | 1991 - 2022 |
| External Debt: Short Term (USD mn) | 1,022.1 Jun 2023 | quarterly | Dec 2003 - Jun 2023 |
| External Debt: Short Term: % of GDP (%) | 5.3 2022 | yearly | 1991 - 2022 |
| Forecast: Current Account Balance (USD bn) | -1.857 2028 | yearly | 1980 - 2028 |
| Net International Investment Position (USD mn) | -9,868.381 Dec 2022 | quarterly | Mar 2014 - Dec 2022 |
| BoP: CU: Secondary Income: Debit (EUR mn) | 42.430 Jun 2023 | quarterly | Mar 2008 - Jun 2023 |
| BoP: CA: Transfers: Debit (EUR mn) | 142.500 Jun 2023 | quarterly | Mar 2008 - Jun 2023 |
| BoP: CA: Transfers (EUR mn) | 118.740 Jun 2023 | quarterly | Mar 2008 - Jun 2023 |
| BoP: FA: DI: Liabilities (EUR mn) | 378.580 Jun 2023 | quarterly | Mar 2008 - Jun 2023 |
| BoP: FA: Other Investment (OI) (EUR mn) | 34.750 Jun 2023 | quarterly | Mar 2008 - Jun 2023 |
| BoP: Reserve Assets (EUR mn) | 542.620 Jun 2023 | quarterly | Mar 2008 - Jun 2023 |
| BoP: CU: Services (EUR mn) | 793.950 Jun 2023 | quarterly | Mar 2008 - Jun 2023 |
| BoP: FA: DI: Assets (EUR mn) | 75.680 Jun 2023 | quarterly | Mar 2008 - Jun 2023 |
| BoP: FA: OI: Assets (EUR mn) | -83.250 Jun 2023 | quarterly | Mar 2008 - Jun 2023 |
| BoP: CU: Services: Credit (EUR mn) | 1,522.430 Jun 2023 | quarterly | Mar 2008 - Jun 2023 |
| BoP: CU: Goods: Credit (EUR mn) | 425.470 Jun 2023 | quarterly | Mar 2008 - Jun 2023 |
| BoP: CU: Goods: Debit (EUR mn) | 1,645.510 Jun 2023 | quarterly | Mar 2008 - Jun 2023 |
| BoP: CA: Transfers: Credit (EUR mn) | 261.240 Jun 2023 | quarterly | Mar 2008 - Jun 2023 |
| BoP: Financial Account (FA) (EUR mn) | -575.120 Jun 2023 | quarterly | Mar 2008 - Jun 2023 |
| BoP: CU: Goods (EUR mn) | -1,220.040 Jun 2023 | quarterly | Mar 2008 - Jun 2023 |
| BoP: CU: Secondary Income: Credit (EUR mn) | 342.170 Jun 2023 | quarterly | Mar 2008 - Jun 2023 |
| BoP: Capital Account (CA) (EUR mn) | 119.320 Jun 2023 | quarterly | Mar 2008 - Jun 2023 |
| BoP: FA: OI: Liabilities (EUR mn) | -117.990 Jun 2023 | quarterly | Mar 2008 - Jun 2023 |
| Balance of Payments (BoP): Current Account (CU) (EUR mn) | -195.330 Jun 2023 | quarterly | Mar 2008 - Jun 2023 |
| BoP: CU: PI: Credit (EUR mn) | 186.020 Jun 2023 | quarterly | Mar 2008 - Jun 2023 |
| BoP: CU: Secondary Income (EUR mn) | 299.740 Jun 2023 | quarterly | Mar 2008 - Jun 2023 |
| BoP: FA: Portfolio Investment (EUR mn) | -306.970 Jun 2023 | quarterly | Mar 2008 - Jun 2023 |
| BoP: FA: Direct Investment (DI) (EUR mn) | -302.900 Jun 2023 | quarterly | Mar 2008 - Jun 2023 |
| BoP: FA: Portfolio Investment: Assets (EUR mn) | 282.880 Jun 2023 | quarterly | Mar 2008 - Jun 2023 |
| BoP: Errors and Omissions (EUR mn) | 43.500 Jun 2023 | quarterly | Mar 2008 - Jun 2023 |
| BoP: CU: PI: Debit (EUR mn) | 254.990 Jun 2023 | quarterly | Mar 2008 - Jun 2023 |
| BoP: FA: Portfolio Investment: Liabilities (EUR mn) | 589.850 Jun 2023 | quarterly | Mar 2008 - Jun 2023 |
| BoP: CU: Services: Debit (EUR mn) | 728.480 Jun 2023 | quarterly | Mar 2008 - Jun 2023 |
| BoP: CU: Primary Income (PI) (EUR mn) | -68.980 Jun 2023 | quarterly | Mar 2008 - Jun 2023 |
| International Investment Position (IIP): Net (EUR mn) | -9,386.080 Mar 2023 | quarterly | Mar 2014 - Mar 2023 |
| IIP: Assets (EUR mn) | 10,412.410 Mar 2023 | quarterly | Mar 2014 - Mar 2023 |
| IIP: Liabilities (EUR mn) | 19,798.490 Mar 2023 | quarterly | Mar 2014 - Mar 2023 |
| Gross External Debt: EUR (EUR mn) | 10,182.570 Jun 2023 | quarterly | Mar 2008 - Jun 2023 |
| Foreign Direct Investment (FDI): Stock (EUR mn) | 11,725.380 Mar 2023 | quarterly | Mar 2014 - Mar 2023 |
| FDI: Stock: Austria (EUR mn) | 737.660 Mar 2023 | quarterly | Mar 2014 - Mar 2023 |
| FDI: Stock: Canada (EUR mn) | 1,491.420 Mar 2023 | quarterly | Mar 2014 - Mar 2023 |
| FDI: Stock: Greece (EUR mn) | 216.900 Mar 2023 | quarterly | Mar 2014 - Mar 2023 |
| FDI: Stock: Italy (EUR mn) | 1,255.930 Mar 2023 | quarterly | Mar 2014 - Mar 2023 |
| FDI: Stock: Turkey (EUR mn) | 876.850 Mar 2023 | quarterly | Mar 2014 - Mar 2023 |
| No of Registered Enterprises: New: Active (Unit) | 37,491.000 2022 | yearly | 1996 - 2022 |
| No of Enterprises (Unit) | 104,030.950 2021 | yearly | 2011 - 2021 |
| AL: BOP: Net Errors and Omissions (USD mn) | 141.190 2022 | yearly | 1980 - 2022 |
| AL: BOP: Current Account: Personal Remittances: Paid (USD mn) | 149.490 2022 | yearly | 2003 - 2022 |
| AL: BOP: Current Account: Personal Remittances: Received (USD mn) | 1,745.245 2022 | yearly | 1992 - 2022 |
| Monetary | Last | Frequency | Range |
|---|---|---|---|
| Non Performing Loans Ratio (%) | 5.3 Jul 2023 | monthly | Jul 2007 - Jul 2023 |
| Household Debt: % of GDP (%) | 11.8 Mar 2023 | quarterly | Dec 2008 - Mar 2023 |
| Non-Performing Loans (USD mn) | 379.147 Jun 2023 | quarterly | Dec 2010 - Jun 2023 |
| Money Supply M1 (USD mn) | 7,531.296 Jun 2023 | monthly | Dec 1993 - Jun 2023 |
| Money Supply M2 (USD mn) | 9,048.324 May 2023 | monthly | Dec 1993 - May 2023 |
| M2 Growth (%) | 2.3 Jul 2023 | monthly | Dec 1994 - Jul 2023 |
| Foreign Exchange Reserves (USD mn) | 5,527.1 Jun 2023 | monthly | Dec 1993 - Jun 2023 |
| Foreign Exchange Reserves: % of GDP (%) | 25.299 Dec 2022 | quarterly | Dec 2008 - Dec 2022 |
| Foreign Exchange Reserves: Months of Import (NA) | 7.3 Jun 2023 | monthly | Dec 1993 - Jun 2023 |
| Gold Reserves (USD mn) | 212.102 Jul 2023 | monthly | Dec 1993 - Jul 2023 |
| Total Deposits (USD mn) | 16,073.211 Jul 2023 | monthly | Jul 2007 - Jul 2023 |
| Total Deposits Growth (%) | 1.6 Jul 2023 | monthly | Jul 2008 - Jul 2023 |
| Domestic Credit (USD mn) | 12,235.5 Jul 2023 | monthly | Dec 2002 - Jul 2023 |
| Domestic Credit Growth (%) | -0.6 Jul 2023 | monthly | Dec 2003 - Jul 2023 |
| Household Debt (USD mn) | 2,802.9 Jul 2023 | monthly | Jul 2007 - Jul 2023 |
| Total Loans (USD mn) | 8,070.802 Jul 2023 | monthly | Dec 2002 - Jul 2023 |
| Total Loans Growth (%) | -1.16 Jul 2023 | monthly | Dec 2003 - Jul 2023 |
| Private Debt: % of Nominal GDP (%) | 30.80 Mar 2023 | quarterly | Dec 2008 - Mar 2023 |
| Official Reserve Assets (EUR mn) | 5,611.790 Jul 2023 | monthly | Dec 2013 - Jul 2023 |
| Official Reserve Assets: Monetary Gold (EUR mn) | 192.470 Jul 2023 | monthly | Dec 2013 - Jul 2023 |
| Banking System: Domestic Assets (ALL mn) | 1,207,562.140 Apr 2023 | monthly | Dec 2002 - Apr 2023 |
| Banking System: Loans: OA: Corporate (ALL mn) | 443,464.240 Jul 2023 | monthly | Jul 2007 - Jul 2023 |
| Banking System: Deposits: OA: Corporate (ALL mn) | 311,386.390 Jul 2023 | monthly | Jul 2007 - Jul 2023 |
| Banking System: Loans: Outstanding Amounts (OA) (ALL mn) | 702,902.730 Jul 2023 | monthly | Jul 2007 - Jul 2023 |
| Banking System: Loans: OA: Households (ALL mn) | 259,438.490 Jul 2023 | monthly | Jul 2007 - Jul 2023 |
| Banking System: Deposits: OA (ALL mn) | 1,487,736.370 Jul 2023 | monthly | Jul 2007 - Jul 2023 |
| Banking System: Deposits: OA: Households (ALL mn) | 1,176,349.980 Jul 2023 | monthly | Jul 2007 - Jul 2023 |
| Business and Economic Survey | Last | Frequency | Range |
|---|---|---|---|
| Business Confidence: Net Balance (% Point) | -5.0 Mar 2021 | quarterly | Dec 2002 - Mar 2021 |
| Business Confidence Growth (% Point) | 10.1 Jun 2023 | quarterly | Jun 2017 - Jun 2023 |
| Business Survey: Industry: Capacity Utilization (%) | 80.713 Jun 2023 | quarterly | Jun 2007 - Jun 2023 |
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