Albania GDP Annual Growth Rate

Last Release

Dec 31, 2022

Actual

4.73

Units In

4.02

Frequency

Quarterly

Next Release

Oct 01, 2025

Time to Release

3 Months 3 Days 12 Hours

Highest	Lowest	Average	Date Range	Source
18.38 Jun 2021	-11.33 Jun 2020	3.86 %	1996-2022	Instituti i Statistikave (INSTAT)

In Albania, the most important component on the expenditure side of the GDP is household consumption (78 percent) followed by gross fixed capital formation (26 percent) and government expenditure (11 percent). Net exports of goods and services subtracts 18 percent from the GDP as exports accounts for 35 percent and imports for 53 percent.

Latest Updates

Albania's gross domestic product rose by 3.4% year-on-year in the first quarter of 2025, marking the slowest pace since Q4 2023, slowing from an upwardly revised 4.4% in the previous quarter. Household consumption increased by 2.5% and government spending rose by 7.3%. Meanwhile, gross fixed capital formation grew by 2.9%. On the external front, exports advanced 9.5%, outpacing a 1.7% rise in imports. On a seasonally adjusted quarterly basis, the economy grew by 0.7% in the first quarter of 2025.