Albania’s economy expanded by 1.1% y/y in non-adjusted terms in the fourth quarter of 2013, improving from a 2.5% annual contraction in the previous quarter, the state statistical institute, INSTAT, informed.
The seasonally-adjusted figures showed a 2.3% quarter-on-quarter increase in Q4, following a 2.1% q/q drop in Q3.
Most of the economic sectors witnessed an annual rise in Q4 2013. The output of the industry increased by 7.2% y/y in Q4, reversing a 2.9% y/y drop in the previous quarter, thanks to a 7.8% y/y increase in the manufacturing industry, coupled with a 5.1% y/y growth in the extracting industry. The construction sector also swung to a 3.7% y/y rise in Q4 from a 11% y/y decline in Q3. The agriculture output grew by 1.2% y/y but the annual growth pace slowed down from 2% y/y in Q3.
Among services, which in aggregate dropped by 1.2% y/y, the transport sector registered the steepest drop of 27.9% y/y. On the other hand, the retail trade and post and communications advanced by 3.1% y/y and 8.4% y/y, respectively.
|GDP breakdowns in constant prices (%, y/y)|
|Agriculture, hunting, forestry, fishing||8.3||1.2||2.2||2.0||1.2|
|Trade, hotels, restaurants||-2.3||-0.7||-2.4||-3.4||3.1|
|Post and communication||10.3||11.8||-6.1||-4.9||8.4|
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