Albanian government keeps 2014 GDP growth forecast unchanged at 2.1%.

By bne IntelliNews February 5, 2014

Albania's government has kept unchanged this year's GDP growth forecast at 2.1%, according to an updated economic and fiscal program for the 2015-2017 period, published by the finance ministry on February 4. The GDP growth is seen gradually accelerating to 3.3% in 2015, to 4.2% in 2016 and to 4.5% in 2017.

The government expects the fiscal balance to deteriorate further in 2014 with the deficit seen widening to 6.5% of GDP from 6.1% in 2013. According to the projection, the deficit should drop to 4.8% of GDP in 2015 and to 3.4% of GDP in 2016. The gap is set to fall below the EU's limit of 3% not earlier than 2017.

After going up by 8pps y/y to 70.5% of GDP in 2013, the public debt is expected to increase further by 1.6pps to equal to 72.1% of GDP in 2014.

The deficit on the current account is projected to decline in the mid-term as a result of the gradual reduction of the gap in the trade balance.

Albania, key macroeconomic indicators
  2013 2014 2015 2016 2017
Real GDP growth 0.7 2.1 3.3 4.2 4.5
Budget balance / GDP -6.1 -6.5 -4.8 -3.4 -1.3
Budget revenues / GDP 24.0 25.7 26 26.5 27.1
Budget expenditures / GDP 30.1 32.2 30.8 29.9 28.4
Public debt / GDP 70.5 72.1 71.7 69.2 65.6
Current account / GDP -10 -8.3 -7.6 -7.3 -8.1
Trade balance / GDP -16.5 -14.1 -12.7 -11.8 -12.1
Source: Macroeconomic and Fiscal Framework 2015-2076

Related Articles

Albania’s competition authority probes three mobile operators

Albania's competition authority has launched a preliminary investigation against three mobile operators for changing their tariffs for pre-paid mobile phone customers. According to the ... more

Albanian left-wing parties unite behind ruling Socialists ahead of election

Small Albanian left-wing parties have withdrawn their registrations to stand in the June 25 general election so that all their support goes to the governing Socialist Party (SP) led by Prime Minister ... more

Six Albanian ministers to leave their posts under deal between government and opposition

Six ministers in Albania’s Socialist-led government will be replaced with technical ministers as part of the agreement reached between Prime Minister Edi Rama and opposition leader Lulzim ... more

Register here to continue reading this article and 2 more for free or purchase 12 months full website access including the bne Magazine for just $119/year.

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

Thank you. Please complete your registration by confirming your email address.
A confirmation email has been sent to the email address you provided.

To continue viewing our content you need to complete the registration process.

Please look for an email that was sent to with the subject line "Confirmation bne IntelliNews access". This email will have instructions on how to complete registration process. Please check in your "Junk" folder in case this communication was misdirected in your email system.

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

If you have any questions please contact us at sales@intellinews.com

Subscribe to bne IntelliNews website and magazine

Subscribe to bne IntelliNews website and monthly magazine, the leading source of business, economic and financial news and commentary in emerging markets.

Your subscription includes:
  • Full access to the bne content daily news and features on the website
  • Newsletters direct to your mailbox
  • Print and digital subscription to the monthly bne magazine
  • Digital subscription to the weekly bne newspaper

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

bne IntelliNews
$119 per year

All prices are in US dollars net of applicable taxes.

If you have any questions please contact us at sales@intellinews.com

Register for free to read bne IntelliNews Magazine. You'll receive a free digital subscription.

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

Thank you. Please complete your registration by confirming your email address.
A confirmation email has been sent to the email address you provided.

IntelliNews Pro offers daily news updates delivered to your inbox and in-depth data reports.
Get the emerging markets newswire that financial professionals trust.

"No day starts for my team without IntelliNews Pro" — UBS

Thank-you for requesting an IntelliNews Pro trial. Our team will be in contact with you shortly.

Dismiss