As per International Monetary Fund (IMF) Albania’s nominal gross domestic product is expected to grow at a CAGR of 6.92% from it’s 2015 level of ALL 1434.74 billion and reach ALL 2292.49 by 2022.
Albania is located in Southeast Europe, in the west of the Balkans, and shares common borders with Macedonia to the east, Greece to the south, and Kosovo and Montenegro to the north. It has access to the Adriatic and Ionian Seas in the west and southwest, being less than 72 kilometres away from Italy, across the Adriatic Sea.
Albania had estimated population of 2.885 million in the year 2016 and expected to reach 2.858 million by 2022. Albania’s unemployment rate was 16.1% of total labor force.Albania’s real gross domestic product (GDP) was around ALL 763.844 billions in 2016 whereas the nominal GDP was ALL 1505.03 billions.
This resulted in GDP deflator 197.033. Per capita GDP was estimated at USD 4203.42 whereas purchasing power parity (PPP) based per capita GDP was estimated to be at USD 11840.23.
In 2016, Albania government’s revenue was ALL 401.082 billions whereas the expenditure was ALL 426.384 billions. This resulted Albania government’s net lending / borrowing negative at ALL 25.301 billion in 2016 indicating that enough financial resources were not made available by the government to boost economic growth.
The current account balance for Albania was estimated to be negative at USD 1.465 billions for the year 2016 and is expected to decline at a CAGR of 4.20% and reach USD 1.635 by 2022. This negative current account balance indicates the Albania is a net borrower from the whole world.
Scope of the Albania PESTEL Analysis, SWOT Analysis and Risk Analysis Market Research Reports
- These reports provide information about key macroeconomic indicators for Albania.
- These reports provide PESTELE (political, economic, social, technological, environmental and legal) analysis for Albania.
- These reports provide SWOT (strengths, weaknesses, opportunities and threats) analysis for Albania.
- These reports provide risk analysis for Albania.
For more information and to purchase Albania PESTEL Analysis Market Research Report please visit: https://www.marketresearchreports.com/market-research-reports-inc/albania-pestel-analysis-market-research-report
For more information and to purchase Albania SWOT Analysis Market Research Report please visit: https://www.marketresearchreports.com/market-research-reports-inc/albania-swot-analysis-market-research-report
For more information and to purchase Albania Risk Analysis Market Research Report please visit: https://www.marketresearchreports.com/market-research-reports-inc/albania-risk-analysis-market-research-report
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