Albania's economic growth slows to 7% y/y in Q3

On a quarterly comparison basis, Albania's economy expanded by 0.73% in the July-September period of 2021, the statistical office, INSTAT, said in a quarterly report.

The sectors that mostly contributed to the country's economic growth in the third quarter of 2021 were trade, transport, accommodation and food services, industry, electricity and water, as well as public administration, education and health.

In 2020, Albania's GDP declined by about 3.31% due to the Covid-19 pandemic, according to preliminary estimates released by INSTAT earlier this year.