TIRANA (Albania), September 30 (SeeNews) – Albania's gross domestic product (GDP) grew by 2.31% year-on-year in the second quarter of 2019, the office of statistics said on Monday.
On a quarterly comparison basis, Albania's GDP increased by 0.68% in the April-June period, the statistical office, INSTAT, said in a quarterly economic growth report.
In the first quarter of the year, Albania's economy grew by an estimated 2.21% year-on-year and was 0.56% higher on a quarterly comparison basis.
The main growth engines in the second quarter of 2019 were trade, transport, accommodation and food services.
In 2018, Albania's GDP grew by 4.06%, after a 3.84% increase in 2017, according to preliminary estimates released by INSTAT in March.
Albania’s 2019 budget projects economic growth of up to 4.3% and deficit equivalent to 1.9% of GDP.