TIRANA (Albania), September 26 (SeeNews) – Albania's gross domestic product (GDP) grew by an estimated 4.32 % year-on-year in the second quarter of 2018, the country's statistical office, INSTAT, said on Wednesday.
On a quarterly comparison basis, Albania's GDP increased by 1.34 % in the April-June period, INSTAT said in a quarterly report.
In the first quarter, Albania's economy grew by an estimated 4.45% year-on-year and by 1.15% on a quarterly comparison basis.
The main contributors to Albania's economic growth in the second quarter of 2018 were industry, electricity and water, trade, transport and accommodation services as well as information and telecommunications.
Economic growth of up to 4% and deficit equivalent to 2% of GDP are forecast in Albania’s 2018 state budget.