TIRANA (Albania), June 29 (SeeNews) – Albania's gross domestic product (GDP) grew by an estimated 4.45 % year-on-year in the first quarter of 2018, official statistics showed on Friday.
On a quarterly comparison basis, Albania's GDP increased by 1.15 % in the January-March period, the country's statistical office, INSTAT, said in a quarterly economic growth report.
In the last quarter of 2017, Albania's economy grew by an estimated 3.36% year-on-year and by 0.65% on a quarterly comparison basis.
The main contributors to Albania's economic growth in the first quarter of 2018 were industry, electricity and water, information and telecommunications, professional, scientific and technical activities, as well as trade, transport and accommodation services.
Albania’s 2018 state budget envisages up to 4% economic growth and deficit equivalent to 2% of GDP.