Albania's GDP growth slows to 3.44% y/y in 2023 – prelim estimate

In the fourth quarter of 2023 alone, the Albanian economy grew 3.8% compared with the prior-year period, after advancing 3.83% in the third trimester, INSTAT said in a quarterly report.

On a quarterly comparison basis, Albania's economy advanced by 0.79% in the October-December period.

The main contributors to the country's year-to-year economic growth in the fourth quarter of 2023 were construction activities, which saw 10.8% growth, public administration and professional services with a 10.78% growth, and real estate with 10.33%.