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Albania's GDP growth speeds up to 3.21% y/y in Q2

Albania's GDP growth speeds up to 3.21% y/y in Q2 GDP, Creative Commons. Author:LendingMemo.com

TIRANA (Albania), October 7 (SeeNews) - Albania's gross domestic product (GDP) increased by a real 3.21% year-on-year in the second quarter of 2016, after growing by 2.96% in the first quarter, the country's statistics office, INSTAT, said on Friday.

On a quarterly basis, the country's economy grew 0.91% in the March-June period, after expanding by 1.20% in the previous quarter, INSTAT data showed.

The main contributors to the country's economic growth in the second quarter were wholesale and retail trade, transportation, and hotel and restaurant services.

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