Albania's net tourism income rises 41% y/y in Q1

Foreign tourists contributed 788.4 million euro to Albania's economy during the January-March period, up 26% compared to the first quarter of 2023, the central bank said in a quarterly report on Monday.

Albanian residents spent 521 million euro abroad in the first three months of 2024, a 20% rise from the same period last year.

Foreign tourist arrivals to Albania reached 1.7 million in the first quarter, a 60% increase from the first quarter of 2023, the tourism ministry said earlier.

In 2023, foreign tourist arrivals to Albania jumped 35% to 10.1 million. Foreign tourists brought in 4.2 billion euro last year, a 47% increase compared to 2022, according to central bank data.

($ = 0.929 euro)