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Albania's Q4 c/a gap widens 17% y/y – table

Albania's Q4 c/a gap widens 17% y/y – table Ken Teegardin/CC BY-SA 2.0

TIRANA (Albania), March 25 (SeeNews) – Albania posted a current account deficit of 363.6 million euro ($410.8 million) in the fourth quarter of 2018, compared to a shortfall of 309.9 million euro in the same period of 2017, the central bank said on Monday.

On a quarterly comparison basis, Albania's current account gap more than doubled in October-December 2018, Bank of Albania said in a quarterly balance of payments report.

Details follow (in millions of euro):

  Q4'18 Q3'18 Q4'17
CURRENT ACCOUNT BALANCE -363.6 -147.5 309.9
- Goods -831.1 -740.7 -787.7
- Services 214.7 379.4 217.5
- Primary income 14.6 -18.9 7.1
- Secondary income 238.3 232.8 253.1
CAPITAL ACCOUNT BALANCE 41.6 22.9 42.9
FINANCIAL ACCOUNT BALANCE -541.2 -172.0 -420.7

($=0.88466 euro)

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