Albania Economy Report Q3 2016

Albania’s GDP increased by 3.1% y/y and totalled ALL 351.2 bln in Q3 2016, according to flash estimates of the country’s Institute of Statistics (INSTAT).

Final consumption, which contributed 86.2% to the GDP, went up by 1.9% y/y. Gross capital formation increased by 11.9%, contributing 26.7% to the GDP. Imports and exports grew by 19.1% and 5.6%, respectively.