Albania Economy Report Q4 2016

Albania’s GDP increased by 3.5% y/y and totalled ALL 1.407 bln in 2016, according to flash estimates of the country’s Institute of Statistics (INSTAT).

Final consumption, which contributed 86.5% to the GDP, went up by 2.5% y/y. Gross capital formation increased by 7.1%, contributing 27.2% to the GDP. Exports and imports grew by 12.7% and 7.4%, respectively.