Albania: 2024 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Albania

Albania: 2024 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Albania
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Volume/Issue: Volume 2025 Issue 020
Publication date: January 2025
ISBN: 9798400298936
$20.00
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Topics covered in this book

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Exports and Imports , Inflation , Economics- Macroeconomics , Public Finance , Tourism , Credit , Exchange rates , Inflation , Anti-money laundering and combating the financing of terrorism (AML/CFT) , Fiscal stance

Summary

Albania is on track to be one of the fastest growing economies in Europe in 2024, underpinned by tourism and prudent macroeconomic policies. Despite this strong performance, GDP per capita stands at just around a quarter of the EU-15 level. The economy is also facing structural headwinds, stemming from rapid population aging, emigration, low productivity, and governance shortcomings.