Annual Report 2003 - Chapter II. Albanian Economy

Production date: 13.04.2004

Printed on: 23.08.2004

Author: Bank of Albania

 

 

The compliance with the main macroeconomic objetives settled by the mid-term poverty reduction and economic growth program enabled the sustenance of the domestic macroeconomic equilibrium during 2003. The year 2003 left the impression that the Albanian economy experienced a recovered pulse of economic growth. Preliminary economic evaluations revealed a 6 per cent growth of Gross Domestic Product during 2003, compared to 4.7 per cent marked in 2002. The pick up in the economic activity was proved by all sectors of economy, but it was particularly evidenced in the construction, transport and service sector.