Annual Report 2019

The Albanian economy continued to grow during the first nine months of 2019, mainly underpinned by private consumption and services exports. Economic growth concluded at 2.9%, down from 4.1% in the previous year. This slowdown reflected a lower production of electricity and decline in construction activity. The earthquake, which hit the country at the end of the year, has increased the uncertainties of economic growth in the short-term, while indicators of macroeconomic stability and the medium-term economic outlook remain positive.