TIRANA, April 3/ATA/-Albania’s economic growth in the fourth quarter of 2017 is estimated at 3.36%.
According to the Institute of Statistics (INSTAT) Gross Domestic Product (GDP) in 2017, based on quarters’ estimations, marked a 3.84% increase as compared to 2016.
The main contribution to this increase gave the branches of the economy such as trade, transport, the hotels and restaurants as well as sector of public administration, education and health.
These two branches of the economy have contributed respectively by +0.66 and +0.64 percent.
According to INSTAT, even construction sector had an increase by +0.53 percent.
Most of the branches of economy have made a positive contribution except for agriculture and the information and communication branch.
Likewise, the financial and insurance services appear to have increased by 11.24%, reflecting at the same time the smooth progress of the banking sector in the country.
Meanwhile, the hotels and restaurants have marked an increase of 21.99% as compared to the last quarter of 2016 as a consequence of growth in the tourism sector, but even investments in this sector.
Meanwhile, the electricity sector has recorded the biggest fall as a consequence of the drought that brought about a reduction in the production of electricity in the public and private hydro power stations in the country.
Household final consumption, which consists of the main burden of expenditures in economy, got increased by 3.14 %. While the general government consumption appeared to decrease by 1.84 %./a.gjonaj/ /a.g/p.s./
