TIRANA, March 29/ATA/-Albanian economy consolidated the growing trend even during the fourth quarter last year.
Industry, energy, tourism and construction are supporting the country’s economic growth.
The annual economic growth in 2018 was 4.06%, higher than the previous year when it was 3.84%.
According to Institute of Statistics INSTAT, during the first quarter economy grew by 4.42%, in the second by 4.32% and in the third by 4.48%.
The INSTAT issued today the report Quarterly Economic Growth in which it is emphasized that the Gross Domestic Product (GDP) in the fourth quarter of 2018 in volume terms has increased by 3.10 % compared with the fourth quarter of 2017.
The main contribution to this increase gave the branches of the economy such as Industry, Electricity and Water by + 1.11 percentage point, Trade, Transport, Accommodation and Food Services by + 0.58 percentage point, Construction by + 0.29 percentage point, Financial and insurance services by + 0.21 percentage point, Professional services and Administrative services by + 0.18 percentage point.
According to INSTAT, other sectors have made a contribution to economic growth like Agriculture, Forestry and Fishing by + 0.16 percentage point, Information and Communication by + 0.15 percentage point, Public administration, Education and Health by + 0.09 percentage point, Real estate activity by + 0.01 percentage point.
The branch that gave a negative contribution is Arts, entertainment and recreation services, other services by – 0.27 percentage point. /e.xh/j.p/p.s./
