TIRANA, July 2 /ATA/- According to the Institute of Statistics, INSTAT, the Albania’s Gross Domestic Product (GDP) increased by 2.21% in the first quarter of 2019 compared with the the same period of the previous year.
The main contributors to the country’s GDP increase as following;
Trade, Transport, Accommodation and Food Services by + 0.68 percentage point,
Real estate activity by + 0.51 percentage point, Construction by + 0.43 percentage point,
Public administration, Education and Health by + 0.36 percentage point,
Professional services and Administrative services by + 0.33 percentage point,
Agriculture, Forestry and Fishing by + 0.26 percentage point,
Information and Communication by + 0.24 percentage point,
Financial and insurance services by + 0.20 percentage point.
Activity of Agriculture, Forestry and Fisheries industry in Albania contributed an estimated 2% of the country’s GDP (Gross Domestic Product), in the first quarter of 2019, compared to the same period of the previous year.
Utilities (water, electricity and gas) recorded a decrease of 6.05%.
Construction industry in Albania contributed an estimated 5.95% of the country’s GDP (Gross Domestic Product), in the first quarter of 2019, compared to the same period of the previous year.
Mining and quarrying and Manufacture and processing of basic metals, decreased respectively by 43.8 % and 6.85 %.
Trade, Transport, Accommodation and Food Services increased by 4.61% influenced mainly by Wholesale trade sector, which marked an increase of 6.70 %.
Information and Communications increased by 8.63 %.
Financial and insurance activity increased by 8.90 %.
Real estate sector increased by 9.68 %.
Administrative services sector increased by 5.27 %.
Public administration, Education and Health increase by 2.88 %.
Arts, entertainment and recreation services decreased by 20.13 %.
Net Taxes on products *(net indirect taxes) increased by 3.88 %. //a.i/
