TIRANA, June 29/ATA/ The Albanian economy is on the path to recovery after two shocks caused by the Sars-Cov-2 virus and the 2019 earthquake.
According to the official data published by the Albanian Institute of Statistics-INSTAT, in the first quarter of 2021, the Gross Domestic Product-GDP increased by 5.53%, compared to the first quarter of 2020, and also marked an increase of 2.29% compared to the fourth quarter of 2020.
The Albania’s Minister of Finance and Economy, Anila Denaj announced on Tuesday that, the main sectors of the economy that have contributed to the GDP growth are industry sector by 2.56%, construction by 1.09%; public administration, education and health by 0.97%.
According to INSTAT, household final consumption expenditure increased by 1.49%, while Ggovernment final consumption expenditure (GFCE) increased by 5.16%.
Exports of goods and services increased by 0.66%, while imports increased by 7.55%. //a.i/
