TIRANA, Oct 3 /ATA/ Household final consumption, which constitutes the main share of expenditures in the economy, increased in the second quarter of 2021, compared to the corresponding period of the previous year.
Official data released by the Institute of Statistics (INSTAT) show that household consumption has increased by 9.83%, recording an increase for the third consecutive quarter, while this indicator marked the highest growth rate since the second quarter of 2016 when the final consumption of the population increased 4.61%.
Household final consumption includes all goods and services used to meet the individual needs of resident households.
INSTAT reported that the final consumption of the population increased by 8.45% compared to the first quarter of the year.
Economic growth for the second quarter of 2021 turns out to be 17.89%, while foreign investment has increased during the first half of the year, reaching the level of 463 million euros.
The growth of these two indicators, consumption and investment, which are the main generators of economic growth, also reflects the confidence in the Albanian economy, thanks to the reforms that were undertaken over the years and fiscal consolidation. /j.p/sm/
