TIRANA, March 21 /ATA/ – Construction is one of the main sectors contributing to growth of Albanian economy, with all its indicators further expanding in the last quarter of 2022, data from the country’s statistical office showed on Tuesday.
According to the National Institute of Statistics (INSTAT), the index of net sales in the construction industry rose 16.1 % year-on-year in the fourth quarter of the last year. Volume of production also increased by 18.5% compared to the previous year.
Data also show that the employment rate in the construction industry rose 2.3 %, and monthly wages went up by 17.3 % compare to the same period of the previous year.
According to the preliminary data, construction sector accounted for around 11% of Albania’s GDP.
The number of building permits rose 1.7% to a total of 1420 permits approved in 2022, up from 1396 permits issued in 2021.
The total construction floor of the issued construction permits is estimated at around 2.667.497 m2 from 2.316.709 m2 in 2021, registering an increase by 15.1 %.
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