TIRANA, July 10 /ATA/ – Final population consumption expenditure, which account for the main share of expenditure in economy, rose 3.71% year-on-year in the first quarter of 2024, data from the National Institute of Statistics (INSTAT) showed on Wednesday,
The consumption growth was also driven by the government policies through its pay rise for the public administration.
The government final expenditure also increased by 3.45 %.
The component of gross fixed capital formation, otherwise referred to as investments, edged up by 7.67%.
Albania’s goods and services exports fell by 9.94%, whereas imports to the country rose 7.61% year-on-year.
According to INSTAT, Albania’s gross domestic product (GDP) expanded by an annual 3.63% in the first quarter of this year.
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