TIRANA, Sept 27 /ATA/ / In 2023, the Albanian economy, compared to 2022, recorded growth in nominal terms of 10.24% and in real terms (in volume) of 3.94%.
The Institute of Statistics (INSTAT) published the revised data of the Gross Domestic Product (GDP) for the period 2018-2023. According to the report, in 2022, GDP growth in real terms is 4.83%, compared to 2021.
GDP at current prices in 2023 was estimated at 2,369,906 million ALL, 2,149,741 million ALL for 2022.
In terms of the GDP structure, according to economic activities, the largest share in the economy for 2023 continues to be held by Services in total with 47.96%, marking an increase in real terms by 8.26%.
Industry and construction make up 23.03% of GDP.
In real terms, industry decreased by 2.37% and construction increased by 8.48%. Agriculture, hunting, forestry and fisheries account for 16.22% of GDP and have recorded a decrease of 1.82% in real terms.
The main contribution to growth in real terms was given by the economic activities “trade, transport, accommodation and food service” with 1.65 percentage points, “public administration, education and healthcare” with 1 percentage point, “construction” with 0.98 percentage points, ” professional, administrative and support activities” with 0.76 percentage points, “arts, entertainment and recreation, other service activities” with 0.23 percentage points, “information and communication” with 0.15 percentage points.
According to GDP with the expenditure method, final consumption holds the main share of expenditure in the economy with 82.25%. This component increased by 8.73% in nominal terms and 3.19% in real terms.
The final consumption of the population accounts for 69.64% of the final consumption, followed by the consumption of the public administration with 12.05% and the consumption of institutions serving families with 0.57%.
Exports of goods and services increased by 14.59% in nominal terms and by 9.45% in real terms, while imports of goods and services increased by 1.72% in nominal terms and by 0.21% in real terms, compared to 2022.
As part of the review of the national accounts, the Gross Domestic Product (GDP) is calculated for the first time, with the income method.
/sm/
