13.3 C
Tirana
15-10-26
Home Economy

Economic growth hit 3.71% in Q1 2026, reports INSTAT

TIRANA, June 29/ATA/ Real GDP in the first quarter of 2026 increased by 3.71% compared to the first quarter of 2025. Additionally, following the annual accounts revision, the real GDP growth rate for the first quarter of 2025 was adjusted to 3.76% from the previously reported 3.83%.

Public administration, education, and health were the largest contributors to economic activity, adding +1.68 percentage points.

Other significant drivers included real estate +0.52 pp, professional and administrative services +0.47 pp and construction +0.32 pp).

Additional contributions came from trade, transport, accommodation, and food services +0.21 pp, financial and insurance services +0.09 pp) and information and communication +0.06 pp.

The primary negative contributions came from Industry, Electricity, and Water -0.25 percentage points, followed by Agriculture, Forestry, and Fishing -0.06 percentage points, and Arts, Entertainment, Recreation, and Other Services -0.07 percentage points. /p.s./

Previous articleEU’s Gonzato says magistrates’ rulings key to public confidence in justice system
Next articlePirdeni: Draft reform splits state bodies into subordinate institutions, autonomous agencies