Remittances rose 16.7% from the same period a year earlier, extending the upward trend in financial flows from the Albanian diaspora to the domestic economy.

Growth accelerated in the second quarter, when remittances reached 347 million euros, up 24% year-on-year. That represented about 67 million euros more than in the second quarter of 2025.

The new six-month record consolidates remittances as a major source of foreign-currency inflows into the economy, alongside service exports, particularly tourism.

Remittances directly support recipient households and domestic consumption, while at the macroeconomic level they contribute to foreign-currency inflows and help meet the economy’s financing needs.

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According to Ibrahimaj, the unemployment rate stood at 8.3% in 2025, while the employment rate reached 68.9%, marking an increase compared with the previous quarter. Labour force participation rose to 75.9%, improving year-on-year.

Speaking at a press conference, she said the average gross monthly wage in 2025 was 86,984 leks, up 4.3% from 2024.

Wage growth has supported consumption and demand for goods and services, Ibrahimaj said, adding that it reflects a steady upward annual trend.

Pensions increased by 8.4%, while remittances reached 1.12 billion euros, up 7.1% from a year earlier, she added. Household disposable income rose by 6.3%, indicating stronger financial capacity and overall economic stability.

“These indicators reflect a stable economy and an active labour market that supports consumption and economic growth,” Ibrahimaj said, adding that they provide a solid basis for addressing future challenges and improving citizens’ well-being.

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The central bank reported that these transfers, which include money sent by Albanians living abroad to their families and relatives back home, were primarily channelled through banks and other financial institutions.

Italy and Greece remain the top countries of origin for these inflows, reflecting the large Albanian diaspora living and working in neighbouring countries.

The United Kingdom and Germany also ranked among the leading sources of remittances.

Remittances are a key source of income for many households in Albania and play an important role in supporting domestic consumption and economic stability.

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Money sent home by Albanian citizens living abroad rose 14% year-on-year to 772 million euros during the January-September period, central bank said in a current account report on Wednesday.

The Bank highlighted that the flow of remittances via the formal banking system channels, as well as cash money has increased.

Most of the remittance flows come from Italy, Greece, Germany and England due to the high number of Albanian citizens living and working in these countries.

Central bank noted that high remittances flow, foreign direct investments and tourist spending have been the main factors causing strong devaluation of leading international currencies in general and the European single currency euro in particular.

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Data from central bank show that money sent home by Albanian citizens living abroad in the second quarter of 2024 amounted to 268 million euros.

According to Bank, the flow of remittances increased by over 35.8 million euros compared to the same period of the previous year.

The Bank highlighted that the flow of remittances via the formal banking system channels, as well as cash money has increased.

Most of the remittance flows come from Greece and Italy, followed by England and Germany.

Central bank noted that high remittances flow, foreign direct investments and tourist spending have been the main factors causing strong devaluation of leading international currencies in general and the European single currency euro in particular.

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Data from central bank show that money sent home by Albanian citizens living abroad in the April-June period amounted to 229.5 million euros.

According to Bank, the flow of remittances increased by over 37 million euros compared to the same period of the previous year.

Last quarter of 2022 recorded the highest flow of migrant remittances estimated at around 241.7 million euros. Migrant remittances to Albania hit a record high of 833.7 million euros in 2022.

Central Bank noted that high remittances flow, foreign direct investments and tourist spending have been the main factors causing strong devaluation of leading international currencies in general and the European single currency euro in particular.

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According to the BoA, in the 6-month period of 2021, remittances increased by 25% compared to the same period a year ago, and by 2.2% compared to 2019.

In the first quarter of this year, the remittances reached 169 million euros, marking  an increase of 12.5% compared to the first quarter of 2019.

In the second quarter of 2021, remittances were 42% higher than the same period a year earlier.

Remittances decreased by 10.7% compared to April-June 2019, the Bank of Albania announced. //a.i/

According to BoA, remittances receiving households are an important source of income, accounting for an average of 34% of the total monthly income of the family.

In the first half of 2020, when the pandemic hit, remittances decreased significantly, while in the second half of 2020, remittances experienced a rapid increased by 9.2% in annual terms.

In the first quarter of 2021, remittances increased by 10.6% in annual terms. //a.i/

During the meeting on the “Remittances, their impact on economic development and society”, the Deputy Minister of Economy and Finance, Vasilika Vjero said that, remittances accounted for 12% of Gross Domestic Product-GDP.

In her remarks, Vjero said that, due to the pandemic situation, there has been a decrease in remittances, while, in the first quarter of this year after the economic recovery, remittances accounted for 68% of secondary income.

Touching on the initiatives such as, the “Connect Albania” and “Ready for Albania”, Vjero said that, the goal is to increase remittance flows to Albania contributing to the economic development and entrepreneurship. //a.i/

In the first quarter of this year, remittances amounted to 169 million euros, the Bank of Albania-BoA announced.

According to the BoA, compared to the same period a year ago, remittances increased by 17 million euros. While compared to the last quarter of 2020, remittances decreased to 34 million euros

In January-March 2020, when the COVID-19 pandemic had not yet emerged, remittances accounted for 152 million euros. While in the last quarter of 2020, remittances reached 203 million euros due to the end-of-year holidays, marking the highest level since 2010 when remittances accounted for 220 million euros.

Over the last two years, remittances accounted for 12% of Albania’s Gross Domestic Product (GDP). //a.i/