Albania’s GDP rises by an annual 5.5% in Q1 2021

Albania’s economy expanded 5.5% year-on-year in the first quarter of 2021, following a downwardly revised 2.4% rise in the previous period, the country’s office of statistics INSTAT said. Both government expenditure (5.2% vs 4.5%) and gross fixes capital formation (21.1% vs 10.5%) accelerated while household consumption slowed (1.5% vs 1.9%). The sectors that mostly contributed to the country’s economic growth were industry,