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Investment Climate and Tax System in Albania 2015

New developments of tax system and the economic situation and rules about doing business in Albania

The GDP of Albania in 2014 stood at a preliminary growth rate of 2.1%. There have been changes in the composition of GDP by sector. The services are the most important sector in GDP with 45 per cent, mainly due to the development of the tourism sector. Industry and agriculture (excluding hotels and bars) has also seen an increase to 4.6 per cent in 2014. Construction has seen a decrease to 4.3 per cent.

Inflation rate, in December 2014 it was at the level of 0.7 percent. Unemployment according to official statistics is at the level of 16.4 percent with a tendency to decrease as a result of employment promotion policies promoted by the government through increased investment in strategic sectors (energy production and services) and creation of an encouraging climate for foreign investments, which are an indicator of increased confidence in Albanian market.

Foreign direct investments have a share of 7% of GDP in 2014.

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