As it has already been presented by the Tripartite Agreement, but also by the political statements of the senior officials of three of the six countries of the Western Balkans, it seems that the political approach of the leading parties...
The estimated size of the informal sector in Albania is well above the EU average and at the upper end of the Western Balkan countries (WB6) in terms of employment, as seen in the table below. Western Balkans: Informality, 2019 (% of...
The OECD employment and labor force participation rates stabilized at 70.1% and 73.8% in the third quarter of 2023, the highest levels recorded since the series began in 2005 and 2008, respectively. Both indicators were close to their record levels...
Headline inflation (year-on-year) in the OECD, as measured by the Consumer Price Index (CPI), eased to 6.2% in September 2023 from 6.4% in August, following increases in July and August. Inflation fell between August and September in 27 OECD countries. In...
Between 2016 and 2020 exports and imports from the Western Balkans increased by 4.4 billion and 3.9 billion euros respectively, despite the decline in 2020 due to the COVID-19 pandemic. In 2020, the trade surplus was 7.9 billion euros. The economies...
Gross Domestic Product (GDP) in the OECD grew by 0.5% in the third quarter of 2023, at the same pace as the previous quarter. In the G7, quarterly GDP growth rose to 0.6% in the third quarter, from 0.4% in the...
The sovereign credit rating is a measure of the government's ability to repay its debts. Like personal credit scores, a high credit score indicates a financial situation with low credit risk and a low score indicates a government that may...
In Albania, salary benefits for an employee moving more than 100 km from the workplace are determined by the Labor Code and the employer's internal policies. Benefits and salary increases for an employee moving more than 100 km depend on...
According to Report about Tax Burden 2022 from ALTAX, in 2022, on average in the Western Balkans region, governments generated revenues to the extent of 34.8% of GDP. This represents a percentage like the level raised in OECD countries...
The Western Balkans is at an important crossroads in its development trajectory. Over the past decades, the Balkan states have made impressive progress in increasing the well-being of their citizens. With the increase in gross domestic product per capita and...
