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 share of GDP that goes to health remains above the pre-pandemic level of 8.8%, even if in 11 OECD countries, in 2022 it is expected to have fallen below pre-pandemic levels in 2019. According to the OECD Statistics database...
"Tax Systems in the Western Balkans, 2023" (in Albanian) is a paper based on the examination of the tax legislation in the practice of 2022 and compared with the report of previous years with the same theme of fiscal policies. This...
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...
