trade deficit

Restructuring the Albanian economic model after the 2024 growth

Analysis based on three methods of calculating GDP: Production, Expenditure, and Income.From the data processed and published by INSTAT for the 2024 gross domestic product (semi-final), it appears that the economy needs to refocus priorities as we are within...

Increased consumption and the return of services as pillars of economic growth in the first quarter of 2025

Albanian economy in the first quarter of 2025 is characterized by a recovery of consumption and services as growth engines, but with serious challenges in the manufacturing sector and in the foreign trade balance.In the following, we will present a...

Import substitution: From dependency to economic sovereignty

In a world shaken by geopolitical crises, price volatility, and supply chain disruptions, Albania cannot remain hostage to import dependency. Substituting imports with domestic production is no longer an ideological or nostalgic choice—it is a strategic necessity for economic sovereignty,...

Albania–US Trade Relations in 2025 and the Impact of Trump Tariffs

In a world constantly oscillating between globalization and protectionist policies, the year 2025 marked a significant turning point in trade relations between Albania and the United States of America. In April of this year, the Trump administration, during its second...

Balance of Payments Indicators for the period 2020–2024 and Outlook for 2025

To highlight the entirety of economic balances and to better understand the changes Albania has undergone in recent years, we will examine each indicator in detail, focusing on the factors that contributed to their development, as well as the contradictions...

What further lowered the exchange rate level at the start of the 2024 tourist season?

Euro in its exchange with the Lek at the beginning of May 2024[1] has depreciated on average by 3.7% since the end of 2023. If we look at the exchange rate of the Euro with the Lek, at...

The balance of payments shows us that the economy performs poorly and why tourism shows signs of growth

In the latest publication of the Bank of Albania, on September 11, we can see a clearer picture of the balance of payments made for the first 6 months of 2023. These payments summarize the transactions of the government, businesses,...

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