Economic growth has been strong in early 2023, but comes after slower economic growth in 2022 due to weaker private consumption and a larger drag from net exports[1]. Production growth had higher expectations but remained at the level of...
The Tax Freedom Day for the Western Balkans (WB6) for 2024 is its 114th day[1]. In 2024, this day falls earlier in Kosovo, Albania and North Macedonia. In Bosnia-Herzegovina, Montenegro and Serbia, the day of fiscal freedom is...
Serbia's economic growth accelerated in the second half of 2023, bringing GDP growth for the year to 2.5%, thanks to a better-than-expected performance of the agriculture and construction sectors, and a strong sector recovery of energy, after the crisis of...
In 2023, the population of the Western Balkans (WB6) is 16.98 million inhabitants from 17.34 million inhabitants two years ago, with a decrease of 2.1% (360,000 people). The biggest decrease is felt in Serbia with 220,000 individuals less, in Albania...
The employment rate in Tr. 4 2023 in developed countries and in the Western Balkans OECD[1] employment and labour force participation rates remained broadly stable at 70.1% and 73.8% in the fourth quarter of 2023, the highest levels recorded...
Food inflation continued to decline for the 15th consecutive month, reaching 5.3% in February from 6.3% in January. OECD food inflation was lower than headline inflation for the first time since November 2021. Year-on-year inflation in the OECD, as measured by...
Remittance flows for 2023 in Albania reached the amount of 929 million Euros, which have increased from last year by 95 million Euros more and are directed directly towards families for daily consumption, expenses for education, health, maintenance and travel....
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 government's main motivation must obviously be to stimulate exports which otherwise means doing homework that should have been done long ago. The whole approach to stimulate exports is the objective of their growth, to have economic and industrial benefits related...
Focusing on the need for effective governance to directly support the business climate and inclusive governance approach is the ultimate aim of the research material "Who has the duty to fight informality and how are they fighting it?" (alb.) The...
