REPUBLIC OF ALBANIA
MINISTRY OF ECONOMY, TRADE
AND ENRGY
ALBANIA
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Population 3,619,778
habitans
Total area 28,748 sq km
Population growth
rate:0.538%
Birth rate:15.22
births/1,000 population
Death rate:5.44
deaths/1,000 population
Net migration rate: -4.41
migrant(s)/1,000
population.
Infant mortality rate:19.31
deaths/1,000 live births
Total fertility rate: 2.02
children born/woman
Religions:Muslim 70%,
Albanian Orthodox 20%,
Roman Catholic 10%
ALBANIA Economy Development
Macro-Economic Indicator 2007
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Albania economy for the fiscal year 2007 has recorded a
sustainable growth and in acordance with foreseen.
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Real aconomik growth rate has rezulted at a level of 6 %.
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Gross domestic production in nominal terms has resulted at 997
bilion leke, and real GDP is estimated at 945.52 bilion leke.
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Gros domestik production per capita for fiscal year 2007 is
estimated at 3 402 USD per capita or same 9.3 % more than in
previous year.
Avarage rate of yearly inflation for 2007 was 2.9% towards the
3% predicted.
Economic crediting in country level has resulted on high level at
48.5 % of GDP. The credit ratio of economy refer the DGP has
recorded an extention by 8.8%
Foreing Trade
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Development of external sector has follow an growth
tendency.
Exports for year 2007 has registered a growth at 29%,
meanwhile the imports are increased at 18%.
Trade deficit in Albania still remain in high level at 28% of
GDP
Covering ration (export/import) reached at 23%
Main partner country from EU countries still remain Italy
and Greece. Importes and exports (from this countrie) are
respectively 35% and 13%.
Foreign Direct
Investment(FDI)
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Analysing the FDI for 2007 rezulted that FDI for
2007are increased by450-470 milion Euro towords 260
milion euro/year in previous year.
FDI for year 2007 has registered an increase nearly
70% compare to 2006.
In the energetic the development are optimistic, not
only for the achieved concenssion, but also for the
expected one to be realized in 2008.
Employment
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Employment remain still one of the main
priority of government.
Unemployment rate has sign a decrease in
average 0.5-1 %/year.
Unemployment rate for 2007 is estimated
13.1% decreasing by 0.65 compare with
previous year.
Employment on industrial sector was
increased by 7%,mainly by increasing the
employment on
Emploiment (continue)
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The sectorial strategy on employment seeks to improve the
employment service system and vocational education and
reduction of unemployment. The main objectives are:
Creating opportunities for employment, through economic
growth.
Implementation of efficient programs for the development
of the labor market through development of information
network, vocational traing, and fiscal incentives.
The promotion of employment programs will be realised in
cooperation of the civil society, business organizations and
development of the SME sector.
The government is comitted to undertake a comprehensive
reform in education system from the state budget and in
cooperation with international financial organizations, and
including the contribution of the private sector.
The public expenses for education will cover 5% of the GDP
share for the 2009 year.
Migration and impacts on economy.
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Over more than a decade up to 20% of population of
Albania has migrated.
The economic impact data of emigration are as follow:
Based on data, the contribution of the remittances during
10years is 15% of Albania GDP.
The contribution of the remittance in the commercial
balance during last 10 years is estimated to be 58.8%
National Strategy on Migration
and actions taken from Albania
Government.
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The Albania Government has envisage the adoption of National
Strategy on Migration.
This strategy complements other interrelated policies such as
those cancerning employmet and socio-economic development
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especially regard to remittance manegement
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Also for implementation of strategy is compile and action-plan.
This actin –Plan details for every of 66 measures agreed upon all
the necessary elements for its
implementation(objectives,activities required, politically
responsible body etc)
The albania government has decided to create a new agency
covering migration policy in a very broad sense, as one of a first
step for implementation of Action-Plan.
Reduction of the Informal Economy for
Year 2007
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There have been colected about 38.8 miliard
lek contribution or 2 milliard Albania leke more
than the year 2006
The level of the employers’amount of social
contribution is decreased by 33%.
The insurance scheme is increased with 40
thousand new contributors.