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Albania: Recent Economic Developments

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  • International Monetary Fund

Abstract

This paper describes economic developments in Albania during the 1990s. Macroeconomic performance deteriorated in 1996, as the fiscal stance was weakened ahead of the parliamentary elections in May. Although two large public sector wage increases contributed, it was mainly revenue shortfalls that drove the domestically financed budget deficit to more than 10½ percent of GDP—the highest level since 1992. Reflecting higher demand in the economy, the trade deficit increased from 19½ percent of GDP to 25 percent of GDP, and inflation nearly tripled to 17½ percent.

Suggested Citation

  • International Monetary Fund, 1997. "Albania: Recent Economic Developments," IMF Staff Country Reports 1997/021, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:1997/021
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    File URL: http://www.imf.org/external/pubs/cat/longres.aspx?sk=2197
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    Cited by:

    1. Nevila Konica & Randall K. Filer, 2009. "Albanian Emigration: Causes and Consequences," South-Eastern Europe Journal of Economics, Association of Economic Universities of South and Eastern Europe and the Black Sea Region, vol. 7(1), pages 75-98.
    2. Dhori Kule & Ahmet Mançellari & Harry Papapanagos & Stefan Qirici & Peter Sanfey, 2000. "The Causes and Consequences of Albanian Emigration during Transition: Evidence from Micro Data," Studies in Economics 0004, School of Economics, University of Kent.

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