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Albanian households consuming less when adjusted for inflation, INSTAT survey shows

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6 mins read
8 years ago
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TIRANA, Oct. 1 – Albanian households practically consumed less in 2017 as spending stagnated and inflation hit a 5-year high, unveiling that the almost decade-high GDP growth that the Albanian economy registered last year did not have any major impact on the overwhelming majority of Albanians. The Albanian economy hit a 9-year high of 3.8 percent in 2017, but much of the growth was attributed to TAP and the Devoll Hydropower, the two major energy-related investments that are due to complete by early 2019, as well as a recovery in the long-ailing construction sector, triggering concern by experts over non-inclusive…

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Story Highlights

  • A nationwide survey conducted by INSTAT, the state-run statistical institute, shows average spending for an Albanian household rose by a mere 0.4 percent in 2017 at a time when consumer prices hit a 5-year high of 2 percent, in a situation that unveils real expenditure growth was down by 1.6 percent when adjusted for inflation rate

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Prof. Dr. Alaa Garad is President and Founding Partner of the Stirling Centre for Strategic Learning and Innovation, University of Stirling Innovation Park, Scotland. He is actively engaged in health tourism, higher education and organisational learning across the Western Balkans, including the Global Health Tourism Leadership Programme in Albania.

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