Change font size:
TIRANA, September 18lbania’s current account deficit rose by 8.0% on the year to 681.3 million euro ($1.0 billion) in the first half of 2009, the country’s central bank said on Friday.
Albania’s current account gap in 2008 was 1.3 billion euro, equivalent to 15.2% of the country’s gross domestic product (GDP), versus 831 million euro deficit, or 10.5% of GDP, in 2007.
Albania’s economy grew by a real 7.2% last year, faster than the 6.1% growth target and the 6.0% rise recorded in 2007. The government has projected nominal GDP growth of 6.3% to 1.18 trillion Lek (9.0 billion euro) this year, even though other estimates fall much lower.
