INVESTMENTS IN ALBANIA
The Albanian economy has in recent years posts a steady GDP growth rate, both in market value and in nominal levels.
The per capita income now stands at 11.400 dollars, the unemployment is at 18% and only 14,3 % of the population lives below the poverty threshold.
The country’s energy deficit is covered by electricity imports and its trade balance tends to be in a negative ratio of 1:2 between exports and imports.
The banking system is organized and in its framework several Greek-owned banks operate. The interest rate is considered high (8,66%).
The tax on business profits amount to 15% and is the lowest in the Balkans, the income tax is also 10% and the maximum scale of VAT is 20%.
|
ALBANIA |
2014 |
|
G.D.P. in purchasing power terms (billion $) |
$31,59 |
|
G.D.P. in nominal values (billion $) |
$13,28 |
|
G.D.P. growth in 2014 |
1,90% |
|
Per capita G.D.P. in purchasing power terms |
$11.400 |
|
Investments in fixed assets as % of the G.D.P. |
26,50% |
|
Inflation rate |
1,60% |
|
Total borrowing of the economic units (bil. $) |
$8,231 |
|
Exports (bil. $) |
$2,431 |
|
Imports (bil. $) |
$5,25 |
|
Total Foreign Direct Investments (bil. $) |
$5,557 |
|
Work Force (mil.) |
1,077 |
|
Unemployment rate |
18% |
|
% of people under the poverty threshold |
14,30% |
|
Energy production (bil.) |
4,726 kWh |
|
Energy consumption (bil.) |
7,793 kWh |
|
State budget incomes (bil. $) |
$3,476 |
|
State budget expenditures (bil. $) |
$4,16 |
|
State budget deficit as a % of the G.D.P. |
-5,10% |
|
Tax incomes as a % of the GDP |
26,20% |
|
Public Debt as a % of the GDP |
72% |
|
Foreign Dept (bil $) |
$8,782 |
|
Lending interest rate of commercial banks |
8,66% |
|
Corporate tax rate |
15% |
|
Highest income tax rate |
10% |
|
Highest VAT rate |
20% |
|
Insurance Contributions for employee |
11,20% |
|
Insurance Contributions for employer |
16,70% |
Energy, food, real estate, tourism and trade are the most usual sectors attracting foreign investors. It should be noted that in the country, apart from the fact that a significant proportion of the population speaks Greek, also important is the presence of Greek-owned banks.
INVESTMENTS IN BALKAN AREA
NEWS & CONTACT
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