IMF Staff Country Reports

Albania: 2024 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Albania

January 24, 2025

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Format: Chicago

International Monetary Fund. European Dept. "Albania: 2024 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Albania", IMF Staff Country Reports 2025, 020 (2025), accessed March 16, 2025, https://0-doi-org.library.svsu.edu/10.5089/9798400298936.002

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Summary

Albania is on track to be one of the fastest growing economies in Europe in 2024, underpinned by tourism and prudent macroeconomic policies. Despite this strong performance, GDP per capita stands at just around a quarter of the EU-15 level. The economy is also facing structural headwinds, stemming from rapid population aging, emigration, low productivity, and governance shortcomings.

Subject: Exchange rates, External debt, Foreign exchange, Public debt, Revenue administration

Keywords: EU accession, EU accession discussion, EU convergence criteria, EU standard, Europe, Exchange rates, Global, Youth Guarantee program

Publication Details

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