ALBANIA

Country Risk Rating

D3

SENSITIVE RISK for entreprise

  • Economic risk

  • Business environment risk

  • Political risk

  • Commercial risk

  • Financing risk

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GDP USD15.1bn (World ranking 122, World Bank 2018)
Population 2.87mn (World ranking 138, World Bank 2018)
Form of state Parliamentory Democracy
Head of government Edi RAMA (PM)
Next elections 2021, legislative
  • Good international relations (NATO membership, official EU accession candidate)
  • Low labor costs
  • Moderate level of inflation
  • Fiscal deficits in check since 2016
  • Considerable inflow of remittances
  • Large informal economy
  • Regular power cuts due to energy shortages
  • High public and external debt levels
  • Continued large current account deficits
  • High level of unemployment
  • Slow reform processes
  • Weak rule of law and high level of perceived corruption

Contact Euler Hermes

Economic Research Team

research@eulerhermes.com

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