Macro-economic Data

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    A. Demography and Macroeconomy

    A.1 Population
    VariableEnd of 2016End of 2015End of 2014SourcesVar ID
    Total population2.88 million2.88 million2.89 million
    WDI
    		A.1.1
    Total number of householdsNot availableNot availableNot available
     
    		A.1.2
    Average household sizeNot availableNot availableNot available
     
    		A.1.3
    Urban population (% of total)58.38% of total57.41% of total56.41% of total
    WDI
    		A.1.4
    Urban population growth (annual %)1.51%1.46%1.63%
    WDI
    		A.1.5
    A.2 Economy
    VariableEnd of 2016End of 2015End of 2014SourcesVar ID
    GDP, current prices (U.S. dollars)11,865 USD (millions)11,338 USD (millions)11,346 USD (millions)
    WEO
    		A.2.1
    GDP based on PPP valuation of country GDP (Current international dollar)34,155 USD (millions)32,602 USD (millions)31,441 USD (millions)
    WEO
    		A.2.2
    GDP per capita, current prices (U.S. dollars)4,125.32 USD 3,935.67 USD 4,584.91 USD
    WEO
    		A.2.3
    GDP based on PPP per capita GDP (Current international dollar)11,820.52 USD 11,273.46 USD 10,877.53 USD
    WEO
    		A.2.4
    GDP, constant prices (Percent change)3.37%2.23%1.77%
    WEO
    		A.2.5
    Inflation, end of period consumer prices (Percent change)2.18%1.94%.72%
    WEO
    		A.2.6
    GDP, deflator (Index)193.66194.06193.88
    WEO
    		A.2.7
    Consumer price index112.83111.44109.33
    WDI
    		A.2.8
    GINI IndexNot availableNot availableNot available
     
    		A.2.9
    Growth in urban household income (%/year)A.2.13
    Employment (% of total laborforce)A.2.14
    Unemployed15.2%17.1%17.5%
    WEO
    		A.2.14.3
    Interest Rates:A.2.15
    Yield on 3 months treasury bills1.06%2.74%3.11%
    IFS
    		A.2.15.2
    Average bank deposit rate.83%1.39%1.91%
    IFS
    		A.2.15.4
    Lending rate9.65%8.73%8.66%
    IFS
    		A.2.15.5
    B. Housing Market
    B.1 Housing Stock: Production, Transactions
    VariableEnd of 2016End of 2015End of 2014SourcesVar ID
    Number of dwelling units:B.1.1
    TotalNot availableNot availableNot available
     
    		B.1.1.1
    Total UrbanNot availableNot availableNot available
     
    		B.1.1.2
    Percentage of vacant units  21.7% of totalB.1.2
    Characteristics of housing stock:B.1.3
    Tenure in urban areas (%):B.1.4
    Owner-occupied units  90.56% of total
    The Statistical Service in Republic of Albania
    		B.1.4.1
    Estimated Number of units completed/yearB.1.5
    B.2 Housing Prices and Cost for Urban Areas or Capital City
    VariableEnd of 2016End of 2015End of 2014SourcesVar ID
    Median urban house price in USD:B.2.1
    Median house price to median annual HH income:B.2.2
    Annual average % change in median house prices:B.2.3
    M2 construction cost for median quality houseB.2.4

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    Notes: (2010 = 100)
    Notes: (2010 = 100)
    Notes: (2010 = 100)
    Notes: (2010 = 100)
    Notes: (2010 = 100)
    Notes: (2010 = 100)
    Notes: (2010 = 100)
    Notes: (2010 = 100)
    Notes: Data is derived from the State Department's Office of Investment Affairs' Investment Climate Statement.
    Notes: Except in northern rural areas where customary law prevails
    Notes: Except in northern rural areas where customary law prevails
    Notes: Except in northern rural areas where customary law prevails
    Notes: Except in northern rural areas where customary law prevails
    Notes: Except in northern rural areas where customary law prevails
    Notes: Except in northern rural areas where customary law prevails
    Notes: Except in northern rural areas where customary law prevails
    Notes: Except in northern rural areas where customary law prevails
    Notes: Except in northern rural areas where customary law prevails
    Notes: Except in northern rural areas where customary law prevails
    Notes: Except in northern rural areas where customary law prevails
    Notes: Except in northern rural areas where customary law prevails
    Notes: Except in northern rural areas where customary law prevails
    Notes: Except in northern rural areas where customary law prevails
    Notes: Except in northern rural areas where customary law prevails
    Notes: Except in northern rural areas where customary law prevails
    Notes: Except in northern rural areas where customary law prevails
    Notes: Except in northern rural areas where customary law prevails
    Notes: Except in northern rural areas where customary law prevails
    Notes: Except in northern rural areas where customary law prevails
    Notes: IMF estimate
    Notes: low-cost housing, mortgage interest subsidy, social housing, housing allowance
    Notes: low-cost housing, mortgage interest subsidy, social housing, housing allowance
    Notes: Mortgage costs – can be around 2% of the property value
    Notes: Mortgage costs – can be around 2% of the property value
    Notes: Mortgage costs – can be around 2% of the property value
    Notes: Purchase tax (and notary fees) come to around 1% when purchasing property in Albania. VAT is applied at the rate of 0% on new build Albanian property.
    Notes: Purchase tax (and notary fees) come to around 1% when purchasing property in Albania. VAT is applied at the rate of 0% on new build Albanian property.
    Notes: Purchase tax (and notary fees) come to around 1% when purchasing property in Albania. VAT is applied at the rate of 0% on new build Albanian property.
    Notes: Rental income tax is levied at 15%
    Notes: Rental income tax is levied at 15%
    Notes: Rental income tax is levied at 15%
    Notes: Source: Bank of Albania Statistical Report - December '11 Household loans by purpose and currency. Real Estate (in millions ALL) = ALL (22238.3) + USD (1796.0) + EUR (64177.6)
    Notes: Source: Bank of Albania Statistical Report - July '13 Household loans by purpose and currency - Real Estate (in millions ALL) = ALL (27782.7) + USD (1756.7) + EUR (70107.7)
    Notes: Source: Bank of Albania Statistical Report - July '13 Household loans by purpose and currency - Real Estate (in millions ALL) = ALL (30285.5) + USD (1606.5) + EUR (68167.1)
    Notes: Source: Bank of Albania Statistical Report - July '13 Household loans by purpose and currency - Real Estate (in millions ALL) = ALL(33014.8) + USD (1354.1) + EUR (66055.3)
    Notes: Source: Bank of Albania Statistical Report - November '12 Household loans by purpose and currency. Real Estate (in millions ALL) = ALL(25591.3) + USD (1846.1) + EUR (70031.3)
    Notes: Source: Bank of Albania Statistical Report - September '10 Household loans by purpose and currency. Real Estate (in millions ALL) = ALL (17508.4) + USD (2141.8) + EUR (46223.3)
    Notes: Table 1.4.8 Private Households by tenure status, ownership of occupied dwelling and by urban area 2011-2011 Total Urban = 409309 Total Owner Occupied Units = 8493 + 362191
    Notes: The "Low-cost housing" (LCH) project provides homes for low income families. Homes are priced equal to the construction cost with a 3% annual interest rate.
    Notes: The "Low-cost housing" (LCH) project provides homes for low income families. Homes are priced equal to the construction cost with a 3% annual interest rate.
    Notes: The "Low-cost housing" (LCH) project provides homes for low income families. Homes are priced equal to the construction cost with a 3% annual interest rate.
    Notes: The "Low-cost housing" (LCH) project provides homes for low income families. Homes are priced equal to the construction cost with a 3% annual interest rate.
    Notes: The "Low-cost housing" (LCH) project provides homes for low income families. Homes are priced equal to the construction cost with a 3% annual interest rate.
    Notes: The "Mortgage interest subsidy" (MIS) program provides loans with the interest subsidized. The loan is originated by private banks but the subsidy is provided by the state. This program is targeted for teachers, public employees, and those with medium income.
    Notes: The "Mortgage interest subsidy" (MIS) program provides loans with the interest subsidized. The loan is originated by private banks but the subsidy is provided by the state. This program is targeted for teachers, public employees, and those with medium income.
    Notes: The "Mortgage interest subsidy" (MIS) program provides loans with the interest subsidized. The loan is originated by private banks but the subsidy is provided by the state. This program is targeted for teachers, public employees, and those with medium income.
    Notes: The "Mortgage interest subsidy" (MIS) program provides loans with the interest subsidized. The loan is originated by private banks but the subsidy is provided by the state. This program is targeted for teachers, public employees, and those with medium income.
    Notes: The Capital Gains tax rate is 15% and that is levied on sales price minus acquisition cost and expenses.
    Notes: The Capital Gains tax rate is 15% and that is levied on sales price minus acquisition cost and expenses.
    Notes: The Capital Gains tax rate is 15% and that is levied on sales price minus acquisition cost and expenses.
    Notes: The fee ranges from $75-200
    Notes: The fee ranges from $75-200
    Notes: The fee ranges from $75-200
    Notes: The fee ranges from $75-200
    Notes: The fee ranges from $75-200
    Notes: The fee ranges from 0.2-2%
    Notes: The fee ranges from 0.2-2%
    Notes: The fee ranges from 0.2-2%
    Notes: The fee ranges from 0.2-2%
    Notes: The fee ranges from 0.2-2%
    Notes: The fee ranges from 0.2-2%
    Notes: The fee ranges from 0.2-2%
    Notes: The fee ranges from 0.2-2%
    Notes: The fee ranges from 0.2-2%
    Notes: The Real Property tax is dependent on location, property type and value of the home.
    Notes: The Real Property Tax is dependent on location, property type and value.
    Notes: The Real Property Tax is dependent on location, property type and value.