Integrated Cross-Sectorial Plan of Tirana-Durres Area

During 1992-2009 period, Albania has had a
relatively high economic growth, 6-8%, and a
controlled inflation rate, 2-4%.
In 2014 the average unemployment rate is
estimated at 16.1% and at 29.2% among the
youth. The value of the Gini index in Albania
is 29, while in the EU it is 31. Migration
has been high and remittances have been
an important source of investment and
private consumption ranging from 22% of
GDP in 1992 to about 8.4% of GDP in 2014.
Currently, the government has drafted a
strategy for a new development model,
which aims to move from reliance on
consumption to supporting export growth
and competitiveness.
The analysis of the economic and social
development of Albania argues the need
for deep structural reforms, where the
planning, management and development of
NO
Indicators
Highest and
lowest value
Total no.
of countries
Year
Albania
Croatia
INTERNATIONAL INDEX
Ranking
Value
Ranking Va
I
Human Development Index (HDI) 1
0 -1 188
2014 85 0.733
47 0.8
II
Global Competition Index (GCI) 2
1 - 7
140
2015
93 3.9
77 4.
III
Index of Economic Freedom 3
1-100
178
2016
59 65.9
103 59
IV
Ease of Doing Business 4
1-100
189
2016
97 60.5
40 72
V
Attracting Foreign
Investment Index 5
0-10
136
2015
71 5.31
-
VI
Knowledge Economy Index 6
0 - 10
145
2012
82 4.53
39 7.
VII
Trade Openness Index
Trade -% of GDP 7
2015
72.1
9
Table 1.1 Comparison of Western Balkan Economies - Key Indices
1
hdr.undp.org
2
www.weforum.org
3
www.heritage.org
4
www.doingbusiness.org
5
www.globalopportunityindex.org
6
data.worldbank.org /Data Catalog
7
data.worldbank.org /Indicators
22