Albania

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Location map
author: OCHA/ ReliefWeb


Location:
- Southeastern Europe, bordering the Adriatic Sea and Ionian Sea;
- Neighbours: Greece, Montenegro, Kosovo, Serbia, Macedonia.

Climate:
- mild temperate;
- cool, cloudy, wet winters;
- hot, clear, dry summers;
- interior is cooler and wetter.

Natural hazards:
- destructive earthquakes;
- tsunamis occur along southwestern coast;
- floods;
- drought.


Macro indicators (* 2018 estimates)
Surface:28,748km2
Population*:2.9million
Pop. density*:99.8people/km2
GDP*:13.4EUR billion
GDP/capita*:4,648.9EUR

European Union:
Official candidate


Currency: Lek
Code: ALL
Since: 1926

Exchange rates at December 31st:

1 EUR = 123.42 ALL (2018)
1 EUR = 132.95 ALL (2017)
1 EUR = 135.23 ALL (2016)
1 EUR = 137.28 ALL (2015)
1 EUR = 140.14 ALL (2014)
1 EUR = 140.20 ALL (2013)
1 EUR = 139.59 ALL (2012)
1 EUR = 138.93 ALL (2011)
1 EUR = 138.77 ALL (2010)


Sources:





 


Statistics

Abania 1Q2019 Market Portfolio

Albania 1Q19 Insurance Companies Ranking


See all statistics

Latest news




ALBANIAN economy grows 3.36 pct in Q4 2017

The Albanian economy grew by 3.36 percent in the fourth quarter of 2017 according to the figures from the Albanian National Institute of Statistics (INSTAT) released on Tuesday.






ALBANIA's GDP expands 3.94 percent in Q1 2017

Albania's gross domestic product expanded by 3.94 percent in the first quarter of 2017 over the same three-month period of 2016, helped especially by a strong construction sector, the Institute of Statistics said on Friday.


STATISTICS: ALBANIAN insurers' Q1 GWP up by 17.6% y-o-y

The Albanian insurance market reached over ALL 3.45 billion (EUR 25.4 million) during Q1 2017, or 17.62% more y-o-y, according to the quarterly statistics published by the local Financial Supervisory Authority.




STATISTICS: ALBANIAN insurers posted about EUR 79 million in GWP at the end of September

The Albanian insurance market reached over ALL 10.8 billion (EUR 78.6 milion) for the period January - September 2016, or 7.2% more y-o-y, according to the quarterly market statistics published by AFSA - Albanian Financial Supervisory Authority. During the analysed period, the number of issued insurance contracts reached 808,881 showing a decrease of 0.4% y-o-y. The total of paid claims was about ALL 2.9 million or 27.8% more, compared to the period 3Q 2015.

ALBANIAN insurers' Jan-Aug GWP rise 4.6% y/y

Albanian insurers' gross written premiums rose 4.6% on the year, reaching 9.4 billion leks (68.4 milion euro) for the first eight months of 2016, the country's financial supervisory authority AMF said on Friday.

ALBANIAN insurers' GWP rise 3% y/y in Jan-July

Albanian insurers' gross written premiums rose 3% on the year to 7.96 billion leks (64.9 million euro) in the first seven months of 2016, the country's financial supervisory authority said.


STATISTICS: ALBANIAN insurers GWP down by 2.7% y-o-y in Q1

The Albanian insurance market reached GWP of over ALL 2,939 million (EUR 21.2 million) for the period January-March 2016, or 2.70% less y-o-y. During the analysed period, the number of issued insurance contracts reached 222,422 showing a decrease of 1.29% y-o-y.