Europe & Central Asia
Albania
Albania is implementing important structural reforms that will support equitable growth, raise productivity and competitiveness in the economy, create more jobs, and improve governance and public service delivery. Enhanced regional connectivity and access to regional and global markets, coupled with export and market diversification, can also help promote faster growth.
After weathering the consequences of the 2019 earthquake, COVID-19 pandemic, and cost-of-living crisis, the Government’s focus is now on full recovery with special focus on tourism, agriculture, and digitization as well as increased attention to climate change and the environment.
In 2023, growth reached 3.3% as private consumption, exports, and investment increased despite rising energy and food prices. Despite another year of exceptional growth in tourism, growth is likely to remain at similar levels in 2024. Poverty is expected to continue to decline as employment and wages rise. The country’s medium-term prospects hinge on global recovery, structural reforms, and fiscal consolidation.
15
Food and Beverage, Renewable Resources and Alternative Energy, Transportation
0.789
How is this information gathered?
SDG Investor Maps employ an 8-step methodology, combining data research and stakeholder consultations to identify Investment Opportunity Areas (IOAs) and potential business models with significant financial and impact potential.
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