Albania: Selected Issues

June 9, 2016

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Format: Chicago

Albania: Selected Issues, (USA: International Monetary Fund, 2016) accessed September 19, 2024

Summary

This paper aims to determine how much of the economic slowdown of Albania is owing to cyclical conditions and how much to a reduction in potential growth. The analysis shows that average growth in 2009–14 dropped by 3.2 percentage points relative to 1997–2008, of which 2.8 percentage points are due to lower potential growth. Albania has significant potential to improve its export competitiveness. However, Albania’s competitiveness has shown narrow improvements over the past five years, with weak productivity growth and continued concentration in low-skilled labor-intensive sectors with limited value added. This paper also explores the factors underpinning Albania’s relatively low level of general government revenues.

Subject: Output gap, Potential output, Production, Revenue administration, Revenue performance assessment, Social security contributions, Tax efficiency, Taxes, Value-added tax

Keywords: Albania, CR, Customs risk unit, Europe, Global, IMF staff estimate, ISCR, Output gap dynamics, Potential output, Social security contributions, Tax, Tax efficiency, Tax efficiency, Value-added tax, WEF competitiveness indicator

Publication Details

Pages:

41
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2016/143
Stock No:

1ALBEA2016004
ISBN:

9781484379097
ISSN:

1934-7685

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