Gross Domestic Product (GDP) is an indicator of market value of all final goods and services produced in an economy. GDP includes all current products and services destined for the market as well as those produced for own consumption by all resident units operating in the territory of a state.

GDP measured at current prices is called Nominal GDP, while GDP measured by fixing the prices of a given year is called GDP at constant prices (base). Given that GDP at constant prices eliminates the effect of inflation, the growth of this indicator is a more accurate indicator of real growth of an economy.

Open Data Albania has conducted a research on the change of GDP in 2010 (updated the third quarter), based on data from Institute of Statistic (INSTAT). GDP is measured at constant prices of 2005.

In the third quarter of 2010, the economy grew by 4.94% versus the third quarter of 2009. In this quarter the industries that have the highest growth compared to the third quarter of 2009 were: industry (18%), transport (12.9%), other services (12%), trade (8.1%) and agriculture (7.6%). Branches that turn down in this quarter compared to the same quarter of previous year were construction (-22%) and post communications (-7.9%).

GDP growth by sectors of the economy compared with a year ago appears as in the graph below:


Source: Institute of Statistics (INSTAT)
Comments and Analysis: Open Data Albania (ODA)



Source: Institute of Statistics (INSTAT)
Comments and Analysis: Open Data Albania (ODA)