
The international credit rating agency Moody's has reaffirmed Albania's long-term sovereign credit rating at "Ba3" with a stable outlook, according to its report published on October 7.
Moody's emphasizes that Albania has maintained macroeconomic stability in the face of three major shocks – the earthquake, the pandemic, and the European energy crisis – demonstrating resilience and rapid recovery capacity.
Economic forecasts remain positive:
-Real GDP growth is expected to be 3.7% for 2025 and 3.5% for 2026, driven mainly by domestic consumption and investments in tourism and energy.
-The tourism sector will remain an important engine of the economy, improving services exports and construction investments.
Fiscal and public debt:
-Public debt fell to 54.2% of GDP in 2024, from 74.1% in 2021, and is expected to reach 53.5% in 2026.
-Moody's estimates that the authorities will respect fiscal rules and maintain the primary balance at least in balance.
Investments and risks:
-Foreign direct investment helps mitigate the current account deficit, which remains stable at around 2.4% of GDP.
-The financial sector remains capitalized and liquid, while potential risks are under control.
Moody's also underlines the importance of European Union funding and the gradual implementation of reforms, particularly in the rule of law, the fight against corruption and good governance, as key factors for accelerating Albania's EU accession process.
This reconfirmation demonstrates macroeconomic stability and progress in structural reforms, sending positive signals to international investors and supporting the country's strategic objectives for European integration.