What the Tyrians Live With

What the Tyrians Live With

Tirana's domestic production of Bruto amounted to 4 billion euros in 2015, making 40 per cent of GDP nationally high, according to the national account update for regions INTAT has recently made. But do you know what sectors keep the capitals busy? (Producing [...]

Tirana's domestic production of Bruto amounted to 4 billion euros in 2015, making 40 per cent of GDP nationally high, according to the national account update for regions INTAT has recently made.

But do you know what sectors keep the capitals busy? (The gross domestic production is an economic indicator that represents the market prices of all material goods and services produced within one state in one year).

Data shows that the capital's GDP economy is dominated by trade and hotel sectors that contribute 22 percent, construction by 13 percent, and public administration activity at 14.7 percent.

Focusing on government offices in the capital is an advantage Tirana's economy has compared to other ordinary cities.

Unlike other counties Tirana is a developing city, both demographically and stemming from economic developments.

Because of continued population growth and the concentration of economic activity, the capital has had higher growth rates than other cities in the country where natural resources may have been richer.

Continued expansion has caused the building sector and related activities to occupy a significant part of the economic activity in the capital. Real estate activities and the construction sector occupy about 21 percent of the economy.

Agriculture is not at all on the radar of the capital economy, with 4.7% of the total, up from nearly 20% that is the burden of this sector for the entire Albanian economy.

During 2010-2015 Tirana's economy has had a positive growth rate, while several other cities, especially the north and Elbasan circles, have undergone lower growth rates and in several years of decline.

In 2015, the capital's economy expanded by 5%, but the highest growth rates had Debar's economy at 11% and Durres by 8.2 percent.

Tirana's per capita income is 4,860 euros, or 35% of the EU average. /Monitor/

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