Construction Sector in Albania
In January 2011, the American Chamber of Commerce in Albania announced it expected the upward trend in infrastructure construction to continue in the short run and to compensate for the decline in construction of private buildings induced by the saturation of real estate market.
In the third quarter of 2010 construction recorded a 22% year-on-year decrease in terms of value, and was the only sector in the Albanian economy with a negative growth rate of -2.5% compared to the previous quarter. The sector shred some 20% off its value in the period mainly due to a contraction in private construction. The Albanian Institute of Statistics (INSTAT) reported a significant decrease of 21.1% on a yearly basis in the value added of construction in the first quarter of 2010. The growth in the first two quarters of 2009 was mainly driven by civil engineering projects financed predominantly from public sources. The construction confidence index decreased continually throughout 2009. In the fourth quarter it went down by 13 percentage points compared to the third quarter, falling to its lowest level since 2002 when its measurement started.
In the third quarter of 2010 construction recorded a 22% year-on-year decrease in terms of value, and was the only sector in the Albanian economy with a negative growth rate of -2.5% compared to the previous quarter. The sector shred some 20% off its value in the period mainly due to a contraction in private construction. The Albanian Institute of Statistics (INSTAT) reported a significant decrease of 21.1% on a yearly basis in the value added of construction in the first quarter of 2010. The growth in the first two quarters of 2009 was mainly driven by civil engineering projects financed predominantly from public sources. The construction confidence index decreased continually throughout 2009. In the fourth quarter it went down by 13 percentage points compared to the third quarter, falling to its lowest level since 2002 when its measurement started.
Contents
CHAPTER 1 - OVERVIEWSection 1. Industry Overview
Section 2. Economy Overview
Table 1: Main Economic Indicators – Albania;
Table 2: Share of Construction Works in GDP (in mln ALL)
Section 3. Geography
Section 4. Major Developments
Regulations
Other
CHAPTER 2 – LEADING COMPANIES
Table 1: Active Companies by Economic Activity and Size, 2009 (end of year);
Table 2: Leading Construction Companies in 2009
CHAPTER 3 – EMPLOYMENT
Table 1: Number of Employees by Economic Activity, end of period;
Table 2: Average Monthly Wage per Employee (in ALL)
CHAPTER 4 – SUPPLY
Table 1: Building Permits by Type of Building and Floor Area (in sq m);
Table 2: Building Permits by Type of Construction and Value (in mln ALL);
Table 3: Construction Cost Index, quarterly (Q IV 1999=100)
Section 1. Construction of Buildings
Table 1: Number of Completed Residential Buildings
Section 2. Transport & Infrastructure
Table 1: Implementation Status of Subprojects in September 2010;
Table 2: Completed Subprojects as of September 2010;
Table 3: Subprojects of Community Works III Programme
CHAPTER 5 – DEMAND
Section 1. Transport & Infrastructure
Table 1: Railway Transport of Goods and Passengers;
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Table 2: International Sea Transport of Goods and Passengers
CHAPTER 6 – INVESTMENTS
Table 1: Building Permits by Type of Construction and Type of Client (2007 – 2009) in mln ALL;
Table 2: Loans for Construction in bln ALL (end of period)
Section 1. Companies
Section 2. Transport & Infrastructure
Table 1: Investments in National Road Network (in bln ALL)
CHAPTER 7 – ASSOCIATED INDUSTRIES AND FACTORS
Table 1: Share of Tourism in Total GDP;
Table 2: Foreign and Domestic Arrivals;
Table 3: Foreign Visitors
Section 1. Factors
CHAPTER 8 – FORECASTS
CHAPTER 9 – INDUSTRY REFERENCES
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