Average wage decreased

According to INSTAT, the average wage in Albania fell in the second trimester of this year with 8.4%, compared to the same period of one year ago, and this included the entire private sector.

The real wages in the state administration, according to INSTAT, increased with 5.3%. The large shrinking of the private sector economy is an effort of businesses to cut costs in a difficult economic time. But this has directly damaged the revenues of families.

According to the World Bank, the wages are the biggest source of revenues in a family in Albania, and more than 40% of the total. But wages are not the only one indicator regressing. Other important sources, such as remittances and small business revenues have also decreased, which means that the crisis is damaging the budget of Albanian families.

Bank of Albania notes that the indicator of available income, which measures the net income of families, without the taxes, has been slowed down each year. This tendency is a non-optimistic signal for the economy, fading this way the hopes for revival of consumption and economic growth.

NDS: Economic indicators deteriorating

The New Democratic Spirit declared that the economic indicators in the country have deteriorated. According to this party, 40% of the population lives with 2 dollars per day.

“The general macro-economic indicators have deteriorated. The balance of wages has decreased, causing the deficit to increase to 320 million EUR, when the trade deficit in this period is 140 million EUR. The public debt has increased in comparison tot he low predictions planned in the encashment of 2013, compared to 2012.

“During the two mandates that this majority has government, there has been a high unemployment level has been high, although the government has declared that this figure is up to 13.2%. The high level of unemployment is proved by the fact that 40% of the population lives in minimal conditions”, declared Alfre Cako, Director of Economic Policies at the NDS.

Top Channel