The two cities with the largest revenue decline and the two cities with the largest increase
Durrës and Fieri were the two counties that marked the largest decline in per capita income during the pandemic year 2020, INSTAT reported.
Due to a double crisis, first the earthquake and then the pandemic, Durrës County experienced a deeper economic crisis than other counties during 2020. As a result, per capita income in the coastal county reached 4550 euros in 2020, with a decrease of 5.3% compared to 2019.
Fier region was the second with the largest decline in per capita income by -4.6% in 2020, mainly due to the pandemic and the decline of industrial activity (oil) in this region. Further, Lezha and Dibra were the counties that experienced decline, respectively by 4 and 3.8%.
In contrast, Elbasan, Kukes and Berat marked an increase in per capita income, respectively 1.4% and 0.6%. The economy of Kukës Region is in a systematic decline in recent years, but in 2020 the decline was lower than in 2019. As the region is rapidly depopulated by external and internal emigration, per capita income has increased slightly. .
In the Northern Region, which includes the regions of Shkodra, Kukes, Dibra, Lezha and Durres, GDP per capita was estimated at 465 thousand Lekë, marking a decrease in nominal terms by -3.37%, compared to 2019. GDP per capita of this The region was -19.76% below the national average.
In the center region, which includes the regions of Tirana and Elbasan, GDP per capita was estimated at 695 thousand Lekë, marking a decrease in nominal terms by -2.30%, compared to 2019.
In the South region, GDP per capita was estimated at 527 thousand Lekë, marking a decrease in nominal terms by -1.72%, compared to 2019.
During the pandemic year Albania had incomes of only 30% of the European Union average and 39% of individual per capita consumption, indicating that Albanian households have the lowest welfare in Europe.
Since 2016, Gross Domestic Product per capita has remained at the level of 30% of the European average, not making progress in the so-called convergence process, which means that our country should grow faster than the European average, so to catch up with the EU average as soon as possible.
On the contrary, in 2020 the gap with other countries in the region has deepened. After Albania is Bosnia-Herzegovina, with 33% of the European average. In 2016, the difference between these two poorest countries in Europe was 1 percentage point, while in 2020 it has widened to three percentage points.
Northern Macedonia has the indicator at 38% of the European average (from 37% in 2016), Serbia 43% (from 39% in 2016) and the highest is in Montenegro, with 45% of the European average , although with a significant decrease from the previous year, when it resulted in 50%.
This article was published by Monitor.al and reposted by Tiranapost.al