INSURRECTION/ SP MPs rebel, drag Gjati to vote on territorial division!

 Kliko këtu për të tjera
Voxpress:

2026-10-13 07:57:00Biznes SHKRUAR NGA REDAKSIA VOX

Emigration, an aging population, and a lack of a workforce with the skills required by businesses continue to limit the country's economic growth potential.

Despite improvements over the last decade, the labor market is showing signs of weakening, while the participation of women and youth in employment remains one of the main challenges for the economy.

In the Poverty & Equity Brief report published on October 9, 2026, the World Bank highlights that improving labor markets have been an important factor in reducing poverty, but the latest indicators signal a slowdown.

"Continued emigration, an aging population, and a mismatch of skills with market demands continue to constrain labor supply and productivity growth," the report states.

In the first quarter of 2026, labor force participation for the 15–64 age group fell to 76.2%, a decrease of 0.5 percentage points compared to a year earlier.

The employment rate for the population over 15 years old was 58%, or 0.3 percentage points lower year-on-year, while unemployment stood at 8.4%. The problems are more pronounced for women and young people, who continue to have lower participation and employment rates compared to men of prime working age.

"Better utilization of Albania's human capital, particularly through increased participation of women in the labor market and greater employment opportunities for youth, will be crucial for maintaining economic growth, accelerating poverty reduction, and catching up with higher-income countries," the World Bank estimates.

According to the institution, eliminating gender gaps in employment alone could generate an estimated 12% increase in Gross Domestic Product per capita in the long term.

Despite these challenges, poverty in Albania is expected to continue declining through 2026, supported by economic growth and improvements in the labor market to date.

The World Bank estimates that the poverty rate has fallen from 25% in 2024 to 23.1% in 2025, while it is projected to reach 21.6% this year. The indicator is based on the international poverty line of $8.30 per person per day, according to 2021 purchasing power parity, which is used for upper-middle-income countries.

However, the institution clarifies that these are statistical estimates and not direct measurements, as the most recent household survey used to measure poverty dates back to 2018. The report also highlights the large income gap with international welfare standards.

"Albania continues to face a significant challenge in catching up with income levels," the World Bank emphasizes.

The prosperity gap indicator was 4.1 in 2018, which means that average incomes need to increase almost fourfold to reach the global prosperity standard of $28 per person per day./ Monitor


Në përputhje me standarded JTI

Video

SHIKO KANALIN NE YOUTUBE
×