S&P reaffirms Albania's rating at "BB"/ Tourism will continue to remain the main pillar of growth
The credit rating agency "Standard & Poor's Global Ratings", in its latest report published on September 19, 2025, has reaffirmed Albania's long-term sovereign credit rating at "BB", also confirming a "stable" outlook.
This assessment reflects the agency's strong confidence in Albania's macroeconomic stability and the resilience of the economy in the face of global challenges.
The agency emphasizes that Albania's fiscal discipline and strong foreign exchange reserves support the country's macroeconomic stability. S&P assesses that economic growth prospects remain resilient, supported by private investment and the EU accession process.
In terms of economic growth, S&P forecasts an expansion of real GDP by about 3.6% in 2025, driven by sustained household spending supported by rising real wages.
Tourism will continue to be a key pillar of growth, although its relative contribution will moderate as the sector matures. For the period 2026-2028, the agency forecasts GDP growth to average 3.5% per year.
In terms of public finances, S&P appreciates the prudent fiscal policy that the government is expected to follow after the parliamentary elections. The agency projects that the general government deficit will average around 2% of GDP until 2028, keeping public debt sustainable and on a gradual downward trajectory to around 51% of GDP in 2028. This prudent fiscal approach, together with economic growth, will ensure the stability of public finances.
A positive development highlighted by S&P is the acceleration of Albania's EU accession process, with 24 out of 33 negotiation chapters currently open, including the Competitiveness and Inclusive Growth cluster. The European Commission has also approved €920 million in potential financing for Albania under the €6 billion Western Balkans Growth Plan.
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