The Contribution of the Industrial Sector in the Economic Growth of Albania - Economicus

by Prof. As. Dr. Mateo SPAHO

Abstract
Purpose: The goal is to find out if in Albania took place an “Industrial Revolution” who led the country economic growth or if economic growth was a consequence  of other components. Since 1998, Albania has experienced a significant economic growth. The GDP grew annually until 2024 almost without stops and recessions. Developed countries are recognized by a first economic analysis through what they produce. The base is a mechanized agriculture, and the biggest part of the workforce is employed in the service sector. The most important feature of a developed country is still a modern industrial sector. Industrial sectors symbolize the engine of economic growth and is a guarantee of economic stability in the medium and long term.

Methodology: The intention is to analyze whether the Albanian economic growth of the last twenty-seven years, was constant, continuous and healthy. We would like to see the performance of industrial activity in the country through regression analysis, and we will connect the course of Manufacturing, Mining and Construction to GDP product.

Findings: We will notice which of the sub-sectors of the industry and who was the most active and who has had the most difficult problems. It will highlight the weight of the industrial sector on the Albanian national economy and the limits.
Value: Finally, we will suggest a series of measures and strategies that tend to enhance the degree of organization and integration among the various sectors of industrial activity.
Keywords: Mining, Manufacturing, Construction, Gross Domestic Product, Development

https://doi.org/10.58944/dkyi8177