In the almost three months after most of the population of Albania has been locked down due to the strong quarantine in order to curb the spread of Covid-19, the costs were significantly reduced (as most of the shops were closed), while about 50,000 others turned out to be unemployed in the second quarter, according to Albanian statistics, and had no income to spend.
The Institute of Statistics of Albania (INSTAT) data shows that in the second quarter of 2020, the final consumption of the population was reduced by 7.57% that the same period a year ago, or in absolute value is about 210 million euros spent little on coffee and restaurants, clothing , entertainment trips, or other products and services, which were either not necessary or due to closure were impossible to perform.
In total, in the second quarter of 2020, the final consumption of the population was about 2.6 billion euros, up from 2.81 billion euros in the same period a year earlier. This is the highest contraction in at least five years. Since 2015, consumption had been steadily increasing, according to INSTAT statistics.