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Albania

Headline economic indicators for Albania, with the most recent official readings.

Prices

Prices — Albania
Indicator Value Change
Inflation rate · 2.1% -0.07 (-3.1%)
Consumer price index · 144.1 +3.03 (+2.1%)
Inflation rate (monthly) · 2.7% -0.30 (-10.0%)
Harmonised consumer price index · 137.8 +0.56 (+0.4%)
Producer prices, year on year (monthly) · -1.7% -0.20 (-13.3%)
GDP deflator inflation · 1.4% -0.91 (-38.6%)

GDP

GDP — Albania
Indicator Value Change
GDP growth rate · 3.8% -0.26 (-6.4%)
GDP per capita · 12,998.15 +1,624 (+14.3%)
GDP growth, quarter on quarter · 0.8% +0.00 (+0.0%)
GDP growth, year on year (quarterly) · 3.6% -0.10 (-2.7%)
Industrial production, year on year (monthly) · 3.9% -10.60 (-73.1%)
Retail sales volume, year on year (monthly) · 7.0% +0.60 (+9.4%)
Economic sentiment indicator (monthly) · 107.9 +1.40 (+1.3%)
Consumer confidence (monthly) · -7.9 +0.40 (+4.8%)
GDP per capita, long-run history · 12,978 +522.18 (+4.2%)
GDP · 30,540,188,271.34 +3,502,714,008 (+13.0%)
GDP, PPP · 66,307,015,661 +2,833,502,589 (+4.5%)
GDP per capita, PPP · 28,221 +1,519 (+5.7%)
GDP per capita growth · 5.0% -0.55 (-9.9%)
GNI per capita · 12,060 +2,150 (+21.7%)
Agriculture to GDP · 14.8% -0.65 (-4.2%)
Industry to GDP · 21.8% -0.57 (-2.5%)
Manufacturing to GDP · 6.0% -0.47 (-7.3%)
Services to GDP · 49.7% +1.03 (+2.1%)
Household consumption to GDP · 69.2% -0.32 (-0.5%)
Gross capital formation to GDP · 25.0% +1.51 (+6.5%)
Gross savings to GDP · 22.8% +0.31 (+1.4%)

Labour

Labour — Albania
Indicator Value Change
Unemployment rate · 10.9% +0.24 (+2.2%)
Labour force participation rate · 64.3% +0.26 (+0.4%)
Female labour force participation rate · 58.6% +0.41 (+0.7%)
Youth unemployment rate · 25.6% -0.02 (-0.1%)
Employment to population ratio · 57.2% +0.08 (+0.1%)
Employment in agriculture · 30.8% -0.65 (-2.1%)
Employment in industry · 22.0% +0.19 (+0.9%)
Employment in services · 47.2% +0.47 (+1.0%)

Money

Money — Albania
Indicator Value Change
Real interest rate · 4.0% +3.41 (+584.0%)
Broad money to GDP · 70.9% -0.92 (-1.3%)
Private sector credit to GDP · 36.4% +2.27 (+6.7%)
Lending rate · 6.4% +0.09 (+1.4%)
Bank deposit rate · 1.9% +0.52 (+38.3%)
Bank nonperforming loans · 3.6% -0.36 (-8.9%)
Official exchange rate · 86.8 -6.32 (-6.8%)

Trade

Trade — Albania
Indicator Value Change
Current account to GDP · -0.5% +1.87 (+78.0%)
Exports to GDP · 37.0% +0.73 (+2.0%)
Imports to GDP · 42.5% -0.65 (-1.5%)
Trade to GDP · 79.5% +0.08 (+0.1%)
Exports of goods and services · 11,304,181,754.17 +1,493,669,763 (+15.2%)
Imports of goods and services · 12,985,289,569.47 +1,313,274,781 (+11.3%)
Trade balance, goods and services (annual) · -1,646,382,849.13 +201,681,326 (+10.9%)
Current account balance (annual) · -160,910,426.8 +486,999,335 (+75.2%)
Foreign direct investment to GDP · 6.1% -0.26 (-4.1%)
Remittances received to GDP · 8.4% -0.02 (-0.3%)
Total reserves, including gold · 8,601,612,921.36 +2,086,031,394 (+32.0%)
Reserves in months of imports · 7.2 +1.17 (+19.3%)
External debt to GNI · 39.7% -8.96 (-18.4%)

Government

Government — Albania
Indicator Value Change
Government debt to GDP · 50.0% -3.06 (-5.8%)
Government revenue to GDP · 26.1% +1.36 (+5.5%)
Government expense to GDP · 25.4% -1.57 (-5.8%)
Tax revenue to GDP · 18.0% +0.21 (+1.2%)
Government budget balance to GDP · -1.0% +0.37 (+26.1%)
Government consumption to GDP · 12.8% +0.43 (+3.4%)
Education spending to GDP · 3.1% +0.36 (+13.3%)
Health spending to GDP · 7.1% -0.48 (-6.4%)

Demography

Demography — Albania
Indicator Value Change
Population · 2,349,580 -27,548 (-1.2%)
Population, long-run history · 2,787 -12.15 (-0.4%)
Population growth · -1.2% +0.28 (+19.2%)
Life expectancy · 79.8 +0.17 (+0.2%)
Fertility rate · 1.34 -0.01 (-0.5%)
Birth rate · 10.1 -0.11 (-1.1%)
Death rate · 8.5 +0.13 (+1.5%)
Urban population share · 58.9% +0.33 (+0.6%)
Population aged 65 and over · 17.6% +0.70 (+4.1%)
Under-five mortality rate · 9.2 -0.20 (-2.1%)
Population density · 86.8 -1.26 (-1.4%)
Net migration · -24,230 +242.00 (+1.0%)
Gini index · 29.4 -0.70 (-2.3%)

Source: Bolt, J. and van Zanden, J.L. (2024), Maddison style estimates of the evolution of the world economy: A new 2023 update, Journal of Economic Surveys, 1-41, DOI 10.1111/joes.12618. Licensed under CC BY 4.0. The original sources are listed on each page.

All data sources

Original sources of these estimates

GDP pc: 2008 - 2022: Total Economy Database the Conference Board for all countries included in TED. Otherwise UN national accounts statistics

No separate list is published for Albania; the database as a whole is cited above.

Economies nearby

Comparable readings from neighbouring economies.