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Economy of Albania. Statistics, Data and Indicators

flag
Albania
N/AN/A Credit rank #
N/A Quality of life #
106 Corruption rank#91
82 Ease of doing business#63
Albania


Albania Major Economic Indicators

Indicator Data Period
GDP Value 15.28 USD Billion 2019
GDP Annual Growth Rate -2.52 % 1Q/20
GDP Growth Rate -0.3 % 1Q/20
GDP per capita 5209 USD 2019
Inflation Rate YoY 1.3 % Aug/20
Interest Rate 0.5 % Aug/20
Unemployment Rate 12.5 % 2Q/20
Wages 54149 ALL/Month | 510.454 USD/Month 2Q/20
Balance of Trade -28686 ALL Million | -0.27 B USD Aug/20
Current Account -378 EUR Million | -0.442 B USD 2Q/20
Government Debt 1219669 ALL Million | 11.498 B USD 2Q/20


GDP
vvp
15.28
B USD
#123 from 174 countries
GDP per capita
vvp
5209
USD
#93 from 169 countries


GDP Indicators

Indicator Data Period
GDP Value 15.28 USD Billion 2019
GDP Annual Growth Rate -2.52 % 1Q/20
GDP Growth Rate -0.3 % 1Q/20
GDP per capita 5209 USD 2019
GDP Constant Prices 383471 ALL Million | 3.615 B USD 1Q/20
GDP per capita PPP 13962 USD 2019
GDP From Agriculture  67536 ALL Million | 0.637 B USD 1Q/20
GDP From Construction  31440 ALL Million | 0.296 B USD 1Q/20
GDP From Manufacturing  23757 ALL Million | 0.224 B USD 1Q/20
GDP From Mining  49879 ALL Million | 0.47 B USD 1Q/20
GDP From Public Administration  43974 ALL Million | 0.415 B USD 1Q/20
GDP From Services  61073 ALL Million | 0.576 B USD 1Q/20


Budget Indicators

Indicator Data Period
Government Debt to GDP 63.63 % 2018
Government Budget Value -2850 ALL Million | -0.027 B USD Aug/20
Government Spending 39688 ALL Million | 0.374 B USD 1Q/20
Government Debt 1219669 ALL Million | 11.498 B USD 2Q/20
Government Revenues 270702 ALL Million | 2.552 B USD Aug/20
Fiscal Expenditure  322954 ALL Million | 3.044 B USD Aug/20
Government Budget to GDP -1.6 % 2018
Government Spending to GDP 28.9 % 2018
Military Expenditure 160 USD Million | 0.16 B USD 2018


Inflation Indicators

Indicator Data Period
Consumer Price Index (CPI) 108 Index Points Aug/20
Food Inflation 3.1 % Aug/20
Gasoline Prices 1.61 USD/Liter Aug/20
Inflation Rate YoY 1.3 % Aug/20
Producer Prices 99 Index Points 2Q/20
Inflation Rate Mom 0.2 % Aug/20
CPI Housing Utilities 107 Index Points Aug/20
CPI Transportation 98.4 Index Points Aug/20
Harmonised Consumer Prices 110 Index Points Aug/20
Producer Prices Change  -4.1 % 2Q/20


Trade Indicators

Indicator Data Period
Current Account to GDP -6.3 % 2018
Balance of Trade -28686 ALL Million | -0.27 B USD Aug/20
Capital Flows -1087 EUR Million | -1271464 B USD 2Q/20
Current Account -378 EUR Million | -0.442 B USD 2Q/20
Exports 19386 ALL Million | 0.183 B USD Aug/20
External Debt 8908 EUR Million | 10.42 B USD 2Q/20
Imports 48072 ALL Million | 0.453 B USD Aug/20
Tourist Arrivals 208171 Persons | 0.208 Million Persons 2Q/20


Money Indicators

Indicator Data Period
Bank Lending Rate 3.79 % May/20
Gold Reserves 2.8 Tonnes 2Q/20
Interest Rate 0.5 % Aug/20
Loans to Private Sector 349899 ALL Million | 3.298 B USD May/20
Money Supply M0 482049 ALL Million | 4.544 B USD Jul/20
Money Supply M1 586850 ALL Million | 5.532 B USD Jul/20
Money Supply M2 815158 ALL Million | 7.684 B USD Jul/20
Money Supply M3 1380156 ALL Million | 13.011 B USD Jul/20
Central Bank Balance Sheet 661764 ALL Million | 6.238 B USD Jun/20
Deposit Interest Rate 0.1 % Aug/20
Foreign Direct Investment 227 EUR Million | 0.266 B USD 1Q/20


Labor Indicators

Indicator Data Period
Minimum Wages 26000 ALL/Month | 245.098 USD/Month 2Q/20
Retirement Age Men 65 yers 2018
Retirement Age Women 60.67 yers 2018
Unemployment Rate 12.5 % 2Q/20
Wages 54149 ALL/Month | 510.454 USD/Month 2Q/20
Youth Unemployment Rate 21.4 % 2Q/20
Employed Persons 1105 Thousand Person | 1.105 Million Person 2Q/20
Employment Rate  59.6 % 2Q/20
Labor Force Participation Rate 68.1 % 2Q/20
Unemployed Persons 85 Thousand Persons | 0.085 Million Persons 2Q/20


Taxes



Production Indicators

Indicator Data Period
Crude Oil Production 14 BBL/D/1K May/20
Industrial Production -11.2 % 1Q/20
Mining Production -18.7 % 1Q/20


Business Indicators

Indicator Data Period
Business Confidence -29.7 Index Points 2Q/20
Corruption Index 35 Index Points 2019
Corruption Rank 106 place 2019
Ease of Doing Business 82 place 2019
Manufacturing Production -8 % 1Q/20
Competitiveness Index 57.61 Index Points 2019
Competitiveness Rank 81 2019
Economic Optimism Index 52.6 Index Points 2Q/20


Consumer Indicators

Indicator Data Period
Consumer Confidence -21.8 Index Points 2Q/20
Retail Sales YoY -22.8 % Mar/20
Consumer Credit 189890 ALL Million | 1.79 B USD May/20
Consumer Spending 270287 ALL Million | 2.548 B USD 1Q/20


Housing Market

Indicator Data Period
Construction Output -9.7 % 1Q/20


Government Debt
dept_icon
11.498
B USD
#51 from 65 countries
Balance of Trade
balance_icon
-0.27
B USD
#93 from 173 countries


Gold Reserves
gold_reserve_icon
2.8
Tonnes
#88 from 114 countries
Foreign Exchange Reserves
gold_reserve_icon
N/A
N/A
#N/A from N/A countries


Government Budget Value
balance_icon
-0.027
B USD
#46 from 113 countries
Inflation Rate
inflation_icon
1.3
%
#110 from 174 countries


Interest Rate
discount_rate_icon
0.5
%
#127 from 159 countries
Bank Lending Rate
credit_rate_icon
3.79%
#28 from 55 countries


Unemployment Rate
unemployment_icon
12.5
%
#35 from 171 countries
Wages
salary_icon
510.454
USD/Month
#64 from 82 countries


Retirement Age
man_icon
woman_icon
65
60.67
men
women
Taxes
company_icon
private_icon
15%
23%
company profits
income of individuals