Economy of Albania. Statistics, Data and Indicators
Albania
| N/AN/A | Credit rank # |
| N/A | Quality of life # |
| 101 | Corruption rank#91 |
| 82 | Ease of doing business#63 |
Albania Major Economic Indicators
| Indicator | Data | Period |
|---|---|---|
| GDP Value | 18.26 USD Billion | 2021 |
| GDP Annual Growth Rate | 4.73 % | 4Q/22 |
| GDP Growth Rate | 0.2 % | 4Q/22 |
| GDP per capita | 4831 USD | 2021 |
| Inflation Rate YoY | 4.6 % | Apr/23 |
| Interest Rate | 3 % | Jun/23 |
| Unemployment Rate | 10.8 % | 4Q/22 |
| Wages | 66014 ALL/Month | 650.855 USD/Month | 4Q/22 |
| Balance of Trade | -40853 ALL Million | -0.403 B USD | Apr/23 |
| Current Account | -477 EUR Million | -0.511 B USD | 4Q/22 |
| Government Debt | 1326594 ALL Million | 13.079 B USD | 1Q/23 |
GDP Indicators
| Indicator | Data | Period |
|---|---|---|
| GDP Value | 18.26 USD Billion | 2021 |
| GDP Annual Growth Rate | 4.73 % | 4Q/22 |
| GDP Growth Rate | 0.2 % | 4Q/22 |
| GDP per capita | 4831 USD | 2021 |
| GDP Constant Prices | 431013 ALL Million | 4.25 B USD | 4Q/22 |
| GDP per capita PPP | 14519 USD | 2021 |
| GDP From Agriculture | 69262 ALL Million | 0.683 B USD | 4Q/22 |
| GDP From Construction | 47788 ALL Million | 0.471 B USD | 4Q/22 |
| GDP From Manufacturing | 30145 ALL Million | 0.297 B USD | 4Q/22 |
| GDP From Mining | 59360 ALL Million | 0.585 B USD | 4Q/22 |
| GDP From Public Administration | 51309 ALL Million | 0.506 B USD | 4Q/22 |
| GDP From Services | 67464 ALL Million | 0.665 B USD | 4Q/22 |
Budget Indicators
| Indicator | Data | Period |
|---|---|---|
| Government Debt to GDP | 67 % | 2022 |
| Government Budget Value | 33887 ALL Million | 0.334 B USD | Apr/23 |
| Government Spending | 49653 ALL Million | 0.49 B USD | 4Q/22 |
| Government Debt | 1326594 ALL Million | 13.079 B USD | 1Q/23 |
| Government Revenues | 206498 ALL Million | 2.036 B USD | Apr/23 |
| Fiscal Expenditure | 172611 ALL Million | 1.702 B USD | Apr/23 |
| Government Budget to GDP | -3.8 % | 2022 |
| Government Spending to GDP | 31.5 % | 2021 |
| Military Expenditure | 236 USD Million | 0.236 B USD | 2021 |
Inflation Indicators
| Indicator | Data | Period |
|---|---|---|
| Consumer Price Index (CPI) | 115 Index Points | Apr/23 |
| Food Inflation | 10.1 % | Apr/23 |
| Gasoline Prices | 1.81 USD/Liter | Apr/23 |
| Inflation Rate YoY | 4.6 % | Apr/23 |
| Producer Prices | 128 Index Points | 4Q/22 |
| Inflation Rate Mom | 0.03 % | Apr/23 |
| CPI Housing Utilities | 105 Index Points | Apr/23 |
| CPI Transportation | 111 Index Points | Apr/23 |
| Harmonised Consumer Prices | 116 Index Points | Apr/23 |
| Producer Prices Change | 21.4 % | 4Q/22 |
Trade Indicators
| Indicator | Data | Period |
|---|---|---|
| Current Account to GDP | -7.8 % | 2022 |
| Balance of Trade | -40853 ALL Million | -0.403 B USD | Apr/23 |
| Capital Flows | -276 EUR Million | -295582.344 B USD | 4Q/22 |
| Current Account | -477 EUR Million | -0.511 B USD | 4Q/22 |
| Exports | 33972 ALL Million | 0.335 B USD | Apr/23 |
| External Debt | 9799 EUR Million | 10.494 B USD | 4Q/22 |
| Imports | 74825 ALL Million | 0.738 B USD | Apr/23 |
| Tourist Arrivals | 1070564 Persons | 1.071 Million Persons | 1Q/23 |
Money Indicators
| Indicator | Data | Period |
|---|---|---|
| Bank Lending Rate | 4.77 % | Dec/22 |
| Gold Reserves | 3.11 Tonnes | 1Q/23 |
| Interest Rate | 3 % | Jun/23 |
| Loans to Private Sector | 405170 ALL Million | 3.995 B USD | Mar/23 |
| Money Supply M0 | 613504 ALL Million | 6.049 B USD | Mar/23 |
| Money Supply M1 | 728380 ALL Million | 7.181 B USD | Mar/23 |
| Money Supply M2 | 932028 ALL Million | 9.189 B USD | Mar/23 |
| Money Supply M3 | 1651678 ALL Million | 16.284 B USD | Mar/23 |
| Central Bank Balance Sheet | 706528 ALL Million | 6.966 B USD | Apr/23 |
| Deposit Interest Rate | 2 % | May/23 |
| Foreign Direct Investment | 388 EUR Million | 0.416 B USD | 4Q/22 |
Labor Indicators
| Indicator | Data | Period |
|---|---|---|
| Minimum Wages | 34000 ALL/Month | 335.218 USD/Month | 4Q/22 |
| Retirement Age Men | 65 yers | 2022 |
| Retirement Age Women | 61.33 yers | 2022 |
| Unemployment Rate | 10.8 % | 4Q/22 |
| Wages | 66014 ALL/Month | 650.855 USD/Month | 4Q/22 |
| Youth Unemployment Rate | 21.5 % | 4Q/22 |
| Employed Persons | 1317 Thousand Person | 1.317 Million Person | 4Q/22 |
| Employment Rate | 66.5 % | 4Q/22 |
| Labor Force Participation Rate | 74.8 % | 4Q/22 |
| Unemployed Persons | 160 Thousand Persons | 0.16 Million Persons | 4Q/22 |
Taxes
| Indicator | Data | Period |
|---|---|---|
| Corporate Tax Rate | 15 % | 2023 |
| Personal Income Tax Rate | 23 % | 2023 |
| Sales Tax Rate | 20 % | 2023 |
| Social Security Rate | 24.5 % | 2023 |
| Social Security Rate For Companies | 15 % | 2023 |
| Social Security Rate For Employees | 9.5 % | 2023 |
Production Indicators
| Indicator | Data | Period |
|---|---|---|
| Crude Oil Production | 14 BBL/D/1K | Jan/23 |
| Industrial Production | 0.5 % | 4Q/22 |
| Mining Production | -23.1 % | 4Q/22 |
Business Indicators
| Indicator | Data | Period |
|---|---|---|
| Business Confidence | 5.04 Index Points | 1Q/23 |
| Corruption Index | 36 Index Points | 2022 |
| Corruption Rank | 101 place | 2022 |
| Ease of Doing Business | 82 place | 2019 |
| Manufacturing Production | 6.95 % | 4Q/22 |
| Competitiveness Index | 57.61 Index Points | 2019 |
| Competitiveness Rank | 81 | 2019 |
| Economic Optimism Index | 115 Index Points | 1Q/23 |
Consumer Indicators
| Indicator | Data | Period |
|---|---|---|
| Consumer Confidence | -24.32 Index Points | 1Q/23 |
| Retail Sales YoY | 2.1 % | Dec/22 |
| Consumer Credit | 255575 ALL Million | 2.52 B USD | Mar/23 |
| Consumer Spending | 298786 ALL Million | 2.946 B USD | 4Q/22 |
Housing Market
| Indicator | Data | Period |
|---|---|---|
| Construction Output | 18.5 % | 4Q/22 |
