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  3. Albania

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 -10.23 % 2Q/20
GDP Growth Rate -8.8 % 2Q/20
GDP per capita 5209 USD 2019
Inflation Rate YoY 2 % Oct/20
Interest Rate 0.5 % Nov/20
Unemployment Rate 12.5 % 2Q/20
Wages 54149 ALL/Month | 519.141 USD/Month 2Q/20
Balance of Trade -32526 ALL Million | -0.312 B USD Oct/20
Current Account -378 EUR Million | -0.45 B USD 2Q/20
Government Debt 1211227 ALL Million | 11.612 B USD 3Q/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 -10.23 % 2Q/20
GDP Growth Rate -8.8 % 2Q/20
GDP per capita 5209 USD 2019
GDP Constant Prices 344085 ALL Million | 3.299 B USD 2Q/20
GDP per capita PPP 13962 USD 2019
GDP From Agriculture  68397 ALL Million | 0.656 B USD 2Q/20
GDP From Construction  30929 ALL Million | 0.297 B USD 2Q/20
GDP From Manufacturing  21073 ALL Million | 0.202 B USD 2Q/20
GDP From Mining  46578 ALL Million | 0.447 B USD 2Q/20
GDP From Public Administration  41585 ALL Million | 0.399 B USD 2Q/20
GDP From Services  43752 ALL Million | 0.419 B USD 2Q/20


Budget Indicators

Indicator Data Period
Government Debt to GDP 65.9 % 2019
Government Budget Value -65486 ALL Million | -0.628 B USD Oct/20
Government Spending 39688 ALL Million | 0.38 B USD 1Q/20
Government Debt 1211227 ALL Million | 11.612 B USD 3Q/20
Government Revenues 347167 ALL Million | 3.328 B USD Oct/20
Fiscal Expenditure  412653 ALL Million | 3.956 B USD Oct/20
Government Budget to GDP -1.9 % 2019
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 Oct/20
Food Inflation 4.9 % Oct/20
Gasoline Prices 1.59 USD/Liter Oct/20
Inflation Rate YoY 2 % Oct/20
Producer Prices 99 Index Points 2Q/20
Inflation Rate Mom 0.2 % Oct/20
CPI Housing Utilities 107 Index Points Oct/20
CPI Transportation 97.8 Index Points Oct/20
Harmonised Consumer Prices 110 Index Points Sep/20
Producer Prices Change  -4.1 % 2Q/20


Trade Indicators

Indicator Data Period
Current Account to GDP -7.6 % 2019
Balance of Trade -32526 ALL Million | -0.312 B USD Oct/20
Capital Flows -1087 EUR Million | -1293324 B USD 2Q/20
Current Account -378 EUR Million | -0.45 B USD 2Q/20
Exports 26779 ALL Million | 0.257 B USD Oct/20
External Debt 8908 EUR Million | 10.599 B USD 2Q/20
Imports 59304 ALL Million | 0.569 B USD Oct/20
Tourist Arrivals 208171 Persons | 0.208 Million Persons 2Q/20


Money Indicators

Indicator Data Period
Bank Lending Rate 3.73 % Sep/20
Gold Reserves 2.8 Tonnes 2Q/20
Interest Rate 0.5 % Nov/20
Loans to Private Sector 357486 ALL Million | 3.427 B USD Sep/20
Money Supply M0 495518 ALL Million | 4.751 B USD Sep/20
Money Supply M1 598540 ALL Million | 5.738 B USD Sep/20
Money Supply M2 825460 ALL Million | 7.914 B USD Sep/20
Money Supply M3 1407470 ALL Million | 13.494 B USD Sep/20
Central Bank Balance Sheet 657923 ALL Million | 6.308 B USD Oct/20
Deposit Interest Rate 0.1 % Nov/20
Foreign Direct Investment 227 EUR Million | 0.27 B USD 1Q/20


Labor Indicators

Indicator Data Period
Minimum Wages 26000 ALL/Month | 249.269 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 | 519.141 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

Indicator Data Period
Corporate Tax Rate 15 % 2018
Personal Income Tax Rate 23 % 2018
Sales Tax Rate 20 % 2020
Social Security Rate 24.5 % 2019
Social Security Rate For Companies 15 % 2019
Social Security Rate For Employees 9.5 % 2019


Production Indicators

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


Business Indicators

Indicator Data Period
Business Confidence -20.3 Index Points 3Q/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 75.3 Index Points 3Q/20


Consumer Indicators

Indicator Data Period
Consumer Confidence -18.3 Index Points 3Q/20
Retail Sales YoY 8.2 % Jun/20
Consumer Credit 195280 ALL Million | 1.872 B USD Sep/20
Consumer Spending 270287 ALL Million | 2.591 B USD 1Q/20


Housing Market

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


Government Debt
dept_icon
11.612
B USD
#51 from 65 countries
Balance of Trade
balance_icon
-0.312
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
-0.628
B USD
#46 from 113 countries
Inflation Rate
inflation_icon
2
%
#110 from 174 countries


Interest Rate
discount_rate_icon
0.5
%
#127 from 159 countries
Bank Lending Rate
credit_rate_icon
3.73%
#28 from 55 countries


Unemployment Rate
unemployment_icon
12.5
%
#35 from 171 countries
Wages
salary_icon
519.141
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


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