Economy of Albania. Statistics, Data and Indicators
Albania
| N/AN/A | Credit rank # |
| N/A | Quality of life # |
| 104 | Corruption rank#91 |
| 82 | Ease of doing business#63 |
Albania Major Economic Indicators
| Indicator | Data | Period |
|---|---|---|
| GDP Value | 14.8 USD Billion | 2020 |
| GDP Annual Growth Rate | 5.53 % | 1Q/21 |
| GDP Growth Rate | 2.3 % | 1Q/21 |
| GDP per capita | 5064 USD | 2020 |
| Inflation Rate YoY | 1.6 % | Jun/21 |
| Interest Rate | 0.5 % | Jul/21 |
| Unemployment Rate | 12.6 % | 1Q/21 |
| Wages | 56019 ALL/Month | 541.912 USD/Month | 1Q/21 |
| Balance of Trade | -29086 ALL Million | -0.281 B USD | May/21 |
| Current Account | -309 EUR Million | -0.365 B USD | 1Q/21 |
| Government Debt | 1220922 ALL Million | 11.811 B USD | 1Q/21 |
GDP
14.8
B USD
#123 from 174 countries
GDP per capita
5064
USD
#93 from 169 countries
GDP Indicators
| Indicator | Data | Period |
|---|---|---|
| GDP Value | 14.8 USD Billion | 2020 |
| GDP Annual Growth Rate | 5.53 % | 1Q/21 |
| GDP Growth Rate | 2.3 % | 1Q/21 |
| GDP per capita | 5064 USD | 2020 |
| GDP Constant Prices | 394702 ALL Million | 3.818 B USD | 1Q/21 |
| GDP per capita PPP | 13295 USD | 2020 |
| GDP From Agriculture | 67058 ALL Million | 0.649 B USD | 1Q/21 |
| GDP From Construction | 36318 ALL Million | 0.351 B USD | 1Q/21 |
| GDP From Manufacturing | 27535 ALL Million | 0.266 B USD | 1Q/21 |
| GDP From Mining | 54071 ALL Million | 0.523 B USD | 1Q/21 |
| GDP From Public Administration | 48337 ALL Million | 0.468 B USD | 1Q/21 |
| GDP From Services | 60984 ALL Million | 0.59 B USD | 1Q/21 |
Budget Indicators
| Indicator | Data | Period |
|---|---|---|
| Government Debt to GDP | 65.9 % | 2019 |
| Government Budget Value | -14653 ALL Million | -0.142 B USD | Apr/21 |
| Government Spending | 48086 ALL Million | 0.465 B USD | 4Q/20 |
| Government Debt | 1220922 ALL Million | 11.811 B USD | 1Q/21 |
| Government Revenues | 234289 ALL Million | 2.266 B USD | Jun/21 |
| Fiscal Expenditure | 263380 ALL Million | 2.548 B USD | Jun/21 |
| Government Budget to GDP | -1.9 % | 2019 |
| Government Spending to GDP | 29.3 % | 2019 |
| Military Expenditure | 216 USD Million | 0.216 B USD | 2020 |
Inflation Indicators
| Indicator | Data | Period |
|---|---|---|
| Consumer Price Index (CPI) | 102 Index Points | Jun/21 |
| Food Inflation | 3.7 % | May/21 |
| Gasoline Prices | 1.41 USD/Liter | Jun/21 |
| Inflation Rate YoY | 1.6 % | Jun/21 |
| Producer Prices | 101 Index Points | 1Q/21 |
| Inflation Rate Mom | -0.9 % | May/21 |
| CPI Housing Utilities | 100 Index Points | May/21 |
| CPI Transportation | 103 Index Points | Jun/21 |
| Harmonised Consumer Prices | 103 Index Points | May/21 |
| Producer Prices Change | -0.6 % | 1Q/21 |
Trade Indicators
| Indicator | Data | Period |
|---|---|---|
| Current Account to GDP | -7.6 % | 2019 |
| Balance of Trade | -29086 ALL Million | -0.281 B USD | May/21 |
| Capital Flows | -229 EUR Million | -270672.781 B USD | 1Q/21 |
| Current Account | -309 EUR Million | -0.365 B USD | 1Q/21 |
| Exports | 32857 ALL Million | 0.318 B USD | May/21 |
| External Debt | 8852 EUR Million | 10.463 B USD | 1Q/21 |
| Imports | 61942 ALL Million | 0.599 B USD | May/21 |
| Tourist Arrivals | 535616 Persons | 0.536 Million Persons | 4Q/20 |
Money Indicators
| Indicator | Data | Period |
|---|---|---|
| Bank Lending Rate | 3.2 % | Feb/21 |
| Gold Reserves | 2.8 Tonnes | 1Q/21 |
| Interest Rate | 0.5 % | Jul/21 |
| Loans to Private Sector | 375290 ALL Million | 3.63 B USD | Apr/21 |
| Money Supply M0 | 521260 ALL Million | 5.043 B USD | May/21 |
| Money Supply M1 | 655037 ALL Million | 6.337 B USD | May/21 |
| Money Supply M2 | 875894 ALL Million | 8.473 B USD | May/21 |
| Money Supply M3 | 1485496 ALL Million | 14.37 B USD | May/21 |
| Central Bank Balance Sheet | 630997 ALL Million | 6.104 B USD | Apr/21 |
| Deposit Interest Rate | 0.1 % | Mar/21 |
| Foreign Direct Investment | 242 EUR Million | 0.286 B USD | 4Q/20 |
Labor Indicators
| Indicator | Data | Period |
|---|---|---|
| Minimum Wages | 30000 ALL/Month | 290.211 USD/Month | 1Q/21 |
| Retirement Age Men | 65 yers | 2021 |
| Retirement Age Women | 61.17 yers | 2021 |
| Unemployment Rate | 12.6 % | 1Q/21 |
| Wages | 56019 ALL/Month | 541.912 USD/Month | 1Q/21 |
| Youth Unemployment Rate | 23.3 % | 1Q/21 |
| Employed Persons | 1108 Thousand Person | 1.108 Million Person | 1Q/21 |
| Employment Rate | 59 % | 1Q/21 |
| Labor Force Participation Rate | 67.5 % | 1Q/21 |
| Unemployed Persons | 95 Thousand Persons | 0.095 Million Persons | 1Q/21 |
Taxes
| Indicator | Data | Period |
|---|---|---|
| Corporate Tax Rate | 15 % | 2021 |
| Personal Income Tax Rate | 23 % | 2021 |
| Sales Tax Rate | 20 % | 2021 |
| Social Security Rate | 24.5 % | 2021 |
| Social Security Rate For Companies | 15 % | 2021 |
| Social Security Rate For Employees | 9.5 % | 2021 |
Production Indicators
| Indicator | Data | Period |
|---|---|---|
| Crude Oil Production | 14 BBL/D/1K | Mar/21 |
| Industrial Production | -1.8 % | 4Q/20 |
| Mining Production | -24 % | 4Q/20 |
Business Indicators
| Indicator | Data | Period |
|---|---|---|
| Business Confidence | -1.5 Index Points | 1Q/21 |
| Corruption Index | 36 Index Points | 2020 |
| Corruption Rank | 104 place | 2020 |
| Ease of Doing Business | 82 place | 2019 |
| Manufacturing Production | 7.5 % | 4Q/20 |
| Competitiveness Index | 57.61 Index Points | 2019 |
| Competitiveness Rank | 81 | 2019 |
| Economic Optimism Index | 81.1 Index Points | 4Q/20 |
Consumer Indicators
| Indicator | Data | Period |
|---|---|---|
| Consumer Confidence | -18.9 Index Points | 1Q/21 |
| Retail Sales YoY | 38.6 % | Mar/21 |
| Consumer Credit | 203622 ALL Million | 1.97 B USD | Apr/21 |
| Consumer Spending | 280772 ALL Million | 2.716 B USD | 4Q/20 |
Housing Market
| Indicator | Data | Period |
|---|---|---|
| Construction Output | 25.9 % | 4Q/20 |
Government Debt
11.811
B USD
#51 from 65 countries
Balance of Trade
-0.281
B USD
#93 from 173 countries
Gold Reserves
2.8
Tonnes
#88 from 114 countries
Foreign Exchange Reserves
N/A
N/A
#N/A from
N/A countries
Government Budget Value
-0.142
B USD
#46 from 113 countries
Inflation Rate
1.6
%
#110 from
174 countries
Interest Rate
0.5
%
#127 from
159 countries
Bank Lending Rate
3.2%
#28 from
55 countries
Unemployment Rate
12.6
%
#35 from
171 countries
Wages
541.912
USD/Month
#64 from
82 countries
Retirement Age
65
61.17
men
women
Taxes
15%
23%
company profits
income of individuals
