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Economy of Albania. Statistics, Data and Indicators

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


Albania Major Economic Indicators

Indicator Data Period
GDP Value 18.26 USD Billion 2021
GDP Annual Growth Rate 5.97 % 1Q/22
GDP Growth Rate 1.56 % 1Q/22
GDP per capita 4832 USD 2021
Inflation Rate YoY 7.5 % Jul/22
Interest Rate 1.75 % Aug/22
Unemployment Rate 11.7 % 1Q/22
Wages 59242 ALL/Month | 519.27 USD/Month 1Q/22
Balance of Trade -35091 ALL Million | -0.308 B USD Jun/22
Current Account -233 EUR Million | -0.238 B USD 1Q/22
Government Debt 1334521 ALL Million | 11.697 B USD 2Q/22


GDP Indicators

Indicator Data Period
GDP Value 18.26 USD Billion 2021
GDP Annual Growth Rate 5.97 % 1Q/22
GDP Growth Rate 1.56 % 1Q/22
GDP per capita 4832 USD 2021
GDP Constant Prices 416085 ALL Million | 3.647 B USD 1Q/22
GDP per capita PPP 14520 USD 2021
GDP From Agriculture  67883 ALL Million | 0.595 B USD 1Q/22
GDP From Construction  44674 ALL Million | 0.392 B USD 1Q/22
GDP From Manufacturing  31886 ALL Million | 0.279 B USD 1Q/22
GDP From Mining  51920 ALL Million | 0.455 B USD 1Q/22
GDP From Public Administration  48206 ALL Million | 0.423 B USD 1Q/22
GDP From Services  64604 ALL Million | 0.566 B USD 1Q/22


Budget Indicators

Indicator Data Period
Government Debt to GDP 78.1 % 2021
Government Budget Value 15201 ALL Million | 0.133 B USD Jun/22
Government Spending 41335 ALL Million | 0.362 B USD 1Q/22
Government Debt 1334521 ALL Million | 11.697 B USD 2Q/22
Government Revenues 279339 ALL Million | 2.448 B USD Jun/22
Fiscal Expenditure  263249 ALL Million | 2.307 B USD Jun/22
Government Budget to GDP -6.9 % 2020
Government Spending to GDP 33.4 % 2020
Military Expenditure 216 USD Million | 0.216 B USD 2020


Inflation Indicators

Indicator Data Period
Consumer Price Index (CPI) 109 Index Points Jul/22
Food Inflation 13.9 % Jul/22
Gasoline Prices 1.85 USD/Liter Jul/22
Inflation Rate YoY 7.5 % Jul/22
Producer Prices 118 Index Points 1Q/22
Inflation Rate Mom 0.2 % Jul/22
CPI Housing Utilities 104 Index Points Jul/22
CPI Transportation 125 Index Points Jul/22
Harmonised Consumer Prices 109 Index Points Jun/22
Producer Prices Change  17 % 1Q/22


Trade Indicators

Indicator Data Period
Current Account to GDP -7.7 % 2021
Balance of Trade -35091 ALL Million | -0.308 B USD Jun/22
Capital Flows -205 EUR Million | -209826 B USD 1Q/22
Current Account -233 EUR Million | -0.238 B USD 1Q/22
Exports 46069 ALL Million | 0.404 B USD Jun/22
External Debt 9800 EUR Million | 10.031 B USD 1Q/22
Imports 81160 ALL Million | 0.711 B USD Jun/22
Tourist Arrivals 1882537 Persons | 1.883 Million Persons 2Q/22


Money Indicators

Indicator Data Period
Bank Lending Rate 3.89 % Jun/22
Gold Reserves 2.8 Tonnes 2Q/22
Interest Rate 1.75 % Aug/22
Loans to Private Sector 409447 ALL Million | 3.589 B USD Jun/22
Money Supply M0 569816 ALL Million | 4.995 B USD Jun/22
Money Supply M1 703254 ALL Million | 6.164 B USD Jun/22
Money Supply M2 914557 ALL Million | 8.016 B USD Jun/22
Money Supply M3 1610613 ALL Million | 14.117 B USD Jun/22
Central Bank Balance Sheet 739834 ALL Million | 6.485 B USD Jun/22
Deposit Interest Rate 0.25 % Jul/22
Foreign Direct Investment 273 EUR Million | 0.279 B USD 1Q/22


Labor Indicators

Indicator Data Period
Minimum Wages 32000 ALL/Month | 280.487 USD/Month 2Q/22
Retirement Age Men 65 yers 2021
Retirement Age Women 61.17 yers 2021
Unemployment Rate 11.7 % 1Q/22
Wages 59242 ALL/Month | 519.27 USD/Month 1Q/22
Youth Unemployment Rate 20.7 % 1Q/22
Employed Persons 1122 Thousand Person | 1.122 Million Person 2Q/21
Employment Rate  63.5 % 1Q/22
Labor Force Participation Rate 72 % 1Q/22
Unemployed Persons 75 Thousand Persons | 0.075 Million Persons 3Q/21


Taxes



Production Indicators

Indicator Data Period
Crude Oil Production 15 BBL/D/1K Mar/22
Industrial Production 19.49 % 1Q/22
Mining Production 24.7 % 1Q/22


Business Indicators

Indicator Data Period
Business Confidence 3.49 Index Points 2Q/22
Corruption Index 35 Index Points 2021
Corruption Rank 110 place 2021
Ease of Doing Business 82 place 2019
Manufacturing Production 18.31 % 1Q/22
Competitiveness Index 57.61 Index Points 2019
Competitiveness Rank 81 2019
Economic Optimism Index 107 Index Points 2Q/22


Consumer Indicators

Indicator Data Period
Consumer Confidence -34.91 Index Points 2Q/22
Retail Sales YoY 1.24 % Mar/22
Consumer Credit 240127 ALL Million | 2.105 B USD Jun/22
Consumer Spending 297403 ALL Million | 2.607 B USD 1Q/22


Housing Market

Indicator Data Period
Construction Output 22.6 % 4Q/21