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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 15.7 USD Billion 2019
GDP Annual Growth Rate -0.15 % 4Q/19
GDP Growth Rate -0.2 % 4Q/19
GDP per capita 5075 USD 2018
Inflation Rate YoY 1.2 % Feb/20
Interest Rate 0.5 % Mar/20
Unemployment Rate 11.6 % 4Q/19
Wages 53458 ALL/Month | 456.906 USD/Month 4Q/19
Balance of Trade -27280 ALL Million | -0.233 B USD Feb/20
Current Account -346 EUR Million | -0.382 B USD 4Q/19
Government Debt 1070191 ALL Million | 9.147 B USD 4Q/19


GDP
vvp
15.7
B USD
#123 from 174 countries
GDP per capita
vvp
5075
USD
#93 from 169 countries


GDP Indicators

Indicator Data Period
GDP Value 15.7 USD Billion 2019
GDP Annual Growth Rate -0.15 % 4Q/19
GDP Growth Rate -0.2 % 4Q/19
GDP per capita 5075 USD 2018
GDP Constant Prices 387860 ALL Million | 3.315 B USD 4Q/19
GDP per capita PPP 12306 USD 2018
GDP From Agriculture  67087 ALL Million | 0.573 B USD 4Q/19
GDP From Construction  32407 ALL Million | 0.277 B USD 4Q/19
GDP From Manufacturing  26423 ALL Million | 0.226 B USD 4Q/19
GDP From Mining  54405 ALL Million | 0.465 B USD 4Q/19
GDP From Public Administration  44329 ALL Million | 0.379 B USD 4Q/19
GDP From Services  62103 ALL Million | 0.531 B USD 4Q/19


Budget Indicators

Indicator Data Period
Government Debt to GDP 63.63 % 2018
Government Budget Value 3498 ALL Million | 0.03 B USD Jan/20
Government Spending 40746 ALL Million | 0.348 B USD 3Q/19
Government Debt 1070191 ALL Million | 9.147 B USD 4Q/19
Government Revenues 36012 ALL Million | 0.308 B USD Jan/20
Fiscal Expenditure  32514 ALL Million | 0.278 B USD Jan/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) 110 Index Points Feb/20
Food Inflation 1.9 % Feb/20
Gasoline Prices 1.46 USD/Liter Mar/20
Inflation Rate YoY 1.2 % Feb/20
Producer Prices 102 Index Points 4Q/19
Inflation Rate Mom 0.4 % Feb/20
CPI Housing Utilities 107 Index Points Feb/20
CPI Transportation 102 Index Points Feb/20
Harmonised Consumer Prices 11.8 Index Points Feb/20
Producer Prices Change  -1.1 % 4Q/19


Trade Indicators

Indicator Data Period
Current Account to GDP -6.3 % 2018
Balance of Trade -27280 ALL Million | -0.233 B USD Feb/20
Capital Flows -50.6 EUR Million | -55811.695 B USD 4Q/19
Current Account -346 EUR Million | -0.382 B USD 4Q/19
Exports 24318 ALL Million | 0.208 B USD Feb/20
External Debt 8258 EUR Million | 9.109 B USD 4Q/19
Imports 51598 ALL Million | 0.441 B USD Feb/20
Tourist Arrivals 944036 Persons | 0.944 Million Persons 4Q/19


Money Indicators

Indicator Data Period
Bank Lending Rate 4.39 % Dec/19
Gold Reserves 2.18 Tonnes 4Q/19
Interest Rate 0.5 % Mar/20
Loans to Private Sector 334449 ALL Million | 2.859 B USD Nov/19
Money Supply M0 428401 ALL Million | 3.662 B USD Feb/20
Money Supply M1 528920 ALL Million | 4.521 B USD Feb/20
Money Supply M2 762539 ALL Million | 6.517 B USD Feb/20
Money Supply M3 1330924 ALL Million | 11.375 B USD Feb/20
Central Bank Balance Sheet 528261 ALL Million | 4.515 B USD Jan/20
Deposit Interest Rate 0.1 % Feb/20
Foreign Direct Investment 272 EUR Million | 0.3 B USD 3Q/19


Labor Indicators

Indicator Data Period
Minimum Wages 26000 ALL/Month | 222.222 USD/Month 4Q/19
Retirement Age Men 65 yers 2018
Retirement Age Women 60.67 yers 2018
Unemployment Rate 11.6 % 4Q/19
Wages 53458 ALL/Month | 456.906 USD/Month 4Q/19
Youth Unemployment Rate 21.4 % 4Q/19
Employed Persons 1154 Thousand Person | 1.154 Million Person 4Q/19
Employment Rate  61.5 % 3Q/19
Labor Force Participation Rate 69.8 % 3Q/19
Unemployed Persons 71 Thousand Persons | 0.071 Million Persons 4Q/19


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 Nov/19
Industrial Production 4.9 % 3Q/19
Mining Production 1.2 % 3Q/19


Business Indicators

Indicator Data Period
Business Confidence -1.1 Index Points 4Q/19
Corruption Index 35 Index Points 2019
Corruption Rank 106 place 2019
Ease of Doing Business 82 place 2019
Manufacturing Production 6.07 % 3Q/19
Competitiveness Index 57.61 Index Points 2019
Competitiveness Rank 81 2019
Economic Optimism Index 95.4 Index Points 4Q/19


Consumer Indicators

Indicator Data Period
Consumer Confidence -13.6 Index Points 4Q/19
Retail Sales YoY 2.9 % Sep/19
Consumer Credit 186510 ALL Million | 1.594 B USD Dec/19
Consumer Spending 291199 ALL Million | 2.489 B USD 3Q/19


Housing Market

Indicator Data Period
Construction Output -2.1 % 3Q/19


Government Debt
dept_icon
9.147
B USD
#51 from 65 countries
Balance of Trade
balance_icon
-0.233
B USD
#93 from 173 countries


Gold Reserves
gold_reserve_icon
2.18
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
0.03
B USD
#46 from 113 countries
Inflation Rate
inflation_icon
1.2
%
#110 from 174 countries


Interest Rate
discount_rate_icon
0.5
%
#127 from 159 countries
Bank Lending Rate
credit_rate_icon
4.39%
#28 from 55 countries


Unemployment Rate
unemployment_icon
11.6
%
#35 from 171 countries
Wages
salary_icon
456.906
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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