Economy of Albania. Statistics, Data and Indicators
Albania
| N/AN/A | Credit rank # |
| N/A | Quality of life # |
| 110 | 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 | 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
| 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 | 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 |
