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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 #
104 Corruption rank#91
82 Ease of doing business#63
Albania


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
vvp
14.8
B USD
#123 from 174 countries
GDP per capita
vvp
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
dept_icon
11.811
B USD
#51 from 65 countries
Balance of Trade
balance_icon
-0.281
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
-0.142
B USD
#46 from 113 countries
Inflation Rate
inflation_icon
1.6
%
#110 from 174 countries


Interest Rate
discount_rate_icon
0.5
%
#127 from 159 countries
Bank Lending Rate
credit_rate_icon
3.2%
#28 from 55 countries


Unemployment Rate
unemployment_icon
12.6
%
#35 from 171 countries
Wages
salary_icon
541.912
USD/Month
#64 from 82 countries


Retirement Age
man_icon
woman_icon
65
61.17
men
women
Taxes
company_icon
private_icon
15%
23%
company profits
income of individuals


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