Economy of Albania. Statistics, Data and Indicators

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

Albania Major Economic Indicators
Indicator | Data | Period |
---|---|---|
GDP Value | 18.88 USD Billion | 2022 |
GDP Annual Growth Rate | 3.23 % | 2Q/23 |
GDP Growth Rate | 0.4 % | 2Q/23 |
GDP per capita | 5159 USD | 2022 |
Inflation Rate YoY | 4.1 % | Sep/23 |
Interest Rate | 3 % | Oct/23 |
Unemployment Rate | 10.7 % | 2Q/23 |
Wages | 70905 ALL/Month | 712.412 USD/Month | 2Q/23 |
Balance of Trade | -40174 ALL Million | -0.404 B USD | Aug/23 |
Current Account | -195 EUR Million | -0.207 B USD | 2Q/23 |
Government Debt | 1363955 ALL Million | 13.704 B USD | 2Q/23 |
GDP Indicators
Indicator | Data | Period |
---|---|---|
GDP Value | 18.88 USD Billion | 2022 |
GDP Annual Growth Rate | 3.23 % | 2Q/23 |
GDP Growth Rate | 0.4 % | 2Q/23 |
GDP per capita | 5159 USD | 2022 |
GDP Constant Prices | 433621 ALL Million | 4.357 B USD | 2Q/23 |
GDP per capita PPP | 15502 USD | 2022 |
GDP From Agriculture | 69247 ALL Million | 0.696 B USD | 2Q/23 |
GDP From Construction | 49096 ALL Million | 0.493 B USD | 2Q/23 |
GDP From Manufacturing | 28762 ALL Million | 0.289 B USD | 2Q/23 |
GDP From Mining | 55335 ALL Million | 0.556 B USD | 2Q/23 |
GDP From Public Administration | 50911 ALL Million | 0.512 B USD | 2Q/23 |
GDP From Services | 68777 ALL Million | 0.691 B USD | 2Q/23 |
Budget Indicators
Indicator | Data | Period |
---|---|---|
Government Debt to GDP | 67 % | 2022 |
Government Budget Value | 45259 ALL Million | 0.455 B USD | Jul/23 |
Government Spending | 47433 ALL Million | 0.477 B USD | 2Q/23 |
Government Debt | 1363955 ALL Million | 13.704 B USD | 2Q/23 |
Government Revenues | 425284 ALL Million | 4.273 B USD | Aug/23 |
Fiscal Expenditure | 377453 ALL Million | 3.792 B USD | Aug/23 |
Government Budget to GDP | -3.8 % | 2022 |
Government Spending to GDP | 30.5 % | 2022 |
Military Expenditure | 289 USD Million | 0.289 B USD | 2022 |
Inflation Indicators
Indicator | Data | Period |
---|---|---|
Consumer Price Index (CPI) | 115 Index Points | Aug/23 |
Food Inflation | 7.9 % | Sep/23 |
Gasoline Prices | 2.02 USD/Liter | Sep/23 |
Inflation Rate YoY | 4.1 % | Sep/23 |
Producer Prices | 130 Index Points | 2Q/23 |
Inflation Rate Mom | 0.7 % | Sep/23 |
CPI Housing Utilities | 107 Index Points | Aug/23 |
CPI Transportation | 113 Index Points | Aug/23 |
Harmonised Consumer Prices | 116 Index Points | Aug/23 |
Producer Prices Change | 6.88 % | 2Q/23 |
Trade Indicators
Indicator | Data | Period |
---|---|---|
Current Account to GDP | -6 % | 2022 |
Balance of Trade | -40174 ALL Million | -0.404 B USD | Aug/23 |
Capital Flows | -456 EUR Million | -483768.312 B USD | 2Q/23 |
Current Account | -195 EUR Million | -0.207 B USD | 2Q/23 |
Exports | 27494 ALL Million | 0.276 B USD | Aug/23 |
External Debt | 10183 EUR Million | 10.803 B USD | 2Q/23 |
Imports | 67668 ALL Million | 0.68 B USD | Aug/23 |
Tourist Arrivals | 2326368 Persons | 2.326 Million Persons | 2Q/23 |
Money Indicators
Indicator | Data | Period |
---|---|---|
Bank Lending Rate | 9.93 % | Jul/23 |
Gold Reserves | 3.42 Tonnes | 2Q/23 |
Interest Rate | 3 % | Oct/23 |
Loans to Private Sector | 396486 ALL Million | 3.984 B USD | Jul/23 |
Money Supply M0 | 595507 ALL Million | 5.983 B USD | Aug/23 |
Money Supply M1 | 741063 ALL Million | 7.446 B USD | Aug/23 |
Money Supply M2 | 935328 ALL Million | 9.398 B USD | Aug/23 |
Money Supply M3 | 1679134 ALL Million | 16.871 B USD | Aug/23 |
Central Bank Balance Sheet | 779986 ALL Million | 7.837 B USD | Aug/23 |
Deposit Interest Rate | 2 % | Oct/23 |
Foreign Direct Investment | 379 EUR Million | 0.402 B USD | 2Q/23 |
Labor Indicators
Indicator | Data | Period |
---|---|---|
Minimum Wages | 40000 ALL/Month | 401.897 USD/Month | 2Q/23 |
Retirement Age Men | 65 yers | 2022 |
Retirement Age Women | 61.33 yers | 2022 |
Unemployment Rate | 10.7 % | 2Q/23 |
Wages | 70905 ALL/Month | 712.412 USD/Month | 2Q/23 |
Youth Unemployment Rate | 22.3 % | 2Q/23 |
Employed Persons | 1322 Thousand Person | 1.322 Million Person | 1Q/23 |
Employment Rate | 67.4 % | 2Q/23 |
Labor Force Participation Rate | 75.8 % | 2Q/23 |
Unemployed Persons | 78 Thousand Persons | 0.078 Million Persons | 2Q/23 |
Taxes
Indicator | Data | Period |
---|---|---|
Corporate Tax Rate | 15 % | 2023 |
Personal Income Tax Rate | 23 % | 2023 |
Sales Tax Rate | 20 % | 2023 |
Social Security Rate | 24.5 % | 2023 |
Social Security Rate For Companies | 15 % | 2023 |
Social Security Rate For Employees | 9.5 % | 2023 |
Production Indicators
Indicator | Data | Period |
---|---|---|
Crude Oil Production | 14 BBL/D/1K | May/23 |
Industrial Production | -13.5 % | 2Q/23 |
Mining Production | -29.5 % | 2Q/23 |
Business Indicators
Indicator | Data | Period |
---|---|---|
Business Confidence | -8.08 Index Points | 3Q/23 |
Corruption Index | 36 Index Points | 2022 |
Corruption Rank | 101 place | 2022 |
Ease of Doing Business | 82 place | 2019 |
Manufacturing Production | -8.4 % | 2Q/23 |
Competitiveness Index | 57.61 Index Points | 2019 |
Competitiveness Rank | 81 | 2019 |
Economic Optimism Index | 111 Index Points | 3Q/23 |
Consumer Indicators
Indicator | Data | Period |
---|---|---|
Consumer Confidence | -27.34 Index Points | 3Q/23 |
Retail Sales YoY | 4.52 % | Jun/23 |
Consumer Credit | 258605 ALL Million | 2.598 B USD | Jul/23 |
Consumer Spending | 306516 ALL Million | 3.08 B USD | 1Q/23 |
Housing Market
Indicator | Data | Period |
---|---|---|
Construction Output | 6.5 % | 2Q/23 |