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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 #
101 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 4.73 % 4Q/22
GDP Growth Rate 0.2 % 4Q/22
GDP per capita 4831 USD 2021
Inflation Rate YoY 4.6 % Apr/23
Interest Rate 3 % Jun/23
Unemployment Rate 10.8 % 4Q/22
Wages 66014 ALL/Month | 650.855 USD/Month 4Q/22
Balance of Trade -40853 ALL Million | -0.403 B USD Apr/23
Current Account -477 EUR Million | -0.511 B USD 4Q/22
Government Debt 1326594 ALL Million | 13.079 B USD 1Q/23


GDP Indicators

Indicator Data Period
GDP Value 18.26 USD Billion 2021
GDP Annual Growth Rate 4.73 % 4Q/22
GDP Growth Rate 0.2 % 4Q/22
GDP per capita 4831 USD 2021
GDP Constant Prices 431013 ALL Million | 4.25 B USD 4Q/22
GDP per capita PPP 14519 USD 2021
GDP From Agriculture  69262 ALL Million | 0.683 B USD 4Q/22
GDP From Construction  47788 ALL Million | 0.471 B USD 4Q/22
GDP From Manufacturing  30145 ALL Million | 0.297 B USD 4Q/22
GDP From Mining  59360 ALL Million | 0.585 B USD 4Q/22
GDP From Public Administration  51309 ALL Million | 0.506 B USD 4Q/22
GDP From Services  67464 ALL Million | 0.665 B USD 4Q/22


Budget Indicators

Indicator Data Period
Government Debt to GDP 67 % 2022
Government Budget Value 33887 ALL Million | 0.334 B USD Apr/23
Government Spending 49653 ALL Million | 0.49 B USD 4Q/22
Government Debt 1326594 ALL Million | 13.079 B USD 1Q/23
Government Revenues 206498 ALL Million | 2.036 B USD Apr/23
Fiscal Expenditure  172611 ALL Million | 1.702 B USD Apr/23
Government Budget to GDP -3.8 % 2022
Government Spending to GDP 31.5 % 2021
Military Expenditure 236 USD Million | 0.236 B USD 2021


Inflation Indicators

Indicator Data Period
Consumer Price Index (CPI) 115 Index Points Apr/23
Food Inflation 10.1 % Apr/23
Gasoline Prices 1.81 USD/Liter Apr/23
Inflation Rate YoY 4.6 % Apr/23
Producer Prices 128 Index Points 4Q/22
Inflation Rate Mom 0.03 % Apr/23
CPI Housing Utilities 105 Index Points Apr/23
CPI Transportation 111 Index Points Apr/23
Harmonised Consumer Prices 116 Index Points Apr/23
Producer Prices Change  21.4 % 4Q/22


Trade Indicators

Indicator Data Period
Current Account to GDP -7.8 % 2022
Balance of Trade -40853 ALL Million | -0.403 B USD Apr/23
Capital Flows -276 EUR Million | -295582.344 B USD 4Q/22
Current Account -477 EUR Million | -0.511 B USD 4Q/22
Exports 33972 ALL Million | 0.335 B USD Apr/23
External Debt 9799 EUR Million | 10.494 B USD 4Q/22
Imports 74825 ALL Million | 0.738 B USD Apr/23
Tourist Arrivals 1070564 Persons | 1.071 Million Persons 1Q/23


Money Indicators

Indicator Data Period
Bank Lending Rate 4.77 % Dec/22
Gold Reserves 3.11 Tonnes 1Q/23
Interest Rate 3 % Jun/23
Loans to Private Sector 405170 ALL Million | 3.995 B USD Mar/23
Money Supply M0 613504 ALL Million | 6.049 B USD Mar/23
Money Supply M1 728380 ALL Million | 7.181 B USD Mar/23
Money Supply M2 932028 ALL Million | 9.189 B USD Mar/23
Money Supply M3 1651678 ALL Million | 16.284 B USD Mar/23
Central Bank Balance Sheet 706528 ALL Million | 6.966 B USD Apr/23
Deposit Interest Rate 2 % May/23
Foreign Direct Investment 388 EUR Million | 0.416 B USD 4Q/22


Labor Indicators

Indicator Data Period
Minimum Wages 34000 ALL/Month | 335.218 USD/Month 4Q/22
Retirement Age Men 65 yers 2022
Retirement Age Women 61.33 yers 2022
Unemployment Rate 10.8 % 4Q/22
Wages 66014 ALL/Month | 650.855 USD/Month 4Q/22
Youth Unemployment Rate 21.5 % 4Q/22
Employed Persons 1317 Thousand Person | 1.317 Million Person 4Q/22
Employment Rate  66.5 % 4Q/22
Labor Force Participation Rate 74.8 % 4Q/22
Unemployed Persons 160 Thousand Persons | 0.16 Million Persons 4Q/22


Taxes



Production Indicators

Indicator Data Period
Crude Oil Production 14 BBL/D/1K Jan/23
Industrial Production 0.5 % 4Q/22
Mining Production -23.1 % 4Q/22


Business Indicators

Indicator Data Period
Business Confidence 5.04 Index Points 1Q/23
Corruption Index 36 Index Points 2022
Corruption Rank 101 place 2022
Ease of Doing Business 82 place 2019
Manufacturing Production 6.95 % 4Q/22
Competitiveness Index 57.61 Index Points 2019
Competitiveness Rank 81 2019
Economic Optimism Index 115 Index Points 1Q/23


Consumer Indicators

Indicator Data Period
Consumer Confidence -24.32 Index Points 1Q/23
Retail Sales YoY 2.1 % Dec/22
Consumer Credit 255575 ALL Million | 2.52 B USD Mar/23
Consumer Spending 298786 ALL Million | 2.946 B USD 4Q/22


Housing Market

Indicator Data Period
Construction Output 18.5 % 4Q/22