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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 18.88 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



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