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Indicators of economy in Albania

The essential economic performance of a country is reflected by the gross domestic product, the total of all goods and services sold. Worldwide gross domestic product in 2021 was at about 12,230 USD per capita. GDP in Albania, on the other hand, reached USD 6,493 per capita, or 18.26 billion USD for the whole country. Albania is one of the smaller economies and is currently ranked 121. If this is calculated per inhabitant, taking purchasing power parity into account, then Albania ranks 89th in the list of the richest countries.

Inflation in Albania in 2021 was around 2.04%. Within the EU, the average in the same year was 2.55 percent. In the United States, it was most recently 4.70%.

Compared with the USA, prices for daily consumer goods are around 48.5 percent lower.
The index for perceived corruption in the public sector is 36, which is below average by global standards.


Back to overview: Albania

Impact of the COVID-19 pandemic

Overall, the gross domestic product in Albania in 2020 decreased moderatly from 15.40 billion US dollars to 15.13 billion US dollars. Certainly, there have been shifts in some sectors of the economy, but a drop of 1.8 percent is still comparatively good this year. Numerous countries suffered more substantial losses. The tourism sector alone slumped by around 49 percent. The unemployment rate rose from 11.5 to 13.3 percent. The consumer inflation rate has risen from 1.4 percent previously to 1.6 percent now.

Unemployment rates in percentages 1991 - 2021

Economic performance 2021

 Albania
Total
Albania
per capita
EU
Total
EU
per capita
GDP18.26 bn USD6,492.87 USD17.177 tn USD33,384.92 USD
Gross national product17.18 bn USD6,111.67 USD16.895 tn USD32,835.37 USD


Development of gross domestic product in billions of USD 1984 - 2021



Imports and Exports 2021

 Albania
Total
Albania
per capita
EU
Total
EU
per capita
Imports8.00 bn USD2,846.66 USD8.916 tn USD17,329.02 USD
Exports5.59 bn USD1,987.53 USD9.554 tn USD18,569.19 USD


Development of imports and exports in millions of USD 1980 - 2021

Exports
Imports



Albania: AirportsLargest airports and airlines in AlbaniaThe biggest airports and 2 airlines in Albania with further information and data with further information on airlines and destinations
Albania: Public HolidaysPublic holidays in Albania 2023-2027Statutory and inofficial holidays in Albania for 2023 to 2027
Pariah StatesList of the 11 current Pariah States11 countries, that suffer from the sanctions of the international community because of their mostly autocratic government.