Source
Central bank

Bank of Albania

International Reserves

US$ 2.471 billion (Source: IMF; Data updated: 2012)

Source
Gross Domestic Product - GDP

US$ 12.592 billion (2010 estimate)

GDP (Purchasing Power Parity)

25.356 billion of International dollars (2010 estimate)

Real GDP growth
2001 2002 2003 2004 2005 2006 2007 2008
7.9% 4.2% 5.8% 5.7% 5.8% 5.4% 5.9% 7.5%
2009 2010 2011 2012*        
3.3% 3.5% 2% 0.5%        

*Estimate

GDP per capita - current prices

US$ 3,894 (2008 estimate)

GDP per capita - PPP

$7,841 International Dollars (2008 estimate)

GDP (PPP) - share of world total
1980 1990 2000 2010 2015**
0.04% 0.04% 0.03% 0.03% 0.03%

**Forecast

 
 
Source
GDP - composition by sector

(Data released on February 2012)

  • agriculture: 20.2% 
  • industry: 19.5% 
  • services: 60.3% (2011 estimate)
Gross domestic expenditure on R&D; (% of GDP)

N/A

(Data released on March 2012)

Inflation
2009 2010 2011 2012*
2.2%(2008) 3.6% 3.4% 1.9%

*Estimate

Unemployment rate
2009 2010 2011 2012*
13.1% 12.5% 11.5%(2009) 11%

*Estimate

Household saving rates

N/A

(Data released on December 2011)

Public debt (General government gross debt as a % of GDP)
2008 2009 2010 2011 2012*
55.1% 59.8% 58.3% 58.9% 61.7%

*Estimate

Public deficit (General government net lending/borrowing as a % of GDP)
2008 2009 2010 2011* 2012**
-5.1% -7.4% -4.2% -3.5% -3.7%

*Estimate    **Forecast

Government bond ratings

Standard & Poor's: B+

Moody's rating: B1

Moody's outlook: STA

(Foreign Currency Government Bond Ratings; Data last updated Dec 2011 and Nov 2012)

Market value of publicly traded shares
2009 2010 2011
N/A N/A N/A
Largest companies in Albania

N/A

 
 
Source
Current account balance

US$ -1.7 billion (2010 estimate)(After 2008)

Current account balance by percentage of GDP

-13.2% of GDP (2010 estimate)(2009)

Exports as percent of GDP(Exports of goods and services)

29.8% (2010)

(Data released on April 2012)

Shares in world total merchandising export

0.01%(2007)

(Data were released in 2012 and refer to 2011)

Shares in world total commercial services export

0.06% (2011)(2007)

(Data were released in 2012)

Total exports

US$2.121 billion (2012 estimate) 

Export commodities

textiles and footwear; asphalt, metals and metallic ores, crude oil; vegetables, fruits, tobacco

Total imports

US$5.219 billion (2012 estimate) 

 
 
Source
Import commodities

machinery and equipment, foodstuffs, textiles, chemicals

Exports - major partners

Italy 48.8%, China 8.4%, Turkey 6.7%, Greece 5.6%, Spain 5.4%, India 4.9% (2010 estimate)

Imports - major partners

Italy 34.8%, Greece 12.9%, China 6.2%, Turkey 6%, Germany 4.6% (2010 estimate)

FDI inflows
2009 2010 2011
US$996 million US$1,051 million(2009) US$1,031 million(2009)
FDI outflows
2009 2010 2011  
US$36 million US$6 million US$42 million  
Value of cross-border M&A;, by country of purchaser
2008 2009 2010 2011
N/A N/A(2009) N/A(2009) N/A
Cross-border M&A; deals worth over $3 billion completed in 2010(Acquiring company, Acquired company, Country of the acquired company, Value of the deal)

N/A

(for a monthly update on M&A; click here )

Cross-border M&A; deals worth over $3 billion completed in 2011(Acquiring company, Acquired company, Country of the acquired company, Value of the deal)

N/A(2008 estimate)

(for a monthly update on M&A; click here )

Best countries for doing business World Bank/IFC Doing Business Project (Economies are ranked on their ease of doing business, from 1 - 185. A high ranking means the regulatory environment is more conducive to the starting and operation of a local firm.)

Overall ranking: 85 out of 185 countries(2009) (2013)

Subcategories:

Starting a business: 62 out of 185 countries(2009)

Enforcing Contracts: 85 out of 185 countries

Registering Property: 121 out of 185 countries

Getting credit: 23 out of 185 countries

Protecting investors: 17 out of 185 countries

Trading across border: 79 out of 185 countries

Paying Taxes: 160 out of 185 countries

Dealing with Construction Permits: 185 out of 185 countries

Getting Electricity: 154 out of 185 countries

Resolving Insolvency: 66 out of 185 countries

(2013)

Global competitiveness ranking(ranking by country on a basis of 144, the first is the best)

89

(2012)

 

 

Index of Economic FreedomWSJ and Heritage Foundation

Ranking: 57 Score: 65.1 (Moderately Free) (2009)

(100=totally free 0=totally repressed )

 
 
Source
Total area

28,748 km2 (2006)

Capital

Tirana (Tirane) (2009)

Currency

leke (ALL) (2009)

Government type

emerging democracy (2009)

Languages

Albanian (official - derived from Tosk dialect), Greek, Vlach, Romani, Slavic dialects

Religions

Muslim 70%, Albanian Orthodox 20%, Roman Catholic 10%

Total population
1980 1990 2000 2012* 2017**
2.67 million 3.2 million 3.06 million 3.24 million 3.32 million

*Estimate    **Forecast

 
 
Source
Urban population as % of total population
1960 1980 2000 2011
30.7% 33.8% 41.7% 53.4%
Population median age

30 years (2010)

Population growth rate

0.4% (2011)

Life expectancy

77 years (2010)

Adult literacy

96% (2005/2010)

% of population living on less than $2 a day

4.25% (2011)

Inequality of wealth distribution (Gini index)

34.51 (2008)

(Data were released in 2011, 0=perfect equality, 100=absolute inequality)

Freedom House rating

Political Rights:3
Civil Liberties:3 (2011)

(1 represents the most free, 7 the least free)

Source
Total telephone subscribers as % of population

106.93% (2011)

(sum of fixed telephone lines and mobile cellular subscribers)

Internet users as % of total population

49% (Data were released in 2012 and refer to 2011)

Cost of living - Mercer index(ranking by city on a basis of 214; the 1st is the most expensive and the 214th is the least expensive)

Tirana: 200th (2011)

Source
CO2 emissions(Metric tons of CO2 per capita)

0.9418 (Data were released in 2012 and refer to 2009)

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2013

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