Source
Central bank

Bank of Albania

International Reserves

US$ 2.773 billion (Source: World Bank; Data updated: 2013)

Gross Domestic Product - GDP

US$ 14 billion (2014 estimate)

GDP (Purchasing Power Parity)

27 billion of International dollars (2014 estimate)

Real GDP growth
2003 2004 2005 2006 2007 2008 2009 2010
5.8% 5.7% 5.8% 5.4% 5.9% 7.5% 3.3% 3.8%
2011 2012 2013 2014*        
3.1% 1.3% 0.7% 2.1%        

*Estimate

GDP per capita - current prices

US$ 4,999 (2014 estimate)

GDP per capita - PPP

$9,903 International Dollars (2014 estimate)

GDP (PPP) - share of world total
1980 1990 2000 2010 2014*
0.04% 0.04% 0.03% 0.03% 0.03%

*Estimate

 
 
Source
GDP - composition by sector
  • agriculture: 19.5% 
  • industry: 12% 
  • services: 68.5% (2011 estimate)
Gross domestic expenditure on R&D; (% of GDP)

N/A

Inflation
2011 2012 2013 2014*
3.4% 2.0% 1.9% 2.7%

*Estimate

Unemployment rate
2011 2012 2013 2014*
13.3% 13.0% 12.8% 13%

*Estimate

Household saving rates

N/A

Public debt (General government gross debt as a % of GDP)
2010 2011 2012 2013 2014*
58.5% 60.3% 62.4% 70.5% 71.7%

*Estimate

Public deficit (General government net lending/borrowing as a % of GDP)
2010 2011 2012 2013 2014*
-4.2% -3.6% -3.3% -6.2% -5.7%

*Estimate   

Government bond ratings

Standard & Poor's: B

Moody's rating: B1

Moody's outlook: STA

(Foreign Currency Government Bond Ratings; Data last updated Sept 2014)

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$ -1.431 billion (2014 estimate)

Current account balance by percentage of GDP

-10.319% of GDP (2014 estimate)

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

34.9% (2013)

Shares in world total merchandising export

0.01% (2012)

Shares in world total commercial services export

0.05% (2012)

Total exports

US$2.323 billion (2013 estimate) 

Export commodities

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

Total imports

US$4.835 billion (2013 estimate) 

 
 
Source
Import commodities

machinery and equipment, foodstuffs, textiles, chemicals

Exports - major partners

Italy 51.1%, Spain 9.2%, Turkey 6.3%, Greece 4.4% (2012)

Imports - major partners

Italy 31.9%, Greece 9.5%, China 6.4%, Germany 6%, Turkey 5.7% (2012)

FDI inflows
2011 2012 2013
US$876 million US$855 million US$1,225 million
FDI outflows
2011 2012 2013  
US$30 million US$23 million US$40 million  
Value of cross-border M&A;, by country of purchaser
2010 2011 2012 2013
N/A N/A N/A N/A
Cross-border M&A; deals worth over $3 billion completed in 2012 (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 2013 (Acquiring company, Acquired company, Country of the acquired company, Value of the deal)

N/A

(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 - 189. A high ranking means the regulatory environment is more conducive to the starting and operation of a local firm.

Overall ranking: 90 out of 189 countries (2013)

Subcategories:

Starting a business: 76 out of 189 countries

Enforcing Contracts: 124 out of 189 countries

Registering Property: 119 out of 189 countries

Getting credit: 13 out of 189 countries

Protecting investors: 14 out of 189 countries

Trading across border: 85 out of 189 countries

Paying Taxes: 146 out of 189 countries

Dealing with Construction Permits: 189 out of 189 countries

Getting Electricity: 158 out of 189 countries

Resolving Insolvency: 62 out of 189 countries

(2013)

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

97

(2014-2015)

 

 

Index of Economic FreedomWSJ and Heritage Foundation

Ranking: 54 Score: 66.9 (Moderately Free) (2014)

(100=totally free 0=totally repressed )

 
 
Source
Time zone

UTC+1

Total area

28,748 sq km

Capital

Tirana (Tirane) 

Currency

leke (ALL) 

Government type

parliamentary democracy

Languages

Albanian 98.8% (official - derived from Tosk dialect), Greek 0.5%, other 0.6% (including Macedonian, Roma, Vlach, Turkish, Italian, and Serbo-Croatian), unspecified 0.1% (2011 est.)

Religions

Muslim 56.7%, Roman Catholic 10%, Orthodox 6.8%, atheist 2.5%, Bektashi (a Sufi order) 2.1%, other 5.7%, unspecified 16.2%

Total population
1990 2000 2010 2014* 2019**

3.197 million

3.058  million 2.87 million 2.774 million 2.705 million

*Estimate   **Forecast

 
 
Source
Urban population as % of total population
1960 1980 2000

2013

30.7% 34%

42%

55%
Population median age

31.6 years (2014 est.)

Population growth rate

0.3% (2014 est.)

Life expectancy

77.96 years (2014 estimate)

Adult literacy

96.8% (2011 estimate)

% of population living on less than $2 a day

3.0% (2012)

Inequality of wealth distribution (Gini index)

29.0 (2012)

(0=perfect equality, 100=absolute inequality)

Freedom House rating

Political Rights: 3
Civil Liberties: 3 (2014)

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

Total telephone subscribers as % of population

Fixed 8.9%  Mobile 116.2%
(2013)
(fixed-telephone subscribers and mobile-cellular subscribers)

Internet users as % of total population

60.1% (2013)

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: 189th (2014)

CO2 emissions(Metric tons of CO2 per capita)

1.5 (2010)

World's Best Developed & Emerging Markets Banks

World’s Best Investment Banks

World's Best Banks By Region

World's Best Banks

2013

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