Personal Income Tax Rates
The OECD defines tax as a compulsory unrequited payment to the government. A taxable base is the base amount on which the tax rate is applied—such as corporate income, personal income, or property.
Albania GDP and Economic Data
Country Report 2017 - Includes Albania real Gross Domestic Product growth rate, with latest forecasts and historical data, GDP per capita, GDP composition and breakdown by sector.
Browse additional economic indicators and data sets, selected by Global Finance editors, to learn more about Albania economic outlook, debt to GDP ratio, international trade performance and population trends. Rankings of Albania best banks and safest banks are also available.
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International Reserves
USD 3.9 billion (2018)
International Monetary Fund (IMF), data retrieved October 2019
Gross Domestic Product - GDP
USD 15.2 billion (2018, estimate)
GDP (Purchasing Power Parity)
Intl$ 38.4 billion (2018, estimate)
Real GDP growth
| 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 |
| 6% | 7.5% | 3.4% | 3.7% | 2.5% | 1.4% | 1% |
| 2014 | 2015 | 2016 | 2017* | 2018* | ||
| 1.8% | 2.2% | 3.3% | 3.8% | 4.2% |
*Estimate
GDP (PPP) - share of world total
| 1980 | 1990 | 2000 | 2010 | 2019* |
| 0.04% | 0.03% | 0.03% | 0.03% | 0.03% |
*Estimate
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GDP - composition by sector
- agriculture: 18.4%
- industry: 21.3%
- services: 47.9%
(2018 estimate)
Inflation
| 2015 | 2016 | 2017 | 2018* | 2019* |
| 1.9% | 1.3% | 2% | 2% | 1.8% |
*Estimate
Unemployment rate
| 2015 | 2016 | 2017 | 2018* | 2019* |
| 17.1% | 15.2% | 13.8% | 12.2% | 13.7% |
*Estimate
Public debt (General government gross debt as a % of GDP)
| 2015 | 2016 | 2017 | 2018* | 2019* |
| 73.7% | 73.3% | 71.9% | 69.9% | 66.7% |
*Estimate
Public deficit (General government net lending/borrowing as a % of GDP)
| 2013 | 2014 | 2015 | 2016* | 2017* |
| -4.1% | -1.8% | -1.4% | -1.6% | -2.5% |
*Estimate
Government bond ratings
Standard & Poor's: B+
Moody's: B1
Standard & Poor's / Moody's
Source
Market value of publicly traded shares
| 2016 | 2017 | 2018 |
| N/A | N/A | N/A |
Source
Current account balance by percentage of GDP
-6.8 % (2018 estimate)
Exports as percent of GDP (Exports of goods and services)
31.7% (2018)
Shares in world total merchandising export
0.01% (2018)
Shares in world total commercial services export
0.06% (2018)
Export commodities
Apparel and clothing, footwear; asphalt, metals and metallic ores, crude oil; cement and construction materials, vegetables, fruits, tobacco
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Import commodities
Machinery and equipment, foodstuffs, textiles, chemicals
Exports - major partners
Italy 53.4%, Kosovo 7.7%, Spain 5.6%, Greece 4.2% (2017)
Imports - major partners
Italy 28.5%, Turkey 8.1%, Germany 8%, Greece 8%, China 7.9%, Serbia 4% (2017)
FDI inflows
| 2016 | 2017 | 2018 |
| USD 1,100 million | USD 1,146 million | USD 1,294 million |
FDI outflows
| 2016 | 2017 | 2018 |
| USD 64 million | USD 26 million | USD 83 million |
Value of cross-border M&A, by country of purchaser
| 2015 | 2016 | 2017 | 2018 |
| N/A | USD -100 million | N/A | N/A |
Cross-border M&A deals worth over $3 billion completed in 2014
N/A
(for a monthly update on M&A; click here )
Cross-border M&A deals worth over $3 billion completed in 2015
N/A
(for a monthly update on M&A; click here )
Best countries for doing business
Economies are ranked on their ease of doing business. A high ease of doing business ranking means the regulatory environment is more conducive to the starting and operation of a local firm.
Overall ranking:
82 out of 190 countries
Subcategories:
Starting a Business: 53 out of 190 countries
Dealing with Construction Permits: 166 out of 190 countries
Getting Electricity: 107 out of 190 countries
Registering Property: 98 out of 190 countries
Getting Credit: 48 out of 190 countries
Protecting Minority Investors: 111 out of 190 countries
Paying Taxes: 123 out of 190 countries
Trading across Borders: 25 out of 190 countries
Enforcing Contracts: 120 out of 190 countries
Resolving Insolvency: 39 out of 190 countries
Source
Global competitiveness ranking
81 out of 141 countries
(2019)
Index of Economic Freedom
Ranking: 52 / Score: 66.5 (Moderately free)
(100=totally free 0=totally repressed)
Source
Source
Languages
Albanian 98.8% (official - derived from Tosk dialect), Greek 0.5%, other 0.6% (including Macedonian, Romani, 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% (2011 est.)
Total population
| 1990 | 2000 | 2010 | 2015 | 2020* |
| 3.29 million | 3.09 million | 2.91 million | 2.88 million | 2.87 million |
*Estimate
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Urban population as % of total population
| 1960 | 1980 | 2000 | 2018 |
| 30.7% | 33.8% | 41.7% | 60.3% |
Literacy
Total population: 97.6%
Male: 98.4%
Female: 96.9%
Definition: age 15 and over can read and write (2015 est.)
% of population living on less than $3.10 a day
7.7% (last available estimate, 2012)
Inequality of wealth distribution (Gini index)
29 (last available estimate, 2012)
(0=perfect equality, 100=absolute inequality)
Source
Freedom House rating
Partly Free
Political Rights: 3
Civil Liberties: 3 (2019)
(1 represents the most free, 7 the least free rating)
Source
Total telephone subscribers as % of population
Fixed: 8.6%
Mobile: 94.2%
(2018)
(fixed-telephone subscribers and mobile-cellular subscribers)