
Small Is Beautiful
Encouraged by government stimulus programs, banks are finding new ways to finance SMEs. Once the economy recovers, will the surge of interest recede?
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.
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.
USD 3.9 billion (2018)
International Monetary Fund (IMF), data retrieved October 2019
USD 15.2 billion (2018, estimate)
Intl$ 38.4 billion (2018, estimate)
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
1980 | 1990 | 2000 | 2010 | 2019* |
0.04% | 0.03% | 0.03% | 0.03% | 0.03% |
*Estimate
(2018 estimate)
2015 | 2016 | 2017 | 2018* | 2019* |
1.9% | 1.3% | 2% | 2% | 1.8% |
*Estimate
2015 | 2016 | 2017 | 2018* | 2019* |
17.1% | 15.2% | 13.8% | 12.2% | 13.7% |
*Estimate
2015 | 2016 | 2017 | 2018* | 2019* |
73.7% | 73.3% | 71.9% | 69.9% | 66.7% |
*Estimate
2013 | 2014 | 2015 | 2016* | 2017* |
-4.1% | -1.8% | -1.4% | -1.6% | -2.5% |
*Estimate
Standard & Poor's: B+
Moody's: B1
Standard & Poor's / Moody's
2016 | 2017 | 2018 |
N/A | N/A | N/A |
-13.8% (2017 estimate)
27.2% (2015)
0.01% (2015)
0.05% (2015)
Textiles, footwear; asphalt, metals and metallic ores, crude oil; vegetables, fruits, tobacco
Machinery and equipment, foodstuffs, textiles, chemicals
Italy 43.4%, Kosovo 9.8%, US 7.7%, China 6.2%, Greece 5.3%, Spain 4.8% (2015)
Italy 33.5%, China 10.1%, Greece 9%, Turkey 6.7%, Germany 5.2% (2015)
2013 | 2014 | 2015 |
USD 1,266 million | USD 1,110 million | USD 1,003 million |
2013 | 2014 | 2015 |
USD 40 million | USD 33 million | USD 38 million |
2012 | 2013 | 2014 | 2015 |
N/A | N/A | N/A | N/A |
N/A
(for a monthly update on M&A; click here )
N/A
(for a monthly update on M&A; click here )
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: 58 out of 190 countries (2017)
Subcategories:
Starting a business: 46 out of 190 countries
Enforcing Contracts: 116 out of 190 countries
Registering Property: 106 out of 190 countries
Getting credit: 44 out of 190 countries
Protecting investors: 19 out of 190 countries
Trading across border: 24 out of 190 countries
Paying Taxes: 97 out of 190 countries
Dealing with Construction Permits: 106 out of 190 countries
Getting Electricity: 156 out of 190 countries
Resolving Insolvency: 43 out of 190 countries
80 out of 138 countries
(2016-2017)
Ranking: 59 / Score: 65.92 (Moderately free) (2016)
(100=totally free 0=totally repressed)
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.)
Muslim 56.7%, Roman Catholic 10%, Orthodox 6.8%, atheist 2.5%, Bektashi (a Sufi order) 2.1%, other 5.7%, unspecified 16.2%
1990 | 2000 | 2010 | 2016* | 2021* |
3.306 million | 3.089 million | 2.913 million | 2.885 million | 2.862 million |
*Estimate
1960 | 1980 | 2000 | 2015 |
31% | 34% | 42% | 57% |
Total population: 97.6%
Male: 98.4%
Female: 96.9% (2015 est.)
(age 15 and over can read and write)
1.4% (2012)
29.0 (2012)
(0=perfect equality, 100=absolute inequality)
Political Rights: 3
Civil Liberties: 3 (2017)
(1 represents the most free, 7 the least free rating)
Fixed 7.09% Mobile 106.38% (2015)
(fixed-telephone subscribers and mobile-cellular subscribers)