Poorest Countries in the World
All these extremely fragile and underdeveloped economies have either recently been through a civil war or are suffering from ongoing sectarian or ethnic conflicts.
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 3.1 billion (2015)
International Monetary Fund (IMF), data retrieved January 2017
Gross Domestic Product - GDP
USD 12.9 billion (2017, estimate)
GDP (Purchasing Power Parity)
Intl$ 36.2 billion (2017, estimate)
Real GDP growth
| 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 |
| 5.9% | 6% | 7.5% | 3.4% | 3.7% | 2.6% | 1.4% |
| 2013 | 2014 | 2015* | 2016* | 2017* | ||
| 1% | 1.8% | 2.8% | 3.4% | 3.7% |
*Estimate
GDP (PPP) - share of world total
| 1980 | 1990 | 2000 | 2010 | 2017* |
| 0.04% | 0.03% | 0.03% | 0.03% | 0.03% |
*Estimate
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GDP - composition by sector
- agriculture: 21.6%
- industry: 14.9%
- services: 63.5%
(2016 estimate)
Inflation
| 2013 | 2014 | 2015 | 2016* | 2017* |
| 1.9% | 1.6% | 1.9% | 1.1% | 2.2% |
*Estimate
Unemployment rate
| 2013 | 2014 | 2015 | 2016* | 2017* |
| 16.0% | 17.5% | 17.1% | 16.9% | 16.6% |
*Estimate
Public debt (General government gross debt as a % of GDP)
| 2013 | 2014 | 2015 | 2016* | 2017* |
| 70.4% | 72% | 73.3% | 72.2% | 69.1% |
*Estimate
Public deficit (General government net lending/borrowing as a % of GDP)
| 2013 | 2014 | 2015 | 2016* | 2017* |
| -5.2% | -5.5% | -4.1% | -2.5% | -2.5% |
*Estimate
Government bond ratings
Standard & Poor's: B+
Moody's: B1
Standard & Poor's / Moody's (Updated January 2017)
Source
Market value of publicly traded shares
| 2013 | 2014 | 2015 |
| N/A | N/A | N/A |
Source
Current account balance by percentage of GDP
-13.8% (2017 estimate)
Exports as percent of GDP (Exports of goods and services)
27.2% (2015)
Shares in world total merchandising export
0.01% (2015)
Shares in world total commercial services export
0.05% (2015)
Export commodities
Textiles, footwear; asphalt, metals and metallic ores, crude oil; vegetables, fruits, tobacco
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Import commodities
Machinery and equipment, foodstuffs, textiles, chemicals
Exports - major partners
Italy 43.4%, Kosovo 9.8%, US 7.7%, China 6.2%, Greece 5.3%, Spain 4.8% (2015)
Imports - major partners
Italy 33.5%, China 10.1%, Greece 9%, Turkey 6.7%, Germany 5.2% (2015)
FDI inflows
| 2013 | 2014 | 2015 |
| USD 1,266 million | USD 1,110 million | USD 1,003 million |
FDI outflows
| 2013 | 2014 | 2015 |
| USD 40 million | USD 33 million | USD 38 million |
Value of cross-border M&A, by country of purchaser
| 2012 | 2013 | 2014 | 2015 |
| N/A | N/A | 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: 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
Source
Global competitiveness ranking
80 out of 138 countries
(2016-2017)
Index of Economic Freedom
Ranking: 59 / Score: 65.92 (Moderately free) (2016)
(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, 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 | 2016* | 2021* |
| 3.306 million | 3.089 million | 2.913 million | 2.885 million | 2.862 million |
*Estimate
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Urban population as % of total population
| 1960 | 1980 | 2000 | 2015 |
| 31% | 34% | 42% | 57% |
Literacy
Total population: 97.6%
Male: 98.4%
Female: 96.9% (2015 est.)
(age 15 and over can read and write)
% of population living on less than $3.10 a day
1.4% (2012)
Inequality of wealth distribution (Gini index)
29.0 (2012)
(0=perfect equality, 100=absolute inequality)
Source
Freedom House rating
Political Rights: 3
Civil Liberties: 3 (2017)
(1 represents the most free, 7 the least free rating)
Source
Total telephone subscribers as % of population
Fixed 7.09% Mobile 106.38% (2015)
(fixed-telephone subscribers and mobile-cellular subscribers)