Albania Albania

Subscribe to our free email alert service

Albania, is a country located at Southern Europe, it has an area of 28,750 Km2 and it may be considered quite a small country.

Albania, with a population of 2,761,785 people, it is one of the least populous country in the world and it has a moderate population density, 96 people per km2.

It's capital is Tirana and its currency is Lek

Albania is holding the 114 position by nominal GDP. Its national debt in 2022 was 11,869 millions of euros (12,508 millions of dollars), ( 65.55% debt-to-GDP ratio) and its public debt per capita is €4,298 euros per inhabitant$4,529 dollars per inhabitant.

In terms of the human development index (HDI) of Albania, which is the index used by the United Nations to measure the progress of a country, was 0.796 points in 2021, leaving it in 67th place in the table of 191 countries published.

If the reason to visit Albania are business, you must know it's in the 82th of the Doing Business ranking , which provides objective measures of business regulations for local firms.

In the tables at the bottom of the page, you can see more information about the economy and demography of Albania, if you want to see information about other countries click here

Albania Economy
Gouvernement
Annual GDP [+]2023€21,255M
Annual GDP [+]2022$19,083M
GDP per capita [+]2022€6,507
GDP per capita [+]2022$6,910
Debt (M.€.) [+]202211,869
Debt ($M) [+]202212,508
Debt (%GDP) [+]202265.55%
Debt Per Capita [+]2022€4,298
Debt Per Capita [+]2022$4,529
Deficit (M.€) [+]2022-662
Deficit ($M) [+]2022-698
Deficit (%GDP) [+]2022-3.66%
Expenditure (M.€) [+]20225,512.8
Expenditure ($M) [+]20225,809.8
Education Expenditure (M.€) [+]2020412.6
Education Expenditure ($M) [+]2020470.0
Education Expenditure (%Bud.) [+]202012.07%
Gov. Health Exp. (M.€) [+]2018369.3
Gov. Health Exp.($M) [+]2017558.3
Gov. Health Exp. (%Bud.) [+]201714.68%
Defence Expenditure (M.€) [+]2022284.8
Defence Expenditure ($M) [+]2022302.4
Defence Expenditure (%Bud.) [+]20225.12%
Expenditure (%GDP) [+]202230.45%
Expenditure Per Capita [+]2022€1,996
Expenditure Per Capita [+]2022$2,104
Education Expenditure P.C [+]2020€145
Education Expenditure P.C [+]2020$163
Gov. Health Exp. P.C. [+]2018€129
Gov. Health Exp. P.C. [+]2017$190
Defence Expenditure P.C. [+]2022€103
Defence Expenditure P.C. [+]2022$110
Moody's Rating [+]04/07/2023B1
S&P Rating [+]03/22/2024BB-
Corruption Index [+]202236
Competitiveness Ranking [+]201981º
Fragile States Index [+]201860.1
RTI Raking [+]2022
Innovation Ranking [+]201883º
Labour
Unemployment rate [+]2019Q411.2%
Unemployed [+]2019Q4160K
NMW [+]2024$425.8
NMW [+]2024€385.1
Human Capital Ranking [+]201785º
Markets
Euro / Lek [+]04/18/2024101.3500
US Dollar exchange rate [+]04/18/202495.0000
Prices
HICP [+]March 20242.4%
PPI Year on Year [+]December 20234.9%
Money Market
Key rates [+]11/03/20233.25%
Business
Doing Business [+]202082º
Passengers vehicles Year [+]December 20193,005
Annual Vehicles/ 1,000 p. [+]December 20191.19
Vehicles / 1,000 people [+]2015167.31
Taxes
Standard VAT [+]01/01/200620.00%
Top tax rate + SSC [+]202023.0%
Trade
Annual arrivals [+]20195,919,329
Exports [+]2023€4,044.0M
Exports [+]2023$4,372.8M
Exports % GDP [+]202222.76%
Imports [+]2023€8,038.1M
Imports [+]2023$8,691.6M
Imports % GDP [+]202244.52%
Trade balance [+]2023€-3,994.1M
Trade balance [+]2023$-4,318.8M
Trade balance % GDP [+]2022-21.77%
Retail Sales YoY [+]December 20232.3%
Socio-Demography
Global AgeWatch Ranking [+]201553º
Density [+]202296
Global Peace Ranking [+]202340º
Crude divorce rate [+]20211.10‰
Remittance received ($M) [+]20171,381.9
% Immigrant [+]20201.72%
% Emigrant [+]202044.19%
Birth Rate [+]20228.90‰
Remittance sent ($M) [+]2017198.6
Crude death rate [+]20228.60‰
Fertility Rate [+]20221.21
Crude marriage rate [+]20226.80‰
% risk of poverty [+]202122.0%
Population [+]20222,761,785
Immigrant stock [+]202048,810
Emigrant stock [+]20201,250,451
HDI [+]20210.796
Gender Gap Ranking [+]202317º
Life expectancy [+]202279.10
Suicides [+]201096
Suicide rate [+]20103.30
Number of homicides [+]202247
Rate Homicides per 100.000 [+]20221.65
Energy and Environment
CO2 Tons per capita [+]20211.56
Annual crude oil production [+]202215
Crude Oil Reserves [+]2021150.0
Consumption GWh [+]20217,416
Generation GWh [+]20218,963
Others
COVID-19 - Deaths [+]03/31/20243,605
COVID-19 - Confirmed [+]03/31/2024334,863
Fully vaccinated [+]09/10/20231,279,333
COVID-19 - Deaths per million population [+]03/31/20241,305.32
Doses administered [+]09/10/20233,088,966