Albania Albania

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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 2,793,592 people, it is one of the least populous country in the world and it has a moderate population density, 97 people per km2.

It's capital is Tirana and its currency is Lek

Albania is holding the 124 position by nominal GDP. Its national debt in 2020 was 10,086 millions of euros (11,511 millions of dollars), ( 75.93% debt-to-GDP ratio) and its public debt per capita is €3,564 euros per inhabitant$4,068 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 [+]2021€15,432M
Annual GDP [+]2021$18,260M
GDP per capita [+]2021€5,490
GDP per capita [+]2021$6,536
Debt (M.€.) [+]202010,086
Debt ($M) [+]202011,511
Debt (%GDP) [+]202075.93%
Debt Per Capita [+]2020€3,564
Debt Per Capita [+]2020$4,068
Deficit (M.€) [+]2020-892
Deficit ($M) [+]2020-1,018
Deficit (%GDP) [+]2020-6.71%
Expenditure (M.€) [+]20204,333.2
Expenditure ($M) [+]20204,945.4
Education Expenditure (M.€) [+]2019542.7
Education Expenditure ($M) [+]2019607.6
Education Expenditure (%Bud.) [+]201913.44%
Gov. Health Exp. (M.€) [+]2018369.3
Gov. Health Exp.($M) [+]2017558.3
Gov. Health Exp. (%Bud.) [+]201714.68%
Defence Expenditure (M.€) [+]2020204.0
Defence Expenditure ($M) [+]2020232.8
Defence Expenditure (%Bud.) [+]20204.67%
Expenditure (%GDP) [+]202032.62%
Expenditure Per Capita [+]2020€1,531
Expenditure Per Capita [+]2020$1,748
Education Expenditure P.C [+]2019€190
Education Expenditure P.C [+]2019$211
Gov. Health Exp. P.C. [+]2018€129
Gov. Health Exp. P.C. [+]2017$190
Defence Expenditure P.C. [+]2020€72
Defence Expenditure P.C. [+]2020$81
Moody's Rating [+]05/21/2021B1
S&P Rating [+]02/05/2016B+
Corruption Index [+]202135
Competitiveness Ranking [+]201981º
Fragile States Index [+]201860.1
RTI Raking [+]09/28/2018
Innovation Ranking [+]201883º
Labour
Unemployment rate [+]2019Q411.2%
Unemployed [+]2019Q4160K
NMW [+]2022$284.4
NMW [+]2022€265.0
Human Capital Ranking [+]201785º
Markets
Euro / Lek [+]01/30/2023116.6200
US Dollar exchange rate [+]01/30/2023106.8800
Prices
HICP [+]October 20228.0%
PPI Year on Year [+]June 202216.5%
Money Market
Key rates [+]11/03/20222.75%
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 [+]2021€3,012.4M
Exports [+]2021$3,559.0M
Exports % GDP [+]202119.52%
Imports [+]2021€6,545.5M
Imports [+]2021$7,718.1M
Imports % GDP [+]202142.41%
Trade balance [+]2021€-3,533.0M
Trade balance [+]2021$-4,159.0M
Trade balance % GDP [+]2021-22.89%
Retail Sales YoY [+]September 20227.4%
Socio-Demography
Global AgeWatch Ranking [+]201553º
Density [+]202197
Global Peace Ranking [+]202241º
Crude divorce rate [+]20201.50‰
Remittance received ($M) [+]20171,381.9
% Immigrant [+]20191.73%
% Emigrant [+]201942.41%
Birth Rate [+]20219.70‰
Remittance sent ($M) [+]2017198.6
Crude death rate [+]202110.90‰
Fertility Rate [+]20201.34
Crude marriage rate [+]20206.20‰
% risk of poverty [+]202021.8%
Population [+]20212,793,592
Immigrant stock [+]201949,160
Emigrant stock [+]20191,207,032
HDI [+]20210.796
Gender Gap Ranking [+]202218º
Life expectancy [+]202077.40
Suicides [+]201096
Suicide rate [+]20103.30
Number of homicides [+]202061
Rate Homicides per 100.000 [+]20202.12
Energy and Environment
CO2 Tons per capita [+]20211.56
Annual crude oil production [+]202116
Crude Oil Reserves [+]2021150.0
Consumption GWh [+]20217,416
Generation GWh [+]20218,963
Others
COVID-19 - Deaths [+]01/29/20233,596
COVID-19 - Confirmed [+]01/29/2023334,157
Fully vaccinated [+]01/08/20231,272,309
COVID-19 - Deaths per million population [+]01/29/20231,287.23
Doses administered [+]01/08/20233,042,696