Albania: Economy

Economic Trivia

The agricultural sector accounts for almost half of employment and one-fifth of GDP.

Trade Source: United Nations Comtrade
Note: Top 3 trade partners are calculated by imports + exports.

Top 3 Trade Partners (2015): Italy, China, and Greece
Top 3 Exported Goods (2015): Items nesoi, Footwear, and Apparel: Non Knit

Top Industries Source: CIA World Factbook

Perfumes and Cosmetic Products; Food and Tobacco Products; Textiles and Clothing; Lumber

Gross Domestic Product (GDP) Source: The World Bank

GDP, PPP (current international) $32,663,238,936 (2015)
GDP Growth Rate (annual %) 2.56% (2015)
GDP Per Capita, PPP (current international) $11,305 (2015)
Click on a row to display its 5-year graph on the right.

GDP Country Rank 121/193 (2015)

Economic Indicators Source: The World Bank

Inflation, consumer prices (annual %) 1.888% (2015)
External debt stocks, total (DOD, current US$) $8,000,121,000 (2014)
Total tax rate (% of commercial profits) 36.5% (2015)
Real Interest Rate (5 year average %) 8.209% (2015)
Manufacturing, value added (% of GDP) 5.677% (2015)
Current Account Balance (BoP, current US$) ($1,277,226,678) (2015)
Click on a row to display its 5-year graph on the right.

Labor and Employment Source: The World Bank

Labor Force, Total 1,292,943 (2014)
Employment in Agriculture (% of total employment) 41.5% (2010)
Employment in Industry (% of total employment) 20.8% (2010)
Employment in Services (% of total employment) 37.7% (2010)
Unemployment Rate 16.1% (2014)
Click on a row to display its 5-year graph on the right.
Imports of goods and services (current US$) $5,070,768,048 (2015)
Exports of goods and services (current US$) $3,105,037,440 (2015)
Total Merchandise Trade (% of GDP) 57.983% (2014)
FDI, net inflows (BoP, current US$) $981,500,053 (2015)
Commercial Service Exports (current US$) $2,455,288,612 (2014)
Click on a row to display its 5-year graph on the right.

How to interpret the graph: The purpose of this graph is to take a snapshot of a country’s economy in comparison to other economies. For example, Albania’s Exports rank is higher than (please wait...) of the countries in the dataset. For Exports, FDI and GDP measures, a higher rank (closer to 100%) indicates a stronger economy. Conversely, for Unemployment and Inflation, a lower rank (closer to 0%) indicates a stronger economy.

Due to unavailable data the following indicators have been omitted:
  • Exports
  • FDI, net inflows
  • GDP Growth Rate
  • GDP Per Capita
  • Inflation
  • Unemployment

Glossary