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 (2018): Italy, Serbia, and Greece
Top 3 Exported Goods (2018): Footwear, Oil & Mineral Fuels, 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) [1]

GDP, PPP (current international) $38,306,694,289 (2018)
GDP Growth Rate (annual %) 4.145% (2018)
GDP Per Capita, PPP (current international) $13,364 (2018)
Click on a row to display its 5-year graph on the right.

GDP Country Rank 122/196 (2018)

GDP Composition %

Note: GDP composition percentage may exceed 100. Manufacturing is included in the Industry figures and is also reported separately because it plays a critical role in many economies.

Economic Indicators [1]

Inflation, consumer prices (annual %) 2.021% (2018)
External debt stocks, total (DOD, current US$) $10,121,923,559 (2018)
Total tax rate (% of commercial profits) 36.6% (2019)
Real Interest Rate (5 year average %) 4.937% (2018)
Manufacturing, value added (% of GDP) 6.202% (2018)
Current Account Balance (BoP, current US$) ($1,010,238,285) (2018)
Click on a row to display its 5-year graph on the right.

Labor and Employment [1]

Labor Force, Total 1,324,517 (2019)
Employment in Agriculture (% of total employment) 37.791% (2019)
Employment in Industry (% of total employment) 19.327% (2019)
Employment in Services (% of total employment) 42.882% (2019)
Unemployment Rate 13.956% (2019)
Click on a row to display its 5-year graph on the right.

Trade [1]

Imports of goods and services (current US$) $6,856,192,656 (2018)
Exports of goods and services (current US$) $4,785,177,777 (2018)
Total Merchandise Trade (% of GDP) 58.381% (2018)
FDI, net inflows (BoP, current US$) $1,207,045,719 (2018)
Commercial Service Exports (current US$) $3,574,339,200 (2018)
Click on a row to display its 5-year graph on the right.

Economic Snapshot [1]

Note: Percentile ranks are calculated using the latest available data for all countries within the last 5 years.

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

Sources

  1. The World Bank