Annual GDP growth in Albania, 1997 - 2020
Annual GDP Growth (year/year), 1997-2023* | % | ||||||||||||||||||||||||||
Years | 1997 | 1998 | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
Economic growth | -10.9 | 8.8 | 12.9 | 6.9 | 8.3 | 4.5 | 5.5 | 5.5 | 5.5 | 5.9 | 6 | 7.5 | 3,3 | 3,7 | 2,5 | 1,4 | 1,0 | 1,8 | 2,2 | 3,3 | 3,8 | 4,0 | 2,06 | -3,31 | 8,97 | 4,83 | 3,94 |
Source: MFE, BoA, WB, INSTAT * GDP growth revised, 2018-2023 |
Gross Domestic Product, 1999 - 2021
Gross Domestic Product (GDP), 1999 – 2023* | billions Lek | ||||||||||||||||||||||||
Emërtimi | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023* |
PBB | 506.2 | 523 | 583.3 | 622.7 | 694.1 | 750.8 | 814.8 | 882.2 | 966.6 | 1087.8 | 1,144.0 | 1,239.0 | 1,300.6 | 1,332.8 | 1,350.1 | 1,395.3 | 1,434.3 | 1,472.5 | 1,550.6 | 1,660.8 | 1,712.0 | 1,655.9 | 1,866.7 | 2,149.7 | 2,369.9 |
Source: MF, BSH, INSTAT * GDP revised, 2018-2023 |
Cost of Public Debt in Albania, 1997 - 2023 (% of GDP)
Cost of Public Debt in Albania, 1997 – 2023 | % GDP | ||||||||||||||||||||||||||
Years | 1997 | 1998 | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
Cost of debt | 5.7 | 9.3 | 7.9 | 5.9 | 4.2 | 4.1 | 4.4 | 3.9 | 3.2 | 2.9 | 2.7 | 2.9 | 3.2 | 3.4 | 3.2 | 3.1 | 3.2 | 2.9 | 2.7 | 2.5 | 2.1 | 2.2 | 2.1 | 2.1 | 1.9 | 1.9 | 2.1 |
Gross Domestic Product (GDP) per Capita in Albania (Lek/USD/Euro), 2002 -2022
GROSS DOMESTIC PRODUCT (GDP) PER CAPITA IN ALBANIA, 2002 -2022 | |||||||||||||||||||||
YEAR | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022¹ |
GDP/Capita (Lek)¹ | 197 063 | 200 653 | 224 495 | 260 241 | 278 453 | 298 493 | 397 541 | 386 643 | 429 697 | 466 250 | 452 667 | 451 813 | 520 312 | 500 583 | 529 081 | 510 009 | 573 345 | 593 258 | 596 886 | 659 744 | 736 741 |
Growth rate LEK (y/y) | 8,5% | 1,8% | 11,9% | 15,9% | 7,0% | 7,2% | 33,2% | -2,7% | 11,1% | 8,5% | -2,9% | -0,2% | 15,2% | -3,8% | 5,7% | -3,6% | 12,4% | 3,5% | 0,6% | 10,5% | 11,7% |
GDP/Capita (USd)² | 1425,1 | 1846,1 | 2373,6 | 2673,8 | 2972,7 | 3595,0 | 4370,5 | 4114,1 | 4094,3 | 4437,1 | 4247,6 | 4413,1 | 4578,6 | 3952,8 | 4124,1 | 4531,0 | 5287,7 | 5396,2 | 5332,2 | 6492,9 | 6789,0 |
Growth rate Usd (y/y) | 11,2% | 29,5% | 28,6% | 12,6% | 11,2% | 20,9% | 21,6% | -5,9% | -0,5% | 8,4% | -4,3% | 3,9% | 3,8% | -13,7% | 4,3% | 9,9% | 16,7% | 2,1% | -1,2% | 21,8% | 4,6% |
GDP/Capita (Euro³) | 1436,5 | 1534,5 | 1771,2 | 2129,4 | 2250,3 | 2468,3 | 3226,7 | 2838,7 | 3095,3 | 3370,4 | 3238,8 | 3221,6 | 3714,6 | 3637,0 | 3912,9 | 3826,9 | 4653,2 | 4855,5 | 4888,6 | 5337,2 | 6412,2 |
Growth rate EUR (y/y) | 7,9% | 6,8% | 15,4% | 20,2% | 5,7% | 9,7% | 30,7% | -12,0% | 9,0% | 8,9% | -3,9% | -0,5% | 15,3% | -2,1% | 7,6% | -2,2% | 21,6% | 4,3% | 0,7% | 9,2% | 20,1% |
¹ https://www.instat.gov.al/al/statistika/t%C3%AB-dh%C3%ABna-ky%C3%A7e/ | |||||||||||||||||||||
https://financa.gov.al/treguesit-e-borxhit/ | |||||||||||||||||||||
² https://data.worldbank.org/indicator/NY.GDP.PCAP.CD?locations=AL | |||||||||||||||||||||
³ https://www.bankofalbania.org/Tregjet/Kursi_zyrtar_i_kembimit/Arkiva_e_kursit_te_kembimit/ |
Domestic production by Regions, 2021
Domestic production by regions, 2021 | % | |||||||||||
Sectors | BR | DI | DR | EL | FR | GJ | KO | KU | LE | SH | TR | VL |
Agriculture, forestry, and fishing | 48.6 | 41 | 15.3 | 39 | 47.9 | 28.1 | 43.2 | 38.1 | 30.3 | 29.9 | 3.6 | 27.3 |
Extractive industry; Processing; Energy; water | 11 | 25.2 | 18.7 | 15.3 | 16.5 | 10.5 | 8.6 | 13.4 | 9.4 | 16.2 | 10.6 | 9.4 |
Construction | 6.6 | 4.1 | 10.8 | 8.1 | 5.9 | 8.9 | 5.4 | 6.2 | 11.4 | 9.2 | 14.2 | 13.3 |
Trade; Transportation; Hotels | 11.2 | 6.7 | 25.6 | 12.3 | 11.7 | 19.5 | 15.5 | 9 | 17.7 | 13.3 | 23 | 18.4 |
Information and communication | 1.4 | 1.3 | 1.2 | 1 | 0.9 | 2 | 1.4 | 1.7 | 1.4 | 1.6 | 6.3 | 1.7 |
Financial and insurance activities | 3 | 2.7 | 2.3 | 2 | 1.7 | 3.5 | 2.8 | 2.5 | 4 | 2.1 | 2.3 | 2.5 |
Real estate activities | 3.3 | 3.1 | 9.5 | 5.1 | 3.9 | 4.2 | 5.4 | 4 | 6.5 | 6.9 | 7.3 | 8.9 |
Scientific, professional, and technical activities | 1.3 | 1.7 | 6.3 | 2 | 2.7 | 3.9 | 1.6 | 1.3 | 2 | 3.2 | 12.1 | 3.9 |
Adm. Public; Education; Health etc. | 12.9 | 13.6 | 8.5 | 14 | 7.8 | 18.1 | 14.3 | 23.2 | 15.1 | 15.3 | 16.6 | 12.7 |
Arts, entertainment; recreation, etc. | 0.7 | 0.6 | 1.8 | 1.2 | 0.9 | 1.2 | 1.8 | 0.6 | 2.1 | 2.3 | 4 | 1.9 |
https://www.instat.gov.al/media/11570/pbb-rajonale-2021-shqip_njoftim-për-media.pdf | ||||||||||||
https://www.instat.gov.al/media/4639/material-metodologjik-llogaritë-rajonale.pdf |
Domestic production by regions in Albania, 2021
Regional GDP change | % | |||||||||||
Sectors | BR | DI | DR | EL | FR | GJ | KO | KU | LE | SH | TR | VL |
Agriculture, forestry, and fishing | 48.6 | 41 | 15.3 | 39 | 47.9 | 28.1 | 43.2 | 38.1 | 30.3 | 29.9 | 3.6 | 27.3 |
Extractive industry; Processing; Energy; water | 11 | 25.2 | 18.7 | 15.3 | 16.5 | 10.5 | 8.6 | 13.4 | 9.4 | 16.2 | 10.6 | 9.4 |
Construction | 6.6 | 4.1 | 10.8 | 8.1 | 5.9 | 8.9 | 5.4 | 6.2 | 11.4 | 9.2 | 14.2 | 13.3 |
Trade; Transportation; Hotels | 11.2 | 6.7 | 25.6 | 12.3 | 11.7 | 19.5 | 15.5 | 9 | 17.7 | 13.3 | 23 | 18.4 |
Information and communication | 1.4 | 1.3 | 1.2 | 1 | 0.9 | 2 | 1.4 | 1.7 | 1.4 | 1.6 | 6.3 | 1.7 |
Financial and insurance activities | 3 | 2.7 | 2.3 | 2 | 1.7 | 3.5 | 2.8 | 2.5 | 4 | 2.1 | 2.3 | 2.5 |
Real estate activities | 3.3 | 3.1 | 9.5 | 5.1 | 3.9 | 4.2 | 5.4 | 4 | 6.5 | 6.9 | 7.3 | 8.9 |
Scientific, professional, and technical activities | 1.3 | 1.7 | 6.3 | 2 | 2.7 | 3.9 | 1.6 | 1.3 | 2 | 3.2 | 12.1 | 3.9 |
Adm. Public; Education; Health etc. | 12.9 | 13.6 | 8.5 | 14 | 7.8 | 18.1 | 14.3 | 23.2 | 15.1 | 15.3 | 16.6 | 12.7 |
Arts, entertainment; recreation, etc. | 0.7 | 0.6 | 1.8 | 1.2 | 0.9 | 1.2 | 1.8 | 0.6 | 2.1 | 2.3 | 4 | 1.9 |
Per capita income, family expenditure and population, 2021
Lekë | ||||||||||||
Description | BR | DI | DR | EL | FR | GJ | KO | KU | LE | SH | TR | VL |
Average income per capita in 1 year | 530,503 | 479,281 | 640,121 | 475,775 | 714,125 | 682,622 | 483,539 | 394,511 | 460,846 | 467,045 | 886,000 | 566,629 |
Average income per capita in 1 month | 44,209 | 39,940 | 53,343 | 39,648 | 59,510 | 56,885 | 40,295 | 32,876 | 38,404 | 38,920 | 73,833 | 47,219 |
Average monthly expenses/family | 77,402 | 72,048 | 77,925 | 74,609 | 80,752 | 76,877 | 83,591 | 71,636 | 78,163 | 78,764 | 99,416 | 75,481 |
Population 1 January 2022 (number) | 115,050 | 109,585 | 291,325 | 259,112 | 278,413 | 55,278 | 197,303 | 72,768 | 117,283 | 193,009 | 919,511 | 184,955 |
Weight in GDP | 3.35 | 2.88 | 10.06 | 6.73 | 10.86 | 2.08 | 5.2 | 1.56 | 2.95 | 4.91 | 43.72 | 5.69 |
https://www.instat.gov.al/media/9828/popullsia-me-1-janar-2022_final-15-04-2022.pdf |
Differences in per capita income, family expenses and population, 2021 - 2019
Lekë | ||||||||||||
Description | BR | DI | DR | EL | FR | GJ | KO | KU | LE | SH | TR | VL |
Average income per capita in 1 year | 60,202 | 45,213 | 46,902 | 63,400 | 73,363 | 65,096 | 41,904 | 35,064 | 33,682 | 39,860 | 83,553 | 73,871 |
Average income per capita in 1 month | 5,017 | 3,768 | 3,909 | 5,283 | 6,114 | 5,425 | 3,492 | 2,922 | 2,807 | 3,322 | 6,963 | 6,156 |
Average monthly expenses/family | 3,219 | 4,243 | 1,507 | 5,706 | 1,132 | 3,954 | 1,367 | 1,873 | 2,185 | 2,469 | 1,014 | 5,390 |
Population 1 January 2022 (number) | -6,953 | -6,272 | 628 | -10,962 | -11,476 | -4,103 | -7,528 | -2,660 | -5,417 | -6,998 | 13,345 | -3,967 |
Share in GDP | -0.09 | -0.13 | -0.12 | 0.09 | -0.21 | -0.12 | -0.19 | -0.06 | -0.18 | -0.18 | 1.00 | 0.18 |
Average family size | 3.3 | 3.8 | 3.9 | 3.6 | 3.6 | 3.1 | 3.4 | 4.3 | 3.7 | 3.8 | 3.8 | 3.4 |
Foreign Direct Investments Flow, 2009 - 2021
Flow of Foreign Direct Investments, 2009-2021 | mln. Euro | ||||||||||||
Year | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021* |
Value of FDI | 717 | 793 | 630 | 666 | 945 | 869 | 890 | 942 | 899 | 1,022 | 1,079 | 933 | 1,031 |
* 12-months | |||||||||||||
Source: BSH, INSTAT, FMN, BB, MFE |
Income from immigrants, 2008 - 2023
Income from immigrants, 2008 – 2023 | Milion Euro | |||||||||||||||
Remittances | Vitet | |||||||||||||||
2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
834 | 782 | 689 | 664 | 676 | 545 | 592 | 598 | 615 | 636 | 670 | 702 | 673 | 761 | 834 | 929 |
Structural composition of taxes in the Western Balkans in 2022
Structural composition of taxes in the Western Balkans, 2022 | % tax revenues | ||||
Countries | PIT | CIT | VAT& Excises | Social Contributions | Other taxes |
Albania | 9.2 | 7.4 | 45.4 | 22.0 | 16.0 |
Kosovo | 10.1 | 6.1 | 78.7 | 0.0 | 5.2 |
Montenegro | 10.3 | 4.6 | 54.8 | 22.1 | 8.3 |
North Macedonia | 10.2 | 5.8 | 43.5 | 35.1 | 5.4 |
Serbia | 10.8 | 5.7 | 40.4 | 36.6 | 6.3 |
Bosnia-Herzegovina | 10.4 | 7 | 78.9 | 3.7 | 0 |
Source: IMF 2022 |
Tax Burden in the Western Balkans, 2012 - 2021
Tax Burden in the Western Balkans, 2012 -2021 | % GDP | |||||||||
Year | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 |
Albania | 26.9 | 24.6 | 25.2 | 25.6 | 25.7 | 24.8 | 23.7 | 24.1 | 24.7 | 24 |
Bosnia-Herzegovina | N/A | 37.8 | 38.1 | 38 | 37.2 | 37 | 37.5 | 37.6 | 37.3 | 38.8 |
Kosovo* | 25.8 | 24.6 | 26.5 | 26.1 | 26.3 | 26.3 | 25 | 24 | 24.6 | 25.4 |
Montenegro | 37.5 | 36.1 | 36.4 | 36.5 | 36 | 36.1 | 36 | 39.1 | 36.3 | 34.7 |
N.Macedonia | 27.9 | 25 | 25.9 | 26 | 25.5 | 25.3 | 25.2 | 25 | 24.2 | 25.2 |
Serbia | 39 | 35.5 | 36.8 | 35.9 | 36.1 | 35.1 | 34.6 | 35 | 33.4 | 34.2 |
* tax revenues also include those that are presented as non-tax in tax revenues | ||||||||||
Source: IMF, MoF |
Western Balkans: Informality, 2019
(% of total employment) | (% of GDP) | |
Country | Informal employment | Informal Sector |
Kosovo | > 35 | 30 – 35 |
Albania | 30 – 35 | 30 – 35 |
Bosnia-Herzegovina | 30 – 35 | 30 – 35 |
Montenegro | 30 – 35 | 30 – 35 |
Serbia | 20 | 23 – 30 |
North Macedonia | < 20 | 20 – 40 |
EU Average | 17 | 23 |
Sources: European Commission, World Bank, ILO, and IMF staff calculations |
Albania: VAT Refund and share to GDP, 1999 - 2021
Albania: VAT refunds, 1999 – 2021 | Billions Lekë | ||||||||||||||||||||||
Description | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 |
VAT Refunds | 0.2 | 0.3 | 1.2 | 0.47 | 0.9 | 1.00 | 2.0 | 1.8 | 2.1 | 2.4 | 3.0 | 8.2 | 6.7 | 10.4 | 10.7 | 9.6 | 7.7 | 8.9 | 13.9 | 14.4 | 23.5 | 16.6 | 24.1 |
Tax revenues | 83.6 | 104.1 | 114.3 | 128.9 | 145.4 | 166 | 183.8 | 205.5 | 228.2 | 264.4 | 270.8 | 288.5 | 303.9 | 300.8 | 299.9 | 335.8 | 342.3 | 369.9 | 398.6 | 419.3 | 426.3 | 398.6 | 478.32 |
Gross Domestic Product (GDP) | 506.2 | 523 | 583.3 | 622.7 | 694.1 | 750.8 | 814.8 | 882.2 | 966.6 | 1087.8 | 1,144.0 | 1,239.0 | 1,300.6 | 1,332.8 | 1,350.1 | 1,395.3 | 1,434.3 | 1,472.5 | 1,550.6 | 1,636.7 | 1,691.7 | 1,617.5 | 1769.25* |
Share of refunds to tax revenues | 0.2% | 0.3% | 1.0% | 0.4% | 0.6% | 0.6% | 1.1% | 0.9% | 0.9% | 0.9% | 1.1% | 2.8% | 2.2% | 3.5% | 3.6% | 2.9% | 2.2% | 2.4% | 3.5% | 3.4% | 5.5% | 4.2% | 5.0% |
Share of refunds to GDP | 0.04% | 0.1% | 0.2% | 0.1% | 0.1% | 0.1% | 0.2% | 0.2% | 0.2% | 0.2% | 0.3% | 0.7% | 0.5% | 0.8% | 0.8% | 0.7% | 0.5% | 0.6% | 0.9% | 0.9% | 1.4% | 1.0% | 1.4% |
Source: MoFE, BoA, GTD | |||||||||||||||||||||||
* preliminary data |
Corruption Index, 1999 - 2021
2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 1999 | |
Ranking by level of corruption | 110 | 104 | 106 | 99 | 91 | 83 | 88 | 110 | 116 | 113 | 95 | 87 | 95 | 85 | 105 | 111 | 126 | 108 | 92 | 81 | 84 |
Corruption Index | 35 | 36 | 35 | 36 | 38 | 39 | 36 | 33 | 31 | 33 | 31 | 33 | 32 | 30 | 29 | 26 | 24 | 20 | 25 | 25 | 27 |
Source: TI |
Inflation Rate in Albania, 1992 - 2021
Inflation Rate, Albania 1992 -2021 | % | |||||||||||||||||||||||||||||
Years | 1992 | 1993 | 1994 | 1995 | 1996 | 1997 | 1998 | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 |
Inflation | 226 | 85 | 22.6 | 7.8 | 12.7 | 33.2 | 20.6 | 0.4 | 0.1 | 3.1 | 5.3 | 2.4 | 2.9 | 2.4 | 2.4 | 2.9 | 2.2 | 3.5 | 3.6 | 3.4 | 1.9 | 2.1 | 1.6 | 1.8 | 1.3 | 2 | 2 | 1.4 | 1.6 | 2 |
Source: BoA, INSTAT |
Median Salary in Albania, 2000 - 2020
Median salary (public and private sector) 2000 – 2020 | 000 ALL | ||||||||||||||||||||
YEARS | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 |
Lawmakers, senior officials and executives | 24.4 | 29 | 34.5 | 37.2 | 37.55 | 44.3 | 51 | 59.2 | 60.5 | 71.5 | 73.5 | 76.5 | 81.7 | 82 | 82.4 | 82.8 | 83.5 | 84.4 | 86.5 | 87.5 | 88.8 |
Specialists | 18.2 | 20.2 | 23.1 | 26 | 27.02 | 29.9 | 33.4 | 39.1 | 42.5 | 50.3 | 55.3 | 58.9 | 60 | 60.8 | 61 | 61.2 | 61.6 | 62.5 | 64.4 | 68.6 | 70.1 |
Specialist technicians and assistants | 13.5 | 16.3 | 18.3 | 19.4 | 20.05 | 24.5 | 25.9 | 31.3 | 33.6 | 40.7 | 43 | 45.3 | 46.3 | 47.3 | 47.4 | 48.7 | 49.1 | 55.1 | 56.8 | 56.7 | 59 |
Simple clerks | 14.4 | 15.6 | 17 | 20.3 | 21.25 | 23.9 | 24.2 | 27.8 | 29.6 | 34 | 36.2 | 37.9 | 40 | 41 | 41.1 | 42 | 42.4 | 48.9 | 51 | 52.1 | 54 |
Laborers | 12.4 | 13.8 | 14.5 | 16.8 | 17.08 | 19.6 | 21.3 | 23.9 | 25.1 | 31.5 | 33.8 | 36 | 36.1 | 36.9 | 37.1 | 37.5 | 37.9 | 40 | 42.2 | 46.2 | 47.1 |
Median salary | 16.6 | 19 | 21.5 | 23.9 | 24.59 | 28.4 | 31.2 | 36.3 | 38.3 | 45.6 | 48.3 | 50.9 | 52.8 | 53.6 | 53.8 | 54.4 | 54.9 | 58.2 | 60.2 | 62.2 | 63.8 |
Source: INSTAT |