Labor force | 1.388 million (2023 est.) |
---|---|
Industrial production growth rate | 4.03% (2023 est.) |
Industries | food; footwear, apparel and clothing; lumber, oil, cement, chemicals, mining, basic metals, hydropower |
Population below poverty line | 22% (2020 est.) |
Taxes and other revenues | 18.2% (of GDP) (2021 est.) |
Fiscal year | |
Exchange rates | |
Currency | leke (ALL) per US dollar - |
Exchange rates 2023 | 100.645 (2023 est.) |
Exchange rates 2022 | 113.042 (2022 est.) |
Exchange rates 2021 | 103.52 (2021 est.) |
Exchange rates 2020 | 108.65 (2020 est.) |
Exchange rates 2019 | 109.851 (2019 est.) |
Debt - external | |
Debt - external 2022 | $4.624 billion (2022 est.) |
Reserves of foreign exchange and gold | |
Reserves of foreign exchange and gold 2023 | $6.455 billion (2023 est.) |
Reserves of foreign exchange and gold 2022 | $5.266 billion (2022 est.) |
Reserves of foreign exchange and gold 2021 | $5.635 billion (2021 est.) |
Current account balance | |
Current account balance 2023 | -$202.323 million (2023 est.) |
Current account balance 2022 | -$1.117 billion (2022 est.) |
Current account balance 2021 | -$1.37 billion (2021 est.) |
Public debt | |
Public debt 2021 | 82.38% of GDP (2021 est.) |
Budget | |
Revenues | $5.319 billion (2021 est.) |
Expenditures | $4.4 billion (2021 est.) |
Budget surplus (+) or deficit (-) | |
Remittances | |
Remittances 2023 | 8.57% of GDP (2023 est.) |
Remittances 2022 | 9.23% of GDP (2022 est.) |
Remittances 2021 | 9.58% of GDP (2021 est.) |
Household income | |
Lowest 10% | 3.4% (2020 est.) |
Highest 10% | 22.8% (2020 est.) |
Imports | |
Imports 2023 | $10.373 billion (2023 est.) |
Imports 2022 | $9.016 billion (2022 est.) |
Imports 2021 | $8.004 billion (2021 est.) |
Imports (partners) | Italy 25%, Turkey 14%, Greece 12%, China 10%, Germany 5% (2022) |
Comodities Imports force | refined petroleum, garments, electricity, cars, raw iron bars (2022) |
Exports | |
Imports 2023 | $10.373 billion (2023 est.) |
Imports 2022 | $9.016 billion (2022 est.) |
Imports 2021 | $8.004 billion (2021 est.) |
Exports (partners) | Italy 41%, Greece 10%, Spain 7%, Germany 5%, China 4% (2022) |
Comodities Exports force | garments, footwear, iron alloys, electricity, crude petroleum (2022) |
Real GDP (purchasing power parity) | |
Real GDP (purchasing power parity) 2023 | $49.592 billion (2023 est.) |
Real GDP (purchasing power parity) 2022 | $47.943 billion (2022 est.) |
Real GDP (purchasing power parity) 2021 | $45.723 billion (2021 est.) |
GDP (official exchange rate) | $22.978 billion (2023 est.) |
Real GDP Per capita | |
Real GDP per capita 2023 | $18,100 (2023 est.) |
Real GDP per capita 2022 | $17,300 (2022 est.) |
Real GDP per capita 2021 | $16,300 (2021 est.) |
GDP - composition, by sector of origin | |
Agriculture | 18.3% (2023 est.) |
Industry | 21.2% (2023 est.) |
Services | 48% (2023 est.) |
GDP - composition, by end use | |
Household consumption | 75.5% (2023 est.) |
Government consumption | 11.1% (2023 est.) |
Investment in fixed capital | 24.4% (2023 est.) |
Investment in inventories | 0.5% (2021 est.) |
Exports of goods and services | 39.6% (2023 est.) |
Imports of goods and services | -44.9% (2023 est.) |
Unemployment rate | |
Unemployment rate 2023 | 11.58% (2023 est.) |
Unemployment rate 2022 | 11.59% (2022 est.) |
Unemployment rate 2021 | 12.47% (2021 est.) |
Youth unemployment rate (ages 15-24) | |
Total | 28.2% (2023 est.) |
Male | 29.1% (2023 est.) |
Female | 27% (2023 est.) |
Want to know more about Albania? Check all different factbooks for Albania below.