Population: 2.8 million in 20131
GDP: $12.9 billion in 20132
GDP per capita: $4,659 nominal3 ($10,489 PPP4) in 2013
GDP growth rate: 1.4% in 20135
GDP by Industry 20126
Industry sector | Value added ($ millions) 2012 | Percent of total |
Other activities | 3,071 | 26.7% |
Wholesale, retail trade, restaurants and hotels | 2,509 | 21.8% |
Agriculture, hunting, forestry, fishing | 2,246 | 19.5% |
Construction | 1,230 | 10.7% |
Transport, storage and communication | 1,078 | 9.4% |
Manufacturing | 925 | 8.0% |
Mining and utilities | 461 | 4.0% |
Total value added | 11,520 | 100% |
Unemployment rate: 16.0% in 20137
Employment by Industry 20128
Employment sector | Percent of total |
Agriculture | 55% |
Services | 32% |
Industry | 13% |
Total | 100% |
Top 10 Corporations by Revenue 20139
N/A
Household Wealth: $23 billion (178% of GDP) in 201410
Household Wealth per Adult: $10,309 in 201410
Gini Coefficient: .345 in 201311
Central Government
Central Government Revenue: $3.1 billion (24% of GDP) in 201312
Central Government Expenditure: $3.9 billion (30% of GDP) in 201312
Central Government Budget Balance: -$0.8 billion (-6% of GDP) in 201312
Central Government Public Debt: N/A
Central Government 10 Year Bond Interest Rate: N/A
Government Funds
N/A
Tax Structure
Individual Income Tax Rates and Thresholds in 2013* 13
Corporate Tax Rate: 10% in 201414
* Individual thresholds calculated using the exchange rate 123 ALL = 1 USD
Money Supply (M1): $2.4 billion (19% of GDP) in 2013* 15
Benchmark Interest Rate: 2% in Feb 201516
Total Reserves: $2.8 billion (22% of GDP) in 201317
Exchange Rate: 123 Albanian Lek = 1 U.S. Dollar on Feb 17, 201518
Inflation: 1.9% in 201319
* Money supply calculated using the exchange rate 123 ALL = 1 USD
Top 10 Financial Institutions by Assets 201320
N/A (data not available at Relbanks.com)
Exports: $2.3 billion (18% of GDP) in 201321
Imports: $4.8 billion (37% of GDP) in 201321
Trade Balance: -$2.5 billion (-19% of GDP) in 201321
Foreign Direct Investment Inflow: $1.3 billion (10% of GDP) in 201322
Foreign Direct Investment Outflow: N/A
Foreign Aid Inflow: $342 million (3% of GDP) in 201223
Foreign Aid Outflow: N/A
1. Source: World Bank Indicators (Population) Go back
2. Source: World Bank Indicators (GDP) Go back
3. Source: World Bank Indicators (GDP per capita) Go back
4. Source: World Bank Indicators (GDP per capita PPP) Go back
5. Source: World Bank Indicators (GDP growth rate) Go back
6. Source: United Nations Statistics Division (GDP by industry) Go back
7. Source: World Bank Indicators (Unemployment rate) Go back
8. Source: CIA World Factbook (Employment by economic activity) Go back
9. Source: Annual reports (Corporate data) Go back
10. Source: Credit Suisse Global Wealth Databook (Household wealth) Go back
11. Source: UN Human Development Report (Gini coefficient) Go back
12. Source: CIA World Factbook (Government budget) Go back
13. Source: Ernst & Young, Worldwide Personal Tax Guide (Individual tax rates) Go back
14. Source: Tax Foundation (Corporate tax rate) Go back
15. Source: Bank of Albania, Statistical Report (Money supply) Go back
16. Source: Bank of Albania (Benchmark interest rate) Go back
17. Source: World Bank Indicators (Total reserves) Go back
18. Source: xe.com (Exchange rate) Go back
19. Source: World Bank Indicators (Inflation rate) Go back
20. Source: Relbanks.com (Financial institutions by assets) Go back
21. Source: CIA World Factbook (Trade data) Go back
22. Source: World Bank Indicators (FDI data) Go back
23. Source: World Bank Indicators (Aid data) Go back