Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP in Albania
Albania: Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP was 3.74 Percent per annum in 2029. ◆ Volatile
Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP in Albania, 1990–2029
Source: Organisation for Economic Co-operation and Development. Measured in Percent per annum.
Analysis
Albania recorded 3.74 Percent per annum for africa's development dynamics (afdd) table 04 - annual real gdp in 2029.
Compared with earlier readings it is up 0.8% on the previous year and up 70.0% over ten years.
Over the whole period, africa's development dynamics (afdd) table 04 - annual real gdp in Albania peaked at 13.73 Percent per annum in 1999 and was at its lowest, -28.15 Percent per annum, in 1991.
That places Albania 26th out of 166 countries with data for 2029, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP in Albania, year by year
| Year | Percent per annum | Change |
|---|---|---|
| 1990 | -10.35 Percent per annum | — |
| 1991 | -28.15 Percent per annum | +172.0% |
| 1992 | -7.25 Percent per annum | -74.3% |
| 1993 | 9.7 Percent per annum | -233.9% |
| 1994 | 9.62 Percent per annum | -0.8% |
| 1995 | 9.22 Percent per annum | -4.2% |
| 1996 | 9.53 Percent per annum | +3.4% |
| 1997 | -10.44 Percent per annum | -209.5% |
| 1998 | 9.55 Percent per annum | -191.5% |
| 1999 | 13.73 Percent per annum | +43.7% |
| 2000 | 7.83 Percent per annum | -43.0% |
| 2001 | 9.27 Percent per annum | +18.4% |
| 2002 | 5.54 Percent per annum | -40.2% |
| 2003 | 6.57 Percent per annum | +18.6% |
| 2004 | 6.56 Percent per annum | -0.2% |
| 2005 | 6.57 Percent per annum | +0.1% |
| 2006 | 6.93 Percent per annum | +5.5% |
| 2007 | 6.96 Percent per annum | +0.3% |
| 2008 | 8.39 Percent per annum | +20.6% |
| 2009 | 4.1 Percent per annum | -51.1% |
| 2010 | 4.32 Percent per annum | +5.3% |
| 2011 | 3 Percent per annum | -30.6% |
| 2012 | 1.71 Percent per annum | -42.8% |
| 2013 | 1.18 Percent per annum | -31.0% |
| 2014 | 1.88 Percent per annum | +58.7% |
| 2015 | 2.28 Percent per annum | +21.3% |
| 2016 | 3.37 Percent per annum | +47.9% |
| 2017 | 3.86 Percent per annum | +14.8% |
| 2018 | 4.1 Percent per annum | +6.2% |
| 2019 | 2.2 Percent per annum | -46.4% |
| 2020 | -3.06 Percent per annum | -239.4% |
| 2021 | 9.37 Percent per annum | -405.8% |
| 2022 | 5.3 Percent per annum | -43.4% |
| 2023 | 3.66 Percent per annum | -31.0% |
| 2024 | 3.31 Percent per annum | -9.4% |
| 2025 | 3.55 Percent per annum | +7.2% |
| 2026 | 3.69 Percent per annum | +3.8% |
| 2027 | 3.67 Percent per annum | -0.5% |
| 2028 | 3.71 Percent per annum | +1.1% |
| 2029 | 3.74 Percent per annum | +0.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 0.5171 Percent per annum | -28.15 Percent per annum | 13.73 Percent per annum | 10 |
| 2000s | 6.87 Percent per annum | 4.1 Percent per annum | 9.27 Percent per annum | 10 |
| 2010s | 2.79 Percent per annum | 1.18 Percent per annum | 4.32 Percent per annum | 10 |
| 2020s | 3.69 Percent per annum | -3.06 Percent per annum | 9.37 Percent per annum | 10 |
Countries ranked near Albania
- 23 United Arab Emirates 3.85 Percent per annum compare
- 24 Estonia 2.48 Percent per annum compare
- 24 Romania 3.82 Percent per annum compare
- 25 South Sudan 3.82 Percent per annum compare
- 26 Equatorial Guinea 0.7967 Percent per annum compare
- 27 Tanzania, United Republic of 3.67 Percent per annum compare
- 28 North Macedonia 3.63 Percent per annum compare
- 28 Mauritania -0.3933 Percent per annum compare
- 29 Hungary 3.53 Percent per annum compare
More economy & growth data for Albania
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 3.47 Percent per annum (2029)
- Gross capital formation (current US$), annual growth rate 22.52 % change on previous year (2024)
- Gross capital formation (current US$), per unit of GDP 0.2495 current US$ per US$ of GDP (2024)
- Gross capital formation (current US$), per capita 2,838 current US$ per person (2024)
- Gross capital formation (current LCU), annual growth rate 13.37 % change on previous year (2024)
- Gross capital formation (current LCU), per unit of GDP 23.24 current LCU per US$ of GDP (2024)
- Gross capital formation (current LCU), per capita 264,283 current LCU per person (2024)
- Gross capital formation (constant 2015 US$), annual growth rate 14.22 % change on previous year (2024)
- Gross capital formation (constant 2015 US$), per unit of GDP 0.1667 constant 2015 US$ per US$ of GDP (2024)
- Gross capital formation (constant 2015 US$), per capita 1,896 constant 2015 US$ per person (2024)
Frequently asked questions
- What is africa's development dynamics (afdd) table 04 - annual real gdp in Albania?
- Africa's development dynamics (afdd) table 04 - annual real gdp in Albania was 3.74 Percent per annum in 2029, according to Organisation for Economic Co-operation and Development.
- What is the highest africa's development dynamics (afdd) table 04 - annual real gdp recorded in Albania?
- The highest recorded value was 13.73 Percent per annum in 1999.
- What is the lowest africa's development dynamics (afdd) table 04 - annual real gdp recorded in Albania?
- The lowest recorded value was -28.15 Percent per annum in 1991.
- How does Albania rank for africa's development dynamics (afdd) table 04 - annual real gdp?
- Albania ranks 26th out of 166 countries with data for 2029.
- Is africa's development dynamics (afdd) table 04 - annual real gdp rising or falling in Albania?
- Over the last ten years it is up 70.0%. The long-run trend across the full record is volatile.
- Where does this Albania data come from?
- The figures come from Organisation for Economic Co-operation and Development, published as part of Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP growth per capita — Growth rate of real gross domestic product per capita. Statizoid updates them automatically from the source API.
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About this data
The Statistical Annex to the annual Africa's Development Dynamics (AFDD) report is a collection of development indicators that were gathered and analysed while conducting the research that went into the report. These data are also available online for free viewing or download at https://oe.cd/AFDD-2024, a bilingual website which links to the electronic version of the Africa's Development Dynamics book in both English and French. Table 4 shows the full time series of annual real GDP growth per capta, up to present, and including projected real GDP growth rates over the next five years calculated using the real GDP growth and population growth figures reported in the AfDD Statistical Annex.