Annual GDP growth (%) in Albania
Albania: Annual GDP growth (%) was 4.0% in 2024. ◆ Volatile
Annual GDP growth in Albania, 2000–2024
Source: United Nations Statistics Division, SDG Global Database. Measured in %.
Analysis
Albania recorded 4.0% for annual gdp growth in 2024.
That represents a change of up 0.8% on the previous year and up 80.6% over ten years.
Over the whole period, annual gdp growth in Albania peaked at 9.0% in 2021 and was at its lowest, -3.3%, in 2020.
Albania ranks 79th of 230 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Annual GDP growth (%) in Albania, year by year
| Year | % | Change |
|---|---|---|
| 2000 | 7.5% | — |
| 2001 | 8.9% | +18.8% |
| 2002 | 4.6% | -47.8% |
| 2003 | 5.3% | +15.2% |
| 2004 | 5.3% | -1.3% |
| 2005 | 5.1% | -2.6% |
| 2006 | 6.0% | +17.3% |
| 2007 | 6.5% | +8.0% |
| 2008 | 6.9% | +6.3% |
| 2009 | 2.7% | -61.0% |
| 2010 | 3.0% | +10.5% |
| 2011 | 2.5% | -17.1% |
| 2012 | 1.0% | -60.1% |
| 2013 | 1.7% | +73.5% |
| 2014 | 2.2% | +31.2% |
| 2015 | 2.2% | -0.6% |
| 2016 | 3.9% | +75.5% |
| 2017 | 3.3% | -16.0% |
| 2018 | 3.7% | +11.8% |
| 2019 | 2.1% | -43.8% |
| 2020 | -3.3% | -260.7% |
| 2021 | 9.0% | -370.7% |
| 2022 | 4.8% | -46.2% |
| 2023 | 4.0% | -16.8% |
| 2024 | 4.0% | +0.8% |
Albania compared with similar countries
- Albania's 4.0% is above the median for upper middle income countries, which is 3.5%, 1.2× the median. (56 countries reporting)
- Albania's 4.0% is above the median for Europe & Central Asia, which is 2.6%, 1.6× the median. (55 countries reporting)
Biggest year-on-year movements
Years where Annual GDP growth (%) in Albania changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2021 | +370.7% | -3.3% | 9.0% |
| 2020 | -260.7% | 2.1% | -3.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 5.9% | 2.7% | 8.9% | 10 |
| 2010s | 2.6% | 1.0% | 3.9% | 10 |
| 2020s | 3.7% | -3.3% | 9.0% | 5 |
Countries ranked near Albania
- 76 Saint Vincent and the Grenadines 4.1% compare
- 77 Brunei Darussalam 4.1% compare
- 77 Brunei 4.1% compare
- 80 Liberia 4.0% compare
- 81 Belarus 4.0% compare
- 82 United Arab Emirates 4.0% compare
More economy & growth data for Albania
- Real gdp growth, annual growth rate 0.7721 % change on previous year (2024)
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 3.74 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 3.47 Percent per annum (2029)
- SDRs holdings, US dollar, annual growth rate 18.71 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0092 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 119.44 units per person (2025)
- SDRs holdings, SDR, annual growth rate 13.04 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0067 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 87.21 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate -30.02 % change on previous year (2025)
Frequently asked questions
- What is annual gdp growth in Albania?
- Annual gdp growth in Albania was 4.0% in 2024, according to United Nations Statistics Division, SDG Global Database.
- What is the highest annual gdp growth recorded in Albania?
- The highest recorded value was 9.0% in 2021.
- What is the lowest annual gdp growth recorded in Albania?
- The lowest recorded value was -3.3% in 2020.
- How does Albania rank for annual gdp growth?
- Albania ranks 79th out of 230 countries with data for 2024.
- Is annual gdp growth rising or falling in Albania?
- Over the last ten years it is up 80.6%. The long-run trend across the full record is volatile.
- Where does this Albania data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Annual GDP growth (%). Statizoid updates them automatically from the source API.
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