Annual GDP growth in Albania
Albania: Annual GDP growth was 4.0% in 2024. ◆ Volatile
Latest (2024)
4.0%
Change on year
up 0.8%
World rank
65th
of 196 countries
All-time high
9.0%
in 2021
All-time low
-3.3%
in 2020
Years of data
25
2000–2024
Annual GDP growth in Albania, 2000–2024
Source: United Nations Statistics Division, SDG Global Database.
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 65th of 196 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 | Value | 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% |
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
- 62 Nigeria 4.1% compare
- 63 Saint Vincent and the Grenadines 4.1% compare
- 64 Brunei Darussalam 4.1% compare
- 66 Liberia 4.0% compare
- 67 Belarus 4.0% compare
- 68 United Arab Emirates 4.0% compare
More economy & growth data for Albania
- 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)
- GDP (current US$), annual growth rate 12.96 % change on previous year (2025)
- GDP (current US$), per capita 12,998 current US$ per person (2025)
- GDP (current LCU), annual growth rate 5.29 % change on previous year (2025)
- GDP (current LCU), per unit of GDP 86.8 current LCU per US$ of GDP (2025)
- GDP (current LCU), per capita 1.13 million current LCU per person (2025)
- GDP (constant 2015 US$), annual growth rate 3.79 % change on previous year (2025)
- GDP (constant 2015 US$), per unit of GDP 0.5291 constant 2015 US$ per US$ of GDP (2025)
- GDP (constant 2015 US$), per capita 6,877 constant 2015 US$ per person (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 65th out of 196 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.
Download this data
CSV · JSON — 25 observations, free to reuse under UN SDG Global Database (open, attribution requested).