Annual GDP growth in Albania
Albania: Annual GDP growth was 4.0% in 2024. ◆ Volatile
Annual GDP growth in Albania, 2000–2024
Source: World Bank – processed by Our World in Data. Measured in %.
Analysis
The most recent figure for annual gdp growth in Albania is 4.0%, measured in 2024.
The figure is up 0.7% on the previous year and up 80.8% 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.
That places Albania 71st out of 212 countries with data for 2024, putting it 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% | -47.7% |
| 2003 | 5.3% | +15.1% |
| 2004 | 5.3% | -1.1% |
| 2005 | 5.1% | -2.7% |
| 2006 | 6.0% | +17.3% |
| 2007 | 6.5% | +8.0% |
| 2008 | 6.9% | +6.3% |
| 2009 | 2.7% | -61.1% |
| 2010 | 3.0% | +10.4% |
| 2011 | 2.5% | -17.2% |
| 2012 | 1.0% | -60.2% |
| 2013 | 1.7% | +74.5% |
| 2014 | 2.2% | +31.0% |
| 2015 | 2.2% | -0.4% |
| 2016 | 3.9% | +75.3% |
| 2017 | 3.3% | -16.1% |
| 2018 | 3.7% | +11.9% |
| 2019 | 2.1% | -43.9% |
| 2020 | -3.3% | -260.7% |
| 2021 | 9.0% | -371.0% |
| 2022 | 4.8% | -46.2% |
| 2023 | 4.0% | -16.8% |
| 2024 | 4.0% | +0.7% |
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. (58 countries reporting)
- Albania's 4.0% is above the median for Europe & Central Asia, which is 2.1%, 1.9× 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 | +371.0% | -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
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)
- Foreign direct investment, net outflows (BoP, current US$), gaps 341.64 million BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0112 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita 145.41 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 1.85 billion BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual 8.27 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0606 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita 788.1 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate 32.02 % 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 World Bank – processed by Our World in Data.
- 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 71st out of 212 countries with data for 2024.
- Is annual gdp growth rising or falling in Albania?
- Over the last ten years it is up 80.8%. The long-run trend across the full record is volatile.
- Where does this Albania data come from?
- The figures come from World Bank – processed by Our World in Data, published as part of Annual GDP growth. Statizoid updates them automatically from the source API.
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About this data
Annual GDP growth (%).