Annual growth of the gross capital formation in Albania
Albania: Annual growth of the gross capital formation was 14.2% in 2024. ◆ Volatile
Annual growth of the gross capital formation in Albania, 2000–2024
Source: World Bank – processed by Our World in Data. Measured in %.
Analysis
In 2024, annual growth of the gross capital formation in Albania stood at 14.2%.
Compared with earlier readings it is up 342.7% on the previous year and up 1,216.7% over ten years.
Over the whole period, annual growth of the gross capital formation in Albania peaked at 47.1% in 2000 and was at its lowest, -8.8%, in 2012.
That places Albania 20th out of 167 countries with data for 2024, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Annual growth of the gross capital formation in Albania, year by year
| Year | % | Change |
|---|---|---|
| 2000 | 47.1% | — |
| 2001 | 21.9% | -53.5% |
| 2002 | 5.0% | -77.0% |
| 2003 | -6.0% | -218.9% |
| 2004 | 2.9% | -147.8% |
| 2005 | 5.1% | +78.3% |
| 2006 | 3.7% | -26.7% |
| 2007 | 3.4% | -9.4% |
| 2008 | 2.9% | -14.5% |
| 2009 | 2.6% | -10.7% |
| 2010 | -8.5% | -429.7% |
| 2011 | 4.9% | -157.8% |
| 2012 | -8.8% | -277.7% |
| 2013 | 0.3% | -104.0% |
| 2014 | 1.1% | +208.6% |
| 2015 | 2.0% | +88.0% |
| 2016 | 1.9% | -6.9% |
| 2017 | 8.2% | +332.3% |
| 2018 | 1.8% | -77.7% |
| 2019 | -3.9% | -315.9% |
| 2020 | 0.6% | -114.2% |
| 2021 | 21.0% | +3655.4% |
| 2022 | 0.1% | -99.3% |
| 2023 | -5.9% | -4006.7% |
| 2024 | 14.2% | -342.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 8.9% | -6.0% | 47.1% | 10 |
| 2010s | -0.1% | -8.8% | 8.2% | 10 |
| 2020s | 6.0% | -5.9% | 21.0% | 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)
- 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)
Frequently asked questions
- What is annual growth of the gross capital formation in Albania?
- Annual growth of the gross capital formation in Albania was 14.2% in 2024, according to World Bank – processed by Our World in Data.
- What is the highest annual growth of the gross capital formation recorded in Albania?
- The highest recorded value was 47.1% in 2000.
- What is the lowest annual growth of the gross capital formation recorded in Albania?
- The lowest recorded value was -8.8% in 2012.
- How does Albania rank for annual growth of the gross capital formation?
- Albania ranks 20th out of 167 countries with data for 2024.
- Is annual growth of the gross capital formation rising or falling in Albania?
- Over the last ten years it is up 1,216.7%. 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 growth of the gross capital formation. Statizoid updates them automatically from the source API.
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About this data
Annual growth of the gross capital formation (%).