Central government debt, total in Albania
Albania: Central government debt, total was 50.0% in 2024. ▲ Rising
Central government debt, total in Albania, 1995–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
Albania recorded 50.0% for central government debt, total in 2024.
That represents a change of down 5.8% on the previous year and down 31.5% over ten years.
Over the whole period, central government debt, total in Albania peaked at 83.5% in 2020 and was at its lowest, 29.5%, in 1995.
Albania ranks 48th of 83 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 18 years of available data.
Central government debt, total in Albania, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1995 | 29.5% | — |
| 1996 | 37.1% | +25.9% |
| 1997 | 52.3% | +41.0% |
| 1998 | 54.4% | +4.0% |
| 2011 | 69.2% | +27.2% |
| 2012 | 64.1% | -7.4% |
| 2013 | 70.5% | +10.0% |
| 2014 | 72.9% | +3.5% |
| 2015 | 79.3% | +8.7% |
| 2016 | 79.9% | +0.7% |
| 2017 | 74.5% | -6.7% |
| 2018 | 63.6% | -14.6% |
| 2019 | 74.8% | +17.6% |
| 2020 | 83.5% | +11.6% |
| 2021 | 81.9% | -1.8% |
| 2022 | 58.5% | -28.6% |
| 2023 | 53.0% | -9.4% |
| 2024 | 50.0% | -5.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 43.3% | 29.5% | 54.4% | 4 |
| 2010s | 72.1% | 63.6% | 79.9% | 9 |
| 2020s | 65.4% | 50.0% | 83.5% | 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)
- Total reserves minus gold (current US$), annual growth rate 29.68 % change on previous year (2025)
- Total reserves minus gold (current US$), per unit of GDP 0.2645 current US$ per US$ of GDP (2025)
- Total reserves minus gold (current US$), per capita 3,438 current US$ per person (2025)
- General government final consumption expenditure (current US$) 16.83 % change on previous year (2025)
- General government final consumption expenditure (current US$), per 0.1285 current US$ per US$ of GDP (2025)
- General government final consumption expenditure (current US$), per 1,670 current US$ per person (2025)
- General government final consumption expenditure (current LCU) 8.9 % change on previous year (2025)
- General government final consumption expenditure (current LCU), per 11.15 current LCU per US$ of GDP (2025)
Frequently asked questions
- What is central government debt, total in Albania?
- Central government debt, total in Albania was 50.0% in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest central government debt, total recorded in Albania?
- The highest recorded value was 83.5% in 2020.
- What is the lowest central government debt, total recorded in Albania?
- The lowest recorded value was 29.5% in 1995.
- How does Albania rank for central government debt, total?
- Albania ranks 48th out of 83 countries with data for 2024.
- Is central government debt, total rising or falling in Albania?
- Over the last ten years it is down 31.5%. The long-run trend across the full record is rising.
- Where does this Albania data come from?
- The figures come from Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Central government debt, total (% of GDP). Statizoid updates them automatically from the source API.
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About this data
Debt is the entire stock of direct government fixed-term contractual obligations to others outstanding on a particular date. It includes domestic and foreign liabilities such as currency and money deposits, securities other than shares, and loans. It is the gross amount of government liabilities reduced by the amount of equity and financial derivatives held by the government. Because debt is a stock rather than a flow, it is measured as of a given date, usually the last day of the fiscal year. Central government is the part of general government that includes all administrative departments of the national executive, legislative, and judicial functions, other central agencies and those non-market producers controlled by the central government, whose competence extends normally over the whole economic territory. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.