Current account balance as a proportion of GDP (%) in Albania
Albania: Current account balance as a proportion of GDP (%) was -2.4% in 2024. ▲ Rising
Latest (2024)
-2.4%
Change on year
down 99.8%
World rank
123rd
of 205 countries
All-time high
-1.2%
in 2023
All-time low
-15.2%
in 2008
Years of data
25
2000–2024
Current account balance as a proportion of GDP in Albania, 2000–2024
Source: United Nations Statistics Division, SDG Global Database. Measured in %.
Analysis
In 2024, current account balance as a proportion of gdp in Albania stood at -2.4%.
The figure is down 99.8% on the previous year and up 77.7% over ten years.
Over the whole period, current account balance as a proportion of gdp in Albania peaked at -1.2% in 2023 and was at its lowest, -15.2%, in 2008.
Albania ranks 123rd of 205 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 25 years of available data.
Current account balance as a proportion of GDP (%) in Albania, year by year
| Year | % | Change |
|---|---|---|
| 2000 | -4.4% | — |
| 2001 | -5.4% | +22.8% |
| 2002 | -9.0% | +68.5% |
| 2003 | -7.0% | -22.3% |
| 2004 | -4.8% | -31.1% |
| 2005 | -6.9% | +43.2% |
| 2006 | -7.3% | +5.9% |
| 2007 | -10.4% | +41.2% |
| 2008 | -15.2% | +46.7% |
| 2009 | -15.0% | -1.1% |
| 2010 | -11.2% | -25.3% |
| 2011 | -12.9% | +14.6% |
| 2012 | -10.3% | -20.1% |
| 2013 | -9.3% | -9.8% |
| 2014 | -10.7% | +15.8% |
| 2015 | -8.5% | -20.3% |
| 2016 | -7.5% | -12.1% |
| 2017 | -7.4% | -1.4% |
| 2018 | -6.6% | -10.8% |
| 2019 | -7.8% | +18.4% |
| 2020 | -8.6% | +10.3% |
| 2021 | -7.6% | -11.9% |
| 2022 | -5.9% | -22.7% |
| 2023 | -1.2% | -79.6% |
| 2024 | -2.4% | +99.8% |
Albania compared with similar countries
- Albania's -2.4% is below the median for upper middle income countries, which is -2.1%, 1.1× the median. (53 countries reporting)
- Albania's -2.4% is below the median for Europe & Central Asia, which is -0.7%, 3.4× the median. (50 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -8.5% | -15.2% | -4.4% | 10 |
| 2010s | -9.2% | -12.9% | -6.6% | 10 |
| 2020s | -5.1% | -8.6% | -1.2% | 5 |
Countries ranked near Albania
- 120 North Macedonia -2.1% compare
- 121 United Kingdom of Great Britain and Northern Ireland -2.2% compare
- 121 United Kingdom -2.2% compare
- 124 Saint Lucia -2.5% compare
- 125 Ethiopia -2.5% compare
- 126 Belarus -2.6% 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 current account balance as a proportion of gdp in Albania?
- Current account balance as a proportion of gdp in Albania was -2.4% in 2024, according to United Nations Statistics Division, SDG Global Database.
- What is the highest current account balance as a proportion of gdp recorded in Albania?
- The highest recorded value was -1.2% in 2023.
- What is the lowest current account balance as a proportion of gdp recorded in Albania?
- The lowest recorded value was -15.2% in 2008.
- How does Albania rank for current account balance as a proportion of gdp?
- Albania ranks 123rd out of 205 countries with data for 2024.
- Is current account balance as a proportion of gdp rising or falling in Albania?
- Over the last ten years it is up 77.7%. The long-run trend across the full record is rising.
- Where does this Albania data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Current account balance as a proportion of GDP (%). Statizoid updates them automatically from the source API.
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