External debt as a share of gross national income in Albania
Albania: External debt as a share of gross national income was 39.7% in 2024. ▲ Rising
Latest (2024)
39.7%
Change on year
down 18.4%
World rank
68th
of 121 countries
All-time high
73.8%
in 2017
All-time low
21.2%
in 2004
Years of data
25
2000–2024
External debt as a share of gross national income in Albania, 2000–2024
Source: World Bank – processed by Our World in Data. Measured in %.
Analysis
In 2024, external debt as a share of gross national income in Albania stood at 39.7%.
That represents a change of down 18.4% on the previous year and down 37.4% over ten years.
Over the whole period, external debt as a share of gross national income in Albania peaked at 73.8% in 2017 and was at its lowest, 21.2%, in 2004.
Albania ranks 68th of 121 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.
External debt as a share of gross national income in Albania, year by year
| Year | % | Change |
|---|---|---|
| 2000 | 30.4% | — |
| 2001 | 27.6% | -9.3% |
| 2002 | 25.5% | -7.4% |
| 2003 | 26.1% | +2.0% |
| 2004 | 21.2% | -18.7% |
| 2005 | 25.3% | +19.3% |
| 2006 | 26.8% | +5.9% |
| 2007 | 26.0% | -2.8% |
| 2008 | 32.0% | +22.9% |
| 2009 | 37.9% | +18.7% |
| 2010 | 45.4% | +19.8% |
| 2011 | 50.0% | +10.0% |
| 2012 | 60.8% | +21.6% |
| 2013 | 66.4% | +9.3% |
| 2014 | 63.5% | -4.5% |
| 2015 | 72.8% | +14.7% |
| 2016 | 69.9% | -3.9% |
| 2017 | 73.8% | +5.5% |
| 2018 | 62.8% | -14.8% |
| 2019 | 60.3% | -4.0% |
| 2020 | 69.9% | +15.9% |
| 2021 | 62.2% | -11.0% |
| 2022 | 55.8% | -10.3% |
| 2023 | 48.7% | -12.7% |
| 2024 | 39.7% | -18.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 27.9% | 21.2% | 37.9% | 10 |
| 2010s | 62.6% | 45.4% | 73.8% | 10 |
| 2020s | 55.2% | 39.7% | 69.9% | 5 |
Countries ranked near Albania
- 65 Papua New Guinea 41.9% compare
- 66 Mauritania 41.8% compare
- 67 Honduras 41.8% compare
- 69 Türkiye 39.4% compare
- 70 Uganda 39.2% compare
- 71 Madagascar 39.2% 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)
- Gross value added at basic prices (GVA) (current US$), annual growth 12.7 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current US$), per unit of GDP 0.8634 current US$ per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (current US$), per capita 11,223 current US$ per person (2025)
- Gross value added at basic prices (GVA) (current LCU), annual growth 5.05 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current LCU), per unit of GDP 74.95 current LCU per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (current LCU), per capita 974,200 current LCU per person (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), annual 3.11 % change on previous year (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), per unit 0.4535 constant 2015 US$ per US$ of GDP (2025)
Frequently asked questions
- What is external debt as a share of gross national income in Albania?
- External debt as a share of gross national income in Albania was 39.7% in 2024, according to World Bank – processed by Our World in Data.
- What is the highest external debt as a share of gross national income recorded in Albania?
- The highest recorded value was 73.8% in 2017.
- What is the lowest external debt as a share of gross national income recorded in Albania?
- The lowest recorded value was 21.2% in 2004.
- How does Albania rank for external debt as a share of gross national income?
- Albania ranks 68th out of 121 countries with data for 2024.
- Is external debt as a share of gross national income rising or falling in Albania?
- Over the last ten years it is down 37.4%. The long-run trend across the full record is rising.
- Where does this Albania data come from?
- The figures come from World Bank – processed by Our World in Data, published as part of External debt as a share of gross national income. Statizoid updates them automatically from the source API.
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About this data
External debt stocks as a proportion of GNI (%).