GDP growth in Albania
Albania: GDP growth was 4.05 in 2024. ◆ Volatile
Latest (2024)
4.05
Change on year
up 0.8%
World rank
14th
of 74 countries
All-time high
13.32
in 1995
All-time low
-28
in 1991
Years of data
44
1981–2024
GDP growth in Albania, 1981–2024
Source: UNICEF.
Analysis
In 2024, gdp growth in Albania stood at 4.05.
That represents a change of up 0.8% on the previous year and up 80.6% over ten years.
Over the whole period, gdp growth in Albania peaked at 13.32 in 1995 and was at its lowest, -28, in 1991.
Albania ranks 14th of 74 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
GDP growth in Albania, year by year
| Year | Value | Change |
|---|---|---|
| 1981 | 5.75 | — |
| 1982 | 2.95 | -48.7% |
| 1983 | 1.1 | -62.5% |
| 1984 | -1.25 | -213.3% |
| 1985 | 1.78 | -242.3% |
| 1986 | 5.64 | +216.6% |
| 1987 | -0.7878 | -114.0% |
| 1988 | -1.42 | +80.2% |
| 1989 | 9.84 | -792.7% |
| 1990 | -9.58 | -197.3% |
| 1991 | -28 | +192.4% |
| 1992 | -7.19 | -74.3% |
| 1993 | 9.56 | -233.0% |
| 1994 | 8.3 | -13.1% |
| 1995 | 13.32 | +60.5% |
| 1996 | 7.34 | -44.9% |
| 1997 | -11.71 | -259.6% |
| 1998 | 8.31 | -171.0% |
| 1999 | 12.25 | +47.4% |
| 2000 | 7.46 | -39.1% |
| 2001 | 8.86 | +18.8% |
| 2002 | 4.63 | -47.8% |
| 2003 | 5.33 | +15.2% |
| 2004 | 5.27 | -1.3% |
| 2005 | 5.13 | -2.6% |
| 2006 | 6.02 | +17.3% |
| 2007 | 6.5 | +8.0% |
| 2008 | 6.91 | +6.3% |
| 2009 | 2.69 | -61.0% |
| 2010 | 2.97 | +10.5% |
| 2011 | 2.46 | -17.1% |
| 2012 | 0.9841 | -60.1% |
| 2013 | 1.71 | +73.5% |
| 2014 | 2.24 | +31.2% |
| 2015 | 2.23 | -0.6% |
| 2016 | 3.91 | +75.5% |
| 2017 | 3.28 | -16.0% |
| 2018 | 3.67 | +11.8% |
| 2019 | 2.06 | -43.8% |
| 2020 | -3.31 | -260.7% |
| 2021 | 8.97 | -370.7% |
| 2022 | 4.83 | -46.2% |
| 2023 | 4.02 | -16.8% |
| 2024 | 4.05 | +0.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 2.62 | -1.42 | 9.84 | 9 |
| 1990s | 0.2605 | -28 | 13.32 | 10 |
| 2000s | 5.88 | 2.69 | 8.86 | 10 |
| 2010s | 2.55 | 0.9841 | 3.91 | 10 |
| 2020s | 3.71 | -3.31 | 8.97 | 5 |
Countries ranked near Albania
- 11 Kosovo (UNSCR 1244) 4.57 compare
- 12 Russia 4.34 compare
- 13 Azerbaijan 4.07 compare
- 15 Belarus 4.01 compare
- 16 United Arab Emirates 3.99 compare
- 17 Serbia 3.95 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)
- GDP (current US$), annual growth rate 12.96 % change on previous year (2025)
- GDP (current US$), per capita 12,998 current US$ per person (2025)
- GDP (current LCU), annual growth rate 5.29 % change on previous year (2025)
- GDP (current LCU), per unit of GDP 86.8 current LCU per US$ of GDP (2025)
- GDP (current LCU), per capita 1.13 million current LCU per person (2025)
- GDP (constant 2015 US$), annual growth rate 3.79 % change on previous year (2025)
- GDP (constant 2015 US$), per unit of GDP 0.5291 constant 2015 US$ per US$ of GDP (2025)
- GDP (constant 2015 US$), per capita 6,877 constant 2015 US$ per person (2025)
Frequently asked questions
- What is gdp growth in Albania?
- Gdp growth in Albania was 4.05 in 2024, according to UNICEF.
- What is the highest gdp growth recorded in Albania?
- The highest recorded value was 13.32 in 1995.
- What is the lowest gdp growth recorded in Albania?
- The lowest recorded value was -28 in 1991.
- How does Albania rank for gdp growth?
- Albania ranks 14th out of 74 countries with data for 2024.
- Is gdp growth rising or falling in Albania?
- Over the last ten years it is up 80.6%. The long-run trend across the full record is volatile.
- Where does this Albania data come from?
- The figures come from UNICEF, published as part of GDP growth (annual %). Statizoid updates them automatically from the source API.
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