Gross domestic product (GDP) in Albania
Albania: Gross domestic product (GDP) was 44.90 billion international-$ in 2021 prices in 2023. ◆ Volatile
Latest (2023)
44.90 billion international-$ in 2021 prices
Change on year
up 1.8%
World rank
126th
of 184 countries
All-time high
44.90 billion international-$ in 2021 prices
in 2023
All-time low
7.43 billion international-$ in 2021 prices
in 1971
Years of data
53
1971–2023
Gross domestic product (GDP) in Albania, 1971–2023
Source: Feenstra et al. – Penn World Table (2025) – with major processing by Our World in Data. Measured in international-$ in 2021 prices.
Analysis
Albania recorded 44.90 billion international-$ in 2021 prices for gross domestic product (gdp) in 2023. That is the highest value across all 53 years on record.
Compared with earlier readings it is up 1.8% on the previous year and up 35.1% over ten years.
Over the whole period, gross domestic product (gdp) in Albania peaked at 44.90 billion international-$ in 2021 prices in 2023 and was at its lowest, 7.43 billion international-$ in 2021 prices, in 1971.
Albania ranks 126th of 184 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Gross domestic product (GDP) in Albania, year by year
| Year | international-$ in 2021 prices | Change |
|---|---|---|
| 1971 | 7.43 billion international-$ in 2021 prices | — |
| 1972 | 7.74 billion international-$ in 2021 prices | +4.1% |
| 1973 | 8.05 billion international-$ in 2021 prices | +4.0% |
| 1974 | 8.39 billion international-$ in 2021 prices | +4.2% |
| 1975 | 8.72 billion international-$ in 2021 prices | +3.9% |
| 1976 | 9.03 billion international-$ in 2021 prices | +3.6% |
| 1977 | 9.41 billion international-$ in 2021 prices | +4.2% |
| 1978 | 9.83 billion international-$ in 2021 prices | +4.5% |
| 1979 | 10.10 billion international-$ in 2021 prices | +2.7% |
| 1980 | 10.62 billion international-$ in 2021 prices | +5.1% |
| 1981 | 11.07 billion international-$ in 2021 prices | +4.3% |
| 1982 | 11.13 billion international-$ in 2021 prices | +0.6% |
| 1983 | 11.47 billion international-$ in 2021 prices | +3.1% |
| 1984 | 11.56 billion international-$ in 2021 prices | +0.7% |
| 1985 | 11.68 billion international-$ in 2021 prices | +1.1% |
| 1986 | 12.27 billion international-$ in 2021 prices | +5.0% |
| 1987 | 12.47 billion international-$ in 2021 prices | +1.7% |
| 1988 | 12.23 billion international-$ in 2021 prices | -1.9% |
| 1989 | 13.27 billion international-$ in 2021 prices | +8.5% |
| 1990 | 12.82 billion international-$ in 2021 prices | -3.4% |
| 1991 | 11.21 billion international-$ in 2021 prices | -12.6% |
| 1992 | 10.12 billion international-$ in 2021 prices | -9.7% |
| 1993 | 11.71 billion international-$ in 2021 prices | +15.7% |
| 1994 | 13.26 billion international-$ in 2021 prices | +13.2% |
| 1995 | 14.36 billion international-$ in 2021 prices | +8.3% |
| 1996 | 16.32 billion international-$ in 2021 prices | +13.7% |
| 1997 | 13.32 billion international-$ in 2021 prices | -18.4% |
| 1998 | 12.42 billion international-$ in 2021 prices | -6.8% |
| 1999 | 14.04 billion international-$ in 2021 prices | +13.1% |
| 2000 | 15.73 billion international-$ in 2021 prices | +12.0% |
| 2001 | 17.16 billion international-$ in 2021 prices | +9.1% |
| 2002 | 18.28 billion international-$ in 2021 prices | +6.5% |
| 2003 | 19.78 billion international-$ in 2021 prices | +8.2% |
| 2004 | 21.00 billion international-$ in 2021 prices | +6.2% |
| 2005 | 23.20 billion international-$ in 2021 prices | +10.5% |
| 2006 | 25.08 billion international-$ in 2021 prices | +8.1% |
| 2007 | 26.88 billion international-$ in 2021 prices | +7.2% |
| 2008 | 29.80 billion international-$ in 2021 prices | +10.9% |
| 2009 | 32.09 billion international-$ in 2021 prices | +7.7% |
| 2010 | 32.39 billion international-$ in 2021 prices | +0.9% |
| 2011 | 34.43 billion international-$ in 2021 prices | +6.3% |
| 2012 | 35.44 billion international-$ in 2021 prices | +2.9% |
| 2013 | 33.25 billion international-$ in 2021 prices | -6.2% |
| 2014 | 34.76 billion international-$ in 2021 prices | +4.6% |
| 2015 | 36.71 billion international-$ in 2021 prices | +5.6% |
| 2016 | 36.77 billion international-$ in 2021 prices | +0.2% |
| 2017 | 37.99 billion international-$ in 2021 prices | +3.3% |
| 2018 | 38.07 billion international-$ in 2021 prices | +0.2% |
| 2019 | 40.84 billion international-$ in 2021 prices | +7.3% |
| 2020 | 39.10 billion international-$ in 2021 prices | -4.3% |
| 2021 | 42.30 billion international-$ in 2021 prices | +8.2% |
| 2022 | 44.12 billion international-$ in 2021 prices | +4.3% |
| 2023 | 44.90 billion international-$ in 2021 prices | +1.8% |
Albania compared with similar countries
- Albania's 44.90 billion international-$ in 2021 prices is below the median for upper middle income countries, which is 148.60 billion international-$ in 2021 prices, 30% of the median. (51 countries reporting)
- Albania's 44.90 billion international-$ in 2021 prices is below the median for Europe & Central Asia, which is 314.74 billion international-$ in 2021 prices, 14% of the median. (48 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 8.74 billion international-$ in 2021 prices | 7.43 billion international-$ in 2021 prices | 10.10 billion international-$ in 2021 prices | 9 |
| 1980s | 11.78 billion international-$ in 2021 prices | 10.62 billion international-$ in 2021 prices | 13.27 billion international-$ in 2021 prices | 10 |
| 1990s | 12.96 billion international-$ in 2021 prices | 10.12 billion international-$ in 2021 prices | 16.32 billion international-$ in 2021 prices | 10 |
| 2000s | 22.90 billion international-$ in 2021 prices | 15.73 billion international-$ in 2021 prices | 32.09 billion international-$ in 2021 prices | 10 |
| 2010s | 36.07 billion international-$ in 2021 prices | 32.39 billion international-$ in 2021 prices | 40.84 billion international-$ in 2021 prices | 10 |
| 2020s | 42.60 billion international-$ in 2021 prices | 39.10 billion international-$ in 2021 prices | 44.90 billion international-$ in 2021 prices | 4 |
Countries ranked near Albania
- 123 Benin 49.00 billion international-$ in 2021 prices compare
- 124 Macao 46.16 billion international-$ in 2021 prices compare
- 125 Botswana 45.59 billion international-$ in 2021 prices compare
- 127 Rwanda 43.79 billion international-$ in 2021 prices compare
- 128 Trinidad and Tobago 42.33 billion international-$ in 2021 prices compare
- 129 Chad 41.83 billion international-$ in 2021 prices 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)
- Foreign direct investment, net outflows (BoP, current US$), gaps 341.64 million BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0112 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita 145.41 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 1.85 billion BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual 8.27 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0606 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita 788.1 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate 32.02 % change on previous year (2025)
Frequently asked questions
- What is gross domestic product (gdp) in Albania?
- Gross domestic product (gdp) in Albania was 44.90 billion international-$ in 2021 prices in 2023, according to Feenstra et al. – Penn World Table (2025) – with major processing by Our World in Data.
- What is the highest gross domestic product (gdp) recorded in Albania?
- The highest recorded value was 44.90 billion international-$ in 2021 prices in 2023.
- What is the lowest gross domestic product (gdp) recorded in Albania?
- The lowest recorded value was 7.43 billion international-$ in 2021 prices in 1971.
- How does Albania rank for gross domestic product (gdp)?
- Albania ranks 126th out of 184 countries with data for 2023.
- Is gross domestic product (gdp) rising or falling in Albania?
- Over the last ten years it is up 35.1%. The long-run trend across the full record is volatile.
- Where does this Albania data come from?
- The figures come from Feenstra et al. – Penn World Table (2025) – with major processing by Our World in Data, published as part of Gross domestic product (GDP). Statizoid updates them automatically from the source API.
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About this data
Total economic output of a country or region per year. This data is adjusted for inflation and differences in living costs between countries.