Gross capital formation in Albania
Albania: Gross capital formation was 14.2% in 2024. ◆ Volatile
Gross capital formation in Albania, 1996–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in annual % growth.
Analysis
In 2024, gross capital formation in Albania stood at 14.2%.
The figure is up 342.5% on the previous year and up 1,222.4% over ten years.
Over the whole period, gross capital formation in Albania peaked at 73.1% in 1998 and was at its lowest, -8.8%, in 2012.
That places Albania 26th out of 168 countries with data for 2024, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross capital formation in Albania, year by year
| Year | annual % growth | Change |
|---|---|---|
| 1996 | 6.9% | — |
| 1997 | 23.9% | +244.7% |
| 1998 | 73.1% | +206.3% |
| 1999 | 31.2% | -57.3% |
| 2000 | 47.1% | +50.9% |
| 2001 | 21.9% | -53.5% |
| 2002 | 5.0% | -77.0% |
| 2003 | -6.0% | -219.0% |
| 2004 | 2.9% | -147.8% |
| 2005 | 5.1% | +78.4% |
| 2006 | 3.7% | -26.7% |
| 2007 | 3.4% | -9.4% |
| 2008 | 2.9% | -14.4% |
| 2009 | 2.6% | -10.8% |
| 2010 | -8.5% | -429.3% |
| 2011 | 4.9% | -157.9% |
| 2012 | -8.8% | -277.6% |
| 2013 | 0.4% | -104.0% |
| 2014 | 1.1% | +206.6% |
| 2015 | 2.0% | +89.2% |
| 2016 | 1.9% | -7.0% |
| 2017 | 8.2% | +331.5% |
| 2018 | 1.8% | -77.7% |
| 2019 | -3.9% | -315.8% |
| 2020 | 0.6% | -114.2% |
| 2021 | 21.0% | +3675.9% |
| 2022 | 0.2% | -99.3% |
| 2023 | -5.9% | -3963.3% |
| 2024 | 14.2% | -342.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 33.8% | 6.9% | 73.1% | 4 |
| 2000s | 8.9% | -6.0% | 47.1% | 10 |
| 2010s | -0.1% | -8.8% | 8.2% | 10 |
| 2020s | 6.0% | -5.9% | 21.0% | 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)
- Industry (including construction), value added (constant 2015 US$) 0.9664 % change on previous year (2025)
- Industry (including construction), value added (constant 2015 US$) 0.1281 constant 2015 US$ per US$ of GDP (2025)
- Industry (including construction), value added (constant 2015 US$) 1,665 constant 2015 US$ per person (2025)
- Industry (including construction), value added (constant LCU), annual 0.9665 % change on previous year (2025)
- Industry (including construction), value added (constant LCU), per 15.9 constant LCU per US$ of GDP (2025)
- Industry (including construction), value added (constant LCU), per 206,611 constant LCU per person (2025)
- Services, value added (current US$), annual growth rate 15.34 % change on previous year (2025)
- Services, value added (current US$), per unit of GDP 0.4972 current US$ per US$ of GDP (2025)
Frequently asked questions
- What is gross capital formation in Albania?
- Gross capital formation in Albania was 14.2% in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest gross capital formation recorded in Albania?
- The highest recorded value was 73.1% in 1998.
- What is the lowest gross capital formation recorded in Albania?
- The lowest recorded value was -8.8% in 2012.
- How does Albania rank for gross capital formation?
- Albania ranks 26th out of 168 countries with data for 2024.
- Is gross capital formation rising or falling in Albania?
- Over the last ten years it is up 1,222.4%. The long-run trend across the full record is volatile.
- Where does this Albania data come from?
- The figures come from Country official statistics, National Statistical Organizations and/or Central Banks, published as part of Gross capital formation (annual % growth). Statizoid updates them automatically from the source API.
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About this data
Gross capital formation includes acquisitions less disposals of produced assets for purposes of fixed capital formation, inventories or valuables. This indicator denotes the percentage change over each previous year of the constant price (base year 2015) series in United States dollars.