Gross capital formation (current LCU) in Albania
Albania: Gross capital formation (current LCU) was 628.23 billion current LCU in 2024. ◆ Volatile
Gross capital formation in Albania, 1980–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in current LCU.
Analysis
In 2024, gross capital formation in Albania stood at 628.23 billion current LCU. That is the highest value across all 45 years on record.
The figure is up 13.4% on the previous year and up 58.3% over ten years.
Over the whole period, gross capital formation in Albania peaked at 628.23 billion current LCU in 2024 and was at its lowest, 1.20 billion current LCU, in 1991.
Albania ranks 75th of 187 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 capital formation (current LCU) in Albania, year by year
| Year | current LCU | Change |
|---|---|---|
| 1980 | 5.37 billion current LCU | — |
| 1981 | 5.64 billion current LCU | +5.2% |
| 1982 | 6.27 billion current LCU | +11.1% |
| 1983 | 6.03 billion current LCU | -3.8% |
| 1984 | 5.25 billion current LCU | -13.0% |
| 1985 | 5.52 billion current LCU | +5.3% |
| 1986 | 5.38 billion current LCU | -2.7% |
| 1987 | 4.90 billion current LCU | -8.8% |
| 1988 | 4.92 billion current LCU | +0.3% |
| 1989 | 5.93 billion current LCU | +20.5% |
| 1990 | 4.93 billion current LCU | -16.9% |
| 1991 | 1.20 billion current LCU | -75.6% |
| 1992 | 2.77 billion current LCU | +129.9% |
| 1993 | 16.54 billion current LCU | +497.7% |
| 1994 | 33.63 billion current LCU | +103.3% |
| 1995 | 44.24 billion current LCU | +31.5% |
| 1996 | 71.48 billion current LCU | +61.6% |
| 1997 | 66.48 billion current LCU | -7.0% |
| 1998 | 89.58 billion current LCU | +34.7% |
| 1999 | 110.07 billion current LCU | +22.9% |
| 2000 | 175.72 billion current LCU | +59.6% |
| 2001 | 222.92 billion current LCU | +26.9% |
| 2002 | 244.54 billion current LCU | +9.7% |
| 2003 | 257.32 billion current LCU | +5.2% |
| 2004 | 276.28 billion current LCU | +7.4% |
| 2005 | 316.52 billion current LCU | +14.6% |
| 2006 | 335.19 billion current LCU | +5.9% |
| 2007 | 358.57 billion current LCU | +7.0% |
| 2008 | 370.46 billion current LCU | +3.3% |
| 2009 | 380.07 billion current LCU | +2.6% |
| 2010 | 408.18 billion current LCU | +7.4% |
| 2011 | 442.93 billion current LCU | +8.5% |
| 2012 | 393.69 billion current LCU | -11.1% |
| 2013 | 392.92 billion current LCU | -0.2% |
| 2014 | 396.97 billion current LCU | +1.0% |
| 2015 | 401.85 billion current LCU | +1.2% |
| 2016 | 399.08 billion current LCU | -0.7% |
| 2017 | 436.73 billion current LCU | +9.4% |
| 2018 | 450.50 billion current LCU | +3.2% |
| 2019 | 432.93 billion current LCU | -3.9% |
| 2020 | 434.17 billion current LCU | +0.3% |
| 2021 | 535.22 billion current LCU | +23.3% |
| 2022 | 576.18 billion current LCU | +7.7% |
| 2023 | 554.17 billion current LCU | -3.8% |
| 2024 | 628.23 billion current LCU | +13.4% |
Albania compared with similar countries
- Albania's 628.23 billion current LCU is above the median for upper middle income countries, which is 296.90 billion current LCU, 2.1× the median. (52 countries reporting)
- Albania's 628.23 billion current LCU is above the median for Europe & Central Asia, which is 155.88 billion current LCU, 4.0× the median. (52 countries reporting)
Biggest year-on-year movements
Years where Gross capital formation (current LCU) in Albania changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1993 | +497.7% | 2.77 billion current LCU | 16.54 billion current LCU |
| 1992 | +129.9% | 1.20 billion current LCU | 2.77 billion current LCU |
| 1994 | +103.3% | 16.54 billion current LCU | 33.63 billion current LCU |
| 1991 | -75.6% | 4.93 billion current LCU | 1.20 billion current LCU |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 5.52 billion current LCU | 4.90 billion current LCU | 6.27 billion current LCU | 10 |
| 1990s | 44.09 billion current LCU | 1.20 billion current LCU | 110.07 billion current LCU | 10 |
| 2000s | 293.76 billion current LCU | 175.72 billion current LCU | 380.07 billion current LCU | 10 |
| 2010s | 415.58 billion current LCU | 392.92 billion current LCU | 450.50 billion current LCU | 10 |
| 2020s | 545.59 billion current LCU | 434.17 billion current LCU | 628.23 billion current LCU | 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)
- 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)
- IMF holdings of currency, US dollar, per unit of GDP 0.0063 units per US$ of GDP (2025)
Frequently asked questions
- What is gross capital formation in Albania?
- Gross capital formation in Albania was 628.23 billion current LCU 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 628.23 billion current LCU in 2024.
- What is the lowest gross capital formation recorded in Albania?
- The lowest recorded value was 1.20 billion current LCU in 1991.
- How does Albania rank for gross capital formation?
- Albania ranks 75th out of 187 countries with data for 2024.
- Is gross capital formation rising or falling in Albania?
- Over the last ten years it is up 58.3%. 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 (current LCU). 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 is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.