Gross domestic product (GDP) and main components (output, expenditure) in Albania
Albania: Gross domestic product (GDP) and main components (output, expenditure) was 121.8 Chain linked volumes, index 2020=100 in 2024. ▲ Rising
Latest (2024)
121.8 Chain linked volumes, index 2020=100
Change on year
up 3.2%
World rank
11th
of 49 countries
All-time high
121.8 Chain linked volumes, index 2020=100
in 2024
All-time low
36.73 Chain linked volumes, index 2020=100
in 1997
Years of data
30
1995–2024
Gross domestic product (GDP) and main components (output, expenditure) in Albania, 1995–2024
Source: Eurostat. Measured in Chain linked volumes, index 2020=100.
Analysis
Albania recorded 121.8 Chain linked volumes, index 2020=100 for gross domestic product (gdp) and main components (output, expenditure) in 2024. That is the highest value across all 30 years on record.
Compared with earlier readings it is up 3.2% on the previous year and up 39.3% over ten years.
Over the whole period, gross domestic product (gdp) and main components (output, expenditure) in Albania peaked at 121.8 Chain linked volumes, index 2020=100 in 2024 and was at its lowest, 36.73 Chain linked volumes, index 2020=100, in 1997.
That places Albania 11th out of 49 countries with data for 2024, putting it in the top quarter.
The long-run direction has been consistently rising across the 30 years of available data.
Gross domestic product (GDP) and main components (output, expenditure) in Albania, year by year
| Year | Chain linked volumes, index 2020=100 | Change |
|---|---|---|
| 1995 | 38.34 Chain linked volumes, index 2020=100 | — |
| 1996 | 41.17 Chain linked volumes, index 2020=100 | +7.4% |
| 1997 | 36.73 Chain linked volumes, index 2020=100 | -10.8% |
| 1998 | 39.63 Chain linked volumes, index 2020=100 | +7.9% |
| 1999 | 45.16 Chain linked volumes, index 2020=100 | +13.9% |
| 2000 | 47.77 Chain linked volumes, index 2020=100 | +5.8% |
| 2001 | 52.37 Chain linked volumes, index 2020=100 | +9.6% |
| 2002 | 54.86 Chain linked volumes, index 2020=100 | +4.8% |
| 2003 | 57.38 Chain linked volumes, index 2020=100 | +4.6% |
| 2004 | 60.69 Chain linked volumes, index 2020=100 | +5.8% |
| 2005 | 63.71 Chain linked volumes, index 2020=100 | +5.0% |
| 2006 | 67.56 Chain linked volumes, index 2020=100 | +6.0% |
| 2007 | 71.79 Chain linked volumes, index 2020=100 | +6.3% |
| 2008 | 76.09 Chain linked volumes, index 2020=100 | +6.0% |
| 2009 | 78.4 Chain linked volumes, index 2020=100 | +3.0% |
| 2010 | 80.68 Chain linked volumes, index 2020=100 | +2.9% |
| 2011 | 83.47 Chain linked volumes, index 2020=100 | +3.5% |
| 2012 | 84.31 Chain linked volumes, index 2020=100 | +1.0% |
| 2013 | 85.81 Chain linked volumes, index 2020=100 | +1.8% |
| 2014 | 87.41 Chain linked volumes, index 2020=100 | +1.9% |
| 2015 | 89.56 Chain linked volumes, index 2020=100 | +2.5% |
| 2016 | 93.04 Chain linked volumes, index 2020=100 | +3.9% |
| 2017 | 96.25 Chain linked volumes, index 2020=100 | +3.5% |
| 2018 | 99.86 Chain linked volumes, index 2020=100 | +3.7% |
| 2019 | 102.49 Chain linked volumes, index 2020=100 | +2.6% |
| 2020 | 100 Chain linked volumes, index 2020=100 | -2.4% |
| 2021 | 106.87 Chain linked volumes, index 2020=100 | +6.9% |
| 2022 | 112.46 Chain linked volumes, index 2020=100 | +5.2% |
| 2023 | 118.03 Chain linked volumes, index 2020=100 | +5.0% |
| 2024 | 121.8 Chain linked volumes, index 2020=100 | +3.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 40.21 Chain linked volumes, index 2020=100 | 36.73 Chain linked volumes, index 2020=100 | 45.16 Chain linked volumes, index 2020=100 | 5 |
| 2000s | 63.06 Chain linked volumes, index 2020=100 | 47.77 Chain linked volumes, index 2020=100 | 78.4 Chain linked volumes, index 2020=100 | 10 |
| 2010s | 90.29 Chain linked volumes, index 2020=100 | 80.68 Chain linked volumes, index 2020=100 | 102.49 Chain linked volumes, index 2020=100 | 10 |
| 2020s | 111.83 Chain linked volumes, index 2020=100 | 100 Chain linked volumes, index 2020=100 | 121.8 Chain linked volumes, index 2020=100 | 5 |
Countries ranked near Albania
- 8 Spain 124.98 Chain linked volumes, index 2020=100 compare
- 9 Kosovo* 124.23 Chain linked volumes, index 2020=100 compare
- 10 Serbia 122.53 Chain linked volumes, index 2020=100 compare
- 12 Bulgaria 121.59 Chain linked volumes, index 2020=100 compare
- 13 Portugal 120.54 Chain linked volumes, index 2020=100 compare
- 14 Iceland 120.21 Chain linked volumes, index 2020=100 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) and main components (output, expenditure) in Albania?
- Gross domestic product (gdp) and main components (output, expenditure) in Albania was 121.8 Chain linked volumes, index 2020=100 in 2024, according to Eurostat.
- What is the highest gross domestic product (gdp) and main components (output, expenditure) recorded in Albania?
- The highest recorded value was 121.8 Chain linked volumes, index 2020=100 in 2024.
- What is the lowest gross domestic product (gdp) and main components (output, expenditure) recorded in Albania?
- The lowest recorded value was 36.73 Chain linked volumes, index 2020=100 in 1997.
- How does Albania rank for gross domestic product (gdp) and main components (output, expenditure)?
- Albania ranks 11th out of 49 countries with data for 2024.
- Is gross domestic product (gdp) and main components (output, expenditure) rising or falling in Albania?
- Over the last ten years it is up 39.3%. The long-run trend across the full record is rising.
- Where does this Albania data come from?
- The figures come from Eurostat, published as part of Gross domestic product (GDP) and main components (output, expenditure and income) - annual data. Statizoid updates them automatically from the source API.
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