Gross domestic product … annual output expenditure income in Albania
Albania: Gross domestic product … annual output expenditure income 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
12th
of 51 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 12th out of 51 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 … annual output expenditure income 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% |
Albania compared with similar countries
- Albania's 121.8 Chain linked volumes, index 2020=100 is above the median for Europe & Central Asia, which is 115.88 Chain linked volumes, index 2020=100, 1.1× the median. (36 countries reporting)
- Albania's 121.8 Chain linked volumes, index 2020=100 is above the median for upper middle income countries, which is 119.81 Chain linked volumes, index 2020=100, 1.0× the median. (7 countries reporting)
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
- 9 Spain 123.97 Chain linked volumes, index 2020=100 compare
- 10 Serbia 122.36 Chain linked volumes, index 2020=100 compare
- 10 Serbia 122.36 Chain linked volumes, index 2020=100 compare
- 13 Portugal 121.07 Chain linked volumes, index 2020=100 compare
- 14 Iceland 120.65 Chain linked volumes, index 2020=100 compare
- 15 Poland 120.3 Chain linked volumes, index 2020=100 compare
More economy & growth data for Albania
- Real gdp growth, annual growth rate 0.7721 % change on previous year (2024)
- 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)
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 12th out of 51 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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