Gross domestic product (GDP) at current market prices by NUTS 3 region in Albania
Albania: Gross domestic product (GDP) at current market prices by NUTS 3 region was 21,730 Million euro in 2023. ▲ Rising
Latest (2023)
21,730 Million euro
Change on year
up 20.3%
World rank
40th
of 45 countries
All-time high
21,730 Million euro
in 2023
All-time low
8,872 Million euro
in 2009
Years of data
16
2008–2023
Gross domestic product (GDP) at current market prices by NUTS 3 region in Albania, 2008–2023
Source: Eurostat. Measured in Million euro.
Analysis
In 2023, gross domestic product (gdp) at current market prices by nuts 3 region in Albania stood at 21,730 Million euro. That is the highest value across all 16 years on record.
The figure is up 20.3% on the previous year and up 125.4% over ten years.
Over the whole period, gross domestic product (gdp) at current market prices by nuts 3 region in Albania peaked at 21,730 Million euro in 2023 and was at its lowest, 8,872 Million euro, in 2009.
Albania ranks 40th of 45 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 16 years of available data.
Gross domestic product (GDP) at current market prices by NUTS 3 region in Albania, year by year
| Year | Million euro | Change |
|---|---|---|
| 2008 | 9,058 Million euro | — |
| 2009 | 8,872 Million euro | -2.1% |
| 2010 | 9,117 Million euro | +2.8% |
| 2011 | 9,328 Million euro | +2.3% |
| 2012 | 9,529 Million euro | +2.2% |
| 2013 | 9,641 Million euro | +1.2% |
| 2014 | 10,020 Million euro | +3.9% |
| 2015 | 10,339 Million euro | +3.2% |
| 2016 | 10,835 Million euro | +4.8% |
| 2017 | 11,771 Million euro | +8.6% |
| 2018 | 13,017 Million euro | +10.6% |
| 2019 | 13,918 Million euro | +6.9% |
| 2020 | 13,380 Million euro | -3.9% |
| 2021 | 15,243 Million euro | +13.9% |
| 2022 | 18,068 Million euro | +18.5% |
| 2023 | 21,730 Million euro | +20.3% |
Albania compared with similar countries
- Albania's 21,730 Million euro is below the median for Europe & Central Asia, which is 282,710 Million euro, 8% of the median. (32 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 8,965 Million euro | 8,872 Million euro | 9,058 Million euro | 2 |
| 2010s | 10,751 Million euro | 9,117 Million euro | 13,918 Million euro | 10 |
| 2020s | 17,105 Million euro | 13,380 Million euro | 21,730 Million euro | 4 |
Countries ranked near Albania
- 38 Cyprus 34,770 Million euro compare
- 39 Malta 22,102 Million euro compare
- 41 North Macedonia 15,672 Million euro compare
- 42 Guadeloupe 11,878 Million euro compare
- 43 Martinique 10,480 Million euro 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) at current market prices by nuts 3 region in Albania?
- Gross domestic product (gdp) at current market prices by nuts 3 region in Albania was 21,730 Million euro in 2023, according to Eurostat.
- What is the highest gross domestic product (gdp) at current market prices by nuts 3 region recorded in Albania?
- The highest recorded value was 21,730 Million euro in 2023.
- What is the lowest gross domestic product (gdp) at current market prices by nuts 3 region recorded in Albania?
- The lowest recorded value was 8,872 Million euro in 2009.
- How does Albania rank for gross domestic product (gdp) at current market prices by nuts 3 region?
- Albania ranks 40th out of 45 countries with data for 2023.
- Is gross domestic product (gdp) at current market prices by nuts 3 region rising or falling in Albania?
- Over the last ten years it is up 125.4%. 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) at current market prices by NUTS 3 region. Statizoid updates them automatically from the source API.
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