Gross domestic product (GDP), Current prices, Domestic currency in Albania
Albania: Gross domestic product (GDP), Current prices, Domestic currency was 2.6 % change on previous year in 2019. ◆ Volatile
Gross domestic product (GDP), Current prices, Domestic currency in Albania, 1971–2019
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
In 2019, gross domestic product (gdp), current prices, domestic currency in Albania stood at 2.6 % change on previous year.
That represents a change of down 52.5% on the previous year and down 55.5% over ten years.
Over the whole period, gross domestic product (gdp), current prices, domestic currency in Albania peaked at 209.05 % change on previous year in 1992 and was at its lowest, -9.97 % change on previous year, in 1990.
Albania ranks 155th of 194 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross domestic product (GDP), Current prices, Domestic currency in Albania, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1971 | 2.87 % change on previous year | — |
| 1972 | 2.87 % change on previous year | +0.1% |
| 1973 | 2.88 % change on previous year | +0.2% |
| 1974 | 2.86 % change on previous year | -0.7% |
| 1975 | 2.88 % change on previous year | +0.8% |
| 1976 | 2.9 % change on previous year | +0.6% |
| 1977 | 2.79 % change on previous year | -3.6% |
| 1978 | 2.95 % change on previous year | +5.8% |
| 1979 | 2.95 % change on previous year | -0.2% |
| 1980 | 2.48 % change on previous year | -15.9% |
| 1981 | 3.44 % change on previous year | +38.7% |
| 1982 | 2.93 % change on previous year | -14.7% |
| 1983 | 1.09 % change on previous year | -62.7% |
| 1984 | -1.29 % change on previous year | -217.5% |
| 1985 | 2.14 % change on previous year | -266.3% |
| 1986 | 3.13 % change on previous year | +46.2% |
| 1987 | -0.7879 % change on previous year | -125.2% |
| 1988 | -1.42 % change on previous year | +80.3% |
| 1989 | 9.84 % change on previous year | -792.7% |
| 1990 | -9.97 % change on previous year | -201.3% |
| 1991 | -2.43 % change on previous year | -75.6% |
| 1992 | 209.05 % change on previous year | -8693.2% |
| 1993 | 147.22 % change on previous year | -29.6% |
| 1994 | 47.12 % change on previous year | -68.0% |
| 1995 | 24.62 % change on previous year | -47.8% |
| 1996 | 50.75 % change on previous year | +106.1% |
| 1997 | -0.9077 % change on previous year | -101.8% |
| 1998 | 16.15 % change on previous year | -1879.7% |
| 1999 | 15.26 % change on previous year | -5.5% |
| 2000 | 12.99 % change on previous year | -14.9% |
| 2001 | 12.42 % change on previous year | -4.4% |
| 2002 | 8.35 % change on previous year | -32.8% |
| 2003 | 11.01 % change on previous year | +31.9% |
| 2004 | 8.84 % change on previous year | -19.7% |
| 2005 | 9.02 % change on previous year | +2.0% |
| 2006 | 8.53 % change on previous year | -5.4% |
| 2007 | 10.63 % change on previous year | +24.7% |
| 2008 | 11.93 % change on previous year | +12.2% |
| 2009 | 5.85 % change on previous year | -50.9% |
| 2010 | 8.37 % change on previous year | +42.9% |
| 2011 | 4.92 % change on previous year | -41.2% |
| 2012 | 2.47 % change on previous year | -49.7% |
| 2013 | 1.29 % change on previous year | -47.7% |
| 2014 | 3.35 % change on previous year | +159.1% |
| 2015 | 2.8 % change on previous year | -16.6% |
| 2016 | 2.66 % change on previous year | -4.8% |
| 2017 | 5.31 % change on previous year | +99.5% |
| 2018 | 5.49 % change on previous year | +3.3% |
| 2019 | 2.6 % change on previous year | -52.5% |
Albania compared with similar countries
- Albania's 2.6 % change on previous year is below the median for upper middle income countries, which is 5.34 % change on previous year, 49% of the median. (57 countries reporting)
- Albania's 2.6 % change on previous year is below the median for Europe & Central Asia, which is 5.34 % change on previous year, 49% of the median. (49 countries reporting)
Biggest year-on-year movements
Years where Gross domestic product (GDP), Current prices, Domestic currency 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 |
|---|---|---|---|
| 1992 | +8693.2% | -2.43 % change on previous year | 209.05 % change on previous year |
| 1998 | +1879.7% | -0.9077 % change on previous year | 16.15 % change on previous year |
| 1989 | +792.7% | -1.42 % change on previous year | 9.84 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 2.88 % change on previous year | 2.79 % change on previous year | 2.95 % change on previous year | 9 |
| 1980s | 2.16 % change on previous year | -1.42 % change on previous year | 9.84 % change on previous year | 10 |
| 1990s | 49.69 % change on previous year | -9.97 % change on previous year | 209.05 % change on previous year | 10 |
| 2000s | 9.96 % change on previous year | 5.85 % change on previous year | 12.99 % change on previous year | 10 |
| 2010s | 3.93 % change on previous year | 1.29 % change on previous year | 8.37 % change on previous year | 10 |
Countries ranked near Albania
- 152 Saint Lucia 2.74 % change on previous year compare
- 153 France 2.73 % change on previous year compare
- 154 Paraguay 2.68 % change on previous year compare
- 156 Solomon Islands 2.51 % change on previous year compare
- 157 Bahrain 2.45 % change on previous year compare
- 158 Barbados 2.41 % change on previous year 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)
- IMF holdings of currency, SDR, annual growth rate -33.36 % change on previous year (2025)
- IMF holdings of currency, SDR, per unit of GDP 0.0046 units per US$ of GDP (2025)
- IMF holdings of currency, SDR, per capita 59.41 units per person (2025)
- Lending to the IMF (GRA), SDR, per capita 0 units per person (2025)
- SDR Allocation, US dollar, annual growth rate 5.01 % change on previous year (2025)
- SDR Allocation, US dollar, per unit of GDP 0.0081 units per US$ of GDP (2025)
- SDR Allocation, US dollar, per capita 104.89 units per person (2025)
- SDR Allocation, SDR, annual growth rate 0 % change on previous year (2025)
Frequently asked questions
- What is gross domestic product (gdp), current prices, domestic currency in Albania?
- Gross domestic product (gdp), current prices, domestic currency in Albania was 2.6 % change on previous year in 2019, according to Statizoid (derived).
- What is the highest gross domestic product (gdp), current prices, domestic currency recorded in Albania?
- The highest recorded value was 209.05 % change on previous year in 1992.
- What is the lowest gross domestic product (gdp), current prices, domestic currency recorded in Albania?
- The lowest recorded value was -9.97 % change on previous year in 1990.
- How does Albania rank for gross domestic product (gdp), current prices, domestic currency?
- Albania ranks 155th out of 194 countries with data for 2019.
- Is gross domestic product (gdp), current prices, domestic currency rising or falling in Albania?
- Over the last ten years it is down 55.5%. The long-run trend across the full record is volatile.
- Where does this Albania data come from?
- The figures come from Statizoid (derived), published as part of Gross domestic product (GDP), Current prices, Domestic currency, annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 49 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Gross domestic product (GDP), Current prices, Domestic currency. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Gross domestic product (GDP), Current prices, Domestic currency International Monetary Fund
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in Gross domestic product (GDP), Current prices, Domestic currency. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.