Gross Domestic Product — Value Standard Local Currency, 2015 prices in Albania
Albania: Gross Domestic Product — Value Standard Local Currency, 2015 prices was 1.94 million million SLC in 2024. ▲ Rising
Gross Domestic Product — Value Standard Local Currency, 2015 prices in Albania, 1970–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million SLC.
Analysis
In 2024, gross domestic product — value standard local currency, 2015 prices in Albania stood at 1.94 million million SLC. That is the highest value across all 55 years on record.
The figure is up 4.0% on the previous year and up 38.2% over ten years.
Over the whole period, gross domestic product — value standard local currency, 2015 prices in Albania peaked at 1.94 million million SLC in 2024 and was at its lowest, 407,249 million SLC, in 1970.
That places Albania 71st out of 194 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently rising across the 55 years of available data.
Gross Domestic Product — Value Standard Local Currency, 2015 prices in Albania, year by year
| Year | million SLC | Change |
|---|---|---|
| 1970 | 407,249 million SLC | — |
| 1971 | 423,542 million SLC | +4.0% |
| 1972 | 440,543 million SLC | +4.0% |
| 1973 | 458,244 million SLC | +4.0% |
| 1974 | 476,439 million SLC | +4.0% |
| 1975 | 495,750 million SLC | +4.1% |
| 1976 | 515,728 million SLC | +4.0% |
| 1977 | 535,476 million SLC | +3.8% |
| 1978 | 558,511 million SLC | +4.3% |
| 1979 | 580,628 million SLC | +4.0% |
| 1980 | 599,390 million SLC | +3.2% |
| 1981 | 633,828 million SLC | +5.7% |
| 1982 | 652,518 million SLC | +2.9% |
| 1983 | 659,728 million SLC | +1.1% |
| 1984 | 651,471 million SLC | -1.3% |
| 1985 | 663,071 million SLC | +1.8% |
| 1986 | 700,168 million SLC | +5.6% |
| 1987 | 694,650 million SLC | -0.8% |
| 1988 | 684,781 million SLC | -1.4% |
| 1989 | 752,168 million SLC | +9.8% |
| 1990 | 677,168 million SLC | -10.0% |
| 1991 | 487,547 million SLC | -28.0% |
| 1992 | 452,506 million SLC | -7.2% |
| 1993 | 495,763 million SLC | +9.6% |
| 1994 | 536,926 million SLC | +8.3% |
| 1995 | 608,457 million SLC | +13.3% |
| 1996 | 651,890 million SLC | +7.1% |
| 1997 | 580,676 million SLC | -10.9% |
| 1998 | 631,946 million SLC | +8.8% |
| 1999 | 713,409 million SLC | +12.9% |
| 2000 | 762,964 million SLC | +6.9% |
| 2001 | 826,239 million SLC | +8.3% |
| 2002 | 863,722 million SLC | +4.5% |
| 2003 | 911,474 million SLC | +5.5% |
| 2004 | 961,740 million SLC | +5.5% |
| 2005 | 1.01 million million SLC | +5.5% |
| 2006 | 1.07 million million SLC | +5.9% |
| 2007 | 1.14 million million SLC | +6.0% |
| 2008 | 1.22 million million SLC | +7.5% |
| 2009 | 1.27 million million SLC | +3.4% |
| 2010 | 1.31 million million SLC | +3.7% |
| 2011 | 1.35 million million SLC | +2.5% |
| 2012 | 1.37 million million SLC | +1.4% |
| 2013 | 1.38 million million SLC | +1.0% |
| 2014 | 1.40 million million SLC | +1.8% |
| 2015 | 1.43 million million SLC | +2.2% |
| 2016 | 1.48 million million SLC | +3.3% |
| 2017 | 1.54 million million SLC | +3.8% |
| 2018 | 1.60 million million SLC | +4.0% |
| 2019 | 1.63 million million SLC | +2.1% |
| 2020 | 1.58 million million SLC | -3.3% |
| 2021 | 1.72 million million SLC | +8.9% |
| 2022 | 1.80 million million SLC | +4.9% |
| 2023 | 1.87 million million SLC | +3.4% |
| 2024 | 1.94 million million SLC | +4.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 489,211 million SLC | 407,249 million SLC | 580,628 million SLC | 10 |
| 1980s | 669,177 million SLC | 599,390 million SLC | 752,168 million SLC | 10 |
| 1990s | 583,629 million SLC | 452,506 million SLC | 713,409 million SLC | 10 |
| 2000s | 1.00 million million SLC | 762,964 million SLC | 1.27 million million SLC | 10 |
| 2010s | 1.45 million million SLC | 1.31 million million SLC | 1.63 million million SLC | 10 |
| 2020s | 1.78 million million SLC | 1.58 million million SLC | 1.94 million million SLC | 5 |
Countries ranked near Albania
- 68 Canada 2.32 million million SLC compare
- 69 United Kingdom of Great Britain and Northern Ireland 2.14 million million SLC compare
- 70 Australia 2.02 million million SLC compare
- 72 Italy 1.83 million million SLC compare
- 73 Uruguay 1.76 million million SLC compare
- 74 Jamaica 1.76 million million SLC 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)
- Final consumption expenditure (constant 2015 US$), per capita 5,739 constant 2015 US$ per person (2025)
- Gross national expenditure (current US$), annual growth rate 16.59 % change on previous year (2024)
- Gross national expenditure (current US$), per unit of GDP 1.07 current US$ per US$ of GDP (2024)
- Gross national expenditure (current US$), per capita 12,157 current US$ per person (2024)
- Gross national expenditure (current LCU), annual growth rate 7.88 % change on previous year (2024)
- Gross national expenditure (current LCU), per unit of GDP 99.53 current LCU per US$ of GDP (2024)
- Gross national expenditure (current LCU), per capita 1.13 million current LCU per person (2024)
- Gross national expenditure (constant 2015 US$), annual growth rate 6.47 % change on previous year (2024)
Frequently asked questions
- What is gross domestic product — value standard local currency, 2015 prices in Albania?
- Gross domestic product — value standard local currency, 2015 prices in Albania was 1.94 million million SLC in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross domestic product — value standard local currency, 2015 prices recorded in Albania?
- The highest recorded value was 1.94 million million SLC in 2024.
- What is the lowest gross domestic product — value standard local currency, 2015 prices recorded in Albania?
- The lowest recorded value was 407,249 million SLC in 1970.
- How does Albania rank for gross domestic product — value standard local currency, 2015 prices?
- Albania ranks 71st out of 194 countries with data for 2024.
- Is gross domestic product — value standard local currency, 2015 prices rising or falling in Albania?
- Over the last ten years it is up 38.2%. The long-run trend across the full record is rising.
- Where does this Albania data come from?
- The figures come from Food and Agriculture Organization of the United Nations, published as part of Gross Domestic Product — Value Standard Local Currency, 2015 prices. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 55 observations, free to reuse under CC BY-NC-SA 3.0 IGO (FAO).
About this data
The FAOSTAT Macro Indicators database provides a selection of country-level macro indicators relating to total economy (Gross Domestic Product, Gross Fixed Capital Formation); agriculture activity; agriculture, forestry and fishing activity; total manufacturing activity; manufacturing of food products and beverages activity; manufacturing activity of tobacco products; and manufacturing activity of food, beverage and tobacco products.It releases time series for a selection of National Accounts variables, including gross domestic product, gross fixed capital formation, industry-level value added and gross output. The database also proposes additional indicators such as gross domestic product per capita, year-on-year growth rates and measures of industry contribution to gross domestic product. All data relating to Gross Domestic Product, Gross Fixed Capital Formation, agriculture, forestry and fishing activity, and to total manufacturing activity originates from the United Nations Statistics Division (UNSD) National Accounts Estimates of Main Aggregates database, which consists of a complete and consistent set of time series of the main National Accounts aggregates of all UN Members States and other territories in the world for which National Accounts information is available. The UNSD database's content is based on the countries' official National Accounts data reported to UNSD through the annual National Accounts Questionnaire, supplemented with data estimates for any years and countries with incomplete or inconsistent information (See http://unstats.un.org/unsd/snaama/Introduction.asp). Data series relating to the sub-industry Agriculture activity are obtained from the UNSD national accounts Official Country Data databases while series on the Manufacturing activity of food and beverages products, manufacturing activity of tobacco products and manufacturing activity of food, beverages and tobacco products originates from the United Nations Industrial Development Organization (UNIDO) INDSTAT2 database. In order to ensure that sub-industry series are consistent in levels with National Accounts based series, which is needed to support comparability across industries (agriculture vs. agro-industry and sub-industries), UNIDO originating series are rescaled on UNSD National Accounts Estimates of Main Aggregates data series (See Section 17.5 for a more detailed description of the data processing steps).