Gross Domestic Product — Value US$, annual growth rate in Albania
Albania: Gross Domestic Product — Value US$, annual growth rate was 15.38 % change on previous year in 2024. ◆ Volatile
Gross Domestic Product — Value US$, annual growth rate in Albania, 1971–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
Albania recorded 15.38 % change on previous year for gross domestic product — value us$, annual growth rate in 2024.
Compared with earlier readings it is down 28.4% on the previous year and up 334.8% over ten years.
Over the whole period, gross domestic product — value us$, annual growth rate in Albania peaked at 33.72 % change on previous year in 1996 and was at its lowest, -30.47 % change on previous year, in 1997.
Albania ranks 16th of 236 countries on this measure, in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Gross Domestic Product — Value US$, annual growth rate 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 | -16.54 % change on previous year | -659.9% |
| 1980 | -9.71 % change on previous year | -41.2% |
| 1981 | 3.44 % change on previous year | -135.4% |
| 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 | -0.7885 % change on previous year | -125.2% |
| 1988 | 3.46 % change on previous year | -538.4% |
| 1989 | 19.52 % change on previous year | +464.6% |
| 1990 | -27.03 % change on previous year | -238.5% |
| 1991 | -25.57 % change on previous year | -5.4% |
| 1992 | -5.07 % change on previous year | -80.2% |
| 1993 | 12.16 % change on previous year | -339.7% |
| 1994 | 10.62 % change on previous year | -12.7% |
| 1995 | 27.21 % change on previous year | +156.3% |
| 1996 | 33.72 % change on previous year | +23.9% |
| 1997 | -30.47 % change on previous year | -190.4% |
| 1998 | 14.84 % change on previous year | -148.7% |
| 1999 | 26.1 % change on previous year | +75.8% |
| 2000 | 8.25 % change on previous year | -68.4% |
| 2001 | 12.6 % change on previous year | +52.6% |
| 2002 | 10.92 % change on previous year | -13.3% |
| 2003 | 27.68 % change on previous year | +153.4% |
| 2004 | 29.05 % change on previous year | +5.0% |
| 2005 | 12.19 % change on previous year | -58.0% |
| 2006 | 10.48 % change on previous year | -14.0% |
| 2007 | 20.02 % change on previous year | +91.0% |
| 2008 | 20.64 % change on previous year | +3.1% |
| 2009 | -6.5 % change on previous year | -131.5% |
| 2010 | -0.9739 % change on previous year | -85.0% |
| 2011 | 8.08 % change on previous year | -929.7% |
| 2012 | -4.43 % change on previous year | -154.8% |
| 2013 | 3.7 % change on previous year | -183.6% |
| 2014 | 3.54 % change on previous year | -4.5% |
| 2015 | -13.92 % change on previous year | -493.5% |
| 2016 | 4.17 % change on previous year | -129.9% |
| 2017 | 9.77 % change on previous year | +134.5% |
| 2018 | 16.41 % change on previous year | +68.0% |
| 2019 | 1.62 % change on previous year | -90.1% |
| 2020 | -1.55 % change on previous year | -195.9% |
| 2021 | 18.25 % change on previous year | -1275.9% |
| 2022 | 5.5 % change on previous year | -69.9% |
| 2023 | 21.47 % change on previous year | +290.5% |
| 2024 | 15.38 % change on previous year | -28.4% |
Biggest year-on-year movements
Years where Gross Domestic Product — Value US$, annual growth rate in Albania changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2021 | +1275.9% | -1.55 % change on previous year | 18.25 % change on previous year |
| 2011 | +929.7% | -0.9739 % change on previous year | 8.08 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 0.7186 % change on previous year | -16.54 % change on previous year | 2.95 % change on previous year | 9 |
| 1980s | 2.39 % change on previous year | -9.71 % change on previous year | 19.52 % change on previous year | 10 |
| 1990s | 3.65 % change on previous year | -30.47 % change on previous year | 33.72 % change on previous year | 10 |
| 2000s | 14.53 % change on previous year | -6.5 % change on previous year | 29.05 % change on previous year | 10 |
| 2010s | 2.8 % change on previous year | -13.92 % change on previous year | 16.41 % change on previous year | 10 |
| 2020s | 11.81 % change on previous year | -1.55 % change on previous year | 21.47 % change on previous year | 5 |
Countries ranked near Albania
- 13 Niger 17 % change on previous year compare
- 14 Mongolia 16.04 % change on previous year compare
- 15 Tajikistan 16.01 % change on previous year compare
- 17 Kenya 15.24 % change on previous year compare
- 18 Sao Tome and Principe 15.18 % change on previous year compare
- 19 Kyrgyzstan 15.13 % change on previous year compare
More economy & growth data for Albania
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 3.74 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 3.47 Percent per annum (2029)
- Foreign direct investment, net outflows (BoP, current US$), 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$), annual growth rate 32.02 % change on previous year (2025)
Frequently asked questions
- What is gross domestic product — value us$, annual growth rate in Albania?
- Gross domestic product — value us$, annual growth rate in Albania was 15.38 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest gross domestic product — value us$, annual growth rate recorded in Albania?
- The highest recorded value was 33.72 % change on previous year in 1996.
- What is the lowest gross domestic product — value us$, annual growth rate recorded in Albania?
- The lowest recorded value was -30.47 % change on previous year in 1997.
- How does Albania rank for gross domestic product — value us$, annual growth rate?
- Albania ranks 16th out of 236 countries with data for 2024.
- Is gross domestic product — value us$, annual growth rate rising or falling in Albania?
- Over the last ten years it is up 334.8%. The long-run trend across the full record is volatile.
- Where does this Albania data come from?
- The figures come from Statizoid (derived), published as part of Gross Domestic Product — Value US$, annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 54 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 — Value US$. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Gross Domestic Product — Value US$ Food and Agriculture Organization of the United Nations
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 — Value US$. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.