Gross Domestic Product — Value US$ in Albania
Albania: Gross Domestic Product — Value US$ was 26,512 million USD in 2024. ◆ Volatile
Gross Domestic Product — Value US$ in Albania, 1970–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million USD.
Analysis
Albania recorded 26,512 million USD for gross domestic product — value us$ in 2024. That is the highest value across all 55 years on record.
Compared with earlier readings it is up 15.4% on the previous year and up 100.4% over ten years.
Over the whole period, gross domestic product — value us$ in Albania peaked at 26,512 million USD in 2024 and was at its lowest, 1,516 million USD, in 1992.
Albania ranks 110th of 203 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Gross Domestic Product — Value US$ in Albania, year by year
| Year | million USD | Change |
|---|---|---|
| 1970 | 2,266 million USD | — |
| 1971 | 2,331 million USD | +2.9% |
| 1972 | 2,398 million USD | +2.9% |
| 1973 | 2,467 million USD | +2.9% |
| 1974 | 2,537 million USD | +2.9% |
| 1975 | 2,610 million USD | +2.9% |
| 1976 | 2,686 million USD | +2.9% |
| 1977 | 2,761 million USD | +2.8% |
| 1978 | 2,842 million USD | +3.0% |
| 1979 | 2,372 million USD | -16.5% |
| 1980 | 2,142 million USD | -9.7% |
| 1981 | 2,215 million USD | +3.4% |
| 1982 | 2,280 million USD | +2.9% |
| 1983 | 2,305 million USD | +1.1% |
| 1984 | 2,276 million USD | -1.3% |
| 1985 | 2,324 million USD | +2.1% |
| 1986 | 2,397 million USD | +3.1% |
| 1987 | 2,378 million USD | -0.8% |
| 1988 | 2,460 million USD | +3.5% |
| 1989 | 2,941 million USD | +19.5% |
| 1990 | 2,146 million USD | -27.0% |
| 1991 | 1,597 million USD | -25.6% |
| 1992 | 1,516 million USD | -5.1% |
| 1993 | 1,700 million USD | +12.2% |
| 1994 | 1,881 million USD | +10.6% |
| 1995 | 2,393 million USD | +27.2% |
| 1996 | 3,200 million USD | +33.7% |
| 1997 | 2,225 million USD | -30.5% |
| 1998 | 2,555 million USD | +14.8% |
| 1999 | 3,222 million USD | +26.1% |
| 2000 | 3,488 million USD | +8.3% |
| 2001 | 3,927 million USD | +12.6% |
| 2002 | 4,356 million USD | +10.9% |
| 2003 | 5,561 million USD | +27.7% |
| 2004 | 7,177 million USD | +29.0% |
| 2005 | 8,052 million USD | +12.2% |
| 2006 | 8,896 million USD | +10.5% |
| 2007 | 10,677 million USD | +20.0% |
| 2008 | 12,881 million USD | +20.6% |
| 2009 | 12,044 million USD | -6.5% |
| 2010 | 11,927 million USD | -1.0% |
| 2011 | 12,891 million USD | +8.1% |
| 2012 | 12,320 million USD | -4.4% |
| 2013 | 12,776 million USD | +3.7% |
| 2014 | 13,228 million USD | +3.5% |
| 2015 | 11,387 million USD | -13.9% |
| 2016 | 11,861 million USD | +4.2% |
| 2017 | 13,020 million USD | +9.8% |
| 2018 | 15,156 million USD | +16.4% |
| 2019 | 15,402 million USD | +1.6% |
| 2020 | 15,163 million USD | -1.6% |
| 2021 | 17,931 million USD | +18.3% |
| 2022 | 18,916 million USD | +5.5% |
| 2023 | 22,978 million USD | +21.5% |
| 2024 | 26,512 million USD | +15.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 2,527 million USD | 2,266 million USD | 2,842 million USD | 10 |
| 1980s | 2,372 million USD | 2,142 million USD | 2,941 million USD | 10 |
| 1990s | 2,243 million USD | 1,516 million USD | 3,222 million USD | 10 |
| 2000s | 7,706 million USD | 3,488 million USD | 12,881 million USD | 10 |
| 2010s | 12,997 million USD | 11,387 million USD | 15,402 million USD | 10 |
| 2020s | 20,300 million USD | 15,163 million USD | 26,512 million USD | 5 |
Countries ranked near Albania
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)
- Gross domestic savings (current US$), annual growth rate 12.3 % change on previous year (2025)
- Gross domestic savings (current US$), per unit of GDP 0.1796 current US$ per US$ of GDP (2025)
- Gross domestic savings (current US$), per capita 2,335 current US$ per person (2025)
- Gross domestic savings (current LCU), annual growth rate 4.68 % change on previous year (2025)
- Gross domestic savings (current LCU), per unit of GDP 15.59 current LCU per US$ of GDP (2025)
- Gross domestic savings (current LCU), per capita 202,667 current LCU per person (2025)
- GNI, Atlas method (current US$), annual growth rate 20.25 % change on previous year (2025)
- GNI, Atlas method (current US$), per unit of GDP 0.9276 current US$ per US$ of GDP (2025)
Frequently asked questions
- What is gross domestic product — value us$ in Albania?
- Gross domestic product — value us$ in Albania was 26,512 million USD in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross domestic product — value us$ recorded in Albania?
- The highest recorded value was 26,512 million USD in 2024.
- What is the lowest gross domestic product — value us$ recorded in Albania?
- The lowest recorded value was 1,516 million USD in 1992.
- How does Albania rank for gross domestic product — value us$?
- Albania ranks 110th out of 203 countries with data for 2024.
- Is gross domestic product — value us$ rising or falling in Albania?
- Over the last ten years it is up 100.4%. The long-run trend across the full record is volatile.
- 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 US$. Statizoid updates them automatically from the source API.
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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).