Gross Fixed Capital Formation — Value Standard Local Currency in Albania
Albania: Gross Fixed Capital Formation — Value Standard Local Currency was 584,699 million SLC in 2024. ◆ Volatile
Gross Fixed Capital Formation — Value Standard Local Currency in Albania, 1970–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million SLC.
Analysis
In 2024, gross fixed capital formation — value standard local currency in Albania stood at 584,699 million SLC. That is the highest value across all 55 years on record.
Compared with earlier readings it is up 3.8% on the previous year and up 73.5% over ten years.
Over the whole period, gross fixed capital formation — value standard local currency in Albania peaked at 584,699 million SLC in 2024 and was at its lowest, 1,162 million SLC, in 1991.
Albania ranks 72nd of 202 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 Fixed Capital Formation — Value Standard Local Currency in Albania, year by year
| Year | million SLC | Change |
|---|---|---|
| 1970 | 3,835 million SLC | — |
| 1971 | 3,946 million SLC | +2.9% |
| 1972 | 4,058 million SLC | +2.8% |
| 1973 | 4,176 million SLC | +2.9% |
| 1974 | 4,299 million SLC | +2.9% |
| 1975 | 4,411 million SLC | +2.6% |
| 1976 | 4,551 million SLC | +3.2% |
| 1977 | 4,690 million SLC | +3.1% |
| 1978 | 4,766 million SLC | +1.6% |
| 1979 | 4,996 million SLC | +4.8% |
| 1980 | 5,134 million SLC | +2.8% |
| 1981 | 4,997 million SLC | -2.7% |
| 1982 | 5,743 million SLC | +14.9% |
| 1983 | 5,853 million SLC | +1.9% |
| 1984 | 6,099 million SLC | +4.2% |
| 1985 | 5,594 million SLC | -8.3% |
| 1986 | 5,456 million SLC | -2.5% |
| 1987 | 5,502 million SLC | +0.8% |
| 1988 | 5,418 million SLC | -1.5% |
| 1989 | 5,854 million SLC | +8.0% |
| 1990 | 5,810 million SLC | -0.8% |
| 1991 | 1,162 million SLC | -80.0% |
| 1992 | 2,545 million SLC | +119.0% |
| 1993 | 15,969 million SLC | +527.6% |
| 1994 | 31,859 million SLC | +99.5% |
| 1995 | 46,579 million SLC | +46.2% |
| 1996 | 70,600 million SLC | +51.6% |
| 1997 | 68,346 million SLC | -3.2% |
| 1998 | 82,885 million SLC | +21.3% |
| 1999 | 104,436 million SLC | +26.0% |
| 2000 | 159,916 million SLC | +53.1% |
| 2001 | 206,951 million SLC | +29.4% |
| 2002 | 220,117 million SLC | +6.4% |
| 2003 | 243,267 million SLC | +10.5% |
| 2004 | 278,802 million SLC | +14.6% |
| 2005 | 304,937 million SLC | +9.4% |
| 2006 | 332,252 million SLC | +9.0% |
| 2007 | 351,305 million SLC | +5.7% |
| 2008 | 366,882 million SLC | +4.4% |
| 2009 | 374,169 million SLC | +2.0% |
| 2010 | 352,412 million SLC | -5.8% |
| 2011 | 381,944 million SLC | +8.4% |
| 2012 | 353,044 million SLC | -7.6% |
| 2013 | 352,088 million SLC | -0.3% |
| 2014 | 337,087 million SLC | -4.3% |
| 2015 | 350,164 million SLC | +3.9% |
| 2016 | 358,813 million SLC | +2.5% |
| 2017 | 381,094 million SLC | +6.2% |
| 2018 | 390,567 million SLC | +2.5% |
| 2019 | 377,519 million SLC | -3.3% |
| 2020 | 373,135 million SLC | -1.2% |
| 2021 | 452,045 million SLC | +21.1% |
| 2022 | 510,781 million SLC | +13.0% |
| 2023 | 563,220 million SLC | +10.3% |
| 2024 | 584,699 million SLC | +3.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 4,373 million SLC | 3,835 million SLC | 4,996 million SLC | 10 |
| 1980s | 5,565 million SLC | 4,997 million SLC | 6,099 million SLC | 10 |
| 1990s | 43,019 million SLC | 1,162 million SLC | 104,436 million SLC | 10 |
| 2000s | 283,860 million SLC | 159,916 million SLC | 374,169 million SLC | 10 |
| 2010s | 363,473 million SLC | 337,087 million SLC | 390,567 million SLC | 10 |
| 2020s | 496,776 million SLC | 373,135 million SLC | 584,699 million SLC | 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)
- GNI (current LCU), annual growth rate 5.91 % change on previous year (2025)
- GNI (current LCU), per unit of GDP 86.64 current LCU per US$ of GDP (2025)
- GNI (current LCU), per capita 1.13 million current LCU per person (2025)
- Net primary income (Net income from abroad) (current US$), annual 72.09 % change on previous year (2025)
- Net primary income (Net income from abroad) (current LCU), annual 73.98 % change on previous year (2025)
- Taxes less subsidies on products (current US$), annual growth rate 14.63 % change on previous year (2025)
- Taxes less subsidies on products (current US$), per unit of GDP 0.1366 current US$ per US$ of GDP (2025)
- Taxes less subsidies on products (current US$), per capita 1,775 current US$ per person (2025)
Frequently asked questions
- What is gross fixed capital formation — value standard local currency in Albania?
- Gross fixed capital formation — value standard local currency in Albania was 584,699 million SLC in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross fixed capital formation — value standard local currency recorded in Albania?
- The highest recorded value was 584,699 million SLC in 2024.
- What is the lowest gross fixed capital formation — value standard local currency recorded in Albania?
- The lowest recorded value was 1,162 million SLC in 1991.
- How does Albania rank for gross fixed capital formation — value standard local currency?
- Albania ranks 72nd out of 202 countries with data for 2024.
- Is gross fixed capital formation — value standard local currency rising or falling in Albania?
- Over the last ten years it is up 73.5%. 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 Fixed Capital Formation — Value Standard Local Currency. 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).