Gross value added at basic prices by NUTS 3 region in Albania
Albania: Gross value added at basic prices by NUTS 3 region was 18,927 Current prices, million euro in 2023. ▲ Rising
Latest (2023)
18,927 Current prices, million euro
Change on year
up 21.4%
World rank
40th
of 46 countries
All-time high
18,927 Current prices, million euro
in 2023
All-time low
7,528 Current prices, million euro
in 2009
Years of data
16
2008–2023
Gross value added at basic prices by NUTS 3 region in Albania, 2008–2023
Source: Eurostat. Measured in Current prices, million euro.
Analysis
In 2023, gross value added at basic prices by nuts 3 region in Albania stood at 18,927 Current prices, million euro. That is the highest value across all 16 years on record.
The figure is up 21.4% on the previous year and up 125.5% over ten years.
Over the whole period, gross value added at basic prices by nuts 3 region in Albania peaked at 18,927 Current prices, million euro in 2023 and was at its lowest, 7,528 Current prices, million euro, in 2009.
Albania ranks 40th of 46 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 16 years of available data.
Gross value added at basic prices by NUTS 3 region in Albania, year by year
| Year | Current prices, million euro | Change |
|---|---|---|
| 2008 | 7,705 Current prices, million euro | — |
| 2009 | 7,528 Current prices, million euro | -2.3% |
| 2010 | 7,763 Current prices, million euro | +3.1% |
| 2011 | 8,013 Current prices, million euro | +3.2% |
| 2012 | 8,243 Current prices, million euro | +2.9% |
| 2013 | 8,393 Current prices, million euro | +1.8% |
| 2014 | 8,590 Current prices, million euro | +2.3% |
| 2015 | 8,903 Current prices, million euro | +3.6% |
| 2016 | 9,370 Current prices, million euro | +5.3% |
| 2017 | 10,075 Current prices, million euro | +7.5% |
| 2018 | 11,203 Current prices, million euro | +11.2% |
| 2019 | 12,050 Current prices, million euro | +7.6% |
| 2020 | 11,774 Current prices, million euro | -2.3% |
| 2021 | 13,034 Current prices, million euro | +10.7% |
| 2022 | 15,594 Current prices, million euro | +19.6% |
| 2023 | 18,927 Current prices, million euro | +21.4% |
Albania compared with similar countries
- Albania's 18,927 Current prices, million euro is below the median for Europe & Central Asia, which is 246,571 Current prices, million euro, 8% of the median. (32 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 7,616 Current prices, million euro | 7,528 Current prices, million euro | 7,705 Current prices, million euro | 2 |
| 2010s | 9,260 Current prices, million euro | 7,763 Current prices, million euro | 12,050 Current prices, million euro | 10 |
| 2020s | 14,832 Current prices, million euro | 11,774 Current prices, million euro | 18,927 Current prices, million euro | 4 |
Countries ranked near Albania
- 38 Cyprus 30,865 Current prices, million euro compare
- 39 Malta 20,480 Current prices, million euro compare
- 41 North Macedonia 13,540 Current prices, million euro compare
- 42 Guadeloupe 10,901 Current prices, million euro compare
- 43 Martinique 9,806 Current prices, million euro 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 value added at basic prices by nuts 3 region in Albania?
- Gross value added at basic prices by nuts 3 region in Albania was 18,927 Current prices, million euro in 2023, according to Eurostat.
- What is the highest gross value added at basic prices by nuts 3 region recorded in Albania?
- The highest recorded value was 18,927 Current prices, million euro in 2023.
- What is the lowest gross value added at basic prices by nuts 3 region recorded in Albania?
- The lowest recorded value was 7,528 Current prices, million euro in 2009.
- How does Albania rank for gross value added at basic prices by nuts 3 region?
- Albania ranks 40th out of 46 countries with data for 2023.
- Is gross value added at basic prices by nuts 3 region rising or falling in Albania?
- Over the last ten years it is up 125.5%. The long-run trend across the full record is rising.
- Where does this Albania data come from?
- The figures come from Eurostat, published as part of Gross value added at basic prices by NUTS 3 region. Statizoid updates them automatically from the source API.
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