Gross domestic product (GDP) in Albania
Albania: Gross domestic product (GDP) was 8.07 billion current GBP in 2014. ◆ Volatile
Latest (2014)
8.07 billion current GBP
Change on year
down 1.3%
World rank
129th
of 200 countries
All-time high
8.18 billion current GBP
in 2013
All-time low
17.99 million current GBP
in 1949
Years of data
66
1949–2014
Gross domestic product (GDP) in Albania, 1949–2014
Source: Fouquin and Hugot (2016) – processed by Our World in Data. Measured in current GBP.
Analysis
Albania recorded 8.07 billion current GBP for gross domestic product (gdp) in 2014.
Compared with earlier readings it is down 1.3% on the previous year and up 102.0% over ten years.
Over the whole period, gross domestic product (gdp) in Albania peaked at 8.18 billion current GBP in 2013 and was at its lowest, 17.99 million current GBP, in 1949.
That places Albania 129th out of 200 countries with data for 2014, putting it 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 (GDP) in Albania, year by year
| Year | current GBP | Change |
|---|---|---|
| 1949 | 17.99 million current GBP | — |
| 1950 | 30.61 million current GBP | +70.2% |
| 1951 | 37.14 million current GBP | +21.3% |
| 1952 | 39.79 million current GBP | +7.1% |
| 1953 | 39.82 million current GBP | +0.1% |
| 1954 | 38.09 million current GBP | -4.3% |
| 1955 | 47.26 million current GBP | +24.1% |
| 1956 | 52.56 million current GBP | +11.2% |
| 1957 | 70.09 million current GBP | +33.4% |
| 1958 | 108.50 million current GBP | +54.8% |
| 1959 | 122.79 million current GBP | +13.2% |
| 1960 | 125.85 million current GBP | +2.5% |
| 1961 | 138.34 million current GBP | +9.9% |
| 1962 | 113.93 million current GBP | -17.6% |
| 1963 | 115.80 million current GBP | +1.6% |
| 1964 | 142.54 million current GBP | +23.1% |
| 1965 | 171.18 million current GBP | +20.1% |
| 1966 | 200.99 million current GBP | +17.4% |
| 1967 | 235.53 million current GBP | +17.2% |
| 1968 | 309.59 million current GBP | +31.4% |
| 1969 | 350.16 million current GBP | +13.1% |
| 1970 | 399.26 million current GBP | +14.0% |
| 1971 | 431.05 million current GBP | +8.0% |
| 1972 | 466.11 million current GBP | +8.1% |
| 1973 | 524.37 million current GBP | +12.5% |
| 1974 | 576.67 million current GBP | +10.0% |
| 1975 | 632.78 million current GBP | +9.7% |
| 1976 | 808.24 million current GBP | +27.7% |
| 1977 | 973.92 million current GBP | +20.5% |
| 1978 | 1.00 billion current GBP | +3.0% |
| 1979 | 1.04 billion current GBP | +4.0% |
| 1980 | 703.78 million current GBP | -32.5% |
| 1981 | 932.24 million current GBP | +32.5% |
| 1982 | 1.10 billion current GBP | +18.4% |
| 1983 | 1.29 billion current GBP | +16.5% |
| 1984 | 1.45 billion current GBP | +12.5% |
| 1985 | 1.53 billion current GBP | +5.9% |
| 1986 | 1.48 billion current GBP | -3.2% |
| 1987 | 1.32 billion current GBP | -11.0% |
| 1988 | 1.20 billion current GBP | -9.4% |
| 1989 | 1.43 billion current GBP | +19.4% |
| 1990 | 1.18 billion current GBP | -17.1% |
| 1991 | 645.92 million current GBP | -45.4% |
| 1992 | 404.23 million current GBP | -37.4% |
| 1993 | 818.83 million current GBP | +102.6% |
| 1994 | 1.30 billion current GBP | +58.5% |
| 1995 | 1.54 billion current GBP | +18.4% |
| 1996 | 2.12 billion current GBP | +38.3% |
| 1997 | 1.44 billion current GBP | -32.2% |
| 1998 | 1.63 billion current GBP | +13.4% |
| 1999 | 2.11 billion current GBP | +29.1% |
| 2000 | 2.40 billion current GBP | +13.7% |
| 2001 | 2.82 billion current GBP | +17.5% |
| 2002 | 2.96 billion current GBP | +4.9% |
| 2003 | 3.52 billion current GBP | +18.9% |
| 2004 | 4.00 billion current GBP | +13.5% |
| 2005 | 4.49 billion current GBP | +12.3% |
| 2006 | 4.89 billion current GBP | +8.9% |
| 2007 | 5.35 billion current GBP | +9.4% |
| 2008 | 7.01 billion current GBP | +31.0% |
| 2009 | 7.73 billion current GBP | +10.3% |
| 2010 | 7.72 billion current GBP | -0.2% |
| 2011 | 8.05 billion current GBP | +4.2% |
| 2012 | 7.80 billion current GBP | -3.1% |
| 2013 | 8.18 billion current GBP | +4.8% |
| 2014 | 8.07 billion current GBP | -1.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1940s | 17.99 million current GBP | 17.99 million current GBP | 17.99 million current GBP | 1 |
| 1950s | 58.67 million current GBP | 30.61 million current GBP | 122.79 million current GBP | 10 |
| 1960s | 190.39 million current GBP | 113.93 million current GBP | 350.16 million current GBP | 10 |
| 1970s | 685.89 million current GBP | 399.26 million current GBP | 1.04 billion current GBP | 10 |
| 1980s | 1.24 billion current GBP | 703.78 million current GBP | 1.53 billion current GBP | 10 |
| 1990s | 1.32 billion current GBP | 404.23 million current GBP | 2.12 billion current GBP | 10 |
| 2000s | 4.52 billion current GBP | 2.40 billion current GBP | 7.73 billion current GBP | 10 |
| 2010s | 7.96 billion current GBP | 7.72 billion current GBP | 8.18 billion current GBP | 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)
- Industry (including construction), value added (constant 2015 US$) 0.9664 % change on previous year (2025)
- Industry (including construction), value added (constant 2015 US$) 0.1281 constant 2015 US$ per US$ of GDP (2025)
- Industry (including construction), value added (constant 2015 US$) 1,665 constant 2015 US$ per person (2025)
- Industry (including construction), value added (constant LCU), annual 0.9665 % change on previous year (2025)
- Industry (including construction), value added (constant LCU), per 15.9 constant LCU per US$ of GDP (2025)
- Industry (including construction), value added (constant LCU), per 206,611 constant LCU per person (2025)
- Services, value added (current US$), annual growth rate 15.34 % change on previous year (2025)
- Services, value added (current US$), per unit of GDP 0.4972 current US$ per US$ of GDP (2025)
Frequently asked questions
- What is gross domestic product (gdp) in Albania?
- Gross domestic product (gdp) in Albania was 8.07 billion current GBP in 2014, according to Fouquin and Hugot (2016) – processed by Our World in Data.
- What is the highest gross domestic product (gdp) recorded in Albania?
- The highest recorded value was 8.18 billion current GBP in 2013.
- What is the lowest gross domestic product (gdp) recorded in Albania?
- The lowest recorded value was 17.99 million current GBP in 1949.
- How does Albania rank for gross domestic product (gdp)?
- Albania ranks 129th out of 200 countries with data for 2014.
- Is gross domestic product (gdp) rising or falling in Albania?
- Over the last ten years it is up 102.0%. The long-run trend across the full record is volatile.
- Where does this Albania data come from?
- The figures come from Fouquin and Hugot (2016) – processed by Our World in Data, published as part of Gross domestic product (GDP). Statizoid updates them automatically from the source API.
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About this data
This data is expressed in British pounds. It is not adjusted for inflation or differences in living costs between countries.