Real gdp growth in Albania
Albania: Real gdp growth was 4.05 in 2024. ◆ Volatile
Real gdp growth in Albania, 1980–2024
Source: Our World in Data.
Analysis
Albania recorded 4.05 for real gdp growth in 2024.
The figure is up 0.8% on the previous year and up 128.1% over ten years.
Over the whole period, real gdp growth in Albania peaked at 12.89 in 1999 and was at its lowest, -28, in 1991.
That places Albania 73rd out of 196 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Real gdp growth in Albania, year by year
| Year | Value | Change |
|---|---|---|
| 1980 | 2.68 | — |
| 1981 | 5.7 | +112.4% |
| 1982 | 2.9 | -49.1% |
| 1983 | 1.1 | -62.1% |
| 1984 | 2 | +81.8% |
| 1985 | -1.5 | -175.0% |
| 1986 | 5.6 | -473.3% |
| 1987 | -0.8 | -114.3% |
| 1988 | -1.4 | +75.0% |
| 1989 | 9.8 | -800.0% |
| 1990 | -10 | -202.0% |
| 1991 | -28 | +180.0% |
| 1992 | -7.2 | -74.3% |
| 1993 | 9.6 | -233.3% |
| 1994 | 9.4 | -2.1% |
| 1995 | 8.9 | -5.3% |
| 1996 | 9.1 | +2.2% |
| 1997 | -10.92 | -220.0% |
| 1998 | 8.83 | -180.8% |
| 1999 | 12.89 | +46.0% |
| 2000 | 6.95 | -46.1% |
| 2001 | 8.29 | +19.4% |
| 2002 | 4.54 | -45.3% |
| 2003 | 5.53 | +21.9% |
| 2004 | 5.51 | -0.3% |
| 2005 | 5.53 | +0.2% |
| 2006 | 5.9 | +6.8% |
| 2007 | 5.98 | +1.4% |
| 2008 | 7.5 | +25.4% |
| 2009 | 3.35 | -55.3% |
| 2010 | 3.71 | +10.5% |
| 2011 | 2.54 | -31.3% |
| 2012 | 1.42 | -44.3% |
| 2013 | 1 | -29.3% |
| 2014 | 1.77 | +77.0% |
| 2015 | 2.23 | +25.6% |
| 2016 | 3.91 | +75.4% |
| 2017 | 3.28 | -16.0% |
| 2018 | 3.67 | +11.8% |
| 2019 | 2.06 | -43.8% |
| 2020 | -3.31 | -260.6% |
| 2021 | 8.97 | -370.7% |
| 2022 | 4.83 | -46.2% |
| 2023 | 4.01 | -16.8% |
| 2024 | 4.05 | +0.8% |
Albania compared with similar countries
- Albania's 4.05 is above the median for upper middle income countries, which is 3.49, 1.2× the median. (57 countries reporting)
- Albania's 4.05 is above the median for Europe & Central Asia, which is 2.55, 1.6× the median. (51 countries reporting)
Biggest year-on-year movements
Years where Real gdp growth 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 |
|---|---|---|---|
| 1989 | +800.0% | -1.4 | 9.8 |
| 1986 | +473.3% | -1.5 | 5.6 |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 2.61 | -1.5 | 9.8 | 10 |
| 1990s | 0.2596 | -28 | 12.89 | 10 |
| 2000s | 5.91 | 3.35 | 8.29 | 10 |
| 2010s | 2.56 | 1 | 3.91 | 10 |
| 2020s | 3.71 | -3.31 | 8.97 | 5 |
Countries ranked near Albania
- 70 Somalia 4.1 compare
- 71 Nigeria 4.07 compare
- 72 Brunei Darussalam 4.05 compare
- 74 Myanmar 4.02 compare
- 75 Central African Republic 4.01 compare
- 76 United Arab Emirates 3.99 compare
More economy & growth data for Albania
- Real gdp growth, annual growth rate 0.7721 % change on previous year (2024)
- 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)
- SDRs holdings, US dollar, annual growth rate 18.71 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0092 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 119.44 units per person (2025)
- SDRs holdings, SDR, annual growth rate 13.04 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0067 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 87.21 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate -30.02 % change on previous year (2025)
Frequently asked questions
- What is real gdp growth in Albania?
- Real gdp growth in Albania was 4.05 in 2024, according to Our World in Data.
- What is the highest real gdp growth recorded in Albania?
- The highest recorded value was 12.89 in 1999.
- What is the lowest real gdp growth recorded in Albania?
- The lowest recorded value was -28 in 1991.
- How does Albania rank for real gdp growth?
- Albania ranks 73rd out of 196 countries with data for 2024.
- Is real gdp growth rising or falling in Albania?
- Over the last ten years it is up 128.1%. The long-run trend across the full record is volatile.
- Where does this Albania data come from?
- The figures come from Our World in Data, published as part of Real gdp growth. Statizoid updates them automatically from the source API.
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