Value Added (Total Manufacturing) — Value Standard Local Currency in Albania
Albania: Value Added (Total Manufacturing) — Value Standard Local Currency was 114,947 million SLC in 2023. ▲ Rising
Value Added (Total Manufacturing) — Value Standard Local Currency in Albania, 1970–2023
Source: Food and Agriculture Organization of the United Nations. Measured in million SLC.
Analysis
In 2023, value added (total manufacturing) — value standard local currency in Albania stood at 114,947 million SLC.
That represents a change of down 6.1% on the previous year and up 62.2% over ten years.
Over the whole period, value added (total manufacturing) — value standard local currency in Albania peaked at 122,436 million SLC in 2022 and was at its lowest, 18,340 million SLC, in 1994.
Albania ranks 83rd of 194 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 54 years of available data.
Value Added (Total Manufacturing) — Value Standard Local Currency in Albania, year by year
| Year | million SLC | Change |
|---|---|---|
| 1970 | 39,074 million SLC | — |
| 1971 | 40,645 million SLC | +4.0% |
| 1972 | 42,271 million SLC | +4.0% |
| 1973 | 43,954 million SLC | +4.0% |
| 1974 | 45,748 million SLC | +4.1% |
| 1975 | 47,551 million SLC | +3.9% |
| 1976 | 49,417 million SLC | +3.9% |
| 1977 | 51,578 million SLC | +4.4% |
| 1978 | 53,401 million SLC | +3.5% |
| 1979 | 55,464 million SLC | +3.9% |
| 1980 | 58,636 million SLC | +5.7% |
| 1981 | 59,256 million SLC | +1.1% |
| 1982 | 62,158 million SLC | +4.9% |
| 1983 | 62,065 million SLC | -0.1% |
| 1984 | 62,345 million SLC | +0.4% |
| 1985 | 62,502 million SLC | +0.3% |
| 1986 | 67,064 million SLC | +7.3% |
| 1987 | 69,442 million SLC | +3.5% |
| 1988 | 69,237 million SLC | -0.3% |
| 1989 | 71,931 million SLC | +3.9% |
| 1990 | 70,628 million SLC | -1.8% |
| 1991 | 43,542 million SLC | -38.3% |
| 1992 | 21,351 million SLC | -51.0% |
| 1993 | 19,438 million SLC | -9.0% |
| 1994 | 18,340 million SLC | -5.7% |
| 1995 | 20,266 million SLC | +10.5% |
| 1996 | 23,722 million SLC | +17.1% |
| 1997 | 18,417 million SLC | -22.4% |
| 1998 | 26,041 million SLC | +41.4% |
| 1999 | 29,416 million SLC | +13.0% |
| 2000 | 31,424 million SLC | +6.8% |
| 2001 | 33,233 million SLC | +5.8% |
| 2002 | 34,622 million SLC | +4.2% |
| 2003 | 41,304 million SLC | +19.3% |
| 2004 | 43,790 million SLC | +6.0% |
| 2005 | 49,870 million SLC | +13.9% |
| 2006 | 56,366 million SLC | +13.0% |
| 2007 | 63,498 million SLC | +12.7% |
| 2008 | 60,304 million SLC | -5.0% |
| 2009 | 62,050 million SLC | +2.9% |
| 2010 | 69,233 million SLC | +11.6% |
| 2011 | 76,483 million SLC | +10.5% |
| 2012 | 64,508 million SLC | -15.7% |
| 2013 | 70,860 million SLC | +9.8% |
| 2014 | 77,501 million SLC | +9.4% |
| 2015 | 81,347 million SLC | +5.0% |
| 2016 | 85,041 million SLC | +4.5% |
| 2017 | 95,612 million SLC | +12.4% |
| 2018 | 101,597 million SLC | +6.3% |
| 2019 | 107,284 million SLC | +5.6% |
| 2020 | 102,873 million SLC | -4.1% |
| 2021 | 114,333 million SLC | +11.1% |
| 2022 | 122,436 million SLC | +7.1% |
| 2023 | 114,947 million SLC | -6.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 46,910 million SLC | 39,074 million SLC | 55,464 million SLC | 10 |
| 1980s | 64,464 million SLC | 58,636 million SLC | 71,931 million SLC | 10 |
| 1990s | 29,116 million SLC | 18,340 million SLC | 70,628 million SLC | 10 |
| 2000s | 47,646 million SLC | 31,424 million SLC | 63,498 million SLC | 10 |
| 2010s | 82,947 million SLC | 64,508 million SLC | 107,284 million SLC | 10 |
| 2020s | 113,647 million SLC | 102,873 million SLC | 122,436 million SLC | 4 |
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 value added at basic prices (GVA) (current LCU), annual growth 5.05 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current LCU), per unit of GDP 74.95 current LCU per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (current LCU), per capita 974,200 current LCU per person (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), annual 3.11 % change on previous year (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), per unit 0.4535 constant 2015 US$ per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), per 5,895 constant 2015 US$ per person (2025)
- Gross value added at basic prices (GVA) (constant LCU), annual growth 3.11 % change on previous year (2025)
- Gross value added at basic prices (GVA) (constant LCU), per unit of 59.92 constant LCU per US$ of GDP (2025)
Frequently asked questions
- What is value added (total manufacturing) — value standard local currency in Albania?
- Value added (total manufacturing) — value standard local currency in Albania was 114,947 million SLC in 2023, according to Food and Agriculture Organization of the United Nations.
- What is the highest value added (total manufacturing) — value standard local currency recorded in Albania?
- The highest recorded value was 122,436 million SLC in 2022.
- What is the lowest value added (total manufacturing) — value standard local currency recorded in Albania?
- The lowest recorded value was 18,340 million SLC in 1994.
- How does Albania rank for value added (total manufacturing) — value standard local currency?
- Albania ranks 83rd out of 194 countries with data for 2023.
- Is value added (total manufacturing) — value standard local currency rising or falling in Albania?
- Over the last ten years it is up 62.2%. The long-run trend across the full record is rising.
- Where does this Albania data come from?
- The figures come from Food and Agriculture Organization of the United Nations, published as part of Value Added (Total Manufacturing) — Value Standard Local Currency, 2015 prices. 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).