Volume of remittances (in United States dollars) as a proportion of in Albania
Albania: Volume of remittances (in United States dollars) as a proportion of was 8.4% in 2024. ▼ Falling
Latest (2024)
8.4%
Change on year
down 3.0%
World rank
42nd
of 203 countries
All-time high
17.2%
in 2001
All-time low
8.4%
in 2024
Years of data
25
2000–2024
Volume of remittances (in United States dollars) as a proportion of in Albania, 2000–2024
Source: United Nations Statistics Division, SDG Global Database.
Analysis
In 2024, volume of remittances (in united states dollars) as a proportion of in Albania stood at 8.4%. That is the lowest value across all 25 years on record.
The figure is down 3.0% on the previous year and down 21.3% over ten years.
Over the whole period, volume of remittances (in united states dollars) as a proportion of in Albania peaked at 17.2% in 2001 and was at its lowest, 8.4%, in 2024.
That places Albania 42nd out of 203 countries with data for 2024, putting it in the top quarter.
The long-run direction has been consistently falling across the 25 years of available data.
Volume of remittances (in United States dollars) as a proportion of in Albania, year by year
| Year | Value | Change |
|---|---|---|
| 2000 | 16.7% | — |
| 2001 | 17.2% | +3.3% |
| 2002 | 16.2% | -5.7% |
| 2003 | 15.3% | -5.7% |
| 2004 | 15.7% | +2.3% |
| 2005 | 15.6% | -0.3% |
| 2006 | 14.9% | -4.9% |
| 2007 | 13.2% | -11.1% |
| 2008 | 14.1% | +6.6% |
| 2009 | 13.9% | -1.0% |
| 2010 | 13.1% | -5.7% |
| 2011 | 12.0% | -8.9% |
| 2012 | 11.6% | -3.1% |
| 2013 | 10.0% | -13.6% |
| 2014 | 10.7% | +6.7% |
| 2015 | 11.3% | +5.3% |
| 2016 | 10.9% | -3.2% |
| 2017 | 9.9% | -9.2% |
| 2018 | 9.5% | -4.2% |
| 2019 | 9.5% | -0.3% |
| 2020 | 9.6% | +1.8% |
| 2021 | 9.5% | -0.9% |
| 2022 | 9.2% | -3.7% |
| 2023 | 8.7% | -5.6% |
| 2024 | 8.4% | -3.0% |
Albania compared with similar countries
- Albania's 8.4% is above the median for upper middle income countries, which is 3.6%, 2.3× the median. (53 countries reporting)
- Albania's 8.4% is above the median for Europe & Central Asia, which is 1.5%, 5.4× the median. (50 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 15.3% | 13.2% | 17.2% | 10 |
| 2010s | 10.8% | 9.5% | 13.1% | 10 |
| 2020s | 9.1% | 8.4% | 9.6% | 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)
- 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 volume of remittances (in united states dollars) as a proportion of in Albania?
- Volume of remittances (in united states dollars) as a proportion of in Albania was 8.4% in 2024, according to United Nations Statistics Division, SDG Global Database.
- What is the highest volume of remittances (in united states dollars) as a proportion of recorded in Albania?
- The highest recorded value was 17.2% in 2001.
- What is the lowest volume of remittances (in united states dollars) as a proportion of recorded in Albania?
- The lowest recorded value was 8.4% in 2024.
- How does Albania rank for volume of remittances (in united states dollars) as a proportion of?
- Albania ranks 42nd out of 203 countries with data for 2024.
- Is volume of remittances (in united states dollars) as a proportion of rising or falling in Albania?
- Over the last ten years it is down 21.3%. The long-run trend across the full record is falling.
- Where does this Albania data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Volume of remittances (in United States dollars) as a proportion of total GDP (%). Statizoid updates them automatically from the source API.
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