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Albania GDP

Albania's GDP rose to $27.18 billion in 2024, up from $23.55 billion in 2023, according to World Bank. This represents an increase of 15.4% ($3.63 billion) from the previous year and accounts for 0.02% of the world's total GDP. Albania has GDP lower than the global median ($27.18 billion vs median $35.85 billion). Compared with the median in Europe, Albania is lower ($27.18 billion vs regional median $126.99 billion) and ranks 37th out of 48 countries in Europe.

Albania's GDP per capita rose to $5,726.03 in 2024, up from $5,444.93 in 2023.

Yearly Historical Data (1980-2024)

(in Billion USD)
Year GDP (Billion USD)
2024 27.18
2023 23.55
2022 19.02
2021 18.03
2020 15.24
2019 15.59
2018 15.38
2017 13.26
2016 11.99
2015 11.47
2014 13.3
2013 12.8
2012 12.25
2011 12.97
2010 12.09
2009 12.34
2008 13.26
2007 11.12
2006 9.15
2005 8.26
2004 7.41
2003 5.8
2002 4.52
2001 4.06
2000 3.58
1999 3.28
1998 2.6
1997 2.29
1996 3.23
1995 2.91
1994 1.88
1993 1.19
1992 0.65
1991 1.1
1990 2.03
1989 2.25
1988 2.05
1987 2.08
1986 2.1
1985 1.9
1984 1.86
1983 1.88
1982 1.86
1981 1.81
1980 1.58
Albania GDP : Definition
GDP measures the total value of all goods and services produced in Albania, measured in current US dollars. It is also called Nominal GDP.
Indicator Last Value Prior Value Period
GDP Annual Growth Rate 3.96% 3.94% 2024
GDP per Capita $5,726.03 $5,444.93 2024
GDP per Capita PPP $18,919.81 $17,991.02 2024
Real GDP $15.54B $14.95B 2024