Albania

ALB Β· Europe and Central Asia / Europe and Central Asia (excluding high income)

Location

Key Facts

Region
Europe & Central Asia
Europe & Central Asia (excluding high income)
Population
1.97M
1967
View all demographics β†’

Population & Demographics

Basic Demographics

Population, total
1.97M
1967
Population growth (annual %)
-1.15%
2024
Population density (people per sq. km of land area)
100.2 per kmΒ²
2023
Urban population (% of total population)
65.38%
2024

Health Indicators

Life expectancy at birth, total (years)
79.6 years
2023
Birth rate, crude (per 1,000 people)
10.24 per 1,000
2023
Death rate, crude (per 1,000 people)
8.33 per 1,000
2023
Fertility rate, total (births per woman)
1.35 children
2023
Mortality rate, infant (per 1,000 live births)
8.30 per 1,000
2023

Education

Educational attainment, at least completed short-cycle tertiary, population 25+, total (%) (cumulative)
0.3%
2023
Literacy rate, adult total (% of people ages 15 and above)
97.68%
2023

Economy Snapshot

Key Economic Indicators

GDP per capita (current US$)
$10.0K
2024
Inflation, consumer prices (annual %)
2.2%
2024
Unemployment, total (% of labor force)
10.3%
2024
GNI per capita (current US$)
$8.7K
2024

Macroeconomic Indicators

GDP per capita, PPP (current international $)
23.5K intl$
2024
Central government debt, total (% of GDP)
81.9%
2021

Trade & External Sector

Trade (% of GDP)
79.1%
2024
Exports of goods and services (% of GDP)
36.1%
2024
Imports of goods and services (% of GDP)
43.0%
2024

Other Indicators

International tourism, number of arrivals
1.86M
2009
Tax revenue (% of GDP)
17.8%
2023
Foreign direct investment, net inflows (% of GDP)
6.3%
2024

Cost of Living

Cost of Living Index
38.0
Est. monthly: $1,330
Rent Index
18.0
Est. rent: $504/mo
Purchasing Power
55.0
(Higher is better)

Explore More

Albania: country data and statistics

Albania: key facts and economy

Snapshot

  • Inflation (YoY): 2.2144895327329%
  • Unemployment: 10.25%
  • Average income (GNI pc): 8690.0 USD

Overview

Short overview will be generated here based on official statistics.

Frequently Asked Questions

What is the average income in Albania?

According to our data, the average income in Albania is approximately $8,690 (GNI per capita) as of 2024. This figure represents Gross National Income per capita and provides insight into the economic prosperity and living standards in the country.

What is the inflation rate in Albania in 2024?

The inflation rate in Albania is 2.2% as of 2024. Inflation measures the rate at which the general level of prices for goods and services rises, eroding purchasing power. This data is updated regularly from reliable sources like the World Bank and IMF.

How does Albania compare to other countries in Europe and Central Asia?

Albania is located in Europe and Central Asia and can be compared with other countries in the region across various economic and demographic indicators including inflation rates, unemployment, average income, cost of living, population statistics, and life expectancy. Explore our comprehensive inflation comparison, unemployment rankings, cost of living data, population statistics, and life expectancy data to see how Albania compares to neighboring and regional countries.

Albania is located in Europe and Central Asia, Europe and Central Asia (excluding high income). Explore detailed statistics on economy, population, demographics, inflation, unemployment, and cost of living, with up-to-date data from the World Bank, IMF, UN, and other authoritative sources.

Our comprehensive database provides real-time insights into Albania's economic performance and demographic trends, allowing you to compare with other countries and understand global patterns. Access current economic indicators, population statistics, historical data, and comparative analysis to gain a deeper understanding of Albania's economic and demographic landscape. For detailed economic data, visit our economy page, and for demographic information, explore our population statistics section.

Sources and References

Data sources: World Bank, IMF, UN Data, Transparency International.

All data is compiled from publicly available sources and updated regularly. Economic indicators may vary based on reporting methodologies and data availability periods.

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