Ivan Kushnir

Economy of Albania Ivan Kushnir

This book about the economy of Albania from the 1970s to the 2010s. Source data from UN Data.

Size. In the 2010s, the gross domestic product of Albania was equal to $13.0 billion per year; the value of agriculture was $2.5 billion; the value of manufacturing was $731.2 million. Since the share in the world is between .01% and .1%, the country is classified as a small economy.

Productivity. In the 2010s, the gross domestic product per capita was $4 474.6, the value of agriculture per capita was $850.2, the value of manufacturing per capita was $252.0. Since the productivity is between the average of below average and the average, the economy is classified as developing.

Growth. In the 2010s, the growth of gross domestic product was 2.6%; the growth of agriculture was 2.7%; the growth of manufacturing was 5.6%.

Structure. In the 2010s, the economy of Albania consisted of: services (30.8%), agriculture (21.8%), trade (14.7%), industry (13.9%), construction (11.4%), and transportation (7.4%).

Export and import. In the 2010s, the import was 58.9% higher than the export, the net import was equal to 17.4% of the GDP. The technological structure of export is not better than the structure of import.

Consumption and reproduction. The attitude of reproduction to the consumption is better than the global average, so the share of GDP in the world will increase.