Albania GDP Trends from 1980 to 2024: A overall increase with some decline Flow

Albania's GDP changed from approximately $1B 946M in 1980 to $25B 431M in 2024, showing an overall 1206.8% sharply increased during the period.
The lowest GDP was recorded in 1992 at $843M, and the highest in 2024 at $25B 431M.
Over the 44-year span, the GDP showed a overall increase with some decline trend, with an average annual growth rate of 6.0%.
For comparison, the average annual growth rate of Serbia was 9.3%, and that of North Macedonia was 6.0%.

Overview of Albania's GDP (1980–2024)

The Gross Domestic Product (GDP) of Albania recorded a 1206.8% sharply increased from 1980 to 2024.
The average GDP during this period was $7B 862M, and the median was $4B 348M.
GDP fluctuated within a range of $24B 588M, with a standard deviation of $6B 430M.
The average annual change was $448M 219K.


Albania GDP from 1980 to 2024

The total market value of goods and services produced annually in Albania.

Change Chart

    Highest and Lowest GDP Records

    • Lowest GDP: 1992, $843M
    • Highest GDP: 2024, $25B 431M
    • Most Recent GDP: 2024, $25B 431M

    Notable Annual GDP Changes

    • 2023: Significant increase in GDP
    • 2015: Noticeable drop in GDP

    Overall pattern: overall increase with some decline


    Global Economic Events and Albania's GDP

    COVID-19 Pandemic (2020)

    • Period: From 2019 to 2020
    • GDP Change: $15B 399M → $15B 192M
    • Outcome: declined

    2008 Global Financial Crisis

    • Period: From 2007 to 2009
    • GDP Change: $10B 677M → $12B 44M
    • Outcome: sharply increased

    2001 Dot-com Bubble Burst

    • Period: From 2000 to 2001
    • GDP Change: $3B 483M → $3B 928M
    • Outcome: sharply increased

    1998 Asian Financial Crisis

    • Period: From 1997 to 1998
    • GDP Change: $2B 259M → $2B 560M
    • Outcome: sharply increased

    Key Economic Indicators of Albania (1980–2024)

    yearNominal GDPGDP per CapitaPPP per CapitaPPP GDPGDP GrowthCurrent AccountSavingsFiscal BalancePopulation
    1980
    $ 1B 946M
    $ 728.36
    $ 2,155.43
    $ 5B 759M
    2.684 %
    0.054 %
    27.12 %
    0 %
    2M 672K people
    1981
    $ 2B 229M
    $ 817.73
    $ 2,444.39
    $ 6B 664M
    5.7 %
    -0.455 %
    39.85 %
    0 %
    2M 726K people
    1982
    $ 2B 296M
    $ 824.54
    $ 2,614.86
    $ 7B 281M
    2.9 %
    -2.264 %
    41.02 %
    0 %
    2M 784K people
    1983
    $ 2B 319M
    $ 815.53
    $ 2,689.50
    $ 7B 649M
    1.1 %
    -1.583 %
    44.48 %
    0 %
    2M 844K people
    1984
    $ 2B 290M
    $ 788.33
    $ 2,783.12
    $ 8B 83M
    2 %
    -1.316 %
    46.84 %
    0 %
    2M 904K people
    1985
    $ 2B 339M
    $ 788.80
    $ 2,770.51
    $ 8B 214M
    -1.5 %
    -1.158 %
    40.83 %
    0 %
    2M 965K people
    1986
    $ 2B 587M
    $ 855.72
    $ 2,927.42
    $ 8B 849M
    5.6 %
    0.057 %
    40.31 %
    0 %
    3M 23K people
    1987
    $ 2B 566M
    $ 832.25
    $ 2,917.13
    $ 8B 995M
    -0.8 %
    0.265 %
    42.44 %
    0 %
    3M 84K people
    1988
    $ 2B 530M
    $ 805.05
    $ 2,922.07
    $ 9B 182M
    -1.4 %
    -0.986 %
    40.03 %
    0 %
    3M 142K people
    1989
    $ 2B 779M
    $ 860.78
    $ 3,245.82
    $ 10B 477M
    9.8 %
    -2.691 %
    38.06 %
    0 %
    3M 228K people
    1990
    $ 2B 221M
    $ 675.74
    $ 2,976.52
    $ 9B 782M
    -10 %
    -4.313 %
    41.02 %
    0 %
    3M 287K people
    1991
    $ 1B 333M
    $ 408.02
    $ 2,228.98
    $ 7B 282M
    -28 %
    -12.368 %
    −8.03 %
    0 %
    3M 267K people
    1992
    $ 843M
    $ 259.75
    $ 2,128.50
    $ 6B 911M
    -7.2 %
    -8.185 %
    9.43 %
    0 %
    3M 247K people
    1993
    $ 1B 461M
    $ 452.62
    $ 2,402.75
    $ 7B 754M
    9.6 %
    1.674 %
    23.39 %
    0 %
    3M 227K people
    1994
    $ 2B 361M
    $ 736.03
    $ 2,701.27
    $ 8B 664M
    9.4 %
    -3.706 %
    21.83 %
    0 %
    3M 208K people
    1995
    $ 2B 882M
    $ 903.99
    $ 3,021.96
    $ 9B 633M
    8.9 %
    -1.968 %
    21.48 %
    0 %
    3M 188K people
    1996
    $ 3B 200M
    $ 1,009.97
    $ 3,378.25
    $ 10B 702M
    9.1 %
    -7.894 %
    16.07 %
    0 %
    3M 168K people
    1997
    $ 2B 259M
    $ 717.38
    $ 3,080.30
    $ 9B 698M
    -10.924 %
    -13.047 %
    10.20 %
    -6.424 %
    3M 148K people
    1998
    $ 2B 560M
    $ 818.32
    $ 3,411.35
    $ 10B 673M
    8.829 %
    -6.944 %
    16.23 %
    -0.863 %
    3M 129K people
    1999
    $ 3B 209M
    $ 1,032.26
    $ 3,930.41
    $ 12B 219M
    12.891 %
    -1.946 %
    17.80 %
    -1.129 %
    3M 109K people