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%.

Albania GDP from 1980 to 2024

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

Change Chart

    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.


    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