Albania GDP

Albania GDP

Economic Growth in Albania

From the last decade to 2022, Albania's economy recorded an average growth rate of 2.9%, above the 2.5% average for Eastern Europe. In 2022, the real GDP growth was 4.8%. For more GDP information, visit our dedicated page.

Albania GDP Chart

Note: This chart displays Economic Growth (Real GDP, ann. var. %) for Albania from 2014 to 2023.
Source: Macrobond.

Albania GDP Data

2019 2020 2021 2022 2023
Economic Growth (GDP, ann. var. %) 2.1 -3.3 8.9 4.9 3.5
GDP (USD bn) 15.4 15.2 17.9 18.9 23.0
GDP (EUR bn) 13.8 13.3 15.2 18.0 21.3
GDP (ALL bn) 1,692 1,647 1,856 2,138 2,313
Economic Growth (Nominal GDP, ann. var. %) 3.4 -2.6 12.7 15.2 8.1
Consensus Forecasts and Projections for the next ten years

How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Albanian GDP projections for the next ten years from a panel of 11 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable GDP forecast available for Albanian GDP.

Download one of our sample reports to visualize what a Consensus Forecast is and see our Albanian GDP projections.

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