Economy of Albania

Imports

Imports commoditiesmachinery and equipment, foodstuffs, textiles, chemicals

Import partnersItaly 31.9%, Greece 9.5%, China 6.4%, Germany 6%, Turkey 5.7% (2012)

Exports

Exports commoditiestextiles and footwear; asphalt, metals and metallic ores, crude oil; vegetables, fruits, tobacco

Export partnersItaly 51.1%, Spain 9.2%, Turkey 6.3%, Greece 4.4% (2012)

Economy sectors

Agriculture productswheat, corn, potatoes, vegetables, fruits, sugar beets, grapes; meat, dairy products; sheep

Industrial productsperfumes and cosmetic products, food and tobacco products; textiles and clothing; lumber, oil, cement, chemicals, mining, basic metals, hydropower

Economy

Unemployment14.7 % (2012)13.3 % (2011)14.2 % (2010)

Unemployment of Albania

GDP - Official Exchange Rate12.8 Billion $ (2013)12.4 Billion $ (2012)12.9 Billion $ (2011)

GDP - Official Exchange Rate of Albania

GDP growth rate0.70 % (2013)1.60 % (2012)3.00 % (2011)

GDP growth rate of Albania

GDP per Capita (PPP)10,700 $ (2013)8,000 $ (2012)7,800 $ (2011)

GDP per Capita (PPP) of Albania

GDP - Purchasing Power Parity28.3 Billion $ (2013)25.9 Billion $ (2012)25.7 Billion $ (2011)

GDP - Purchasing Power Parity of Albania

GDP PPP per land area986 Thousand $ per square kilometer (2013)902 Thousand $ per square kilometer (2012)895 Thousand $ per square kilometer (2011)

GDP PPP per land area of Albania

Electricity

Electricity - installed generating capacity1.62 Million kW

Banking

Central bank discount rate5.00 % (2010)5.25 % (2009)6.25 % (2008)

Central bank discount rate of Albania

Commercial bank prime lending rate9.52 % (2013)10.9 % (2012)12.4 % (2011)

Commercial bank prime lending rate of Albania

GDP decomposition by sector

Agriculture % of GDP18.0 % (2012)19.5 % (2011)

Industry % of GDP15.4 % (2012)12.0 % (2011)

Services % of GDP66.5 % (2012)68.5 % (2011)

Tourism

International tourism, number of arrivals3.51 Million (2012)2.93 Million (2011)2.42 Million (2010)

International tourism, number of arrivals of Albania

International tourism, number of departures3.96 Million (2012)4.12 Million (2011)3.44 Million (2010)

International tourism, number of departures of Albania

Yearly Tourist arrivals to residents ratio117 % (2012)97.9 % (2011)84.6 % (2010)

Yearly Tourist arrivals to residents ratio of Albania

Debt, Current Account Balance and Budget Deficit

Public debt (Percentage of GDP)70.5 % of GDP (2013)58.8 % of GDP (2012)58.9 % of GDP (2011)

Public debt (Percentage of GDP) of Albania

Budget surplus (+) or deficit (-)-3.40 % of GDP

Current Account Balance (Percentage of GDP)-10.64 % of GDP (2012)-12.80 % of GDP (2011)-11.34 % of GDP (2010)

Current Account Balance (Percentage of GDP) of Albania

External Debt Stocks (Percentage of GNI)53.1 % of GNI (2012)46.8 % of GNI (2011)42.6 % of GNI (2010)

External Debt Stocks (Percentage of GNI) of Albania

Short-term debt (percentage of total external debt)21.3 % of total external debt (2012)14.9 % of total external debt (2011)10.9 % of total external debt (2010)

Short-term debt (percentage of total external debt) of Albania

Current Account Balance (Total)-1.28 Billion $ (2013)-1.31 Billion $ (2012)-1.70 Billion $ (2011)

Current Account Balance (Total) of Albania

External Debt (Total)3.21 Billion $ (2013)5.84 Billion $ (2012)5.19 Billion $ (2011)

External Debt (Total) of Albania

External Debt (Percentage of GDP)25.1 % of GDP (2013)47.2 % of GDP (2012)40.2 % of GDP (2011)

External Debt (Percentage of GDP) of Albania

External Debt per Capita1,067 $ (2013)1,944 $ (2012)1,732 $ (2011)

External Debt per Capita of Albania