Albania

Description of Albania

Albania, a country located in Southeastern Europe, is a land of rich history, stunning landscapes, and cultural diversity. As Albania continues to develop and modernize, its strategic location along the Adriatic and Ionian Seas provides it with unique opportunities for economic growth and geopolitical importance. By analyzing key macroeconomic statistics and trends, we can gain valuable insights into Albania's progress and potential challenges, as well as its position in the broader regional and global context.

Population And Age Structure

Population, total: Albania's population of 2,837,849 is significantly below the average population of 40,097,746, ranking 134th out of 194 countries.

Population ages 0-14 (% of total population): Albania's percentage of population ages 0-14 at 16.47% is below the average of 27.34%, placing it at 154th out of 194 countries.

Population ages 0-14, total: With a total of 467,437 children aged 0-14, Albania ranks 143rd out of 194 countries, notably below the average of 10,327,379.

Population ages 15-64 (% of total population): Albania's population percentage aged 15-64 at 67.71% exceeds the average of 63.44%, positioning it at 42nd out of 194 countries.

Population ages 15-64, total: The country's population between 15-64 years old, at 1,921,404, falls short of the average of 26,003,407, ranking it 136th out of 194 countries.

Population ages 65 and above (% of total population): Albania's elderly population percentage at 15.82% is above the average of 9.22%, placing it 41st out of 194 countries.

Population ages 65 and above, total: With 449,008 individuals aged 65 and above, Albania ranks 104th out of 194 countries, below the average of 3,766,959.

Summary

Albania has a relatively small population compared to the global average, with a lower percentage of children (ages 0-14) and higher percentage of working-age adults (ages 15-64) and elderly individuals (ages 65 and above) than the average. This demographic distribution may impact the country's workforce, healthcare system, and overall economic productivity, signaling potential challenges and opportunities for policy planning and development strategies.

Population Miscellaneous

Albania's rural population stands at 1,075,204, which is significantly below the average rural population of 18,044,041. This places Albania at rank 124 out of 190 countries in terms of rural population.

With a rural population accounting for 37.888% of the total population, Albania is below the average of 41.158%. This places Albania at rank 99 out of 190 countries in terms of the rural population percentage.

Albania's urban population is 1,762,645, notably lower than the average urban population of 22,425,747. This places Albania at rank 135 out of 194 countries in terms of urban population.

The urban population in Albania constitutes 62.112% of the total population, which is above the average of 59.691%. Albania is ranked 96 out of 194 countries in terms of urban population percentage.

Albania's age dependency ratio is 47.697%, below the average of 59.219%. This places Albania at rank 153 out of 194 countries based on the age dependency ratio.

With a crude birth rate of 10.285 per 1,000 people, Albania is below the average of 19.384. This places Albania at rank 154 out of 192 countries in terms of the birth rate.

Albania's crude death rate of 10.785 per 1,000 people is higher than the average of 8.214. This places Albania at rank 34 out of 192 countries in terms of the death rate.

Albania's total fertility rate is 1.4 births per woman, below the average of 2.603. This places Albania at rank 170 out of 190 countries in terms of the fertility rate.

Summary

Albania exhibits a unique demographic profile compared to global averages, with a lower rural population, lower urban population, and a higher urban population percentage. Additionally, Albania has a lower age dependency ratio, crude birth rate, crude death rate, and total fertility rate than the global averages, indicating a potentially aging population with lower birth rates. These demographic indicators are crucial for policymakers and investors to understand the country's population dynamics, workforce composition, and future social welfare needs.

Military

Albania's military expenditure in current USD is $196,596,309, which is significantly below the average of $12,904,993,617. Albania ranks 112 out of 149 countries in this attribute data.

Albania's military expenditure as a percentage of GDP is 1.30%, lower than the average of 1.90%. The country ranks 97 out of 148 countries in this metric.

Albania's arms imports are valued at $1,000,000, much lower than the average of $205,522,124. Albania ranks 107 out of 113 countries in arms imports.

The total number of armed forces personnel in Albania is 8,000, significantly below the average of 165,908. Albania ranks 139 out of 164 countries in this category.

Albania's armed forces personnel as a percentage of the total labor force is 0.59%, lower than the average of 1.28%. The country ranks 103 out of 164 countries in this attribute.

Summary

Albania stands out among countries with its relatively low military expenditure, arms imports, and number of armed forces personnel compared to global averages. This indicates a strategic decision to prioritize other aspects of national development over military capabilities. While this approach may imply less emphasis on defense readiness, it also suggests a focus on economic growth, social welfare, and diplomacy as key pillars of Albania's national strategy in the global arena.

Natural Resources

Albania's forest area is 7,889 sq. km, below the average of 211,606.11 sq. km, ranking 128th out of 191 countries.

With a land area of 27,400 sq. km, Albania falls well below the average of 665,166.51 sq. km, placing 142nd out of 194 countries.

Albania's surface area of 28,750 sq. km is also below the average of 689,779.56 sq. km, ranking 140th out of 194 countries.

The arable land in Albania covers 599,600 hectares, significantly lower than the average of 7,329,543.16 hectares, positioning Albania at 120th out of 190 countries.

Albania's land under cereal production is 131,310 hectares, below the average of 4,206,011.63 hectares, giving Albania a rank of 131st out of 174 countries.

With an average precipitation depth of 1,485 mm per year, Albania exceeds the average of 1,157.83 mm per year, ranking 59th out of 178 countries.

Albania's renewable internal freshwater resources of 26.9 billion cubic meters are below the average of 240.41 billion cubic meters, placing Albania at 96th out of 178 countries.

Summary

Albania demonstrates below-average metrics in various key macroeconomic indicators such as forest area, land area, arable land, land under cereal production, and renewable internal freshwater resources. Despite exceeding the average in average precipitation depth, the country still ranks relatively lower on a global scale for this indicator as well. These findings are important because they reflect Albania's potential challenges in agricultural productivity, environmental sustainability, and overall resource availability compared to other nations, highlighting areas that may require focus and potential improvement for the country's economic development.

Resource Rents

Albania's Total natural resources rents account for 0.775% of its GDP, which is below the average of 4.63%. This places Albania at rank 108 out of 175 countries in this dataset.

Coal rents contribute 0.01% to Albania's GDP, significantly lower than the average of 0.396%. Albania ranks 42 out of 65 countries in this aspect.

Forest rents in Albania represent 0.134% of its GDP, well below the average of 1.53%. Albania holds rank 110 out of 174 countries.

Oil rents contribute 0.582% to Albania's GDP, lower than the average of 2.51%. Albania ranks 40 out of 117 countries in this category.

Albania's Natural gas rents constitute 0.009% of its GDP, significantly lower than the average of 1.25%. This places Albania at rank 69 out of 96 countries.

Mineral rents in Albania make up 0.039% of its GDP, notably below the average of 1.23%. Albania holds rank 65 out of 86 countries in this aspect.

Summary

Albania's natural resource rents, including coal, forest, oil, natural gas, and mineral rents, account for a relatively small percentage of its GDP compared to global averages. This indicates that Albania may not be fully capitalizing on its natural resource potential, ranking lower among countries in these specific categories. It highlights the opportunity for Albania to potentially develop and diversify its economy by better leveraging its natural resources to drive economic growth and improve its global competitiveness.

Commodities

For Cereal production, Albania's value of 684,023 metric tons is significantly below the average of 17,249,945.93 metric tons, ranking 117th out of 174 countries.

Albania's Aquaculture production of 9,084 metric tons is well below the average of 679,642.92 metric tons, placing it at the 81st rank out of 180 countries.

In terms of Capture fisheries production, Albania's 7,627.16 metric tons is notably lower than the average of 467,453.06 metric tons, ranking 141st out of 190 countries.

Regarding Total fisheries production, Albania's 16,711.16 metric tons falls short of the average of 1,153,914.85 metric tons, placing it at the 134th position out of 182 countries.

Albania's Fertilizer consumption of 101.43 kilograms per hectare of arable land is below the average of 159.04 kilograms, ranking 88th out of 187 countries.

Summary

Albania's agricultural sector displays lower-than-average production levels in cereals, aquaculture, capture fisheries, and total fisheries. Additionally, the country's fertilizer consumption per hectare of arable land is also below the global average. These statistics suggest that Albania may face challenges in achieving food security, economic growth, and sustainability in its agricultural practices. Addressing these deficits in production and consumption efficiency could be crucial for enhancing Albania's agricultural sector's competitiveness and resilience in the global market.

Intellectual Property

For Industrial design applications by nonresident entities, Albania's value of 510 is below the average of 1415.83. This ranks Albania 41st out of 112 countries.

Albania's Industrial design applications by residents, with a value of 38, are significantly below the average of 9799.58. This places Albania 84th out of 113 countries.

Regarding Trademark applications by nonresidents, Albania's value of 7012 falls below the average of 15878.93, ranking Albania 55th out of 130 countries.

For Trademark applications by residents, Albania's value of 1287 is well below the average of 111055.78. This positions Albania 94th out of 129 countries.

Albania's Scientific and technical journal articles at 167.16 are notably lower than the average of 15103.76, placing Albania 124th out of 192 countries.

Albania's Charges for the use of intellectual property payments amount to 38,609,323.64 USD, significantly below the average of 3,218,843,494.39 USD, ranking Albania 83rd out of 143 countries.

Furthermore, the Charges for the use of intellectual property receipts in Albania, at 15,865,804.92 USD, are far below the average of 3,191,687,117.58 USD. This places Albania 60th out of 122 countries.

Summary

Albania's performance in key macroeconomic indicators related to intellectual property such as industrial design applications, trademark applications, scientific and technical journal articles, and intellectual property payments and receipts, is consistently below the global average, placing the country in lower rankings compared to a significant number of other countries. These indicators are crucial as they reflect Albania's level of innovation, research output, and participation in the global intellectual property market, highlighting areas where the country may need to focus on improving competitiveness and fostering a culture of innovation.

Broad Economy Attributes

1. GDP (current US$): Albania's GDP is significantly below the average GDP of $442.87 billion, ranking 120 out of 189 countries.

2. GDP, PPP (current international $): Albania's GDP, adjusted for purchasing power parity, is well below the average of $734.14 billion, ranking 111 out of 181 countries.

3. GDP per capita (current US$): Albania's GDP per capita of $5343.04 is below the average of $15462.11, ranking 99 out of 190 countries.

4. GDP per capita, PPP (current international $): Albania's GDP per capita, adjusted for purchasing power parity, is below the average of $21251.89, ranking 87 out of 181 countries.

5. GNI (current US$): Albania's GNI is significantly below the average GNI of $452.04 billion, ranking 118 out of 185 countries.

6. GNI, PPP (current international $): Albania's GNI, adjusted for purchasing power parity, is well below the average of $730.70 billion, ranking 112 out of 181 countries.

7. GNI per capita, PPP (current international $): Albania's GNI per capita, adjusted for purchasing power parity, is below the average of $20615.75, ranking 83 out of 181 countries.

Summary

Albania's economic indicators, including GDP, GDP per capita, and GNI, consistently rank below global averages across both absolute and purchasing power parity-adjusted values. These rankings indicate that Albania's economy is comparatively smaller and less developed than the average of the countries analyzed. Such macroeconomic statistics are crucial as they provide insights into Albania's economic standing in the global landscape, highlighting areas for potential growth and development strategies.

Broad Value Added

1. Gross value added at basic prices (GVA) in Albania is $13,295,819,443.17, below the average of $360,070,943,595.12. Albania ranks 115 out of 176 countries in this attribute.

2. Agriculture, forestry, and fishing value added (% of GDP) in Albania is 19.23%, above the average of 10.86%. Albania ranks 37 out of 182 countries in this attribute.

3. Agriculture, forestry, and fishing value added in Albania is $2,915,069,419.24, below the average of $19,924,732,828.07. Albania ranks 95 out of 182 countries in this attribute.

4. Services value added (% of GDP) in Albania is 48.35%, below the average of 56.72%. Albania ranks 145 out of 183 countries in this attribute.

5. Services value added in Albania is $7,330,837,273.82, below the average of $295,837,711,130.69. Albania ranks 123 out of 183 countries in this attribute.

6. Industry (including construction) value added in Albania is $3,049,912,750.12, below the average of $118,421,095,413.50. Albania ranks 126 out of 183 countries in this attribute.

Summary

Albania shows below-average performance in key macroeconomic indicators such as Gross Value Added (GVA), Agriculture, Forestry, and Fishing Value Added, Services Value Added, and Industry Value Added when compared to global averages. The country ranks relatively low among a significant number of nations in each of these attributes. These findings are crucial as they indicate areas where Albania may need to focus on improving its economic performance to enhance competitiveness and sustainability in the global market.

Manufacturing Value Added

Albania's Manufacturing, value added (current US$) is significantly below the attribute average, ranking 134 out of 173 countries in the dataset. This indicates potential for growth in the manufacturing sector.

When looking at Manufacturing, value added (% of GDP), Albania's value is below the average, ranking 137 out of 173 countries. This suggests that manufacturing contributes less to Albania's GDP compared to other countries in the dataset.

Albania's Medium and high-tech manufacturing value added (% manufacturing value added) is notably lower than the attribute average, ranking 129 out of 149 countries. This indicates a potential area for investment and technological advancement.

Chemicals (% of value added in manufacturing) in Albania is below the attribute average, ranking 87 out of 89 countries. This implies that the chemical sector within Albanian manufacturing may need development.

Albania's Food, beverages and tobacco (% of value added in manufacturing) is lower than the average, ranking 50 out of 92 countries. This suggests that Albania's contribution from this sector to manufacturing value added is relatively modest.

Machinery and transport equipment (% of value added in manufacturing) in Albania is notably below the average, ranking 76 out of 93 countries. This indicates a potential area for improvement and modernization within the manufacturing industry.

Albania excels in Textiles and clothing (% of value added in manufacturing), with a value significantly above the average, ranking 3 out of 93 countries. This indicates a strong textile and clothing manufacturing sector in Albania.

Other manufacturing (% of value added in manufacturing) in Albania is slightly above the attribute average, with a rank of 43 out of 94 countries. This suggests that Albania has a diverse manufacturing base beyond the other specific categories listed.

Summary

Albania's manufacturing sector shows potential for growth, as indicated by lower-than-average values in Manufacturing value added (both in current US$ and as a percentage of GDP), Medium and high-tech manufacturing value added, Chemicals, Food, beverages and tobacco, and Machinery and transport equipment. Areas for improvement and investment include technological advancement, sector development, and modernization within the manufacturing industry. However, Albania's strength lies in Textiles and clothing manufacturing, where it outperforms many countries. The diverse manufacturing base in Albania, particularly in the Textiles and clothing sector, can contribute significantly to economic development and competitiveness on a global scale.

Money

For "Inflation, consumer prices (annual %)", Albania has a rate of 1.62%, which is below the average of 8.26%. This places Albania at rank 95 out of 165 countries in the dataset.

Regarding "Inflation, GDP deflator (annual %)", Albania's 0.70% is also below the average of 6.90%. This places Albania at rank 132 out of 188 countries.

Albania's "Broad money growth (annual %)" stands at 10.49%, below the average of 18.03%. This ranks Albania at 91 out of the 139 countries included in the data.

For "Broad money (% of GDP)", Albania's rate of 88.44% is above the average of 71.75%, placing Albania at rank 41 out of 139 countries.

Lastly, "Broad money to total reserves ratio" for Albania is 2.78, below the average of 5.17. This places Albania at rank 63 out of 126 countries in the dataset.

Summary

Albania demonstrates relatively low inflation rates compared to global averages across both consumer prices and GDP deflator indicators. However, while the country's broad money growth is below average, its broad money as a percentage of GDP is higher than average. This may indicate a level of financial liquidity and investment within the Albanian economy. Additionally, the lower ratio of broad money to total reserves suggests a more conservative approach to managing reserves compared to other countries in the dataset.

Consumption Expenditure

Final consumption expenditure (current US$): Albania's final consumption expenditure is 14024839522.3194, which is significantly below the attribute average of 381630252515.3805. Albania ranks 108 out of 159 countries in this measure.

Final consumption expenditure (% of GDP): At 92.50%, Albania's final consumption expenditure as a percentage of GDP is above the average of 82.37%. The country ranks 37 out of 159 countries in this regard.

General government final consumption expenditure (current US$): Albania's expenditure is 1796557752.41601, much lower than the attribute average. The country ranks 122 out of 158 countries.

General government final consumption expenditure (% of GDP): With a value of 11.85%, Albania's expenditure is below the average of 18.71%. The country is ranked 128 out of 158 countries.

Household and NPISHs Final consumption expenditure (current US$): Albania's expenditure is 12228281770.8237, significantly lower than the average. The country ranks 105 out of 158 countries in this measure.

Households and NPISHs final consumption expenditure (% of GDP): Albania's expenditure at 80.65% of GDP is above the average of 63.68%. The country ranks 25 out of 158 countries in this category.

Summary

Albania shows a pattern of below-average final consumption expenditures in both total and government sectors when compared to other countries. However, the country's household and NPISHs final consumption expenditure as a percentage of GDP stands out as significantly higher than the average. These indicators are crucial as they reflect the country's economic activity, government spending patterns, and the role of households in driving the economy.

Investment

Albania's Foreign direct investment, net (BoP, current US$) is below the attribute average, ranking 114 out of 169 countries. Similarly, their Foreign direct investment, net inflows (BoP, current US$) is below average, ranking 71 out of 182 countries. On the other hand, Albania performs well in Foreign direct investment, net inflows (% of GDP), ranking 22 out of 178 countries, with a value higher than the average. Albania's Foreign direct investment, net outflows (BoP, current US$) is also below average, ranking 81 out of 156 countries. When it comes to Foreign direct investment, net outflows (% of GDP), Albania ranks 66 out of 155 countries, falling below the average. Portfolio Investment, net (BoP, current US$) in Albania is below average, with a rank of 99 out of 159 countries. In terms of Portfolio investment, bonds (PPG + PNG) (NFL, current US$), Albania ranks 29 out of 59 countries, below the average. Lastly, Albania's Portfolio equity, net inflows (BoP, current US$) is also below average, ranking 77 out of 125 countries.

Summary

Albania demonstrates mixed performance in key macroeconomic indicators related to foreign direct investment and portfolio investment. While the country excels in attracting foreign direct investment as a percentage of GDP, it lags behind in terms of the actual amount of foreign direct and portfolio investment compared to global averages. These findings are crucial as they highlight Albania's relative attractiveness to foreign investors, its ability to mobilize capital for economic development, and areas where reforms may be needed to enhance investment inflows and outflows.

Debt

- Total debt service (% of GNI): Albania's value of 7.67% is above the average of 5.98%. It ranks 33 out of 120 countries in the dataset.
- Public and publicly guaranteed debt service (% of GNI): Albania's value of 4.25% is above the average of 2.84%. It ranks 28 out of 120 countries.
- External debt stocks (% of GNI): Albania's value of 70.26% is above the average of 65.42%. It ranks 37 out of 120 countries.
- Debt service on external debt, total (TDS, current US$): Albania's value of $1,143,140,604 is below the average. It ranks 64 out of 123 countries.
- Debt service on external debt, public and publicly guaranteed (PPG) (TDS, current US$): Albania's value of $633,391,094.4 is below the average. It ranks 58 out of 123 countries.
- External debt stocks, public and publicly guaranteed (PPG) (DOD, current US$): Albania's value of $4,896,459,664.3 is below the average. It ranks 74 out of 123 countries.
- External debt stocks, private nonguaranteed (PNG) (DOD, current US$): Albania's value of $4,284,005,000 is below the average. It ranks 51 out of 91 countries.
- External debt stocks, total (DOD, current US$): Albania's value of $10,477,366,100.7 is below the average. It ranks 67 out of 123 countries.

Summary

Albania has higher values than the average in key macroeconomic indicators such as total debt service, public and publicly guaranteed debt service, and external debt stocks. However, when compared to the average values of other countries, Albania ranks lower in terms of debt service on external debt and external debt stocks. These indicators are important as they reflect Albania's financial obligations and the level of its debt sustainability, which can impact its creditworthiness and ability to attract investments.

Broad Trade Attributes

Albania's Trade (% of GDP) stands at 59.83%, below the average of 82.34%. This places Albania at rank 101 out of 163 countries.

Albania's Merchandise trade (% of GDP) is 53.26%, below the average of 60.01%, ranking at 87 out of 186 countries.

Trade in services (% of GDP) for Albania is 25.69%, slightly above the average of 24.63%. Albania ranks 43 out of 171 countries in this aspect.

Albania's External balance on goods and services is -2200742017.49 USD, significantly below the average of 3405509011.13 USD. This places Albania at rank 117 out of 163 countries.

External balance on goods and services (% of GDP) is -14.51% for Albania, which is below the average of -5.97%. Albania ranks 125 out of 163 countries based on this metric.

Summary

Albania exhibits lower-than-average levels in key trade metrics such as Trade (% of GDP), Merchandise trade (% of GDP), and External balance on goods and services. Although the country fares better in Trade in services (% of GDP), there is room for improvement in optimizing its trade balance. These indicators are crucial as they reflect Albania's economic openness, competitiveness, and ability to maintain sustainable trade relationships with other nations.

Net Trade

Albania has a Current account balance (BoP, current US$) of -1314583005.68534, which is below the average of 1443864831.4940138. It ranks 118 out of 170 countries in this attribute.

The Current account balance (% of GDP) for Albania is -8.66982819780949, significantly lower than the average of -2.3613128705499826. Albania ranks 135 out of 170 countries in this category.

In terms of Net trade in goods and services (BoP, current US$), Albania records -2210461795.58811, falling below the average of 2604730003.5650773. This places Albania at the 122nd position out of 171 countries.

Albania's Net primary income (BoP, current US$) stands at -250229603.757882, above the average of -903807529.7376518. It ranks 72 out of 170 countries in this aspect.

For Net secondary income (BoP, current US$), Albania reports 1146131336.7743, surpassing the average of -269227340.40242267. This places Albania at the 55th rank out of 170 countries.

Albania's Net trade in goods (BoP, current US$) is -3419884648.54334, significantly below the average of 1302831005.6800897. Albania holds the 132nd position out of 171 countries in this metric.

In the Net capital account (BoP, current US$) category, Albania has a value of 165700783.639108, slightly higher than the average of 136543824.04518417. It ranks 54 out of 159 countries.

Lastly, for Net financial account (BoP, current US$), Albania records -960514475.344887, below the average of -469840994.6309935. It is ranked 112 out of 170 countries in this attribute.

Summary

Albania's current account balance, net trade in goods and services, and net trade in goods all demonstrate deficits compared to global averages. However, the country excels in net secondary income and net primary income. These findings are crucial as they indicate Albania's reliance on income from external sources to offset trade imbalances, highlighting areas for potential economic policy adjustments to enhance sustainable growth and reduce dependency on foreign income streams.

Broad Export Attributes

Albania's Exports of goods, services and primary income amount to $3,846,951,283.85, ranking 122 out of 170 countries. This value is significantly below the average of $146,238,908,936.30.

Albania's Exports of goods and services is $3,460,812,843.45, placing it at rank 121 out of 170 countries. The country falls short of the average of $122,938,540,059.78.

Albania's Exports of goods and services (current US$) stand at $3,435,540,416.01, ranking 117 out of 163 countries. This falls below the average of $129,596,864,610.19.

Albania's Exports of goods and services (% of GDP) is 22.66%, placing it at rank 112 out of 163 countries. The value is below the average of 38.19%.

Albania's Goods exports amount to $908,550,736.11, ranking 138 out of 171 countries. This is notably lower than the average of $93,310,581,697.39.

Albania's International tourism receipts contribute 35.92% to total exports, placing it at a high rank of 9 out of 120 countries. This figure is significantly above the average of 9.74%.

Albania's ICT goods exports contribute only 0.04% to total goods exports, placing it at rank 127 out of 142 countries. This value is notably below the average of 3.81%.

Summary

Albania's export performance across various categories shows that the country lags behind global averages in terms of export value and contribution to GDP. The significant gap between Albania's export figures and the global average highlights the potential for expansion and diversification in its export sector. Improving export competitiveness and capturing new market opportunities could play a crucial role in boosting Albania's economic growth and stability in the long run.

Merchandise Exports

Analysis of key statistics for Albania:

1. Merchandise exports (current US$): Albania's merchandise exports amount to $2,506,000,000. This value is significantly below the average of $89,542,711,229.95. Albania ranks 131 out of 187 countries in this attribute.

2. Agricultural raw materials exports (% of merchandise exports): Albania's agricultural raw materials exports account for 0.57% of its total merchandise exports. This percentage is below the average of 2.97%. Albania ranks 106 out of 151 countries in this category.

3. Food exports (% of merchandise exports): Food exports make up 13.60% of Albania's merchandise exports, lower than the average of 24.06%. Albania ranks 87 out of 152 countries in this aspect.

4. Fuel exports (% of merchandise exports): Albania's fuel exports represent 0.91% of its merchandise exports, well below the average of 13.70%. Albania ranks 109 out of 147 countries in this regard.

5. Ores and metals exports (% of merchandise exports): Albania's ores and metals exports constitute 4.09% of its merchandise exports, lower than the average of 9.10%. Albania ranks 67 out of 152 countries for this attribute.

6. Merchandise exports by the reporting economy, residual (% of total merchandise exports): Albania's residual exports represent 0.0004% of its total merchandise exports, significantly below the average of 3.20%. Albania ranks 153 out of 166 countries in this category.

Summary

Albania's key macroeconomic indicators in merchandise exports reveal that the country's export performance is generally below global averages across various sectors including agricultural raw materials, food, fuel, ores, and metals. These rankings point to a limited diversification in Albania's export portfolio, potentially leaving the economy vulnerable to external shocks and fluctuations in global commodity prices. Improving the competitiveness and diversification of exports could enhance Albania's resilience and sustainability in the international trade arena.

Technology Exports

- Manufactures exports (% of merchandise exports): Albania's value for this attribute is 55.18%, which is above the average of 42.62%. The country ranks 62 out of 152 countries included in the data.

- High-technology exports (current US$): Albania's value for this attribute is $3,810,240, significantly below the average of $16,655,934,078.80. The country ranks 124 out of 151 countries included in the data.

- High-technology exports (% of manufactured exports): Albania's value for this attribute is 0.29%, much lower than the average of 10.15%. The country ranks 146 out of 150 countries included in the data.

- Medium and high-tech exports (% manufactured exports): Albania's value for this attribute is 8.41%, well below the average of 34.29%. The country ranks 126 out of 149 countries included in the data.

Summary

Albania performs above average in Manufactures exports (% of merchandise exports) but falls significantly below average in High-technology exports and related indicators such as High-technology exports (current US$) and High-technology exports (% of manufactured exports). Additionally, the country lags in Medium and high-tech exports, being well below the average in this category. These indicators are important as they reflect Albania's level of technological advancement, industrial diversification, and competitiveness in global markets.

Service Exports

Service exports (BoP, current US$): Albania's value of $2,552,262,107.34 is significantly below the average of $28,917,292,503.82. Albania ranks 82 out of 171 countries in this attribute.
ICT service exports (BoP, current US$): Albania's value of $82,596,607.79 is well below the average of $4,578,501,153.77. Albania ranks 102 out of 166 countries in this attribute.
ICT service exports (% of service exports, BoP): Albania's value is 3.24%, which is below the average of 11.75%. Albania ranks 131 out of 166 countries.
Communications, computer, etc. (% of service exports, BoP): Albania's value of 46.83% is slightly above the average of 45.85%. Albania ranks 88 out of 169 countries.
Transport services (% of service exports, BoP): Albania's value of 7.97% is significantly below the average of 21.80%. Albania ranks 127 out of 169 countries.
Travel services (% of service exports, BoP): Albania's value of 44.44% is notably above the average of 26.40%. Albania ranks 34 out of 167 countries.
Insurance and financial services (% of service exports, BoP): Albania's value of 0.76% is well below the average of 6.46%. Albania ranks 141 out of 161 countries.

Summary

Albania's key macroeconomic indicators for service exports and ICT service exports depict a mixed performance. While the country performs poorly in ICT service exports compared to the global average, it excels in travel services as a percentage of overall service exports. The low ranking in ICT service exports highlights a potential area for improvement and diversification in Albania's service sector to enhance competitiveness and economic growth.

Commercial Service Exports

Albania's Commercial service exports amount to $2,468,262,426.61, placing it at the 83rd rank out of 171 countries. The country's value is significantly below the average of $28,508,218,402.80.

Travel services account for 45.95% of Albania's commercial service exports, which is above the average of 27.89%. With a rank of 35 out of 167 countries, Albania performs well in this aspect.

Albania's Computer, communications, and other services contribute 45.02% to its commercial service exports, slightly higher than the average of 42.44%. The country ranks 85th out of 169 countries in this category.

Insurance and financial services make up only 0.79% of Albania's commercial service exports, significantly lower than the average of 6.97%. This places Albania at the 141st rank among 161 countries.

Transport services constitute 8.24% of Albania's commercial service exports, well below the average of 23.37%. Albania ranks 129th out of 169 countries in this aspect.

Summary

Albania has a diverse composition of commercial service exports, with a significant emphasis on travel services and computer-related services. While the country performs well in travel services, it lags behind in insurance and financial services and transport services. These indicators are crucial as they reflect Albania's strengths and weaknesses in key service sectors, providing insights into the country's economic structure and potential areas for development.

Broad Import Attributes

Imports of goods and services (current US$): Albania's value of 5,636,282,433.50 for this attribute is significantly below the average of 126,191,355,599.06. It ranks 114 out of 163 countries.

Imports of goods and services (% of GDP): Albania's value of 37.17% is below the average of 44.15%. It ranks 83 out of 163 countries.

International tourism, expenditures (% of total imports): Albania's value of 14.19% is notably above the average of 3.98%. It ranks 5 out of 131 countries.

ICT goods imports (% total goods imports): Albania's value of 2.62% is below the average of 6.85%. It ranks 126 out of 143 countries.

Goods imports (BoP, current US$): Albania's value of 4,328,412,668.94 is significantly below the average of 92,007,788,027.17. It ranks 117 out of 171 countries.

Imports of goods and services (BoP, current US$): Albania's value of 5,671,285,653.17 is significantly below the average of 120,321,577,988.12. It ranks 119 out of 170 countries.

Imports of goods, services and primary income (BoP, current US$): Albania's value of 6,307,664,723.93 is significantly below the average of 144,514,428,722.28. It ranks 120 out of 170 countries.

Summary

Albania's import values for various indicators are consistently below the global averages, ranking below the median in each category among the listed countries. Particularly noteworthy is Albania's high expenditure on international tourism compared to its total imports, indicating a reliance on tourism for economic activity. These indicators are crucial as they highlight Albania's limited integration in the global economy and its potential vulnerability to external shocks, necessitating a strategic diversification of trade partners and sources of income.

Merchandise Imports

Albania's merchandise imports amount to $5,570,000,000, ranking 113 out of 190 countries. This is significantly below the average of $89,385,605,263. Albania's focus on manufactures imports (% of merchandise imports) is 61.53%, slightly below the average of 66.76%, ranking 113 out of 152 countries.

When it comes to agricultural raw materials imports (% of merchandise imports), Albania's value is 0.97%, lower than the average of 1.27%, placing it at rank 91 out of 152 countries. Food imports (% of merchandise imports) for Albania stand at 16.37%, slightly above the average of 15.89%, with a rank of 60 out of 152 countries.

Albania's fuel imports (% of merchandise imports) represent 6.89%, below the average of 11.38%, ranking 110 out of 152 countries. Similarly, the country's ores and metals imports (% of merchandise imports) is 1.13%, significantly lower than the average of 2.57%, placing Albania at rank 106 out of 152 countries.

Lastly, Albania's merchandise imports by the reporting economy, residual (% of total merchandise imports) stand at 0.01%, well below the average of 2.51%, with a ranking of 153 out of 180 countries.

Summary

Albania's import profile shows a focus on manufactured goods with a slightly lower than average percentage, while having lower than average imports of agricultural raw materials, fuel, ores, and metals. These statistics indicate Albania's reliance on manufactured products, potentially highlighting strengths or weaknesses in its domestic production capabilities and resource availability.

Service Imports

- Service imports (BoP, current US$): Albania's service imports amount to $1.34 billion, significantly below the average of $27.62 billion, ranking 111th out of 171 countries.

- Communications, computer, etc. (% of service imports, BoP): Albania's percentage of service imports allocated to communications, computer, etc. is 24.76%, lower than the average of 44.40%, positioned at 140th out of 169 countries.

- Transport services (% of service imports, BoP): Albania allocates 15.33% of its service imports to transport services, below the average of 32.90%, ranking 156th out of 169 countries.

- Travel services (% of service imports, BoP): Albania's focus on travel services stands at 56.79%, considerably higher than the average of 14.14%, securing the 3rd rank out of 169 countries.

- Insurance and financial services (% of service imports, BoP): Albania dedicates 3.12% of its service imports to insurance and financial services, falling short of the average of 8.53%, positioned at 135th out of 169 countries.

Summary

Albania's macroeconomic indicators for service imports reveal a mixed scenario. While the total amount of service imports is notably below the global average, the country allocates a larger portion to travel services compared to its peers, ranking 3rd. However, Albania lags behind in dedicating resources to communications, computer, and transport services, placing 140th and 156th respectively. A strategic reallocation of resources towards high-demand sectors like communications and transport services could potentially enhance Albania's economic competitiveness and integration into the global market.

Commercial Service Imports

Albania's commercial service imports amount to $1.25 billion, ranking 111th out of 171 countries. This value is significantly below the attribute average of $27.10 billion.

Computer, communications, and other services account for 19.43% of Albania's commercial service imports, placing it at rank 142 out of 169 countries. This percentage is below the attribute average of 41.71%.

Insurance and financial services make up 3.34% of Albania's commercial service imports, ranking 134th out of 169 countries. This proportion is lower than the attribute average of 8.85%.

Transport services constitute 16.42% of Albania's commercial service imports, positioning it at rank 154 out of 169 countries. This percentage falls below the attribute average of 34.71%.

Albania's travel services contribute to 60.82% of commercial service imports, ranking 3rd out of 169 countries. This percentage is significantly higher than the attribute average of 14.73%.

Summary

Albania's commercial service imports are notably lower than the global average, with a strong reliance on travel services which contribute significantly to the total. However, the country lags behind in the importation of computer, communications, and financial services. This suggests a potential need for diversification in service imports to align with global trends and enhance economic resilience and competitiveness.

Infrastructure

For the attribute "Railways, passengers carried (million passenger-km)", Albania's value of 0.593 is significantly below the average of 32281.92 million passenger-km. Albania ranks 64th out of 64 countries in this dataset.

Regarding "Railways, goods transported (million ton-km)", Albania's value of 26.039 is markedly lower than the average of 119231.19 million ton-km. Albania holds the 62nd rank out of 62 countries in this category.

With "Air transport, registered carrier departures worldwide", Albania's value of 1274 falls far short of the average of 134365.61 departures. The country is ranked 132nd out of 149 countries for this metric.

Lastly, for "Air transport, passengers carried", Albania's value of 124714 lies well below the average of 11848242.70 passengers carried. In this case, Albania ranks 120th out of 149 countries in the dataset.

Summary

Albania's performance in key macroeconomic indicators related to transportation infrastructure, such as railways passengers and goods transported, as well as air transport, is notably below global averages. This low ranking highlights the country's limited connectivity and underdeveloped transportation infrastructure compared to other nations. Strengthening these sectors is crucial for Albania to improve its connectivity, facilitate trade, and attract investments, essential for its economic growth and competitiveness in the global market.

Information Technology Infrastructure

- Secure Internet servers: Albania has 2511 servers, which is below the average of 458,294. Albania ranks 94th out of 193 countries.
- Secure Internet servers (per 1 million people): With 884.83 servers per 1 million people, Albania falls short of the average of 14,067.17. It ranks 83rd out of 193 countries.
- Individuals using the Internet (% of population): Albania has 72.24% of its population using the Internet, which is above the average of 64.77%. It ranks 91st out of 180 countries.
- Fixed broadband subscriptions: Albania has 508,937 subscriptions, below the average of 6,591,956.35. It ranks 88th out of 185 countries.
- Mobile cellular subscriptions: With 2,618,880 subscriptions, Albania is below the average of 42,526,463.87. It ranks 138th out of 193 countries.

Summary

Albania exhibits a lower presence of secure Internet servers both in total count and per capita, ranking 94th and 83rd respectively. Despite this, it boasts a relatively high percentage of population using the Internet at 72.24%, ranking 91st. However, in fixed broadband and mobile cellular subscriptions, Albania lags behind with counts below the global averages, ranking 88th and 138th respectively. These indicators are crucial as they reflect Albania's connectivity infrastructure readiness for digital advancements and economic competitiveness in the global market.

Energy Consumption

Albania's renewable energy consumption accounts for 44.58% of its total final energy consumption, which is above the global average of 32.18%. This places Albania at rank 57 out of 191 countries in terms of renewable energy usage.

In terms of CO2 emissions, Albania emits 4383.2 kilotons, significantly lower than the global average of 171895.94 kilotons. This places Albania at rank 132 out of 188 countries in CO2 emissions data.

Summary

Albania stands out for its high renewable energy consumption at 44.58%, surpassing the global average of 32.18%, and ranking 57th among 191 countries. Additionally, its relatively low CO2 emissions of 4383.2 kilotons, compared to the global average of 171895.94 kilotons, position Albania at 132nd out of 188 countries.

These indicators are crucial as they demonstrate Albania's commitment to sustainable energy practices and environmental conservation. High renewable energy consumption signifies a reduced reliance on fossil fuels, contributing to environmental protection and long-term energy security. Low CO2 emissions indicate efforts towards mitigating climate change and ensuring a cleaner environment for future generations.

Government Balance Sheet

Albania's net acquisition of financial assets is 0.17% of GDP, significantly below the average of 2.45% of GDP, ranking 62 out of 87 countries.

With a central government debt of 83.89% of GDP, Albania exceeds the average of 74.12% of GDP, ranking 21 out of 61 countries in the dataset.

Albania's net incurrence of liabilities, at 6.25% of GDP, is under the average of 7.43% of GDP, placing it at rank 49 out of 92 countries.

The total reserves of Albania, 45.98% of total external debt, are below the average of 66.13%, ranking 40 out of 102 countries.

Albania's reserves and related items stand at $554,338,304.11, considerably lower than the average of $1,924,407,186.58, ranking 51 out of 171 countries.

Albania's total reserves minus gold, at $4,647,187,149.20, is well below the average of $74,221,588,171.61, ranking 90 out of 161 countries.

Albania's total reserves including gold, amounting to $4,817,386,149.20, fall far below the average of $85,708,019,773.47, ranking 93 out of 161 countries.

With total reserves in months of imports at 9.16 months, Albania surpasses the average of 7.10 months, ranking 36 out of 151 countries in the dataset.

Summary

Albania's key macroeconomic indicators show that it has lower net acquisition of financial assets, higher central government debt, and below-average reserves compared to global peers. These statistics indicate potential vulnerabilities in Albania's financial stability and its ability to manage external debt and liabilities effectively. The country's ranking among other nations highlights areas that may require policy intervention or closer monitoring to ensure sustainable economic growth and stability.

Government Revenue

Albania's revenue, excluding grants (% of GDP) is at 23.82%, which is below the average of 27.02%. This places Albania at rank 68 out of 122 countries.

Grants and other revenue (% of revenue) in Albania stands at 6.45%, significantly lower than the average of 23.54%. Albania ranks 98 out of 108 countries in this aspect.

Albania's social contributions (% of revenue) are at 23.84%, slightly above the average of 22.29%. This places Albania at rank 39 out of 81 countries.

Taxes on goods and services (% of revenue) for Albania are notably high at 51.90%, well above the average of 31.82%. This positions Albania at rank 4 out of 122 countries.

Albania's taxes on international trade (% of revenue) are at 1.57%, below the average of 6.24%. This ranks Albania at 74 out of 101 countries.

Other taxes (% of revenue) in Albania are at 0.88%, lower than the average of 2.12%. Albania ranks 57 out of 106 countries in this aspect.

For taxes on income, profits, and capital gains (% of revenue), Albania's value is 15.37%, below the average of 24.66%. This places Albania at rank 93 out of 119 countries.

Summary

Albania's revenue composition indicates a reliance on taxes on goods and services, with high contributions from social contributions. However, the country lags behind in grants and other revenue sources. This may highlight a need for diversification in revenue streams to reduce dependence on specific sources and mitigate economic vulnerabilities.

Taxes

Albania's Tax revenue (% of GDP) stands at 16.98%, slightly above the average of 16.72%. This places Albania at rank 57 out of 123 countries in the dataset.

Customs and other import duties (% of tax revenue) in Albania are relatively low at 2.23%, significantly below the average of 9.01%. Albania holds the rank of 77 out of 99 countries in this aspect.

Albania's Taxes on income, profits and capital gains (% of total taxes) are comparatively lower at 22.04%, well below the average of 38.40%. Albania ranks 107 out of 120 countries for this attribute.

Regarding the Tariff rate, applied, weighted mean, all products (%), Albania maintains a low rate of 1.1%, significantly less than the average of 5.21%. This places Albania at a rank of 143 out of 153 countries in the dataset.

Summary

Albania exhibits lower tax revenue (% of GDP), reduced customs and import duties (% of tax revenue), decreased taxes on income, profits, and capital gains (% of total taxes), and a lower applied weighted mean tariff rate on all products (%) compared to the global averages. These figures position Albania at relatively lower ranks among the countries in the dataset. These indicators are crucial as they reflect Albania's tax policy efficiency, revenue generation structure, and trade openness in comparison to its global counterparts, impacting its economic competitiveness and fiscal sustainability.

Government Expenses

Expense (% of GDP): Albania's expense as a percentage of GDP is 24.73%, which is below the average of 31.69%. This ranks Albania 82nd out of 123 countries.

Compensation of employees (% of expense): Albania allocates 23.25% of its expenses to employee compensation, slightly lower than the average of 24.70%. This places Albania at the 61st rank out of 123 countries.

Goods and services expense (% of expense): Albania's expenditure on goods and services accounts for 9.01% of its expenses, falling below the average of 14.77%. This positions Albania at the 79th rank out of 122 countries.

Interest payments (% of expense): Albania's interest payments constitute 8.40% of its expenses, above the average of 6.85%. This ranks Albania 37th out of 121 countries.

Other expense (% of expense): Albania's other expenses make up 4.65% of its total expenses, significantly lower than the average of 8.29%. This places Albania at the 79th rank out of 120 countries.

Subsidies and other transfers (% of expense): Albania dedicates 54.70% of its expenses to subsidies and transfers, surpassing the average of 43.29%. This ranks Albania 33rd out of 121 countries.

Summary

Albania's expenditure profile reveals a below-average expense as a percentage of GDP, particularly driven by higher allocations towards subsidies and transfers as well as interest payments. While the country spends less on goods and services and other expenses compared to the global average, its focus on employee compensation aligns closely with international norms. These statistics are crucial as they provide insights into Albania's fiscal priorities, financial commitments, and budget allocations, reflecting its economic policies and social welfare strategies within the global context.

Top Stats

Ranks in Top Decile For:

Attribute	Rank/Total
Textiles and clothing (% of value added in manufacturing)	3/93
International tourism, receipts (% of total exports)	9/120
International tourism, expenditures (% of total imports)	5/131
Travel services (% of service imports, BoP)	3/169
Travel services (% of commercial service imports)	3/169
Taxes on goods and services (% of revenue)	4/122

Ranks in Bottom Decile For:

Attribute	Rank/Total
Arms imports (SIPRI trend indicator values)	107/113
Chemicals (% of value added in manufacturing)	87/89
Merchandise exports by the reporting economy, residual (% of total merchandise exports)	153/166
High-technology exports (% of manufactured exports)	146/150
Transport services (% of service imports, BoP)	156/169
Transport services (% of commercial service imports)	154/169
Railways, passengers carried (million passenger-km)	64/64
Railways, goods transported (million ton-km)	62/62
Grants and other revenue (% of revenue)	98/108
Tariff rate, applied, weighted mean, all products (%)	143/153