Albania

Continent

Europe

Capital

Tirana (Tirane)

Population

3,107,100

Sub-Zones

General Information

Basic details about Albania

Population:: 3,107,100
Area:: 28,748 sq km
Currency:: leke
Languages:: Albanian 98.8, Greek 0.5, other 0.6, Romani, Vlach, Turkish, Italian, and Serbo-Croatian), unspecified 0.1

Economic Overview

Key economic indicators for Albania

GDP:: $50.098 billion
GDP per Capita:: $18,200
GDP Growth:: 3.94%
Inflation:: 4.76%
Unemployment:: 11.58%
Public Debt:: 81.92% of GDP
Credit Rating:: B+ (2020)

Political System

Governance structure of Albania

Government Type:: parliamentary republic
Head of State:: President Bajram BEGAJ (since 24 July 2022)
Head of Government:: Prime Minister Edi RAMA (since 10 September 2013)
Judiciary:: Supreme Court (consists of 19 judges, including the chief justice); Constitutional Court (consists of 9 judges, including the chairman)
Administrative Divisions:: 12 counties (qarqe, singular - qark); Berat, Diber, Durres, Elbasan, Fier, Gjirokaster, Korce, Kukes, Lezhe, Shkoder, Tirane (Tirana), Vlore

Major Political Parties

Not specified

International Relations

Global position and alliances

UN Member:: Yes
EU Member:: No
Diplomatic Presence:: 2100 S Street NW, Washington, DC 20008

Major Alliances and Organizations

NATO

Economic Sectors & Trade

Detailed economic breakdown

Major Economic Sectors

Agriculture

16.2% (2023 est.)

Industry

23% (2023 est.)

Services

48% (2023 est.)note: figures may not total 100% due to non-allocated consumption not captured in sector-reported data

Trade Volume

Exports:: $9.099 billion
Imports:: $10.374 billion

Major Trading Partners

Italy 41

Greece 10

Germany 5

Spain 5

Serbia 4

Economic Outlook

Albania has a 3.94% GDP growth rate with 4.76% inflation. The economy is characterized by a strong agriculture sector.