| variable | 1980-1989 | 1990-1999 | 2000-2007 | 2008-2009 | 2010-2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|---|---|---|
| real gdp growth | 1.34 | 1.95 | 6.1 | 3.53 | 1.89 | 8.97 | 4.83 | 3.94 | 3.96 | 3.79 |
| CPI % | -0.18 | 44.41 | 3.07 | 2.92 | 1.92 | 2.04 | 6.73 | 4.77 | 2.23 | 2.37 |
| Unemployment rate | 5.24 | 16.91 | 14.5 | 13.9 | 14.22 | 11.5 | 10.8 | 9.5 | 8.8 | 8.8 |
| Current account balance/GDP % | -1.43 | -6.09 | -8.92 | -13.2 | -8.88 | -7.63 | -5.84 | -1.22 | -2.41 | -3.05 |
| Debt/GDP % | - | 68.02 | 57.57 | 58.0 | 68.78 | 74.8 | 65.2 | 58.37 | 55.65 | 54.3 |
Data derived from World Economic Outlook Database. To see main macroeconomic indicator in graphs click here
After declaring independence from the Ottoman Empire in 1912, Albania experienced a period of political upheaval that led to a short-lived monarchy, which ended in 1939 when Italy conquered the country. Germany then occupied Albania in 1943, and communist partisans took over the country in 1944. Albania allied itself first with the USSR (until 1960) and then with China (until 1978). In the early 1990s, Albania ended communist rule and established a multiparty democracy. Government-endorsed pyramid schemes in 1997 led to economic collapse and civil disorder, which only ended when UN peacekeeping troops intervened. In 1999, some 450,000 ethnic Albanians fled from Kosovo to Albania to escape the war with the Serbs. Albania joined NATO in 2009 and became an official candidate for EU membership in 2014.
Area: 28,748 km2
Climate: mild temperate; cool, cloudy, wet winters; hot, clear, dry summers; interior is cooler and wetter
Natural resources: petroleum, natural gas, coal, bauxite, chromite, copper, iron ore, nickel, salt, timber, hydropower, arable land
Groups: Albanian 82.6%, Greek 0.9%, other 1% (including Vlach, Romani, Macedonian, Montenegrin, and Egyptian), unspecified 15.5% (2011 est.)note: data represent population by ethnic and cultural affiliation
Languages: Albanian 98.8% (official - derived from Tosk dialect), Greek 0.5%, other 0.6% (including Macedonian, Romani, Vlach, Turkish, Italian, and Serbo-Croatian), unspecified 0.1% (2011 est.)major-language sample(s): Libri i fakteve boterore, burimi i pazevendesueshem per informacione elementare (Albanian)The World Factbook, the indispensable source for basic information.
Religions: Muslim 56.7%, Roman Catholic 10%, Orthodox 6.8%, atheist 2.5%, Bektashi (a Sufi order) 2.1%, other 5.7%, unspecified 16.2% (2011 est.)note: all mosques and churches were closed in 1967 and religious observances prohibited; in November 1990, Albania began allowing private religious practice
Capital: Tirana (Tirane)
Government type: parliamentary republic
Chief of state: President Bajram BEGAJ (since 24 July 2022)
Head of government: Prime Minister Edi RAMA (since 10 September 2013)cabinet: Council of Ministers proposed by the prime minister, nominated by the president, and approved by the Assemblyelection/appointment process: president indirectly elected by the Assembly for a 5-year term (eligible for a second term); a candidate needs three-fifths majority vote of the Assembly in 1 of 3 rounds or a simple majority in 2 additional rounds to become president; prime minister appointed by the president on the proposal of the majority party or coalition of parties in the Assemblymost recent election date: held in 4 rounds on 16, 23, and 30 May and 4 June 2022election results: 2022: Bajram BEGAJ elected president in the fourth round; Assembly vote - 78-4, opposition parties boycotted2017: Ilir META elected president in the fourth round; Assembly vote - 87-2expected date of next election: 2027
Description: legislature name: Albanian Parliamentlegislative structure: unicameralchamber name: Parliament (Kuvendi)number of seats: 140 (all directly elected)electoral system: proportional representationscope of elections: full renewalterm in office: 4 yearsmost recent election date: 5/11/2025parties elected and seats per party: Socialist Party of Albania (PS) (83); Democratic Party - Alliance for a Greater Albania (PD-ASHM) (50); Other (7)percentage of women in chamber: 35%expected date of next election: May 2029
Information derived by "The World Factbook 2021. Washington, DC: Central Intelligence Agency, 2021. https://www.cia.gov/the-world-factbook/"