Albania flag

Albania

Republic of Albania

Capital

Tirana

Region

Europe

Population

2,363,314

Area (km²)

28,748

💡Quick Summary

Albania, a Southeastern European nation in the Balkans, boasts a population of about 2.36 million and covers 28,748 km² of diverse terrain from Adriatic beaches to rugged mountains. Its capital, Tirana, serves as the vibrant cultural and economic hub, blending Ottoman heritage with modern influences. While GDP data is unavailable here, Albania's economy thrives on tourism, agriculture, and energy, drawing visitors to its UNESCO sites and affordable coastal escapes.

Key Insights

High Life Expectancy Despite Economic Transition

Albania boasts a significantly high life expectancy, comparable to many wealthier Western European nations, despite its relatively lower GDP per capita. This suggests strong underlying public health factors or lifestyle influences mitigating the economic transition challenges.

The Demographic Challenge: Low Fertility Rate

Albania's fertility rate is extremely low (1.35), placing it well below the replacement level of 2.1. This indicates a rapidly aging population and future demographic decline, a common challenge in post-communist and developing European states.

High Literacy and Universal Electrification

The country demonstrates strong foundational development in education and infrastructure, evidenced by a near-universal literacy rate and 100% access to electricity. These figures suggest a high level of basic human development despite the moderate economic standing.

Stagnant Economic Growth vs. Persistent Unemployment

While Albania experienced solid GDP growth (4.015%) in 2023, the unemployment rate remains stubbornly high at over 10%. This suggests that the economic expansion is not translating effectively into widespread job creation, potentially due to structural issues or a skills mismatch.

Economic Indicators
Latest economic data from World Bank

GDP (Current US$)

$23.49B

Year: 2023

GDP Per Capita

$9,730.87

GDP Growth (%)

4.02%

Inflation (%)

4.76%

Unemployment (%)

10.11%

Debt to GDP (%)

N/A%

Source: World Bank • Last updated: 1/23/2026

Historical Trends & Data Visualizations

GDP Growth Rate
Annual percentage change in GDP over time
2014201520162017201820192020202120222023-4.00%0.00%4.00%8.00%12.00%
  • GDP Growth (%)
Population Growth
Total population over time
20142015201620172018201920202021202220230700,0001,400,0002,100,0002,800,000
  • Population
Life Expectancy
Average life expectancy at birth (years)
20142015201620172018201920202021202220230.0years20.0years40.0years60.0years80.0years
  • Life Expectancy (years)
Renewable Energy Consumption
Percentage of total energy from renewable sources
201420152016201720182019202020210.0%15.0%30.0%45.0%60.0%
  • Renewable Energy (%)
GDP Per Capita
Economic output per person (current US$)
2014201520162017201820192020202120222023$0$2,500$5,000$7,500$10,000
  • GDP Per Capita ($)

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