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Albania
Albania · ALB · Europe
25
Risk Score
Guarded→ Stable
Risk Factors
No recent events in pipeline
Overview
Albania is a parliamentary republic in Southeast Europe, aspiring to join the European Union. The country has made progress in economic reforms and combating corruption, but challenges remain in governance and rule of law. Tourism and energy are increasingly important sectors for its economic development.
Leadership
Bajram Begaj
President
GOVERNMENT: Parliamentary Republic
Economy
GDP
$28.0B
GDP per Capita
$9.5K
GDP Growth
+3.5%
Inflation
2.5%
Unemployment
9.0%
ServicesAgricultureEnergy (hydropower)TourismTextilesMining
Trade
Key Exports
Textiles and footwearCrude oilMetalsConstruction materialsAgricultural products
Key Imports
Machinery and equipmentFoodstuffsChemicalsVehiclesConsumer goods
Top Partners
ItalyGermanyGreeceTurkeyChina