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Albania

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Official languages

Population

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ISO 4217

Tirana

Albania

Albanian

2,832,439

ALL

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<Economy>

Albania has seen a steady improvement in its economy over the past few years. According to the World Bank, the country's GDP grew by 3.2% in 2019, and is projected to grow by 3.3% in 2020. The unemployment rate has also decreased from 16.2% in 2017 to 14.2% in 2019. Inflation has been relatively low, with an average rate of 1.9% in 2019.

The country has also seen an increase in foreign direct investment (FDI). In 2019, FDI inflows reached $1.2 billion, a significant increase from the $845 million in 2018. This has been driven by increased investment in the energy, tourism, and manufacturing sectors.

Overall, Albania's economy has seen positive growth in recent years, and is expected to continue to improve in the coming years.

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