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Overview

Country Context

Albania2022
Population, million2.8 
GDP, current US$ billion17.2
GDP per capita, current US$6,089.5
Upper middle-income poverty rate (US$5.5)32.4
Life Expectancy at birth, years 78.6

Albania is implementing important structural reforms that will support equitable growth, raise productivity and competitiveness in the economy, create more jobs, and improve governance and public service delivery. 

Enhanced regional connectivity and access to regional and global markets, coupled with export and market diversification, can also help promote faster growth. The Government’s focus has been on recovery from the pandemic and the devastating earthquake of November 2019. Sustaining the pace of reforms under these circumstances has been challenging.  

A robust recovery took place in Albania in 2021 thanks to policy stimulus and resurgence of travel, construction, and extractive activity. Private investment, consumption, and public spending drove growth, while public debt remained high. 

Growing inflation and the war in Ukraine threaten economic and poverty prospects in 2022. The World Bank and other partners are cooperating to support the government in overcoming these challenges and implementing the country’s longer-term vision. 

Last Updated: Oct 12, 2022

hectares of agriculture land has improved due to rehabilitation of five irrigation schemes between 2014-2021.

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Albania: Commitments by Fiscal Year (in millions of dollars)*

*Amounts include IBRD and IDA commitments
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Country Office Contacts

Tirana, Albania
34 Ibrahim Rugova St.
Tirana, Albania
Tel. (355 4) 2280 650/1