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Economy of Albania vs Andorra compared: GDP & Debt

Updated on by Georank team

Albania has a GDP of $27B compared to $4.04B for Andorra, ranking 112/197 and 166/197 by economy size, respectively.

Albania vs Andorra GDP by year

Albania
Andorra
1x
Year GDP, current $
Albania Andorra
2024 $27,046,429,297 $4,039,842,405
2023 $23,491,242,727 $3,785,065,525
2022 $19,017,247,014 $3,380,611,695
2021 $18,031,989,573 $3,324,648,076
2020 $15,241,458,745 $2,891,002,460
2019 $15,585,111,614 $3,155,150,256
2018 $15,379,508,330 $3,218,418,632
2017 $13,258,268,436 $3,000,160,415
2016 $11,988,668,785 $2,896,611,879
2015 $11,470,171,827 $2,789,882,569
2014 $13,296,322,588 $3,271,686,452
2013 $12,796,985,886 $3,193,513,470
2012 $12,246,499,748 $3,188,653,259
2011 $12,973,755,875 $3,629,133,063
2010 $12,086,545,641 $3,449,925,694
2009 $12,335,540,656 $3,688,974,807
2008 $13,258,506,375 $4,102,317,468
2007 $11,116,937,870 $3,957,627,537
2006 $9,150,528,132 $3,459,336,818
2005 $8,256,658,250 $3,161,084,847
2004 $7,406,645,793 $2,900,244,054
2003 $5,801,712,040 $2,366,941,614
2002 $4,515,003,117 $1,764,279,818
2001 $4,059,064,033 $1,548,265,927
2000 $3,584,570,165 $1,432,606,296
1999 $3,283,941,510 $1,240,295,199
1998 $2,600,356,999 $1,211,953,994
1997 $2,293,666,030 $1,180,645,572
1996 $3,234,486,232 $1,224,024,139
1995 $2,905,092,799 $1,178,745,283
1994 $1,880,950,864 $1,017,544,069
1993 $1,185,315,468 $1,007,090,270
1992 $652,174,991 $1,209,992,020
1991 $1,099,559,028 $1,106,891,362
1990 $2,028,553,750 $1,028,989,692
1989 $2,253,090,000 $795,489,582
1988 $2,051,236,250 $721,425,939
1987 $2,080,796,250 $611,299,925
1986 $2,097,326,250 $481,996,013
1985 $1,897,050,117 $346,742,715
1984 $1,857,337,995 $330,073,081
1983 $1,881,412,587 $327,850,043
1982 $1,861,163,170 $375,914,744
1981 $1,808,177,156 $388,983,266
1980 $1,578,102,105 $446,377,777
1979 - $411,548,748
1978 - $308,020,261
1977 - $253,997,897
1976 - $227,283,851
1975 - $220,112,572
1974 - $186,557,082
1973 - $150,841,639
1972 - $113,414,397
1971 - $89,406,608
1970 - $78,617,711

Data sources: World Bank | Economy & Growth (1970–2024, retrieved 2026-04-06).

GeoRank.org/economy/albania/andorra | CC BY

GDP per capita in Albania vs Andorra by year

Albania
GDP per capita

GDP per capita, PPP
Andorra
GDP per capita

GDP per capita, PPP
1x
Year Current $
Albania Andorra
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $11,378 $26,702 $49,304 $74,939
2023 $9,731 $24,822 $46,812 $71,731
2022 $7,757 $22,138 $42,414 $68,470
2021 $7,242 $18,213 $42,426 $59,332
2020 $6,028 $16,288 $37,361 $52,096
2019 $6,069 $16,442 $41,258 $57,475
2018 $5,898 $15,055 $42,820 $55,245
2017 $5,006 $14,111 $40,673 $53,085
2016 $4,458 $13,056 $40,130 $53,110
2015 $4,200 $12,387 $38,655 $50,733
2014 $4,794 $11,788 $44,370 $48,506
2013 $4,543 $10,882 $42,470 $45,609
2012 $4,281 $10,609 $41,501 $45,503
2011 $4,466 $10,273 $46,657 $46,436
2010 $4,149 $9,755 $42,747 $43,853
2009 $4,214 $9,031 $43,975 $42,523
2008 $4,499 $8,469 $49,132 $44,839
2007 $3,743 $7,585 $48,336 $47,501
2006 $3,058 $6,753 $43,467 $46,853
2005 $2,742 $6,014 $40,830 $44,578
2004 $2,447 $5,595 $39,021 $42,717
2003 $1,909 $5,169 $34,064 $41,148
2002 $1,480 $4,840 $26,528 $38,787
2001 $1,326 $4,451 $23,511 $36,895
2000 $1,160 $3,978 $21,810 $33,458
1999 $1,056 $3,549 $18,875 $31,590
1998 $831 $3,086 $18,537 $30,073
1997 $729 $2,760 $18,248 $29,122
1996 $1,021 $3,054 $19,130 $26,542
1995 $911 $2,777 $18,443 $24,934
1994 $586 $2,385 $15,749 $23,509
1993 $367 $2,143 $15,917 $22,958
1992 $200.9 $1,899 $20,100 $23,817
1991 $337 $1,989 $19,533 $24,510
1990 $617 $2,656 $19,564 $24,909
1989 $698 - $15,715 -
1988 $653 - $14,599 -
1987 $675 - $12,828 -
1986 $694 - $10,539 -
1985 $640 - $7,912 -
1984 $639 - $7,808 -
1983 $662 - $8,082 -
1982 $668 - $9,698 -
1981 $663 - $10,465 -
1980 $591 - $12,475 -
1979 - - $11,996 -
1978 - - $9,410 -
1977 - - $8,168 -
1976 - - $7,721 -
1975 - - $7,925 -
1974 - - $7,140 -
1973 - - $6,151 -
1972 - - $4,940 -
1971 - - $4,170 -
1970 - - $3,935 -

Data sources: World Bank | Economy & Growth (1970–2024, retrieved 2026-04-06).

GeoRank.org/economy/albania/andorra | CC BY

Albania's GDP per capita is $11,378, ranking 82/197, compared to $49,304 in Andorra, ranking 25/197. Adjusted for purchasing power (GDP per capita PPP), Albania ranks 79th at $26,702, while Andorra ranks 18th at $74,939.

Economic indicators

Albania Andorra
Gross domestic product
$27B
2024
$4.04B
2024
GDP rank
112/197
2024
166/197
2024
GDP growth
4.05%
2023-2024
3.37%
2023-2024
GDP per capita
$11,378
2024
$49,304
2024
GDP per capita rank
82/197
2024
25/197
2024
GDP per capita, PPP
$26,702
2024
$74,939
2024
GDP per capita PPP rank
79/197
2024
18/197
2024
Government debt
$15.2B
2024
n/a
Debt-to-GDP ratio
56%
2024
n/a
Government debt per person
$6,375
2024
n/a
Government debt per person rank
72/185
2024
n/a
Average annual personal income after taxes
$9,075
2026
$32,457
2026
Number of billionaires
1
2025
n/a
Income share by richest 10%
22.8%
2020
n/a
Income share by poorest 10%
3.4%
2020
n/a
Government expenditure, % of GDP
28.9%
2024
35%
2025
Consumer prices inflation
2.2%
2023-2024
-0.9%
2019-2020
Central bank interest rate
2.5%
2025
n/a
Unemployment rate
10.7%
2023
3.7%
2016
Population
2342753
84102

Inflation comparison by year

Inflation
Albania

Andorra
1x
Year Consumer prices inflation
Albania Andorra
2024 2.2% -
2023 4.8% -
2022 6.7% -
2021 2% -
2020 1.6% -0.9%
2019 1.4% -0.9%
2018 2% -0.9%
2017 2% -
2016 1.3% -
2015 1.9% -0.9%
2014 1.6% -
2013 1.9% -
2012 2% 1.1%
2011 3.4% -
2010 3.6% 1.6%
2009 2.2% -
2008 3.3% 2.3%
2007 3% 3.9%
2006 2.4% -
2005 2.4% 3.2%
2004 2.9% 3.4%
2003 2.4% -
2002 5.2% -
2001 3.1% -
2000 0% 4.3%
1999 0.4% -
1998 20.6% 1.62%
1997 33.2% -

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2024, retrieved 2026-02-20); Central Intelligence Agency (CIA) (1998–2020, retrieved 2026-02-20).

GeoRank.org/economy/albania/andorra | CC BY

Over the past 23 years, Albania has recorded an average annual inflation rate of 3.07%, compared with 1.49% in Andorra. In 2020, inflation was 2.2% in Albania and -0.9% in Andorra.

Top exports between countries

Albania
Export category Export value
Machinery & equipment $3K
Andorra
Export category Export value
Machinery & equipment $12K

Balance of trade

Albania Andorra
Current account balance
-$648M
2024
$649M
2024
Current account balance ranking
112/190
2024
57/190
2024
Current account balance, % of GDP
-2.4%
2024
+16.1%
2024
Goods imports
$7.87B
2024
$1.95B
2024
Goods exports
$1.82B
2024
$255M
2024
Service imports
$3.83B
2024
$1.04B
2024
Service exports
$8.03B
2024
$3.38B
2024
Imports of goods and services, % of GDP
43.2%
2024
n/a
Exports of goods and services, % of GDP
36.3%
2024
15%
2025

Economic freedom indices

The indices of economic freedom below are issued by the Heritage Foundation. Higher scores indicate stronger economic health.

Albania Andorra
Economic freedom 68 72
Economic freedom ranking 50/197 28/197
Property rights 57.6 n/a
Government integrity 41.9 n/a
Judicial effectiveness 59.9 n/a
Tax burden 89.3 n/a
Government spending 74.3 n/a
Fiscal health 88 n/a
Business freedom 76.6 n/a
Labor freedom 46.2 n/a
Monetary freedom 78.6 n/a
Trade freedom 83 n/a
Investment freedom 60 n/a
Financial freedom 60 n/a

Other economic metrics

Albania Andorra
Services, % of GDP
48.7%
2024
77.6%
2024
Industry, % of GDP
22.4%
2024
12.8%
2024
Agriculture, forestry, and fishing, % of GDP
15.5%
2024
0.47%
2024
GNI, Atlas method
$23.6B
2024
$3.9B
2024
GNI per capita, PPP
$26,500
2024
$76,090
2024
Total reserves including gold
$6.52B
2024
n/a
Total reserves ranking
89/177
2024
n/a
Net foreign direct investment
-$1.45B
2024
-$150M
2024
Net inflows of foreign direct investment
$1.71B
2024
$268M
2024
Net outflows of foreign direct investment
$261M
2024
$118M
2024
Servicing debt to the IMF, % of GNI
3.25%
2024
n/a
Poverty at national poverty lines
19.7%
2022
8%
2008
Gross capital formation, % of GDP
25%
2024
n/a

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2024, retrieved 2026-04-06); U.S. Census Bureau (1985–2024, retrieved 2026-02-08).

GeoRank.org/economy/albania/andorra | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1970–2025, retrieved 2026-04-06)
  2. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  3. International Monetary Fund (IMF) | World Economic Outlook (1997–2024, retrieved 2026-02-20)
  4. Central Intelligence Agency (CIA) (1998–2020, retrieved 2026-02-20)
  5. The Heritage Foundation | Economic Freedom Index (2026, retrieved 2026-03-09)
  6. TradeMap (2020–2024, retrieved 2026-02-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. LivingCost (2026, retrieved 2025-10-14)

Creative Commons Attribution (CC BY) — you’re free to copy, share, remix, adapt, and use even commercially as long as you give appropriate credit and clearly indicate if you made changes. Other sources may be subject to different license terms.

The current account balance is the sum of net trade in goods and services, net earnings from cross-border investments, and net transfer payments. It reflects a country's economic transactions with the rest of the world and is a fundamental component of the balance of payments. A surplus indicates that a country exports more than it imports, while a deficit shows the opposite.

Gross National Income (GNI) measures a country's total income. It encompasses income earned by residents, businesses, and foreign sources, defined as employee compensation and investment profits. GNI adds product taxes not included elsewhere and subtracts subsidies. It accounts for income from residents working abroad but excludes earnings from foreigners within the country.

A negative value for Net Foreign Direct Investment indicates a country is a net receiver of investments, as foreign inflows exceed outflows after Balance of Payments adjustments. A positive value indicates a net provider, with outflows exceeding inflows. Inflows are credits (increasing foreign claims on domestic assets), while outflows are debits (increasing domestic assets abroad).

Foreign direct investment (FDI, net inflows) shows how much capital foreign investors bring into a country after accounting for any funds that flow back in the opposite direction. It represents the net value of overseas companies establishing, expanding, or financing businesses in the reporting country. A positive number means more capital entered the country than was withdrawn, while a negative number means foreign investors pulled out more than they invested.

Foreign direct investment (FDI, net outflows) shows how much capital residents of a country invest abroad after accounting for any funds that flow back in the opposite direction. It represents the net value of domestic companies establishing, expanding, or financing businesses in other countries. A positive number means more capital was invested abroad than withdrawn, while a negative number means residents pulled back more than they invested.

Principal and interest payments to the IMF in currency, goods, or services on long-term debt expressed as a share of GNI.

Formerly gross domestic investment, gross capital formation measures the share of a country’s economic output invested in fixed assets, including buildings, machinery, and infrastructure. It indicates how much of the economy is devoted to building productive capacity.