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Economy of Albania vs Argentina compared: GDP & Debt

Updated on by Georank

Albania has a GDP of $30.5B compared to $683B for Argentina, ranking 113/197 and 25/197 by economy size, respectively.

Albania has $16.1B in government debt (52.6% of GDP), compared to $549B (80.3% of GDP) in Argentina.

Albania vs Argentina GDP by year

Albania
Argentina
1x
Year GDP, current $
Albania Argentina
2025 $30,540,188,271 $683,097,891,619
2024 $27,037,474,263 $638,365,455,340
2023 $23,491,242,727 $649,461,687,959
2022 $19,017,247,014 $633,993,756,301
2021 $18,031,989,573 $486,564,085,480
2020 $15,241,458,745 $385,740,508,437
2019 $15,585,111,614 $447,754,683,615
2018 $15,379,508,330 $524,819,892,360
2017 $13,258,268,436 $643,628,393,281
2016 $11,988,668,785 $557,532,320,663
2015 $11,470,171,827 $594,749,285,413
2014 $13,296,322,588 $526,319,673,732
2013 $12,796,985,886 $552,025,140,252
2012 $12,246,499,748 $545,982,375,701
2011 $12,973,755,875 $530,158,122,010
2010 $12,086,545,641 $423,627,422,092
2009 $12,335,540,656 $332,976,484,578
2008 $13,258,506,375 $361,558,037,110
2007 $11,116,937,870 $287,530,508,431
2006 $9,150,528,132 $232,557,260,817
2005 $8,256,658,250 $198,737,095,012
2004 $7,406,645,793 $164,657,930,453
2003 $5,801,712,040 $127,586,973,492
2002 $4,515,003,117 $97,724,004,252
2001 $4,059,064,033 $268,696,750,000
2000 $3,584,570,165 $284,203,750,000
1999 $3,283,941,510 $283,523,000,000
1998 $2,600,356,999 $298,948,250,000
1997 $2,293,666,030 $292,859,000,000
1996 $3,234,486,232 $272,149,750,000
1995 $2,905,092,799 $258,031,750,000
1994 $1,880,950,864 $257,440,000,000
1993 $1,185,315,468 $236,741,715,015
1992 $652,174,991 $228,778,917,308
1991 $1,099,559,028 $189,719,984,268
1990 $2,028,553,750 $141,352,654,305
1989 $2,253,090,000 $76,629,728,760
1988 $2,051,236,250 $126,890,235,049
1987 $2,080,796,250 $108,810,885,301
1986 $2,097,326,250 $105,872,372,614
1985 $1,897,050,117 $88,150,891,728
1984 $1,857,337,995 $116,915,052,107
1983 $1,881,412,587 $103,979,106,778
1982 $1,861,163,170 $84,307,486,837
1981 $1,808,177,156 $78,676,842,367
1980 $1,578,102,105 $76,961,923,741
1979 - $69,252,328,952
1978 - $89,049,453,088
1977 - $56,781,000,101
1976 - $51,169,499,892
1975 - $52,438,647,922
1974 - $72,436,777,342
1973 - $52,544,000,117
1972 - $34,733,000,536
1971 - $33,293,199,095
1970 - $31,584,210,366
1969 - $31,256,284,544
1968 - $26,436,857,247
1967 - $24,256,667,553
1966 - $28,630,474,728
1965 - $28,344,705,967
1964 - $25,605,249,382
1963 - $18,272,123,664
1962 - $18,337,691,145
1961 - $20,132,220,375
1960 - $15,865,474,315

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

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

GDP per capita in Albania vs Argentina by year

Albania
GDP per capita

GDP per capita, PPP
Argentina
GDP per capita

GDP per capita, PPP
1x
Year Current $
Albania Argentina
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $12,998 - $14,898 -
2024 $11,374 $26,702 $13,970 $30,431
2023 $9,741 $24,822 $14,262 $30,221
2022 $7,757 $22,138 $13,962 $29,809
2021 $7,242 $18,213 $10,738 $26,300
2020 $6,028 $16,288 $8,536 $22,393
2019 $6,069 $16,442 $9,956 $23,517
2018 $5,898 $15,055 $11,753 $24,410
2017 $5,006 $14,111 $14,533 $23,385
2016 $4,458 $13,056 $12,700 $20,106
2015 $4,200 $12,387 $13,680 $19,899
2014 $4,794 $11,788 $12,233 $19,487
2013 $4,543 $10,882 $12,964 $19,929
2012 $4,281 $10,609 $12,950 $19,430
2011 $4,466 $10,273 $12,704 $19,105
2010 $4,149 $9,755 $10,260 $17,848
2009 $4,214 $9,031 $8,150 $16,182
2008 $4,499 $8,469 $8,944 $17,277
2007 $3,743 $7,585 $7,185 $16,455
2006 $3,058 $6,753 $5,869 $14,844
2005 $2,742 $6,014 $5,068 $13,465
2004 $2,447 $5,595 $4,242 $12,118
2003 $1,909 $5,169 $3,320 $10,933
2002 $1,480 $4,840 $2,570 $9,953
2001 $1,326 $4,451 $7,141 $11,118
2000 $1,160 $3,978 $7,637 $11,500
1999 $1,056 $3,549 $7,706 $11,464
1998 $831 $3,086 $8,219 $11,836
1997 $729 $2,760 $8,147 $11,403
1996 $1,021 $3,054 $7,663 $10,496
1995 $911 $2,777 $7,358 $9,891
1994 $586 $2,385 $7,438 $10,103
1993 $367 $2,143 $6,932 $9,472
1992 $200.9 $1,899 $6,790 $8,668
1991 $337 $1,989 $5,709 $7,961
1990 $617 $2,656 $4,315 $7,158
1989 $698 - $2,375 -
1988 $653 - $3,993 -
1987 $675 - $3,477 -
1986 $694 - $3,436 -
1985 $640 - $2,906 -
1984 $639 - $3,915 -
1983 $662 - $3,538 -
1982 $668 - $2,915 -
1981 $663 - $2,764 -
1980 $591 - $2,748 -
1979 - - $2,512 -
1978 - - $3,282 -
1977 - - $2,126 -
1976 - - $1,947 -
1975 - - $2,027 -
1974 - - $2,845 -
1973 - - $2,098 -
1972 - - $1,409 -
1971 - - $1,373 -
1970 - - $1,323 -
1969 - - $1,330 -
1968 - - $1,142 -
1967 - - $1,064 -
1966 - - $1,275 -
1965 - - $1,282 -
1964 - - $1,176 -
1963 - - $853 -
1962 - - $870 -
1961 - - $971 -
1960 - - $778 -

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

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

Albania's GDP per capita is $12,998, ranking 79/197, compared to $14,898 in Argentina, ranking 70/197. Adjusted for purchasing power (GDP per capita PPP), Albania ranks 79th at $26,702, while Argentina ranks 73rd at $30,431.

Economic indicators

Albania Argentina
Gross domestic product
$30.5B
2025
$683B
2025
GDP rank
113/197
2025
25/197
2025
GDP growth
3.79%
2024-2025
4.37%
2024-2025
GDP per capita
$12,998
2025
$14,898
2025
GDP per capita rank
79/197
2025
70/197
2025
GDP per capita, PPP
$26,702
2024
$30,431
2024
GDP per capita PPP rank
79/197
2024
73/197
2024
Government debt
$16.1B
2025
$549B
2025
Debt-to-GDP ratio
52.6%
2025
80.3%
2025
Government debt per person
$6,837
2025
$11,965
2025
Government debt per person rank
72/185
2025
52/185
2025
Average annual personal income after taxes
$9,481
2026
$8,751
2026
Market capitalization of domestic companies n/a
$52.9B
2022
Number of billionaires
1
2026
5
2026
Income share by richest 10%
22.8%
2020
31.2%
2024
Income share by poorest 10%
3.4%
2020
1.9%
2024
Government expenditure, % of GDP
30.1%
2025
31.6%
2025
Consumer prices inflation
2.2%
2024-2025
41.9%
2024-2025
Central bank interest rate
2.5%
2025
29%
2025
Unemployment rate
8.43%
2024
7.38%
2025
Population
2332078
46083022

Spending and national debt comparison by year

Albania
Spending

Debt
Argentina
Spending

Debt
1x
Year % of GDP
Albania Argentina
Government spending Government debt Government spending Government debt
2025 30.1% 52.6% 31.6% 80.3%
2024 28.9% 54.5% 31% 84.7%
2023 28.5% 58% 37.6% 154.6%
2022 30.3% 64.7% 37.6% 84.3%
2021 31.9% 74.8% 37.9% 81%
2020 32.4% 75.4% 42.5% 103.8%
2019 28.7% 66.6% 38.1% 89.8%
2018 28.7% 68.5% 38.9% 85.2%
2017 29.2% 71.9% 41.1% 57%
2016 29.1% 73.3% 41.5% 53.1%
2015 30.8% 73.7% 41.4% 52.6%
2014 31.7% 72% 38.9% 44.7%
2013 29.2% 70.4% 37.6% 43.5%
2012 28.2% 62.1% 36.8% 40.4%
2011 28.9% 59.4% 34.9% 38.9%
2010 29.4% 57.7% 33.4% 43.5%
2009 32.7% 59.7% 34.5% 55.4%
2008 31.7% 55.1% 30.8% 53.8%
2007 29.3% 53.6% 29.6% 62.1%
2006 29.2% 56.7% 26.6% 70.8%
2005 28.9% 58.2% 24.4% 80.3%
2004 30.2% 57.5% 23% 117.9%
2003 29.7% 60.2% 22% 125.2%
2002 31.5% 64.1% 21.9% 147.2%
2001 32.7% 60.6% 26.4% 48%
2000 33.8% 63.8% 25.2% 40.8%
1999 37.1% 68.2% 25.5% 38.9%
1998 36.8% 71.2% 23.1% 34.1%
1997 30.3% 72.2% 22.6% 31.7%
1996 - - 22.7% 32.6%
1995 - - 22.9% 30.7%
1994 - - 22.9% 28.4%
1993 - - 22% 26.9%
1992 - - 12.1% 25%
1991 - - 11.4% 35.7%
1990 - - 11% 48.5%
1989 - - 11% 118.2%
1988 - - 12.3% 61.4%
1987 - - 13.7% 74.1%
1986 - - 13.7% 55.9%
1985 - - 14.7% 55.2%
1984 - - 13% 54.6%
1983 - - 14.2% 64.2%
1982 - - 15.9% 52.2%
1981 - - 17% 26.5%
1980 - - 15.2% 11.4%
1979 - - 14.5% 12.4%
1978 - - 14.9% 17.5%
1977 - - 12.6% 25.1%
1976 - - 13% 28.7%
1975 - - 12.5% 33.8%
1974 - - 14% 13%
1973 - - 12.6% 12%
1972 - - 11.2% 17.1%
1971 - - 11.7% 15.2%
1970 - - 12% 13.5%
1969 - - 12.3% 9.63%
1968 - - 12.8% 9.43%
1967 - - 13% 10.9%
1966 - - 12.1% 13.4%
1965 - - 11.6% 15.9%
1964 - - 11.8% 16.8%
1963 - - 11.2% 23.4%
1962 - - 11.3% 25.1%
1961 - - 12.3% 8.69%
1960 - - 11.3% 8.39%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1992–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1992, retrieved 2026-07-08).

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

In 2025, Albania's government spending was $9.19B, accounting for 30.1% of its GDP, while Argentina spent $216B, or 31.6% of GDP.

Debt-to-GDP ratio is 52.6% in Albania and 80.3% in Argentina, ranking 96/185 and 43/185, respectively.

Government deficit by year

Deficit/surplus
Albania

Argentina
1x
Year Deficit/surplus, % of GDP
Albania Argentina
2025 -1.75% -0.38%
2024 -0.72% 0.46%
2023 -1.32% -5.33%
2022 -3.64% -3.84%
2021 -4.57% -4.33%
2020 -6.67% -8.67%
2019 -1.84% -4.44%
2018 -1.58% -5.44%
2017 -1.41% -6.69%
2016 -1.5% -6.65%
2015 -4.32% -6%
2014 -5.46% -4.25%
2013 -5.22% -3.25%
2012 -3.44% -3.02%
2011 -3.52% -2.75%
2010 -3.52% -1.39%
2009 -6.59% -1.83%
2008 -4.88% 0.35%
2007 -3.18% 0.76%
2006 -3.26% 1.65%
2005 -3.46% 3.34%
2004 -5.16% 3.97%
2003 -5.01% 1.5%
2002 -6.21% -1.91%
2001 -6.84% -5.36%
2000 -7.77% -3.42%
1999 -8.84% -3.71%
1998 -9.93% -1.83%
1997 -11.9% -1.84%
1996 - -2.81%
1995 - -2.07%
1994 - -1.25%
1993 - -0.02%
1992 - 1.54%
1991 - 0.96%
1990 - -0.14%
1989 - -0.25%
1988 - -1.75%
1987 - 1.89%
1986 - 3.3%
1985 - 3.6%
1984 - -1.39%
1983 - -2.89%
1982 - -4.68%
1981 - -3.93%
1980 - -1.14%
1979 - -1.5%
1978 - -1.36%
1977 - -0.54%
1976 - -2.39%
1975 - -2.9%
1974 - -1.08%
1973 - -1.48%
1972 - -0.12%
1971 - 0.32%
1970 - 1.01%
1969 - 0.54%
1968 - 0.25%
1967 - 0.66%
1966 - -0.98%
1965 - -0.89%
1964 - -1.34%
1963 - -0.65%
1962 - -0.47%
1961 - 1.73%
1960 - -1.98%
1959 - -4.82%
1958 - -6.61%
1957 - -2.72%
1956 - -3.77%
1955 - -3.75%
1954 - -3.21%
1953 - -3.1%
1952 - -3.01%
1951 - -3.52%
1950 - -3.38%
1949 - -3.98%
1948 - -2.73%
1947 - -1.6%
1946 - -4.12%
1945 - -5.25%
1944 - -4.61%
1943 - -3.86%
1942 - -2.9%
1941 - -2.85%
1940 - -2.31%
1939 - -3.09%
1938 - -2.09%
1937 - -1.62%
1936 - -1.44%
1935 - -1.16%
1934 - -1.56%
1933 - -1.27%
1932 - -1.19%
1931 - -2.98%
1930 - -3.94%
1929 - -1.95%
1928 - -1.52%
1927 - -3.3%
1926 - -1%
1925 - -0.46%
1924 - -0.68%
1923 - -0.93%
1922 - -1.86%
1921 - -0.99%
1920 - 0.2%
1919 - -0.3%
1918 - -1.14%
1917 - -2.18%
1916 - -2.13%
1915 - -2.64%
1914 - -3.03%
1913 - -0.61%
1912 - -0.78%
1911 - -2.19%
1910 - -2.24%
1909 - -2.57%
1908 - 0.28%
1907 - -0.2%
1906 - -0.32%
1905 - -3.52%
1904 - 0.15%
1903 - -0.25%
1902 - -2.2%
1901 - -0.54%
1900 - -0.42%
1899 - -0.4%
1898 - -9.31%
1897 - -1.46%
1896 - -4.19%
1895 - -1.59%
1894 - -1.06%
1893 - 0.06%
1892 - -1.33%
1891 - -4.48%
1890 - -1.82%
1889 - -2.88%
1888 - -0.69%
1887 - 0.35%
1886 - -2.39%
1885 - -2.67%
1884 - -4.07%
1883 - -4.19%
1882 - -5.42%
1881 - -2.31%
1880 - -2.15%
1879 - -1.09%
1878 - -1.08%
1877 - -1.68%
1876 - -4.15%
1875 - -3.08%
1874 - -2.59%
1873 - -1.39%
1872 - -1.18%
1871 - -5.54%
1870 - -2.74%
1869 - -1.61%
1868 - -1.8%
1867 - -1.08%
1866 - -2.09%
1865 - -0.79%
1864 - 0.51%

Data sources: International Monetary Fund (IMF) | Public Finances in Modern History (1864–1992, retrieved 2026-07-08); International Monetary Fund (IMF) | Fiscal Monitor (1993–2025, retrieved 2026-07-08).

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

In 2025, Albania's government deficit, the difference between spending and revenue, was $533M, equivalent to 1.75% of GDP. This compares to Argentina's deficit of $2.6B, or 0.38% of GDP.

Over the past 29 years, Albania recorded a fiscal deficit in 29 of those years, while Argentina ran a deficit in 22 years. On average, Albania posted an annual deficit equal to 4.6% of GDP, compared to deficit of 2.56% of GDP for Argentina.

Inflation comparison by year

Inflation
Albania

Argentina
1x
Year Consumer prices inflation
Albania Argentina
2025 2.2% 41.9%
2024 2.2% 219.9%
2023 4.8% 133.5%
2022 6.7% 72.4%
2021 2% 48.4%
2020 1.6% 42%
2019 1.4% 53.5%
2018 2% 34.3%
2017 2% 25.7%
2016 1.3% -
2015 1.9% -
2014 1.6% -
2013 1.9% 10.6%
2012 2% 10%
2011 3.4% 9.8%
2010 3.6% 10.5%
2009 2.2% 6.3%
2008 3.3% 8.6%
2007 3% 8.8%
2006 2.4% 10.9%
2005 2.4% 9.6%
2004 2.9% 4.4%
2003 2.4% 13.4%
2002 5.2% 25.9%
2001 3.1% -1.1%
2000 0% -0.9%
1999 0.4% -1.2%
1998 20.6% 0.9%
1997 33.2% -

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2025, retrieved 2026-07-08).

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

Over the past 28 years, Albania has recorded an average annual inflation rate of 3.16%, compared with 31.9% in Argentina. In 2025, inflation was 2.2% in Albania and 41.9% in Argentina.

Top exports between countries

Albania
Export category Export value
Processed food, beverages & tobacco $236K
Transport & tourism services $108K
Raw agricultural goods $69K
Machinery & equipment $47K
Textiles & consumer goods $42K
Argentina
Export category Export value
Raw agricultural goods $5.88M
Animal & marine products $5.24M
Miscellaneous $126K
Processed food, beverages & tobacco $120K

Balance of trade

Albania Argentina
Current account balance
-$161M
2025
-$7.58B
2025
Current account balance ranking
86/190
2025
169/190
2025
Current account balance, % of GDP
-0.53%
2025
-1.11%
2025
Goods imports
$8.52B
2025
$71.8B
2025
Goods exports
$1.76B
2025
$87.2B
2025
Service imports
$4.55B
2025
$29.3B
2025
Service exports
$9.66B
2025
$18B
2025
Imports of goods and services, % of GDP
42.5%
2025
14.8%
2025
Exports of goods and services, % of GDP
37%
2025
15.6%
2025

Economic freedom indices

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

Albania Argentina
Economic freedom 68 57.4
Economic freedom ranking 50/197 117/197
Property rights 57.6 41.2
Government integrity 41.9 41.2
Judicial effectiveness 59.9 58.2
Tax burden 89.3 67.8
Government spending 74.3 62.3
Fiscal health 88 72.2
Business freedom 76.6 56.8
Labor freedom 46.2 53.5
Monetary freedom 78.6 28.9
Trade freedom 83 67.4
Investment freedom 60 70
Financial freedom 60 70

Economic freedom comparison by year

Albania
Argentina
1x
Year Economic freedom index
Albania Argentina
2026 68 57.4
2025 66.6 54.2
2024 64.8 49.9
2023 65.3 51
2022 66.6 50.1
2021 65.2 52.7
2020 66.9 53.1
2019 66.5 52.2
2018 64.5 52.3
2017 64.4 50.4
2016 65.9 43.8
2015 65.7 44.1
2014 66.9 44.6
2013 65.2 46.7
2012 65.1 48
2011 64 51.7
2010 66 51.2
2009 63.7 52.3
2008 62.4 54.2
2007 61.4 54
2006 60.3 53.4
2005 57.8 51.7
2004 58.5 53.9
2003 56.8 56.3
2002 56.8 65.7
2001 56.6 68.6
2000 53.6 70
1999 53.4 70.6
1998 53.9 70.9
1997 54.8 73.3
1996 53.8 74.7
1995 49.7 68

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08).

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

The Economic Freedom Index for Albania is 68, ranking 50/197, compared to 57.4 for Argentina, ranking 117/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Albania Argentina
Services, % of GDP
49.7%
2025
56.2%
2025
Industry, % of GDP
21.8%
2025
22.9%
2025
Agriculture, forestry, and fishing, % of GDP
14.8%
2025
5.53%
2025
GNI, Atlas method
$28.3B
2025
$672B
2025
GNI per capita, PPP
$28,170
2025
$31,920
2025
Total reserves including gold
$8.6B
2025
$41B
2025
Total reserves ranking
86/177
2025
54/177
2025
Net foreign direct investment
-$1.51B
2025
-$300M
2025
Net inflows of foreign direct investment
$1.71B
2024
$11.6B
2024
Net outflows of foreign direct investment
$261M
2024
$2.76B
2024
Servicing debt to the IMF, % of GNI
3.25%
2024
6.32%
2024
Poverty at national poverty lines
19.7%
2022
38.1%
2024
Gross capital formation, % of GDP
25%
2024
16.1%
2025

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2025, retrieved 2026-07-08); U.S. Census Bureau (1985–2025, retrieved 2026-07-08).

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

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Data sources:

  1. World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Public Finances in Modern History (1864–1992, retrieved 2026-07-08)
  3. International Monetary Fund (IMF) | Fiscal Monitor (1992–2025, retrieved 2026-07-08)
  4. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08)
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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.