Albania vs Armenia: Economic Indicators Comparison
Gross Domestic Product & Income
| Stat |  Albania |  Armenia |
|---|---|---|
| GDP | $15.1B | $12.4B |
| GDP growth, 1 year | 4.2% | 5% |
| GDP growth, 5-years average | 3.1% | 3.9% |
| Population | 3M | 2.9M |
| GDP per capita | $5.3k | $4.2k |
| GDP per capita growth | 4.4% | 4.95% |
| Purchasing Power Parity conversion factor | 42.57 | 196.69 |
| Price level ratio of PPP conversion factor GDP to market exchange rate | 0.39 | 0.41 |
| GDP per capita, PPP adjusted | $13k | $10k |
| GNI, Atlas method | $13.9B | $12.5B |
| GNI per capita | $4.9k | $4.2k |
| GNI, PPP adjusted | $38.3B | $30.9B |
| GNI per capita, PPP adjusted | $13k | $10k |
Financial system and Human development
| Stat | Albania | Armenia |
|---|---|---|
| Income Tax Rate | 23% | 26% |
| Corporate Tax Rate | 15% | 20% |
| Inflation, consumer prices | 2% | 2.5% |
| Inflation, GDP deflator | 0.9% | 2.6% |
| Unemployment | 13.9% | 17.7% |
| Economic Freedom Index | 66.9 | 70.6 |
| Personal Freedom Index | 8.07 | 7.21 |
| Human Freedom Index | 7.68 | 7.42 |
| Property Rights Index | 57.1 | 60.7 |
| Judical Effectiveness Index | 33 | 54.1 |
| Business Freedom Index | 65.7 | 81 |
| Fiscal Health Index | 86.3 | 68.8 |
| Labor Freedom Index | 52.1 | 72.5 |
| Investment Freedom Index | 70 | 75 |
| Financial Freedom Index | 70 | 70 |
| Trade Freedom Index | 88.4 | 80.6 |
| Monetary Freedom Index | 81.2 | 76 |
| Government Spending Index | 74.6 | 80.6 |
| Tax Burden Index | 85.9 | 84.9 |
| Government Integrity Index | 38.8 | 43.4 |
| Corruption Perceptions Index | 36 | 35 |
| Life expectancy at birth, years | 78.3 | 74.8 |
| Suicide mortality rate, per 100,000 people | 6.3 | 6.6 |
| Mortality caused by road traffic injury, per 100,000 people | 13.6 | 17.1 |
| Intentional homicides, per 100,000 people | 2.3 | 2.4 |
| International tourism, number of arrivals | 5.3M | 1.7M |
Government debt & reserves
| Stat | Albania | Armenia |
|---|---|---|
| Central government debt, % of GDP | 68.6% | 48.5% |
| External debt stocks, % of GNI | 67.2% | 87.5% |
| External debt stocks | $10.1B | $11B |
| Short-term debt, % of total reserves | 55.6% | 50.2% |
| Total debt service, % of exports and primary income | 20.7% | 29.9% |
| Adjusted net savings including particulate emission damage, % of GNI | 8.2% | 1.5% |
| Gross savings, % of GDP | 16.2% | 13.6% |
| Gross capital formation, % of GDP | 25% | 22.4% |
| Total reserves including gold | $3.9B | $2.3B |
| Foreign direct investment net inflows | $1.2B | $254.1M |
Exports, imports and economic structure
| Stat | Albania | Armenia |
|---|---|---|
| Exports of goods and services, % of GDP | 31.7% | 37.8% |
| Imports of goods and services, % of GDP | 45.4% | 53.5% |
| Current account balance (balance of payments) | -$1B | -$1.2B |
| Revenue excluding grants, % of GDP | 25.6% | 22.5% |
| Grants excluding technical cooperation, BoP | $181M | $111.9M |
| Personal remittances received | $1.5B | $1.5B |
| Industry including construction value added, % of GDP | 21.3% | 25% |
| Agriculture, forestry and fishing value added, % of GDP | 18.4% | 13.7% |
| Charges for the use of intellectual property, payments BoP | $26.4M | N/A |
| Charges for the use of intellectual property, receipts BoP | $14.9M | N/A |
| Expense, % of GDP | 23.3% | 22.1% |
| Government Expenditure, % of GDP | 29.1% | 25.4% |
