Albania vs Azerbaijan: Economic Indicators Comparison

Azerbaijan with a GDP of $46.9B ranked the 88th largest economy in the world, while Albania ranked 123rd with $15.1B. By GDP 5-years average growth and GDP per capita, Azerbaijan and Albania ranked 164th vs 84th and 110th vs 107th, respectively.

Gross Domestic Product & Income

StatAlbaniaAzerbaijan
GDP$15.1B$46.9B
GDP growth, 1 year4.2%1.4%
GDP growth, 5-years average3.1%0.4%
Population3M10M
GDP per capita$5.3k$4.7k
GDP per capita growth4.4%0.51%
Purchasing Power Parity conversion factor42.570.44
Price level ratio of PPP conversion factor GDP to market exchange rate0.390.26
GDP per capita, PPP adjusted$13k$18k
GNI, Atlas method$13.9B$40.3B
GNI per capita$4.9k$4.1k
GNI, PPP adjusted$38.3B$170B
GNI per capita, PPP adjusted$13k$17k

Financial system and Human development

StatAlbaniaAzerbaijan
Income Tax Rate23%25%
Corporate Tax Rate15%20%
Inflation, consumer prices2%2.3%
Inflation, GDP deflator0.9%11.9%
Unemployment13.9%5.2%
Economic Freedom Index66.969.3
Personal Freedom Index8.076.73
Human Freedom Index7.686.44
Property Rights Index57.167.1
Judical Effectiveness Index3353.9
Business Freedom Index65.780.8
Fiscal Health Index86.399.2
Labor Freedom Index52.166.2
Investment Freedom Index7070
Financial Freedom Index7060
Trade Freedom Index88.474.6
Monetary Freedom Index81.269.8
Government Spending Index74.663
Tax Burden Index85.988
Government Integrity Index38.838.7
Corruption Perceptions Index3625
Life expectancy at birth, years78.372.7
Suicide mortality rate, per 100,000 people6.32.6
Mortality caused by road traffic injury, per 100,000 people13.68.7
Intentional homicides, per 100,000 people2.32
International tourism, number of arrivals5.3M2.6M

Government debt & reserves

StatAlbaniaAzerbaijan
Central government debt, % of GDP68.6%19.4%
External debt stocks, % of GNI67.2%36.4%
External debt stocks$10.1B$16.2B
Short-term debt, % of total reserves55.6%8.5%
Total debt service, % of exports and primary income20.7%10.5%
Adjusted net savings including particulate emission damage, % of GNI8.2%9.5%
Gross savings, % of GDP16.2%33%
Gross capital formation, % of GDP25%20.1%
Total reserves including gold$3.9B$6.7B
Foreign direct investment net inflows$1.2B$1.4B

Exports, imports and economic structure

StatAlbaniaAzerbaijan
Exports of goods and services, % of GDP31.7%54.3%
Imports of goods and services, % of GDP45.4%37.7%
Current account balance (balance of payments)-$1B$6.1B
Revenue excluding grants, % of GDP25.6%35.1%
Grants excluding technical cooperation, BoP$181M$45.7M
Personal remittances received$1.5B$1.2B
Industry including construction value added, % of GDP21.3%52.2%
Agriculture, forestry and fishing value added, % of GDP18.4%5.3%
Charges for the use of intellectual property, payments BoP$26.4M$28.2M
Charges for the use of intellectual property, receipts BoP$14.9M$28k
Expense, % of GDP23.3%28%
Government Expenditure, % of GDP29.1%35.1%

Compare with countries close by GDP per capita

Albania vs

CountryGDP
per capita
Population
Turkmenistan
$7k
5.85M
Peru
$6.9k
29.4M
Colombia
$6.7k
49.1M
South Africa
$6.4k
57.7M
Ecuador
$6.3k
16.6M
Belarus
$6.3k
9.41M
Fiji
$6.3k
906k
Suriname
$6.2k
563k
North Macedonia
$6.1k
2.08M
Bosnia and Herzegovina
$6.1k
3.51M
Namibia
$5.9k
2.53M
Iraq
$5.8k
38.3M
Paraguay
$5.8k
6.81M
Iran
$5.6k
80M
Jamaica
$5.4k
2.89M
Guyana
$5k
778k
Belize
$4.9k
375k
Georgia
$4.7k
3.72M
Guatemala
$4.5k
17.3M
Tonga
$4.4k
108k
Jordan
$4.2k
10.4M
Armenia
$4.2k
2.93M
Samoa
$4.2k
196k
Eswatini
$4.1k
1.37M
Mongolia
$4.1k
3.08M
Algeria
$4.1k
41.3M
Sri Lanka
$4.1k
21.4M
El Salvador
$4.1k
6.42M
Indonesia
$3.9k
264M
Marshall Islands
$3.8k
53.1k

Azerbaijan vs

CountryGDP
per capita
Population
South Africa
$6.4k
57.7M
Ecuador
$6.3k
16.6M
Belarus
$6.3k
9.41M
Fiji
$6.3k
906k
Suriname
$6.2k
563k
North Macedonia
$6.1k
2.08M
Bosnia and Herzegovina
$6.1k
3.51M
Namibia
$5.9k
2.53M
Iraq
$5.8k
38.3M
Paraguay
$5.8k
6.81M
Iran
$5.6k
80M
Jamaica
$5.4k
2.89M
Guyana
$5k
778k
Belize
$4.9k
375k
Georgia
$4.7k
3.72M
Guatemala
$4.5k
17.3M
Tonga
$4.4k
108k
Jordan
$4.2k
10.4M
Armenia
$4.2k
2.93M
Samoa
$4.2k
196k
Eswatini
$4.1k
1.37M
Mongolia
$4.1k
3.08M
Algeria
$4.1k
41.3M
Sri Lanka
$4.1k
21.4M
El Salvador
$4.1k
6.42M
Indonesia
$3.9k
264M
Marshall Islands
$3.8k
53.1k
Tuvalu
$3.7k
11.2k
Cape Verde
$3.6k
546k
Bolivia
$3.5k
11.1M