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Economy of Albania vs Belize compared: GDP & Debt

Updated on by Georank

Albania has a GDP of $30.5B compared to $3.33B for Belize, ranking 113/197 and 170/197 by economy size, respectively.

Albania has $16.1B in government debt (52.6% of GDP), compared to $2.26B (67.9% of GDP) in Belize.

Albania vs Belize GDP by year

Albania
Belize
1x
Year GDP, current $
Albania Belize
2025 $30,540,188,271 $3,326,500,000
2024 $27,037,474,263 $3,203,631,800
2023 $23,491,242,727 $3,052,362,650
2022 $19,017,247,014 $2,846,604,350
2021 $18,031,989,573 $2,428,606,250
2020 $15,241,458,745 $2,047,284,600
2019 $15,585,111,614 $2,381,187,850
2018 $15,379,508,330 $2,285,915,050
2017 $13,258,268,436 $2,266,028,250
2016 $11,988,668,785 $2,239,604,950
2015 $11,470,171,827 $2,193,095,150
2014 $13,296,322,588 $2,138,242,200
2013 $12,796,985,886 $2,035,191,450
2012 $12,246,499,748 $1,917,083,500
2011 $12,973,755,875 $1,831,576,700
2010 $12,086,545,641 $1,748,988,400
2009 $12,335,540,656 $1,688,012,750
2008 $13,258,506,375 $1,738,453,600
2007 $11,116,937,870 $1,706,190,450
2006 $9,150,528,132 $1,590,463,100
2005 $8,256,658,250 $1,474,298,400
2004 $7,406,645,793 $1,400,202,000
2003 $5,801,712,040 $1,308,280,250
2002 $4,515,003,117 $1,243,912,050
2001 $4,059,064,033 $1,172,045,150
2000 $3,584,570,165 $1,138,138,100
1999 $3,283,941,510 $999,713,050
1998 $2,600,356,999 $929,047,000
1997 $2,293,666,030 $872,916,050
1996 $3,234,486,232 $850,339,100
1995 $2,905,092,799 $818,590,250
1994 $1,880,950,864 $771,838,000
1993 $1,185,315,468 $752,255,150
1992 $652,174,991 $695,741,150
1991 $1,099,559,028 $596,682,100
1990 $2,028,553,750 $546,750,912
1989 $2,253,090,000 $491,100,000
1988 $2,051,236,250 $421,450,000
1987 $2,080,796,250 $371,100,000
1986 $2,097,326,250 $311,500,000
1985 $1,897,050,117 $287,300,000
1984 $1,857,337,995 $290,350,000
1983 $1,881,412,587 $262,150,000
1982 $1,861,163,170 $248,550,000
1981 $1,808,177,156 $260,750,000
1980 $1,578,102,105 $257,400,000
1979 - $151,800,000
1978 - $136,300,000
1977 - $117,650,000
1976 - $97,094,227
1975 - $118,194,026
1974 - $103,160,450
1973 - $78,214,768
1972 - $65,998,069
1971 - $59,074,687
1970 - $53,339,893
1969 - $47,399,905
1968 - $44,999,910
1967 - $47,431,256
1966 - $44,450,044
1965 - $40,110,040
1964 - $36,194,586
1963 - $33,750,114
1962 - $31,857,592
1961 - $29,965,000
1960 - $28,072,478

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

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

GDP per capita in Albania vs Belize by year

Albania
GDP per capita

GDP per capita, PPP
Belize
GDP per capita

GDP per capita, PPP
1x
Year Current $
Albania Belize
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $12,998 - $7,865 -
2024 $11,374 $26,702 $7,681 $14,347
2023 $9,741 $24,822 $7,425 $13,730
2022 $7,757 $22,138 $7,068 $13,461
2021 $7,242 $18,213 $6,143 $11,716
2020 $6,028 $16,288 $5,239 $9,639
2019 $6,069 $16,442 $6,172 $10,500
2018 $5,898 $15,055 $6,012 $9,497
2017 $5,006 $14,111 $6,072 $9,121
2016 $4,458 $13,056 $6,141 $9,399
2015 $4,200 $12,387 $6,155 $9,538
2014 $4,794 $11,788 $6,128 $9,490
2013 $4,543 $10,882 $5,957 $9,526
2012 $4,281 $10,609 $5,733 $9,303
2011 $4,466 $10,273 $5,596 $9,722
2010 $4,149 $9,755 $5,461 $9,748
2009 $4,214 $9,031 $5,400 $9,728
2008 $4,499 $8,469 $5,712 $9,975
2007 $3,743 $7,585 $5,762 $10,226
2006 $3,058 $6,753 $5,525 $9,910
2005 $2,742 $6,014 $5,270 $9,466
2004 $2,447 $5,595 $5,154 $9,245
2003 $1,909 $5,169 $4,960 $8,850
2002 $1,480 $4,840 $4,859 $8,154
2001 $1,326 $4,451 $4,719 $7,852
2000 $1,160 $3,978 $4,727 $7,544
1999 $1,056 $3,549 $4,290 $6,790
1998 $831 $3,086 $4,126 $6,333
1997 $729 $2,760 $4,014 $6,243
1996 $1,021 $3,054 $4,043 $6,087
1995 $911 $2,777 $4,010 $6,091
1994 $586 $2,385 $3,877 $6,073
1993 $367 $2,143 $3,860 $6,075
1992 $200.9 $1,899 $3,643 $5,706
1991 $337 $1,989 $3,190 $5,053
1990 $617 $2,656 $2,986 $4,467
1989 $698 - $2,742 -
1988 $653 - $2,406 -
1987 $675 - $2,166 -
1986 $694 - $1,859 -
1985 $640 - $1,754 -
1984 $639 - $1,814 -
1983 $662 - $1,677 -
1982 $668 - $1,629 -
1981 $663 - $1,753 -
1980 $591 - $1,774 -
1979 - - $1,071 -
1978 - - $983 -
1977 - - $866 -
1976 - - $729 -
1975 - - $906 -
1974 - - $805 -
1973 - - $619 -
1972 - - $529 -
1971 - - $481 -
1970 - - $442 -
1969 - - $402 -
1968 - - $392 -
1967 - - $426 -
1966 - - $412 -
1965 - - $383 -
1964 - - $356 -
1963 - - $342 -
1962 - - $332 -
1961 - - $320 -
1960 - - $307 -

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

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

Albania's GDP per capita is $12,998, ranking 79/197, compared to $7,865 in Belize, ranking 99/197. Adjusted for purchasing power (GDP per capita PPP), Albania ranks 79th at $26,702, while Belize ranks 117th at $14,347.

Economic indicators

Albania Belize
Gross domestic product
$30.5B
2025
$3.33B
2025
GDP rank
113/197
2025
170/197
2025
GDP growth
3.79%
2024-2025
2.75%
2024-2025
GDP per capita
$12,998
2025
$7,865
2025
GDP per capita rank
79/197
2025
99/197
2025
GDP per capita, PPP
$26,702
2024
$14,347
2024
GDP per capita PPP rank
79/197
2024
117/197
2024
Government debt
$16.1B
2025
$2.26B
2025
Debt-to-GDP ratio
52.6%
2025
67.9%
2025
Government debt per person
$6,837
2025
$5,339
2025
Government debt per person rank
72/185
2025
81/185
2025
Average annual personal income after taxes
$9,481
2026
$5,278
2026
Number of billionaires
1
2026
1
2026
Income share by richest 10%
22.8%
2020
30%
2018
Income share by poorest 10%
3.4%
2020
2.2%
2018
Government expenditure, % of GDP
30.1%
2025
25.9%
2025
Consumer prices inflation
2.2%
2024-2025
1.1%
2024-2025
Central bank interest rate
2.5%
2025
n/a
Unemployment rate
8.43%
2024
29.3%
2020
Population
2332078
431659

Spending and national debt comparison by year

Albania
Spending

Debt
Belize
Spending

Debt
1x
Year % of GDP
Albania Belize
Government spending Government debt Government spending Government debt
2025 30.1% 52.6% 25.9% 67.9%
2024 28.9% 54.5% 26.8% 65.4%
2023 28.5% 58% 25.8% 67.5%
2022 30.3% 64.7% 23.4% 66.8%
2021 31.9% 74.8% 25.7% 82.2%
2020 32.4% 75.4% 33.2% 103%
2019 28.7% 66.6% 27.5% 78.6%
2018 28.7% 68.5% 26.9% 79%
2017 29.2% 71.9% 27.7% 78.1%
2016 29.1% 73.3% 27.7% 70.5%
2015 30.8% 73.7% 27.9% 65.1%
2014 31.7% 72% 24.8% 61.5%
2013 29.2% 70.4% 23.8% 62.8%
2012 28.2% 62.1% 22.1% 63.1%
2011 28.9% 59.4% 23.5% 66.2%
2010 29.4% 57.7% 23.3% 68.4%
2009 32.7% 59.7% 23.2% 69.7%
2008 31.7% 55.1% 21.8% 64.7%
2007 29.3% 53.6% 22.1% 66.4%
2006 29.2% 56.7% 21.2% 71.4%
2005 28.9% 58.2% 21.4% 72.7%
2004 30.2% 57.5% 21.7% 70.7%
2003 29.7% 60.2% 24.6% 67.2%
2002 31.5% 64.1% 24.4% 53.2%
2001 32.7% 60.6% 25.9% 49.5%
2000 33.8% 63.8% 23.2% 79%
1999 37.1% 68.2% 23.6% 41.5%
1998 36.8% 71.2% 20.9% 38.7%
1997 30.3% 72.2% 19.9% 39.4%
1996 - - 19.9% 38.4%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1996–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1996–2000, retrieved 2026-07-08).

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

In 2025, Albania's government spending was $9.19B, accounting for 30.1% of its GDP, while Belize spent $861M, or 25.9% of GDP.

Debt-to-GDP ratio is 52.6% in Albania and 67.9% in Belize, ranking 96/185 and 61/185, respectively.

Government deficit by year

Deficit/surplus
Albania

Belize
1x
Year Deficit/surplus, % of GDP
Albania Belize
2025 -1.75% -0.96%
2024 -0.72% -1.52%
2023 -1.32% -2.42%
2022 -3.64% -1.04%
2021 -4.57% -3.29%
2020 -6.67% -8.57%
2019 -1.84% -2.9%
2018 -1.58% -1.37%
2017 -1.41% -3.48%
2016 -1.5% -4.47%
2015 -4.32% -5.14%
2014 -5.46% -1.72%
2013 -5.22% -1.21%
2012 -3.44% -0.22%
2011 -3.52% -1.06%
2010 -3.52% -1.9%
2009 -6.59% -2.46%
2008 -4.88% 1.25%
2007 -3.18% -0.19%
2006 -3.26% -2.27%
2005 -3.46% -3.7%
2004 -5.16% -4.52%
2003 -5.01% -8.41%
2002 -6.21% -5.41%
2001 -6.84% -7.23%
2000 -7.77% -6.68%
1999 -8.84% -6.51%
1998 -9.93% -2.69%
1997 -11.9% -1.81%
1996 - -1.76%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1996–2025, retrieved 2026-07-08).

GeoRank.org/economy/albania/belize | 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 Belize's deficit of $31.9M, or 0.96% of GDP.

Over the past 29 years, Albania recorded a fiscal deficit in 29 of those years, while Belize ran a deficit in 28 years. On average, Albania posted an annual deficit equal to 4.6% of GDP, compared to deficit of 3.17% of GDP for Belize.

Inflation comparison by year

Inflation
Albania

Belize
1x
Year Consumer prices inflation
Albania Belize
2025 2.2% 1.1%
2024 2.2% 3.3%
2023 4.8% 4.4%
2022 6.7% 6.3%
2021 2% 3.2%
2020 1.6% 0.1%
2019 1.4% 0.2%
2018 2% 0.3%
2017 2% 1.1%
2016 1.3% 0.7%
2015 1.9% -0.9%
2014 1.6% 1.2%
2013 1.9% 0.5%
2012 2% 1.2%
2011 3.4% 1.7%
2010 3.6% 0.9%
2009 2.2% -1.1%
2008 3.3% 6.4%
2007 3% 2.3%
2006 2.4% 4.2%
2005 2.4% 3.7%
2004 2.9% 3.1%
2003 2.4% 2.6%
2002 5.2% 2.2%
2001 3.1% 1.1%
2000 0% 0.6%
1999 0.4% -1.2%
1998 20.6% -0.8%
1997 33.2% 1%

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

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

Over the past 29 years, Albania has recorded an average annual inflation rate of 4.2%, compared with 1.7% in Belize. In 2025, inflation was 2.2% in Albania and 1.1% in Belize.

Top exports between countries

Albania
Export category Export value
Raw materials & minerals $71K
Belize
Export category Export value
Miscellaneous $2K

Balance of trade

Albania Belize
Current account balance
-$161M
2025
-$92.3M
2025
Current account balance ranking
86/190
2025
80/190
2025
Current account balance, % of GDP
-0.53%
2025
-2.77%
2025
Goods imports
$8.52B
2025
$1.38B
2025
Goods exports
$1.76B
2025
$443M
2025
Service imports
$4.55B
2025
$352M
2025
Service exports
$9.66B
2025
$1.21B
2025
Imports of goods and services, % of GDP
42.5%
2025
53.7%
2024
Exports of goods and services, % of GDP
37%
2025
55.2%
2024

Economic freedom indices

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

Albania Belize
Economic freedom 68 64.7
Economic freedom ranking 50/197 71/197
Property rights 57.6 46.3
Government integrity 41.9 46.2
Judicial effectiveness 59.9 73.9
Tax burden 89.3 81.8
Government spending 74.3 81
Fiscal health 88 87.5
Business freedom 76.6 67.2
Labor freedom 46.2 57.6
Monetary freedom 78.6 72.6
Trade freedom 83 57.8
Investment freedom 60 55
Financial freedom 60 50

Economic freedom comparison by year

Albania
Belize
1x
Year Economic freedom index
Albania Belize
2026 68 64.7
2025 66.6 64.2
2024 64.8 61.2
2023 65.3 59.8
2022 66.6 56.6
2021 65.2 57.5
2020 66.9 57.4
2019 66.5 55.4
2018 64.5 57.1
2017 64.4 58.6
2016 65.9 57.4
2015 65.7 56.8
2014 66.9 56.7
2013 65.2 57.3
2012 65.1 61.9
2011 64 63.8
2010 66 61.5
2009 63.7 63
2008 62.4 63
2007 61.4 63.3
2006 60.3 64.7
2005 57.8 64.5
2004 58.5 62.8
2003 56.8 63.5
2002 56.8 65.6
2001 56.6 65.9
2000 53.6 63.3
1999 53.4 60.7
1998 53.9 59.1
1997 54.8 64.3
1996 53.8 61.6
1995 49.7 62.9

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

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

The Economic Freedom Index for Albania is 68, ranking 50/197, compared to 64.7 for Belize, ranking 71/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Albania Belize
Services, % of GDP
49.7%
2025
62.4%
2024
Industry, % of GDP
21.8%
2025
14.6%
2024
Agriculture, forestry, and fishing, % of GDP
14.8%
2025
7.95%
2024
GNI, Atlas method
$28.3B
2025
$3.19B
2025
GNI per capita, PPP
$28,170
2025
$14,230
2025
Total reserves including gold
$8.6B
2025
$559M
2025
Total reserves ranking
86/177
2025
156/177
2025
Net foreign direct investment
-$1.51B
2025
$1.15M
2025
Net inflows of foreign direct investment
$1.71B
2024
$128M
2024
Net outflows of foreign direct investment
$261M
2024
$2.61M
2024
Servicing debt to the IMF, % of GNI
3.25%
2024
4.15%
2024
Poverty at national poverty lines
19.7%
2022
52%
2018
Gross capital formation, % of GDP
25%
2024
19.8%
2024

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/belize | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1996–2025, retrieved 2026-07-08)
  3. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08)
  4. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  5. International Monetary Fund (IMF) | Public Finances in Modern History (1996–2000, retrieved 2026-07-08)
  6. TradeMap (2024–2025, retrieved 2026-07-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  8. LivingCost (2026, retrieved 2026-07-08)

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.