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Economy of Albania vs Bhutan compared: GDP & Debt

Updated on by Georank

Albania has a GDP of $30.5B compared to $3.58B for Bhutan, ranking 113/197 and 167/197 by economy size, respectively.

Albania has $16.1B in government debt (52.6% of GDP), compared to $3.71B (103.6% of GDP) in Bhutan.

Albania vs Bhutan GDP by year

Albania
Bhutan
1x
Year GDP, current $
Albania Bhutan
2025 $30,540,188,271 $3,579,320,145
2024 $27,037,474,263 $3,346,603,859
2023 $23,491,242,727 $3,012,896,790
2022 $19,017,247,014 $2,898,227,744
2021 $18,031,989,573 $2,768,802,960
2020 $15,241,458,745 $2,457,604,334
2019 $15,585,111,614 $2,735,683,570
2018 $15,379,508,330 $2,583,335,722
2017 $13,258,268,436 $2,591,358,009
2016 $11,988,668,785 $2,357,504,761
2015 $11,470,171,827 $2,187,815,803
2014 $13,296,322,588 $2,089,079,571
2013 $12,796,985,886 $1,943,696,952
2012 $12,246,499,748 $1,973,387,228
2011 $12,973,755,875 $1,977,728,659
2010 $12,086,545,641 $1,708,880,730
2009 $12,335,540,656 $1,331,343,798
2008 $13,258,506,375 $1,317,517,835
2007 $11,116,937,870 $1,255,767,964
2006 $9,150,528,132 $942,879,879
2005 $8,256,658,250 $860,391,000
2004 $7,406,645,793 $735,348,490
2003 $5,801,712,040 $651,935,430
2002 $4,515,003,117 $559,345,264
2001 $4,059,064,033 $496,110,226
2000 $3,584,570,165 $460,733,418
1999 $3,283,941,510 $399,311,200
1998 $2,600,356,999 $363,458,381
1997 $2,293,666,030 $352,229,077
1996 $3,234,486,232 $303,408,346
1995 $2,905,092,799 $290,490,984
1994 $1,880,950,864 $258,954,708
1993 $1,185,315,468 $225,973,693
1992 $652,174,991 $240,233,531
1991 $1,099,559,028 $240,294,286
1990 $2,028,553,750 $287,765,007
1989 $2,253,090,000 $264,798,626
1988 $2,051,236,250 $272,298,067
1987 $2,080,796,250 $242,742,766
1986 $2,097,326,250 $191,218,115
1985 $1,897,050,117 $163,288,815
1984 $1,857,337,995 $160,423,494
1983 $1,881,412,587 $156,704,290
1982 $1,861,163,170 $141,439,317
1981 $1,808,177,156 $139,174,178
1980 $1,578,102,105 $128,669,201
1979 - $105,377,995
1978 - $94,086,228
1977 - $97,884,434
1976 - $88,461,263
1975 - $86,820,762
1974 - $92,901,784
1973 - $78,900,289
1972 - $70,139,867
1971 - $66,289,450
1970 - $61,812,113

Data sources: World Bank | Economy & Growth (1970–2025, retrieved 2026-07-08).

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

GDP per capita in Albania vs Bhutan by year

Albania
GDP per capita

GDP per capita, PPP
Bhutan
GDP per capita

GDP per capita, PPP
1x
Year Current $
Albania Bhutan
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $12,998 - $4,493 -
2024 $11,374 $26,702 $4,228 -
2023 $9,741 $24,822 $3,831 $16,215
2022 $7,757 $22,138 $3,711 $15,064
2021 $7,242 $18,213 $3,571 $13,459
2020 $6,028 $16,288 $3,192 $12,475
2019 $6,069 $16,442 $3,577 $12,909
2018 $5,898 $15,055 $3,400 $11,970
2017 $5,006 $14,111 $3,435 $11,677
2016 $4,458 $13,056 $3,152 $11,273
2015 $4,200 $12,387 $2,954 $10,214
2014 $4,794 $11,788 $2,849 $9,323
2013 $4,543 $10,882 $2,680 $8,667
2012 $4,281 $10,609 $2,751 $8,577
2011 $4,466 $10,273 $2,788 $7,935
2010 $4,149 $9,755 $2,436 $7,246
2009 $4,214 $9,031 $1,918 $6,466
2008 $4,499 $8,469 $1,920 $6,035
2007 $3,743 $7,585 $1,850 $5,729
2006 $3,058 $6,753 $1,406 $4,860
2005 $2,742 $6,014 $1,300 $4,523
2004 $2,447 $5,595 $1,130 $4,173
2003 $1,909 $5,169 $1,022 $3,942
2002 $1,480 $4,840 $896 $3,663
2001 $1,326 $4,451 $812 $3,338
2000 $1,160 $3,978 $772 $3,113
1999 $1,056 $3,549 $685 $3,017
1998 $831 $3,086 $638 $2,819
1997 $729 $2,760 $630 $2,683
1996 $1,021 $3,054 $553 $2,548
1995 $911 $2,777 $530 $2,374
1994 $586 $2,385 $467 $2,146
1993 $367 $2,143 $407 $2,001
1992 $200.9 $1,899 $416 $1,840
1991 $337 $1,989 $401 $1,657
1990 $617 $2,656 $488 $1,638
1989 $698 - $462 -
1988 $653 - $489 -
1987 $675 - $449 -
1986 $694 - $365 -
1985 $640 - $321 -
1984 $639 - $326 -
1983 $662 - $328 -
1982 $668 - $306 -
1981 $663 - $311 -
1980 $591 - $296.9 -
1979 - - $251.4 -
1978 - - $232.2 -
1977 - - $249.9 -
1976 - - $233.7 -
1975 - - $237.4 -
1974 - - $262.8 -
1973 - - $230.9 -
1972 - - $212.4 -
1971 - - $207.7 -
1970 - - $200.3 -

Data sources: World Bank | Economy & Growth (1970–2025, retrieved 2026-07-08).

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

Albania's GDP per capita is $12,998, ranking 79/197, compared to $4,493 in Bhutan, ranking 128/197. Adjusted for purchasing power (GDP per capita PPP), Albania ranks 79th at $26,702, while Bhutan ranks 109th at $16,215.

Economic indicators

Albania Bhutan
Gross domestic product
$30.5B
2025
$3.58B
2025
GDP rank
113/197
2025
167/197
2025
GDP growth
3.79%
2024-2025
8.01%
2024-2025
GDP per capita
$12,998
2025
$4,493
2025
GDP per capita rank
79/197
2025
128/197
2025
GDP per capita, PPP
$26,702
2024
$16,215
2023
GDP per capita PPP rank
79/197
2024
109/197
2023
Government debt
$16.1B
2025
$3.71B
2025
Debt-to-GDP ratio
52.6%
2025
103.6%
2025
Government debt per person
$6,837
2025
$4,655
2025
Government debt per person rank
72/185
2025
88/185
2025
Average annual personal income after taxes
$9,481
2026
$4,215
2026
Number of billionaires
1
2026
n/a
Income share by richest 10%
22.8%
2020
22.7%
2022
Income share by poorest 10%
3.4%
2020
3.6%
2022
Government expenditure, % of GDP
30.1%
2025
30.5%
2025
Consumer prices inflation
2.2%
2024-2025
2.6%
2024-2025
Central bank interest rate
2.5%
2025
n/a
Unemployment rate
8.43%
2024
3.36%
2025
Population
2332078
805057

Spending and national debt comparison by year

Albania
Spending

Debt
Bhutan
Spending

Debt
1x
Year % of GDP
Albania Bhutan
Government spending Government debt Government spending Government debt
2025 30.1% 52.6% 30.5% 103.6%
2024 28.9% 54.5% 28.3% 108.7%
2023 28.5% 58% 28.9% 117.2%
2022 30.3% 64.7% 32.1% 119.9%
2021 31.9% 74.8% 36.6% 124.5%
2020 32.4% 75.4% 30.9% 116%
2019 28.7% 66.6% 24.2% 100.8%
2018 28.7% 68.5% 31.7% 103.4%
2017 29.2% 71.9% 30.6% 104.1%
2016 29.1% 73.3% 30.5% 103%
2015 30.8% 73.7% 27.5% 90.2%
2014 31.7% 72% 28.9% 89.8%
2013 29.2% 70.4% 32.5% 87.4%
2012 28.2% 62.1% 35.1% 71.5%
2011 28.9% 59.4% 36.1% 62.3%
2010 29.4% 57.7% 41.5% 55.8%
2009 32.7% 59.7% 39.3% 61%
2008 31.7% 55.1% 36.1% 60.6%
2007 29.3% 53.6% 33.2% 67.3%
2006 29.2% 56.7% 33.4% 80.1%
2005 28.9% 58.2% 36.4% 80.8%
2004 30.2% 57.5% 31% 76%
2003 29.7% 60.2% 34.7% 68.5%
2002 31.5% 64.1% 39.3% 57.7%
2001 32.7% 60.6% 50.3% 52.4%
2000 33.8% 63.8% 43% 44%
1999 37.1% 68.2% 40.2% 39.2%
1998 36.8% 71.2% 31.1% 36.4%
1997 30.3% 72.2% 37.8% 33%
1996 - - 37.9% 36.8%
1995 - - 38.6% 38.7%
1994 - - 37.9% 53.2%
1993 - - 35.2% 60.2%
1992 - - 34.5% 35.6%
1991 - - 30.8% 33.5%
1990 - - 35.8% 27.4%
1989 - - 46.8% 26.4%
1988 - - 45.3% 24.7%
1987 - - 47.5% 17.3%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1987–1992, retrieved 2026-07-08).

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

In 2025, Albania's government spending was $9.19B, accounting for 30.1% of its GDP, while Bhutan spent $1.09B, or 30.5% of GDP.

Debt-to-GDP ratio is 52.6% in Albania and 103.6% in Bhutan, ranking 96/185 and 19/185, respectively.

Government deficit by year

Deficit/surplus
Albania

Bhutan
1x
Year Deficit/surplus, % of GDP
Albania Bhutan
2025 -1.75% -2.7%
2024 -0.72% -1.79%
2023 -1.32% -4.73%
2022 -3.64% -6.95%
2021 -4.57% -5.76%
2020 -6.67% -1.81%
2019 -1.84% -1.49%
2018 -1.58% -1.52%
2017 -1.41% -4.49%
2016 -1.5% -2.31%
2015 -4.32% -0.49%
2014 -5.46% 2.46%
2013 -5.22% -4.55%
2012 -3.44% -2.1%
2011 -3.52% -3.02%
2010 -3.52% 1.92%
2009 -6.59% -0.8%
2008 -4.88% -2.57%
2007 -3.18% 0.79%
2006 -3.26% -0.07%
2005 -3.46% -6.96%
2004 -5.16% 1.8%
2003 -5.01% -10.2%
2002 -6.21% -4.33%
2001 -6.84% -12.2%
2000 -7.77% -3.39%
1999 -8.84% -1.28%
1998 -9.93% 1.28%
1997 -11.9% -1.92%
1996 - 2.55%
1995 - -0.88%
1994 - -0.13%
1993 - 4.71%
1992 - -3.47%
1991 - -0.48%
1990 - -7.21%
1989 - -10.1%
1988 - 1.33%
1987 - -0.56%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1987–1989, retrieved 2026-07-08).

GeoRank.org/economy/albania/bhutan | 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 Bhutan's deficit of $96.7M, or 2.7% of GDP.

Over the past 29 years, Albania recorded a fiscal deficit in 29 of those years, while Bhutan ran a deficit in 24 years. On average, Albania posted an annual deficit equal to 4.6% of GDP, compared to deficit of 2.73% of GDP for Bhutan.

Inflation comparison by year

Inflation
Albania

Bhutan
1x
Year Consumer prices inflation
Albania Bhutan
2025 2.2% 2.6%
2024 2.2% 4.3%
2023 4.8% 4.5%
2022 6.7% 5.9%
2021 2% 8.2%
2020 1.6% 3%
2019 1.4% 2.8%
2018 2% 3.6%
2017 2% 4.3%
2016 1.3% 3.3%
2015 1.9% 6.7%
2014 1.6% 9.6%
2013 1.9% 8.1%
2012 2% 10.1%
2011 3.4% 8.6%
2010 3.6% 4.8%
2009 2.2% 7.1%
2008 3.3% 6.3%
2007 3% 5.2%
2006 2.4% 4.9%
2005 2.4% 4.8%
2004 2.9% 3.3%
2003 2.4% 2.5%
2002 5.2% 2.9%
2001 3.1% 3.7%
2000 0% 7.2%
1999 0.4% 9.1%
1998 20.6% 7.6%
1997 33.2% 8.6%

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

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

Over the past 29 years, Albania has recorded an average annual inflation rate of 4.2%, compared with 5.64% in Bhutan. In 2025, inflation was 2.2% in Albania and 2.6% in Bhutan.

Balance of trade

Albania Bhutan
Current account balance
-$161M
2025
-$649M
2024
Current account balance ranking
86/190
2025
105/190
2024
Current account balance, % of GDP
-0.53%
2025
-19.4%
2024
Goods imports
$8.52B
2025
$1.28B
2024
Goods exports
$1.76B
2025
$660M
2024
Service imports
$4.55B
2025
$228M
2024
Service exports
$9.66B
2025
$288M
2024
Imports of goods and services, % of GDP
42.5%
2025
47.9%
2024
Exports of goods and services, % of GDP
37%
2025
31.5%
2024

Economic freedom indices

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

Albania Bhutan
Economic freedom 68 57.5
Economic freedom ranking 50/197 115/197
Property rights 57.6 69.2
Government integrity 41.9 72.2
Judicial effectiveness 59.9 61.8
Tax burden 89.3 83.4
Government spending 74.3 74.1
Fiscal health 88 25.8
Business freedom 76.6 67.8
Labor freedom 46.2 60.1
Monetary freedom 78.6 71.6
Trade freedom 83 63.4
Investment freedom 60 20
Financial freedom 60 20

Economic freedom comparison by year

Albania
Bhutan
1x
Year Economic freedom index
Albania Bhutan
2026 68 57.5
2025 66.6 57.5
2024 64.8 55.4
2023 65.3 59
2022 66.6 59.3
2021 65.2 58.3
2020 66.9 62.1
2019 66.5 62.9
2018 64.5 61.8
2017 64.4 58.4
2016 65.9 59.5
2015 65.7 57.4
2014 66.9 56.7
2013 65.2 55
2012 65.1 56.6
2011 64 57.6
2010 66 57
2009 63.7 57.7
2008 62.4 -
2007 61.4 -
2006 60.3 -
2005 57.8 -
2004 58.5 -
2003 56.8 -
2002 56.8 -
2001 56.6 -
2000 53.6 -
1999 53.4 -
1998 53.9 -
1997 54.8 -
1996 53.8 -
1995 49.7 -

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

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

The Economic Freedom Index for Albania is 68, ranking 50/197, compared to 57.5 for Bhutan, ranking 115/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Albania Bhutan
Services, % of GDP
49.7%
2025
53.2%
2025
Industry, % of GDP
21.8%
2025
33.2%
2025
Agriculture, forestry, and fishing, % of GDP
14.8%
2025
13.7%
2025
GNI, Atlas method
$28.3B
2025
$3.43B
2025
GNI per capita, PPP
$28,170
2025
$18,520
2025
Total reserves including gold
$8.6B
2025
$1.19B
2025
Total reserves ranking
86/177
2025
140/177
2025
Net foreign direct investment
-$1.51B
2025
-$2.82M
2024
Net inflows of foreign direct investment
$1.71B
2024
$2.82M
2024
Net outflows of foreign direct investment
$261M
2024
$0
2024
Servicing debt to the IMF, % of GNI
3.25%
2024
5.11%
2024
Poverty at national poverty lines
19.7%
2022
12.4%
2022
Gross capital formation, % of GDP
25%
2024
42.6%
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/bhutan | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1970–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, 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 (1987–1992, retrieved 2026-07-08)
  6. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  7. 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.