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Economy of Albania vs Brunei compared: GDP & Debt

Updated on by Georank team

Albania has a GDP of $27B compared to $15.3B for Brunei, ranking 112/197 and 142/197 by economy size, respectively.

Albania has $15.2B in government debt (56% of GDP), compared to $351M (2.29% of GDP) in Brunei.

Albania vs Brunei GDP by year

Albania
Brunei
1x
Year GDP, current $
Albania Brunei
2024 $27,046,429,297 $15,340,808,592
2023 $23,491,242,727 $15,095,084,656
2022 $19,017,247,014 $16,681,536,467
2021 $18,031,989,573 $14,006,496,617
2020 $15,241,458,745 $12,005,799,654
2019 $15,585,111,614 $13,469,235,365
2018 $15,379,508,330 $13,566,908,391
2017 $13,258,268,436 $12,128,168,045
2016 $11,988,668,785 $11,400,266,045
2015 $11,470,171,827 $12,930,296,870
2014 $13,296,322,588 $17,097,797,386
2013 $12,796,985,886 $18,094,148,099
2012 $12,246,499,748 $19,048,443,341
2011 $12,973,755,875 $18,524,791,063
2010 $12,086,545,641 $13,707,121,038
2009 $12,335,540,656 $11,912,904,510
2008 $13,258,506,375 $15,926,456,515
2007 $11,116,937,870 $13,432,029,484
2006 $9,150,528,132 $12,644,616,419
2005 $8,256,658,250 $10,547,202,621
2004 $7,406,645,793 $8,619,178,774
2003 $5,801,712,040 $7,167,725,262
2002 $4,515,003,117 $6,333,082,876
2001 $4,059,064,033 $6,096,155,767
2000 $3,584,570,165 $6,570,999,088
1999 $3,283,941,510 $6,309,070,378
1998 $2,600,356,999 $5,550,846,020
1997 $2,293,666,030 $7,793,034,376
1996 $3,234,486,232 $7,663,377,306
1995 $2,905,092,799 $7,700,144,069
1994 $1,880,950,864 $6,467,782,518
1993 $1,185,315,468 $6,203,339,912
1992 $652,174,991 $6,327,966,435
1991 $1,099,559,028 $6,284,497,294
1990 $2,028,553,750 $6,039,881,087
1989 $2,253,090,000 $4,983,622,881
1988 $2,051,236,250 $4,535,130,305
1987 $2,080,796,250 $4,918,010,080
1986 $2,097,326,250 $4,190,280,003
1985 $1,897,050,117 $6,967,623,884
1984 $1,857,337,995 $7,632,788,075
1983 $1,881,412,587 $7,927,590,750
1982 $1,861,163,170 $8,932,198,186
1981 $1,808,177,156 $9,367,218,664
1980 $1,578,102,105 $10,795,432,294
1979 - $6,044,367,628
1978 - $4,100,423,674
1977 - $3,681,242,528
1976 - $3,054,765,590
1975 - $2,496,420,258
1974 - $2,319,576,214
1973 - $433,095,527
1972 - $270,822,782
1971 - $197,525,768
1970 - $179,078,929
1969 - $161,210,236
1968 - $160,818,236
1967 - $139,029,537
1966 - $132,757,528
1965 - $114,039,501

Data sources: World Bank | Economy & Growth (1965–2024, retrieved 2026-04-06).

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

GDP per capita in Albania vs Brunei by year

Albania
GDP per capita

GDP per capita, PPP
Brunei
GDP per capita

GDP per capita, PPP
1x
Year Current $
Albania Brunei
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $11,378 $26,702 $33,153 $89,879
2023 $9,731 $24,822 $32,891 $85,033
2022 $7,757 $22,138 $36,633 $81,802
2021 $7,242 $18,213 $31,007 $78,249
2020 $6,028 $16,288 $26,834 $69,788
2019 $6,069 $16,442 $30,427 $69,354
2018 $5,898 $15,055 $30,988 $65,149
2017 $5,006 $14,111 $28,024 $61,658
2016 $4,458 $13,056 $26,663 $56,680
2015 $4,200 $12,387 $30,625 $62,708
2014 $4,794 $11,788 $41,027 $81,226
2013 $4,543 $10,882 $44,003 $83,237
2012 $4,281 $10,609 $46,969 $87,256
2011 $4,466 $10,273 $46,383 $82,735
2010 $4,149 $9,755 $34,938 $79,543
2009 $4,214 $9,031 $30,946 $77,957
2008 $4,499 $8,469 $42,157 $80,477
2007 $3,743 $7,585 $36,217 $83,693
2006 $3,058 $6,753 $34,675 $86,114
2005 $2,742 $6,014 $29,386 $81,534
2004 $2,447 $5,595 $24,423 $80,404
2003 $1,909 $5,169 $20,678 $79,632
2002 $1,480 $4,840 $18,621 $76,838
2001 $1,326 $4,451 $18,288 $74,254
2000 $1,160 $3,978 $20,130 $73,087
1999 $1,056 $3,549 $19,752 $70,585
1998 $831 $3,086 $17,769 $68,257
1997 $729 $2,760 $25,522 $73,980
1996 $1,021 $3,054 $25,692 $70,008
1995 $911 $2,777 $26,443 $70,440
1994 $586 $2,385 $22,767 $69,779
1993 $367 $2,143 $22,397 $69,387
1992 $200.9 $1,899 $23,451 $70,016
1991 $337 $1,989 $23,932 $72,610
1990 $617 $2,656 $23,659 $70,201
1989 $698 - $20,090 -
1988 $653 - $18,825 -
1987 $675 - $21,030 -
1986 $694 - $18,501 -
1985 $640 - $31,827 -
1984 $639 - $36,061 -
1983 $662 - $38,720 -
1982 $668 - $45,075 -
1981 $663 - $48,793 -
1980 $591 - $58,005 -
1979 - - $33,501 -
1978 - - $23,447 -
1977 - - $21,747 -
1976 - - $18,671 -
1975 - - $15,793 -
1974 - - $15,195 -
1973 - - $2,939 -
1972 - - $1,905 -
1971 - - $1,432 -
1970 - - $1,325 -
1969 - - $1,226 -
1968 - - $1,274 -
1967 - - $1,149 -
1966 - - $1,146 -
1965 - - $1,029 -

Data sources: World Bank | Economy & Growth (1965–2024, retrieved 2026-04-06).

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

Albania's GDP per capita is $11,378, ranking 82/197, compared to $33,153 in Brunei, ranking 36/197. Adjusted for purchasing power (GDP per capita PPP), Albania ranks 79th at $26,702, while Brunei ranks 9th at $89,879.

Economic indicators

Albania Brunei
Gross domestic product
$27B
2024
$15.3B
2024
GDP rank
112/197
2024
142/197
2024
GDP growth
4.05%
2023-2024
4.05%
2023-2024
GDP per capita
$11,378
2024
$33,153
2024
GDP per capita rank
82/197
2024
36/197
2024
GDP per capita, PPP
$26,702
2024
$89,879
2024
GDP per capita PPP rank
79/197
2024
9/197
2024
Government debt
$15.2B
2024
$351M
2024
Debt-to-GDP ratio
56%
2024
2.29%
2024
Government debt per person
$6,375
2024
$759
2024
Government debt per person rank
72/185
2024
153/185
2024
Average annual personal income after taxes
$9,075
2026
$24,405
2026
Number of billionaires
1
2025
n/a
Income share by richest 10%
22.8%
2020
n/a
Income share by poorest 10%
3.4%
2020
n/a
Government expenditure, % of GDP
28.9%
2024
29.8%
2024
Consumer prices inflation
2.2%
2023-2024
-0.39%
2023-2024
Central bank interest rate
2.5%
2025
n/a
Unemployment rate
10.7%
2023
4.87%
2024
Population
2342753
470884

Spending and national debt comparison by year

Albania
Spending

Debt
Brunei
Spending

Debt
1x
Year % of GDP
Albania Brunei
Government spending Government debt Government spending Government debt
2024 28.9% 56% 29.8% 2.29%
2023 28.5% 58% 29.4% 2.33%
2022 30.3% 65.2% 26.4% 2.06%
2021 31.9% 74.8% 29.3% 2.51%
2020 32.4% 75.4% 33.2% 2.86%
2019 28.8% 66.6% 32.4% 2.58%
2018 28.7% 68.5% 32.2% 2.59%
2017 29.2% 71.9% 36.6% 2.83%
2016 29.1% 73.3% 39.4% 3%
2015 30.8% 73.7% 38.7% 2.95%
2014 31.7% 72% 34.1% 3.23%
2013 29.2% 70.4% 33.6% 2.21%
2012 28.2% 62.1% 31% 2.1%
2011 28.9% 59.4% 29.7% 2.13%
2010 29.4% 57.7% 36.2% 1.11%
2009 32.7% 59.7% 34.8% 1.11%
2008 31.7% 55.1% 27.2% 0.94%
2007 29.3% 53.6% 29.3% 0.68%
2006 29.2% 56.7% 28% 0.59%
2005 28.9% 58.2% 29.1% 0%
2004 30.2% 57.5% 33.2% 0%
2003 29.7% 60.2% 30.9% 0%
2002 31.5% 64.1% 41.4% 0%
2001 32.7% 60.6% 35.5% 0%
2000 33.8% 63.8% 37.5% 0%
1999 37.1% 68.2% 44.1% 0%
1998 36.8% 71.2% 45.4% 0%
1997 30.3% 72.2% 39% 0%
1996 - - 36.9% 0%
1995 - - 44% 0%
1994 - - 47.1% 0%
1993 - - 38% 0%
1992 - - 34.1% 0%
1991 - - 30.6% 0%
1990 - - 32% 0%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20).

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

In 2024, Albania's government spending was $7.83B, accounting for 28.9% of its GDP, while Brunei spent $4.57B, or 29.8% of GDP.

Debt-to-GDP ratio is 56% in Albania and 2.29% in Brunei, ranking 94/185 and 185/185, respectively.

Government deficit by year

Deficit/surplus
Albania

Brunei
1x
Year Deficit/surplus, % of GDP
Albania Brunei
2024 -0.72% -10.2%
2023 -1.32% -10.9%
2022 -3.64% 2.53%
2021 -4.57% -8.16%
2020 -6.67% -15.8%
2019 -1.92% -3.69%
2018 -1.6% -3.59%
2017 -1.41% -10.4%
2016 -1.5% -21.7%
2015 -4.32% -14.5%
2014 -5.46% 3.58%
2013 -5.22% 13%
2012 -3.44% 15.8%
2011 -3.52% 25.6%
2010 -3.52% 7.61%
2009 -6.59% 3.61%
2008 -4.88% 36.1%
2007 -3.18% 3.12%
2006 -3.26% 19.8%
2005 -3.46% 16%
2004 -5.16% 8.57%
2003 -5.01% 8.06%
2002 -6.21% -4.61%
2001 -6.84% 2.59%
2000 -7.77% 6.86%
1999 -8.84% -18.3%
1998 -9.93% -24%
1997 -11.9% -11.8%
1996 - -8.7%
1995 - -19.8%
1994 - -22.6%
1993 - -12.8%
1992 - -8.28%
1991 - -1.06%
1990 - -1.63%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20).

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

In 2024, Albania's government deficit, the difference between spending and revenue, was $196M, equivalent to 0.72% of GDP. This compares to Brunei's deficit of $1.56B, or 10.2% of GDP.

Over the past 28 years, Albania recorded a fiscal deficit in 28 of those years, while Brunei ran a deficit in 13 years. On average, Albania posted an annual deficit equal to 4.71% of GDP, compared to surplus of 0.55% of GDP for Brunei.

Inflation comparison by year

Inflation
Albania

Brunei
1x
Year Consumer prices inflation
Albania Brunei
2024 2.2% -0.39%
2023 4.8% 0.36%
2022 6.7% 3.68%
2021 2% 1.73%
2020 1.6% 1.94%
2019 1.4% -0.39%
2018 2% 1.03%
2017 2% -1.26%
2016 1.3% -0.28%
2015 1.9% -0.49%
2014 1.6% -0.21%
2013 1.9% 0.39%
2012 2% 0.11%
2011 3.4% 0.14%
2010 3.6% 0.36%
2009 2.2% 1.04%
2008 3.3% 2.08%
2007 3% 0.97%
2006 2.4% 0.16%
2005 2.4% 1.24%
2004 2.9% 0.81%
2003 2.4% 0.3%
2002 5.2% -2.31%
2001 3.1% 0.6%
2000 0% 1.56%
1999 0.4% -0.42%
1998 20.6% -0.44%
1997 33.2% 1.71%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2024, retrieved 2026-02-20); World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

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

Over the past 28 years, Albania has recorded an average annual inflation rate of 4.27%, compared with 0.5% in Brunei. In 2024, inflation was 2.2% in Albania and -0.39% in Brunei.

Top exports between countries

Albania
Export category Export value
Metals $6K
Machinery & equipment $4K
Brunei
Export category Export value
Miscellaneous $2K

Balance of trade

Albania Brunei
Current account balance
-$648M
2024
$2.23B
2024
Current account balance ranking
112/190
2024
45/190
2024
Current account balance, % of GDP
-2.4%
2024
+14.5%
2024
Goods imports
$7.87B
2024
$7.36B
2024
Goods exports
$1.82B
2024
$11.1B
2024
Service imports
$3.83B
2024
$1.75B
2024
Service exports
$8.03B
2024
$410M
2024
Imports of goods and services, % of GDP
43.2%
2024
58.3%
2024
Exports of goods and services, % of GDP
36.3%
2024
74.3%
2024

Economic freedom indices

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

Albania Brunei
Economic freedom 68 67.5
Economic freedom ranking 50/197 55/197
Property rights 57.6 66.1
Government integrity 41.9 60.4
Judicial effectiveness 59.9 48.6
Tax burden 89.3 95
Government spending 74.3 75.6
Fiscal health 88 39
Business freedom 76.6 75.3
Labor freedom 46.2 75.1
Monetary freedom 78.6 74.8
Trade freedom 83 84.6
Investment freedom 60 65
Financial freedom 60 50

Economic freedom comparison by year

Albania
Brunei
1x
Year Economic freedom index
Albania Brunei
2026 68 67.5
2025 66.6 67
2024 64.8 65.9
2023 65.3 65.7
2022 66.6 64.8
2021 65.2 66.6
2020 66.9 66.6
2019 66.5 65.1
2018 64.5 64.2
2017 64.4 69.8
2016 65.9 67.3
2015 65.7 68.9
2014 66.9 69
2013 65.2 -
2012 65.1 -
2011 64 -
2010 66 -
2009 63.7 -
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 2026-03-09).

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

The Economic Freedom Index for Albania is 68, ranking 50/197, compared to 67.5 for Brunei, ranking 55/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Albania Brunei
Services, % of GDP
48.7%
2024
39%
2024
Industry, % of GDP
22.4%
2024
61.7%
2024
Agriculture, forestry, and fishing, % of GDP
15.5%
2024
1.17%
2024
GNI, Atlas method
$23.6B
2024
$16.7B
2024
GNI per capita, PPP
$26,500
2024
$92,750
2024
Total reserves including gold
$6.52B
2024
$4.41B
2024
Total reserves ranking
89/177
2024
105/177
2024
Net foreign direct investment
-$1.45B
2024
-$29.1M
2024
Net inflows of foreign direct investment
$1.71B
2024
$29.1M
2024
Net outflows of foreign direct investment
$261M
2024
$0
2024
Servicing debt to the IMF, % of GNI
3.25%
2024
n/a
Poverty at national poverty lines
19.7%
2022
n/a
Gross capital formation, % of GDP
25%
2024
27.9%
2024

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2024, retrieved 2026-04-06); U.S. Census Bureau (1985–2024, retrieved 2026-02-08).

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

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Data sources:

  1. World Bank | Economy & Growth (1965–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20)
  3. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
  4. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  5. TradeMap (2020–2024, retrieved 2026-02-08)
  6. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  7. LivingCost (2026, retrieved 2025-10-14)

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.