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Economy of Albania vs Costa Rica compared: GDP & Debt

Updated on by Georank team

Albania has a GDP of $27B compared to $95.4B for Costa Rica, ranking 112/197 and 73/197 by economy size, respectively.

Albania has $15.2B in government debt (56% of GDP), compared to $57B (59.8% of GDP) in Costa Rica.

Albania vs Costa Rica GDP by year

Albania
Costa Rica
1x
Year GDP, current $
Albania Costa Rica
2024 $27,046,429,297 $95,350,423,177
2023 $23,491,242,727 $86,497,941,439
2022 $19,017,247,014 $69,243,626,029
2021 $18,031,989,573 $64,960,725,734
2020 $15,241,458,745 $62,395,610,760
2019 $15,585,111,614 $64,417,670,521
2018 $15,379,508,330 $62,420,164,992
2017 $13,258,268,436 $60,516,044,657
2016 $11,988,668,785 $58,847,019,610
2015 $11,470,171,827 $56,441,920,821
2014 $13,296,322,588 $52,016,408,854
2013 $12,796,985,886 $50,949,668,842
2012 $12,246,499,748 $47,231,655,432
2011 $12,973,755,875 $42,762,613,699
2010 $12,086,545,641 $37,658,616,952
2009 $12,335,540,656 $30,745,714,313
2008 $13,258,506,375 $30,801,745,700
2007 $11,116,937,870 $26,884,700,709
2006 $9,150,528,132 $22,715,540,324
2005 $8,256,658,250 $20,040,642,477
2004 $7,406,645,793 $18,610,594,846
2003 $5,801,712,040 $17,271,760,507
2002 $4,515,003,117 $16,578,820,687
2001 $4,059,064,033 $15,976,174,337
2000 $3,584,570,165 $15,013,629,662
1999 $3,283,941,510 $14,254,866,285
1998 $2,600,356,999 $13,684,255,947
1997 $2,293,666,030 $12,614,602,382
1996 $3,234,486,232 $11,678,424,507
1995 $2,905,092,799 $11,578,594,260
1994 $1,880,950,864 $10,489,903,725
1993 $1,185,315,468 $9,564,815,975
1992 $652,174,991 $8,579,754,758
1991 $1,099,559,028 $7,215,725,487
1990 $2,028,553,750 $5,711,687,787
1989 $2,253,090,000 $5,251,025,767
1988 $2,051,236,250 $4,614,629,898
1987 $2,080,796,250 $4,532,952,047
1986 $2,097,326,250 $4,418,983,871
1985 $1,897,050,117 $3,919,203,960
1984 $1,857,337,995 $3,660,477,856
1983 $1,881,412,587 $3,146,772,631
1982 $1,861,163,170 $2,606,623,555
1981 $1,808,177,156 $2,623,803,096
1980 $1,578,102,105 $4,831,447,001
1979 - $4,035,519,323
1978 - $3,523,208,810
1977 - $3,072,427,013
1976 - $2,412,555,426
1975 - $1,960,863,466
1974 - $1,666,544,754
1973 - $1,528,925,846
1972 - $1,238,251,696
1971 - $1,077,147,538
1970 - $984,830,158
1969 - $853,630,204
1968 - $773,841,494
1967 - $699,456,619
1966 - $647,305,630
1965 - $592,981,162
1964 - $542,578,367
1963 - $511,902,137
1962 - $479,180,824
1961 - $490,325,182
1960 - $507,513,830

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/albania/costa-rica | CC BY

GDP per capita in Albania vs Costa Rica by year

Albania
GDP per capita

GDP per capita, PPP
Costa Rica
GDP per capita

GDP per capita, PPP
1x
Year Current $
Albania Costa Rica
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $11,378 $26,702 $18,587 $31,107
2023 $9,731 $24,822 $16,942 $28,909
2022 $7,757 $22,138 $13,626 $26,226
2021 $7,242 $18,213 $12,838 $23,853
2020 $6,028 $16,288 $12,394 $22,100
2019 $6,069 $16,442 $12,885 $23,340
2018 $5,898 $15,055 $12,590 $21,498
2017 $5,006 $14,111 $12,317 $20,499
2016 $4,458 $13,056 $12,091 $19,202
2015 $4,200 $12,387 $11,715 $17,525
2014 $4,794 $11,788 $10,911 $16,394
2013 $4,543 $10,882 $10,803 $15,232
2012 $4,281 $10,609 $10,127 $14,464
2011 $4,466 $10,273 $9,276 $13,614
2010 $4,149 $9,755 $8,266 $12,928
2009 $4,214 $9,031 $6,833 $12,274
2008 $4,499 $8,469 $6,937 $12,472
2007 $3,743 $7,585 $6,138 $11,842
2006 $3,058 $6,753 $5,257 $10,800
2005 $2,742 $6,014 $4,703 $9,899
2004 $2,447 $5,595 $4,431 $9,365
2003 $1,909 $5,169 $4,173 $8,863
2002 $1,480 $4,840 $4,068 $8,461
2001 $1,326 $4,451 $3,985 $8,190
2000 $1,160 $3,978 $3,813 $7,879
1999 $1,056 $3,549 $3,691 $7,563
1998 $831 $3,086 $3,617 $7,306
1997 $729 $2,760 $3,408 $6,890
1996 $1,021 $3,054 $3,227 $6,568
1995 $911 $2,777 $3,275 $6,515
1994 $586 $2,385 $3,040 $6,276
1993 $367 $2,143 $2,840 $6,025
1992 $200.9 $1,899 $2,612 $5,635
1991 $337 $1,989 $2,253 $5,175
1990 $617 $2,656 $1,830 $5,021
1989 $698 - $1,725 -
1988 $653 - $1,555 -
1987 $675 - $1,567 -
1986 $694 - $1,569 -
1985 $640 - $1,429 -
1984 $639 - $1,372 -
1983 $662 - $1,213 -
1982 $668 - $1,032 -
1981 $663 - $1,068 -
1980 $591 - $2,021 -
1979 - - $1,735 -
1978 - - $1,556 -
1977 - - $1,393 -
1976 - - $1,123 -
1975 - - $937 -
1974 - - $817 -
1973 - - $769 -
1972 - - $639 -
1971 - - $570 -
1970 - - $536 -
1969 - - $477 -
1968 - - $445 -
1967 - - $414 -
1966 - - $395 -
1965 - - $374 -
1964 - - $354 -
1963 - - $346 -
1962 - - $335 -
1961 - - $356 -
1960 - - $382 -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/albania/costa-rica | CC BY

Albania's GDP per capita is $11,378, ranking 82/197, compared to $18,587 in Costa Rica, ranking 62/197. Adjusted for purchasing power (GDP per capita PPP), Albania ranks 79th at $26,702, while Costa Rica ranks 72nd at $31,107.

Economic indicators

Albania Costa Rica
Gross domestic product
$27B
2024
$95.4B
2024
GDP rank
112/197
2024
73/197
2024
GDP growth
4.05%
2023-2024
4.32%
2023-2024
GDP per capita
$11,378
2024
$18,587
2024
GDP per capita rank
82/197
2024
62/197
2024
GDP per capita, PPP
$26,702
2024
$31,107
2024
GDP per capita PPP rank
79/197
2024
72/197
2024
Government debt
$15.2B
2024
$57B
2024
Debt-to-GDP ratio
56%
2024
59.8%
2024
Government debt per person
$6,375
2024
$11,106
2024
Government debt per person rank
72/185
2024
50/185
2024
Average annual personal income after taxes
$9,075
2026
$12,150
2026
Market capitalization of domestic companies n/a
$2.23B
2022
Number of billionaires
1
2025
n/a
Income share by richest 10%
22.8%
2020
34.2%
2024
Income share by poorest 10%
3.4%
2020
1.7%
2024
Government expenditure, % of GDP
28.9%
2024
18.9%
2024
Consumer prices inflation
2.2%
2023-2024
-0.41%
2023-2024
Central bank interest rate
2.5%
2025
3.5%
2025
Unemployment rate
10.7%
2023
6.94%
2024
Population
2342753
5181862

Spending and national debt comparison by year

Albania
Spending

Debt
Costa Rica
Spending

Debt
1x
Year % of GDP
Albania Costa Rica
Government spending Government debt Government spending Government debt
2024 28.9% 56% 18.9% 59.8%
2023 28.5% 58% 18.5% 61.1%
2022 30.3% 65.2% 19.2% 63%
2021 31.9% 74.8% 20.8% 67.6%
2020 32.4% 75.4% 22.3% 66.9%
2019 28.8% 66.6% 21.7% 56.4%
2018 28.7% 68.5% 18.9% 51.8%
2017 29.2% 71.9% 19.2% 47.1%
2016 29.1% 73.3% 18.8% 44.1%
2015 30.8% 73.7% 18.8% 39.8%
2014 31.7% 72% 18.4% 37.4%
2013 29.2% 70.4% 18.5% 35.1%
2012 28.2% 62.1% 17.3% 33.7%
2011 28.9% 59.4% 17.2% 29.5%
2010 29.4% 57.7% 18% 28.1%
2009 32.7% 59.7% 16.7% 26%
2008 31.7% 55.1% 15.2% 24%
2007 29.3% 53.6% 14.6% 27%
2006 29.2% 56.7% 15.2% 33%
2005 28.9% 58.2% 15.9% 37.3%
2004 30.2% 57.5% 17% 41%
2003 29.7% 60.2% 17.6% 40.6%
2002 31.5% 64.1% 18.6% 41.4%
2001 32.7% 60.6% 17.3% 39.6%
2000 33.8% 63.8% 16.9% 38.9%
1999 37.1% 68.2% 16.7% 39%
1998 36.8% 71.2% 16% 40.7%
1997 30.3% 72.2% 16.3% 30.6%
1996 - - 17.3% 33.7%
1995 - - 16.4% 29.1%
1994 - - 17.4% 27%
1993 - - 13.8% 24.4%
1992 - - 13.7% 23.3%
1991 - - 14% 28.4%
1990 - - 18.9% 18.5%
1989 - - 26.1% 19.3%
1988 - - 24.5% 18.2%
1987 - - 27.2% 21.2%
1986 - - 26.4% 26.1%
1985 - - 21.8% 22.8%
1984 - - 22.8% 25.2%
1983 - - 23.6% 29.8%
1982 - - 18.4% 31.8%
1981 - - 21% 32.3%
1980 - - 25% 37.7%
1979 - - 24.9% 39.5%
1978 - - 23.2% 41.7%
1977 - - 19.3% 27.8%
1976 - - 20.1% 29.5%
1975 - - 19.1% 26.1%
1974 - - 18.3% 30.3%
1973 - - 18.4% 32.8%
1972 - - 17.2% 31.8%
1971 - - 17.5% 30.4%
1970 - - 14.9% 28.6%
1969 - - 14.5% 26.1%
1968 - - 13.8% 27.7%
1967 - - 14.7% 26.7%
1966 - - 14.3% 24.8%
1965 - - 13.8% 24.1%
1964 - - 13.5% 22.7%
1963 - - 13.3% 21.8%
1962 - - 14% 19.7%
1961 - - 13.2% 20.3%
1960 - - 12.5% 16.1%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1995, retrieved 2026-02-20).

GeoRank.org/economy/albania/costa-rica | CC BY

In 2024, Albania's government spending was $7.83B, accounting for 28.9% of its GDP, while Costa Rica spent $18B, or 18.9% of GDP.

Debt-to-GDP ratio is 56% in Albania and 59.8% in Costa Rica, ranking 94/185 and 79/185, respectively.

Government deficit by year

Deficit/surplus
Albania

Costa Rica
1x
Year Deficit/surplus, % of GDP
Albania Costa Rica
2024 -0.72% -3.78%
2023 -1.32% -3.25%
2022 -3.64% -2.81%
2021 -4.57% -5.09%
2020 -6.67% -8.38%
2019 -1.92% -6.68%
2018 -1.6% -5.66%
2017 -1.41% -5.88%
2016 -1.5% -5.09%
2015 -4.32% -5.52%
2014 -5.46% -5.45%
2013 -5.22% -5.25%
2012 -3.44% -4.22%
2011 -3.52% -3.91%
2010 -3.52% -4.96%
2009 -6.59% -3.25%
2008 -4.88% 0.18%
2007 -3.18% 0.56%
2006 -3.26% -1.04%
2005 -3.46% -2.09%
2004 -5.16% -3.42%
2003 -5.01% -3.43%
2002 -6.21% -4.99%
2001 -6.84% -3.47%
2000 -7.77% -3.68%
1999 -8.84% -2.88%
1998 -9.93% -2.96%
1997 -11.9% -3.39%
1996 - -4.32%
1995 - -3.68%
1994 - -5.46%
1993 - -1.52%
1992 - -1.51%
1991 - -2.41%
1990 - -4.4%
1989 - -1.55%
1988 - 0.57%
1987 - -2.57%
1986 - -4.26%
1985 - -1.06%
1984 - -0.5%
1983 - -1.84%
1982 - -0.94%
1981 - -3.14%
1980 - -7.24%
1979 - -6.6%
1978 - -4.12%
1977 - -2.63%
1976 - -2.42%
1975 - -1.13%
1974 - 0.26%
1973 - -2.41%
1972 - -4.54%
1971 - -4.72%
1970 - -1.41%
1969 - -1.61%
1968 - -1.72%
1967 - -3.03%
1966 - -2.12%
1965 - -1.71%
1964 - -1.51%
1963 - -2.01%
1962 - -1.99%
1961 - -0.71%
1960 - -0.19%
1959 - 0.49%
1958 - 0%
1957 - 0.3%
1956 - 0.05%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1956–1989, retrieved 2026-02-20).

GeoRank.org/economy/albania/costa-rica | 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 Costa Rica's deficit of $3.61B, or 3.78% of GDP.

Over the past 28 years, Albania recorded a fiscal deficit in 28 of those years, while Costa Rica ran a deficit in 26 years. On average, Albania posted an annual deficit equal to 4.71% of GDP, compared to deficit of 3.92% of GDP for Costa Rica.

Inflation comparison by year

Inflation
Albania

Costa Rica
1x
Year Consumer prices inflation
Albania Costa Rica
2024 2.2% -0.41%
2023 4.8% 0.53%
2022 6.7% 8.27%
2021 2% 1.73%
2020 1.6% 0.72%
2019 1.4% 2.1%
2018 2% 2.22%
2017 2% 1.63%
2016 1.3% -0.02%
2015 1.9% 0.8%
2014 1.6% 4.52%
2013 1.9% 5.23%
2012 2% 4.5%
2011 3.4% 4.88%
2010 3.6% 5.66%
2009 2.2% 7.84%
2008 3.3% 13.4%
2007 3% 9.36%
2006 2.4% 11.5%
2005 2.4% 13.8%
2004 2.9% 12.3%
2003 2.4% 9.45%
2002 5.2% 9.17%
2001 3.1% 11.3%
2000 0% 11%
1999 0.4% 10%
1998 20.6% 11.7%
1997 33.2% 13.2%

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/costa-rica | CC BY

Over the past 28 years, Albania has recorded an average annual inflation rate of 4.27%, compared with 6.66% in Costa Rica. In 2024, inflation was 2.2% in Albania and -0.41% in Costa Rica.

Top exports between countries

Albania
Export category Export value
Machinery & equipment $192K
Metals $141K
Chemicals & pharma $7K
Raw materials & minerals $5K
Textiles & consumer goods $4K
Raw agricultural goods $3K
Costa Rica
Export category Export value
Raw agricultural goods $531K
Machinery & equipment $132K
Raw materials & minerals $5K
Textiles & consumer goods $4K

Balance of trade

Albania Costa Rica
Current account balance
-$648M
2024
-$1.25B
2024
Current account balance ranking
112/190
2024
129/190
2024
Current account balance, % of GDP
-2.4%
2024
-1.31%
2024
Goods imports
$7.87B
2024
$23.1B
2024
Goods exports
$1.82B
2024
$20.6B
2024
Service imports
$3.83B
2024
$7.58B
2024
Service exports
$8.03B
2024
$16.3B
2024
Imports of goods and services, % of GDP
43.2%
2024
32.8%
2024
Exports of goods and services, % of GDP
36.3%
2024
38.5%
2024

Economic freedom indices

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

Albania Costa Rica
Economic freedom 68 69.1
Economic freedom ranking 50/197 43/197
Property rights 57.6 66
Government integrity 41.9 64.1
Judicial effectiveness 59.9 76.9
Tax burden 89.3 78.6
Government spending 74.3 89.3
Fiscal health 88 75.6
Business freedom 76.6 79.9
Labor freedom 46.2 55.9
Monetary freedom 78.6 78.2
Trade freedom 83 75
Investment freedom 60 50
Financial freedom 60 40

Economic freedom comparison by year

Albania
Costa Rica
1x
Year Economic freedom index
Albania Costa Rica
2026 68 69.1
2025 66.6 68.6
2024 64.8 67.7
2023 65.3 66.5
2022 66.6 65.4
2021 65.2 64.2
2020 66.9 65.8
2019 66.5 65.3
2018 64.5 65.6
2017 64.4 65
2016 65.9 67.4
2015 65.7 67.2
2014 66.9 66.9
2013 65.2 67
2012 65.1 68
2011 64 67.3
2010 66 65.9
2009 63.7 66.4
2008 62.4 64.2
2007 61.4 64
2006 60.3 65.9
2005 57.8 66.1
2004 58.5 66.4
2003 56.8 67
2002 56.8 67.5
2001 56.6 67.6
2000 53.6 68.4
1999 53.4 67.4
1998 53.9 65.6
1997 54.8 65.6
1996 53.8 66.4
1995 49.7 68

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09).

GeoRank.org/economy/albania/costa-rica | CC BY

The Economic Freedom Index for Albania is 68, ranking 50/197, compared to 69.1 for Costa Rica, ranking 43/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Albania Costa Rica
Services, % of GDP
48.7%
2024
68.8%
2024
Industry, % of GDP
22.4%
2024
19.7%
2024
Agriculture, forestry, and fishing, % of GDP
15.5%
2024
3.56%
2024
GNI, Atlas method
$23.6B
2024
$80.2B
2024
GNI per capita, PPP
$26,500
2024
$28,840
2024
Total reserves including gold
$6.52B
2024
$14.2B
2024
Total reserves ranking
89/177
2024
70/177
2024
Net foreign direct investment
-$1.45B
2024
-$4.96B
2024
Net inflows of foreign direct investment
$1.71B
2024
$5.3B
2024
Net outflows of foreign direct investment
$261M
2024
$337M
2024
Servicing debt to the IMF, % of GNI
3.25%
2024
6.31%
2023
Poverty at national poverty lines
19.7%
2022
20.3%
2024
Gross capital formation, % of GDP
25%
2024
15.7%
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/costa-rica | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20)
  3. International Monetary Fund (IMF) | Public Finances in Modern History (1956–1995, retrieved 2026-02-20)
  4. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
  5. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  6. TradeMap (2023–2024, retrieved 2026-02-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. 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.