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Economy of Albania vs Dominican Republic compared: GDP & Debt

Updated on by Georank

Albania has a GDP of $30.5B compared to $127B for the Dominican Republic, ranking 113/197 and 65/197 by economy size, respectively.

Albania has $16.1B in government debt (52.6% of GDP), compared to $75.2B (59% of GDP) in the Dominican Republic.

Albania vs Dominican Republic GDP by year

Albania
Dominican Republic
1x
Year GDP, current $
Albania Dominican Republic
2025 $30,540,188,271 $127,407,463,759
2024 $27,037,474,263 $124,282,245,639
2023 $23,491,242,727 $120,456,239,154
2022 $19,017,247,014 $113,478,103,598
2021 $18,031,989,573 $94,850,719,517
2020 $15,241,458,745 $78,546,672,407
2019 $15,585,111,614 $89,146,130,745
2018 $15,379,508,330 $84,994,732,049
2017 $13,258,268,436 $79,070,274,743
2016 $11,988,668,785 $75,552,902,636
2015 $11,470,171,827 $70,966,782,572
2014 $13,296,322,588 $67,014,329,100
2013 $12,796,985,886 $62,555,417,415
2012 $12,246,499,748 $60,561,635,556
2011 $12,973,755,875 $57,948,261,616
2010 $12,086,545,641 $53,801,053,353
2009 $12,335,540,656 $48,223,781,477
2008 $13,258,506,375 $48,091,433,554
2007 $11,116,937,870 $43,965,458,509
2006 $9,150,528,132 $37,879,830,084
2005 $8,256,658,250 $35,777,560,684
2004 $7,406,645,793 $22,322,387,382
2003 $5,801,712,040 $21,403,167,848
2002 $4,515,003,117 $27,137,440,786
2001 $4,059,064,033 $25,601,823,688
2000 $3,584,570,165 $24,305,780,629
1999 $3,283,941,510 $22,136,579,397
1998 $2,600,356,999 $21,672,215,547
1997 $2,293,666,030 $20,017,450,041
1996 $3,234,486,232 $18,241,622,548
1995 $2,905,092,799 $16,637,370,839
1994 $1,880,950,864 $14,644,734,599
1993 $1,185,315,468 $13,081,042,400
1992 $652,174,991 $11,605,382,504
1991 $1,099,559,028 $9,824,483,340
1990 $2,028,553,750 $7,073,675,545
1989 $2,253,090,000 $6,686,593,060
1988 $2,051,236,250 $5,374,299,981
1987 $2,080,796,250 $5,827,050,753
1986 $2,097,326,250 $6,122,128,558
1985 $1,897,050,117 $5,044,579,979
1984 $1,857,337,995 $11,594,000,000
1983 $1,881,412,587 $9,220,600,000
1982 $1,861,163,170 $8,267,400,000
1981 $1,808,177,156 $7,561,300,000
1980 $1,578,102,105 $6,761,300,000
1979 - $5,498,800,000
1978 - $4,734,400,000
1977 - $4,587,100,000
1976 - $3,951,500,000
1975 - $3,599,200,000
1974 - $2,925,700,000
1973 - $2,344,800,000
1972 - $1,987,400,000
1971 - $1,666,500,000
1970 - $1,485,500,000
1969 - $1,230,500,000
1968 - $1,079,100,000
1967 - $1,034,800,000
1966 - $983,900,000
1965 - $888,100,000
1964 - $1,025,599,900
1963 - $940,799,900
1962 - $824,100,000
1961 - $654,100,200
1960 - $672,399,700

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

GeoRank.org/economy/albania/dominican-republic | CC BY

GDP per capita in Albania vs Dominican Republic by year

Albania
GDP per capita

GDP per capita, PPP
Dominican Republic
GDP per capita

GDP per capita, PPP
1x
Year Current $
Albania Dominican Republic
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $12,998 - $11,059 -
2024 $11,374 $26,702 $10,876 $27,542
2023 $9,741 $24,822 $10,630 $25,840
2022 $7,757 $22,138 $10,104 $24,626
2021 $7,242 $18,213 $8,527 $22,053
2020 $6,028 $16,288 $7,135 $18,998
2019 $6,069 $16,442 $8,183 $19,767
2018 $5,898 $15,055 $7,883 $17,995
2017 $5,006 $14,111 $7,413 $16,846
2016 $4,458 $13,056 $7,160 $16,282
2015 $4,200 $12,387 $6,801 $14,804
2014 $4,794 $11,788 $6,496 $13,465
2013 $4,543 $10,882 $6,137 $12,414
2012 $4,281 $10,609 $6,014 $11,777
2011 $4,466 $10,273 $5,827 $11,695
2010 $4,149 $9,755 $5,479 $11,246
2009 $4,214 $9,031 $4,974 $10,382
2008 $4,499 $8,469 $5,024 $10,346
2007 $3,743 $7,585 $4,650 $9,951
2006 $3,058 $6,753 $4,055 $9,130
2005 $2,742 $6,014 $3,878 $8,215
2004 $2,447 $5,595 $2,452 $7,375
2003 $1,909 $5,169 $2,383 $7,098
2002 $1,480 $4,840 $3,066 $7,158
2001 $1,326 $4,451 $2,936 $6,848
2000 $1,160 $3,978 $2,831 $6,639
1999 $1,056 $3,549 $2,621 $6,305
1998 $831 $3,086 $2,608 $5,963
1997 $729 $2,760 $2,449 $5,618
1996 $1,021 $3,054 $2,271 $5,161
1995 $911 $2,777 $2,109 $4,871
1994 $586 $2,385 $1,892 $4,599
1993 $367 $2,143 $1,722 $4,474
1992 $200.9 $1,899 $1,558 $4,151
1991 $337 $1,989 $1,346 $3,722
1990 $617 $2,656 $989 $3,641
1989 $698 - $955 -
1988 $653 - $784 -
1987 $675 - $868 -
1986 $694 - $932 -
1985 $640 - $784 -
1984 $639 - $1,844 -
1983 $662 - $1,500 -
1982 $668 - $1,376 -
1981 $663 - $1,288 -
1980 $591 - $1,180 -
1979 - - $984 -
1978 - - $868 -
1977 - - $863 -
1976 - - $763 -
1975 - - $713 -
1974 - - $595 -
1973 - - $490 -
1972 - - $427 -
1971 - - $368 -
1970 - - $338 -
1969 - - $287.7 -
1968 - - $259.6 -
1967 - - $256.2 -
1966 - - $250.9 -
1965 - - $233.2 -
1964 - - $277.3 -
1963 - - $262.2 -
1962 - - $236.8 -
1961 - - $193.9 -
1960 - - $205.7 -

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

GeoRank.org/economy/albania/dominican-republic | CC BY

Albania's GDP per capita is $12,998, ranking 79/197, compared to $11,059 in the Dominican Republic, ranking 83/197. Adjusted for purchasing power (GDP per capita PPP), Albania ranks 79th at $26,702, while the Dominican Republic ranks 76th at $27,542.

Economic indicators

Albania Dominican Republic
Gross domestic product
$30.5B
2025
$127B
2025
GDP rank
113/197
2025
65/197
2025
GDP growth
3.79%
2024-2025
2.12%
2024-2025
GDP per capita
$12,998
2025
$11,059
2025
GDP per capita rank
79/197
2025
83/197
2025
GDP per capita, PPP
$26,702
2024
$27,542
2024
GDP per capita PPP rank
79/197
2024
76/197
2024
Government debt
$16.1B
2025
$75.2B
2025
Debt-to-GDP ratio
52.6%
2025
59%
2025
Government debt per person
$6,837
2025
$6,525
2025
Government debt per person rank
72/185
2025
73/185
2025
Average annual personal income after taxes
$9,481
2026
$7,179
2026
Number of billionaires
1
2026
n/a
Income share by richest 10%
22.8%
2020
29.5%
2024
Income share by poorest 10%
3.4%
2020
2.3%
2024
Government expenditure, % of GDP
30.1%
2025
19.3%
2025
Consumer prices inflation
2.2%
2024-2025
3.87%
2024-2025
Central bank interest rate
2.5%
2025
5.5%
2025
Unemployment rate
8.43%
2024
5.17%
2025
Population
2332078
11656588

Spending and national debt comparison by year

Albania
Spending

Debt
Dominican Republic
Spending

Debt
1x
Year % of GDP
Albania Dominican Republic
Government spending Government debt Government spending Government debt
2025 30.1% 52.6% 19.3% 59%
2024 28.9% 54.5% 19.5% 58.8%
2023 28.5% 58% 19.1% 60.5%
2022 30.3% 64.7% 18.5% 59.6%
2021 31.9% 74.8% 18.4% 62.8%
2020 32.4% 75.4% 22.2% 71.8%
2019 28.7% 66.6% 17.8% 53.5%
2018 28.7% 68.5% 16.5% 50.8%
2017 29.2% 71.9% 17.3% 49.5%
2016 29.1% 73.3% 17% 46.7%
2015 30.8% 73.7% 16.7% 44.8%
2014 31.7% 72% 17% 45%
2013 29.2% 70.4% 18.5% 46.8%
2012 28.2% 62.1% 19.8% 42.4%
2011 28.9% 59.4% 16% 39.1%
2010 29.4% 57.7% 16.1% 37.4%
2009 32.7% 59.7% 16.2% 36.8%
2008 31.7% 55.1% 18.5% 33.6%
2007 29.3% 53.6% 16.3% 32.9%
2006 29.2% 56.7% 17% 36%
2005 28.9% 58.2% 15.5% 38.3%
2004 30.2% 57.5% 17.3% 34.3%
2003 29.7% 60.2% 17.2% 48.2%
2002 31.5% 64.1% 16.5% 21.5%
2001 32.7% 60.6% 14.9% 20.4%
2000 33.8% 63.8% 14.1% 16.7%
1999 37.1% 68.2% 13.4% 16%
1998 36.8% 71.2% 12.6% 13.2%
1997 30.3% 72.2% 13.2% 13.8%
1996 - - 11.4% 23%
1995 - - 11% 25.7%
1994 - - 12.1% 28.5%
1993 - - 13% 36.1%
1992 - - 10.4% 38.5%
1991 - - 8.65% 47.3%
1990 - - 9.1% 84.7%
1989 - - 11.3% 62.5%
1988 - - 12.8% 77%
1987 - - 11.2% 86.9%
1986 - - 10.4% 63.8%
1985 - - 9.8% 66.3%
1984 - - 9.32% 28.9%
1983 - - 10.2% 32.9%
1982 - - 10.2% 33.1%
1981 - - 12.1% 29.8%
1980 - - 12.8% 15.2%
1979 - - 13.8% 24%
1978 - - 12.3% 20.9%
1977 - - 11.4% 16.4%
1976 - - 12.5% 15.6%
1975 - - 13.7% 13.1%
1974 - - 14.6% 14.6%
1973 - - 13.7% 14.6%
1972 - - 14.1% 16.4%
1971 - - 13.8% 17.8%
1970 - - 13.3% 18%
1969 - - 15.5% 17.4%
1968 - - 15.5% 18.1%
1967 - - 15% 16.2%
1966 - - 15.2% 14.5%
1965 - - 12.8% -
1964 - - 16.7% -
1963 - - 15.1% -
1962 - - 15.7% -
1961 - - 20% -
1960 - - 20.1% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1997–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1996, retrieved 2026-07-08).

GeoRank.org/economy/albania/dominican-republic | CC BY

In 2025, Albania's government spending was $9.19B, accounting for 30.1% of its GDP, while the Dominican Republic spent $24.6B, or 19.3% of GDP.

Debt-to-GDP ratio is 52.6% in Albania and 59% in the Dominican Republic, ranking 96/185 and 80/185, respectively.

Government deficit by year

Deficit/surplus
Albania

Dominican Republic
1x
Year Deficit/surplus, % of GDP
Albania Dominican Republic
2025 -1.75% -3.56%
2024 -0.72% -3.09%
2023 -1.32% -3.28%
2022 -3.64% -3.25%
2021 -4.57% -2.92%
2020 -6.67% -7.94%
2019 -1.84% -3.46%
2018 -1.58% -2.17%
2017 -1.41% -3.12%
2016 -1.5% -3.11%
2015 -4.32% -0.03%
2014 -5.46% -2.76%
2013 -5.22% -4.41%
2012 -3.44% -6.26%
2011 -3.52% -3.07%
2010 -3.52% -2.97%
2009 -6.59% -2.9%
2008 -4.88% -3.43%
2007 -3.18% 0.28%
2006 -3.26% -1.69%
2005 -3.46% -0.71%
2004 -5.16% -3.6%
2003 -5.01% -4.24%
2002 -6.21% -2.28%
2001 -6.84% -0.73%
2000 -7.77% -0.86%
1999 -8.84% -0.79%
1998 -9.93% -0.29%
1997 -11.9% -0.64%
1996 - 0.14%
1995 - 0.82%
1994 - -0.39%
1993 - -0.16%
1992 - 2.35%
1991 - 0.11%
1990 - 0.39%
1989 - -0.09%
1988 - -1.68%
1987 - -0.75%
1986 - -0.57%
1985 - -1.27%
1984 - -0.95%
1983 - -1.74%
1982 - -2.4%
1981 - -1.92%
1980 - -1.82%
1979 - -3.26%
1978 - -0.82%
1977 - 0.15%
1976 - -0.22%
1975 - 1.37%
1974 - -0.93%
1973 - -0.53%
1972 - -1.73%
1971 - -0.85%
1970 - -0.68%
1969 - -0.99%
1968 - -0.99%
1967 - -1.68%
1966 - -2.14%
1965 - -1.84%
1964 - -1.36%
1963 - -0.39%
1962 - -1.17%
1961 - -3%
1960 - -0.61%
1959 - -0.29%
1958 - -1.29%
1957 - 0.21%
1956 - -0.05%
1955 - 1.47%
1954 - 1.43%
1953 - 2.79%
1952 - 0%
1951 - -2.58%
1950 - -3.66%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1997–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1950–1996, retrieved 2026-07-08).

GeoRank.org/economy/albania/dominican-republic | 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 the Dominican Republic's deficit of $4.53B, or 3.56% of GDP.

Over the past 29 years, Albania recorded a fiscal deficit in 29 of those years, while the Dominican Republic ran a deficit in 28 years. On average, Albania posted an annual deficit equal to 4.6% of GDP, compared to deficit of 2.66% of GDP for the Dominican Republic.

Inflation comparison by year

Inflation
Albania

Dominican Republic
1x
Year Consumer prices inflation
Albania Dominican Republic
2025 2.2% 3.87%
2024 2.2% 3.3%
2023 4.8% 4.79%
2022 6.7% 8.81%
2021 2% 8.24%
2020 1.6% 3.78%
2019 1.4% 1.81%
2018 2% 3.56%
2017 2% 3.28%
2016 1.3% 1.61%
2015 1.9% 0.84%
2014 1.6% 3%
2013 1.9% 4.83%
2012 2% 3.69%
2011 3.4% 5.8%
2010 3.6% 6.33%
2009 2.2% 1.44%
2008 3.3% 10.6%
2007 3% 6.14%
2006 2.4% 7.57%
2005 2.4% 4.19%
2004 2.9% 51.5%
2003 2.4% 27.4%
2002 5.2% 5.22%
2001 3.1% 8.88%
2000 0% 7.72%
1999 0.4% 6.47%
1998 20.6% 4.83%
1997 33.2% 8.3%

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

GeoRank.org/economy/albania/dominican-republic | CC BY

Over the past 29 years, Albania has recorded an average annual inflation rate of 4.2%, compared with 7.51% in the Dominican Republic. In 2025, inflation was 2.2% in Albania and 3.87% in the Dominican Republic.

Top exports between countries

Albania
Export category Export value
Raw materials & minerals $2.22M
Textiles & consumer goods $437K
Metals $219K
Chemicals & pharma $1K
Dominican Republic
Export category Export value
Processed food, beverages & tobacco $163K
Animal & marine products $43K
Textiles & consumer goods $7K

Balance of trade

Albania Dominican Republic
Current account balance
-$161M
2025
-$1.49B
2025
Current account balance ranking
86/190
2025
128/190
2025
Current account balance, % of GDP
-0.53%
2025
-1.17%
2025
Goods imports
$8.52B
2025
$29.8B
2025
Goods exports
$1.76B
2025
$16B
2025
Service imports
$4.55B
2025
$5.65B
2025
Service exports
$9.66B
2025
$14.4B
2025
Imports of goods and services, % of GDP
42.5%
2025
27.9%
2025
Exports of goods and services, % of GDP
37%
2025
23.6%
2025

Economic freedom indices

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

Albania Dominican Republic
Economic freedom 68 63.8
Economic freedom ranking 50/197 77/197
Property rights 57.6 53.9
Government integrity 41.9 39.8
Judicial effectiveness 59.9 58
Tax burden 89.3 84.4
Government spending 74.3 89.1
Fiscal health 88 76.6
Business freedom 76.6 71.4
Labor freedom 46.2 53.2
Monetary freedom 78.6 72.1
Trade freedom 83 67.4
Investment freedom 60 60
Financial freedom 60 40

Economic freedom comparison by year

Albania
Dominican Republic
1x
Year Economic freedom index
Albania Dominican Republic
2026 68 63.8
2025 66.6 64.3
2024 64.8 62.9
2023 65.3 62.6
2022 66.6 63
2021 65.2 62.1
2020 66.9 60.9
2019 66.5 61
2018 64.5 61.6
2017 64.4 62.9
2016 65.9 61
2015 65.7 61
2014 66.9 61.3
2013 65.2 59.7
2012 65.1 60.2
2011 64 60
2010 66 60.3
2009 63.7 59.2
2008 62.4 57.7
2007 61.4 56.8
2006 60.3 56.3
2005 57.8 55.1
2004 58.5 54.6
2003 56.8 57.8
2002 56.8 58.6
2001 56.6 59.1
2000 53.6 59
1999 53.4 58.1
1998 53.9 58.1
1997 54.8 53.5
1996 53.8 58.1
1995 49.7 55.8

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

GeoRank.org/economy/albania/dominican-republic | CC BY

The Economic Freedom Index for Albania is 68, ranking 50/197, compared to 63.8 for the Dominican Republic, ranking 77/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Albania Dominican Republic
Services, % of GDP
49.7%
2025
60.1%
2025
Industry, % of GDP
21.8%
2025
28.4%
2025
Agriculture, forestry, and fishing, % of GDP
14.8%
2025
4.6%
2025
GNI, Atlas method
$28.3B
2025
$122B
2025
GNI per capita, PPP
$28,170
2025
$26,980
2025
Total reserves including gold
$8.6B
2025
$14.8B
2025
Total reserves ranking
86/177
2025
71/177
2025
Net foreign direct investment
-$1.51B
2025
-$5.03B
2025
Net inflows of foreign direct investment
$1.71B
2024
$4.48B
2024
Net outflows of foreign direct investment
$261M
2024
-$47.3M
2024
Servicing debt to the IMF, % of GNI
3.25%
2024
5.61%
2024
Poverty at national poverty lines
19.7%
2022
17.3%
2025
Gross capital formation, % of GDP
25%
2024
24.7%
2025

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/dominican-republic | 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 (1997–2025, retrieved 2026-07-08)
  3. International Monetary Fund (IMF) | Public Finances in Modern History (1950–1996, retrieved 2026-07-08)
  4. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08)
  5. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  6. TradeMap (2021–2025, 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.