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Economy of Albania vs El Salvador compared: GDP & Debt

Updated on by Georank team

Albania has a GDP of $27B compared to $35.4B for El Salvador, ranking 112/197 and 105/197 by economy size, respectively.

Albania has $15.2B in government debt (56% of GDP), compared to $30.9B (87.5% of GDP) in El Salvador.

Albania vs El Salvador GDP by year

Albania
El Salvador
1x
Year GDP, current $
Albania El Salvador
2024 $27,046,429,297 $35,364,960,000
2023 $23,491,242,727 $33,853,940,000
2022 $19,017,247,014 $31,870,120,000
2021 $18,031,989,573 $29,043,140,000
2020 $15,241,458,745 $24,921,190,000
2019 $15,585,111,614 $26,881,140,000
2018 $15,379,508,330 $26,020,850,000
2017 $13,258,268,436 $24,979,190,000
2016 $11,988,668,785 $24,191,430,000
2015 $11,470,171,827 $23,438,240,000
2014 $13,296,322,588 $22,593,470,000
2013 $12,796,985,886 $21,990,960,000
2012 $12,246,499,748 $21,386,150,000
2011 $12,973,755,875 $20,283,780,000
2010 $12,086,545,641 $18,447,920,000
2009 $12,335,540,656 $17,601,620,000
2008 $13,258,506,375 $17,986,890,000
2007 $11,116,937,870 $17,011,750,000
2006 $9,150,528,132 $15,999,890,000
2005 $8,256,658,250 $14,698,000,000
2004 $7,406,645,793 $13,724,810,900
2003 $5,801,712,040 $13,243,892,200
2002 $4,515,003,117 $12,664,190,300
2001 $4,059,064,033 $12,282,533,600
2000 $3,584,570,165 $11,784,927,700
1999 $3,283,941,510 $11,284,197,000
1998 $2,600,356,999 $10,936,669,900
1997 $2,293,666,030 $10,221,705,900
1996 $3,234,486,232 $9,586,327,800
1995 $2,905,092,799 $8,921,947,100
1994 $1,880,950,864 $7,679,384,000
1993 $1,185,315,468 $6,680,269,200
1992 $652,174,991 $5,813,399,300
1991 $1,099,559,028 $5,252,342,400
1990 $2,028,553,750 $4,817,542,204
1989 $2,253,090,000 $4,372,215,300
1988 $2,051,236,250 $4,189,880,000
1987 $2,080,796,250 $3,958,045,800
1986 $2,097,326,250 $3,771,663,200
1985 $1,897,050,117 $3,800,368,600
1984 $1,857,337,995 $3,661,683,400
1983 $1,881,412,587 $3,506,347,800
1982 $1,861,163,170 $3,399,189,100
1981 $1,808,177,156 $3,437,200,200
1980 $1,578,102,105 $3,573,959,900
1979 - $3,463,639,900
1978 - $3,127,960,000
1977 - $2,941,640,100
1976 - $2,328,280,100
1975 - $1,884,120,100
1974 - $1,665,880,000
1973 - $1,442,320,000
1972 - $1,263,720,000
1971 - $1,186,120,000
1970 - $1,132,920,000
1969 - $1,049,400,000
1968 - $1,009,760,100
1967 - $976,200,000
1966 - $929,520,000
1965 - $877,720,000

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

GeoRank.org/economy/albania/el-salvador | CC BY

GDP per capita in Albania vs El Salvador by year

Albania
GDP per capita

GDP per capita, PPP
El Salvador
GDP per capita

GDP per capita, PPP
1x
Year Current $
Albania El Salvador
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $11,378 $26,702 $5,580 $13,264
2023 $9,731 $24,822 $5,365 $12,680
2022 $7,757 $22,138 $5,075 $11,876
2021 $7,242 $18,213 $4,643 $10,810
2020 $6,028 $16,288 $3,997 $9,393
2019 $6,069 $16,442 $4,320 $9,757
2018 $5,898 $15,055 $4,184 $9,204
2017 $5,006 $14,111 $4,020 $8,965
2016 $4,458 $13,056 $3,901 $8,456
2015 $4,200 $12,387 $3,790 $7,934
2014 $4,794 $11,788 $3,666 $7,504
2013 $4,543 $10,882 $3,582 $7,093
2012 $4,281 $10,609 $3,498 $6,708
2011 $4,466 $10,273 $3,331 $6,594
2010 $4,149 $9,755 $3,040 $6,248
2009 $4,214 $9,031 $2,910 $6,063
2008 $4,499 $8,469 $2,983 $6,175
2007 $3,743 $7,585 $2,831 $5,949
2006 $3,058 $6,753 $2,666 $5,695
2005 $2,742 $6,014 $2,447 $5,292
2004 $2,447 $5,595 $2,286 $4,998
2003 $1,909 $5,169 $2,208 $4,829
2002 $1,480 $4,840 $2,115 $4,672
2001 $1,326 $4,451 $2,058 $4,543
2000 $1,160 $3,978 $1,983 $4,422
1999 $1,056 $3,549 $1,908 $4,298
1998 $831 $3,086 $1,860 $4,171
1997 $729 $2,760 $1,749 $4,043
1996 $1,021 $3,054 $1,651 $3,880
1995 $911 $2,777 $1,548 $3,808
1994 $586 $2,385 $1,344 $3,591
1993 $367 $2,143 $1,180 $3,390
1992 $200.9 $1,899 $1,041 $3,171
1991 $337 $1,989 $956 $2,945
1990 $617 $2,656 $892 $2,856
1989 $698 - $825 -
1988 $653 - $806 -
1987 $675 - $777 -
1986 $694 - $755 -
1985 $640 - $776 -
1984 $639 - $763 -
1983 $662 - $745 -
1982 $668 - $735 -
1981 $663 - $752 -
1980 $591 - $787 -
1979 - - $773 -
1978 - - $712 -
1977 - - $684 -
1976 - - $553 -
1975 - - $457 -
1974 - - $413 -
1973 - - $366 -
1972 - - $329 -
1971 - - $316 -
1970 - - $309 -
1969 - - $293.4 -
1968 - - $290.1 -
1967 - - $288.4 -
1966 - - $282.4 -
1965 - - $274.3 -

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

GeoRank.org/economy/albania/el-salvador | CC BY

Albania's GDP per capita is $11,378, ranking 82/197, compared to $5,580 in El Salvador, ranking 116/197. Adjusted for purchasing power (GDP per capita PPP), Albania ranks 79th at $26,702, while El Salvador ranks 120th at $13,264.

Economic indicators

Albania El Salvador
Gross domestic product
$27B
2024
$35.4B
2024
GDP rank
112/197
2024
105/197
2024
GDP growth
4.05%
2023-2024
2.6%
2023-2024
GDP per capita
$11,378
2024
$5,580
2024
GDP per capita rank
82/197
2024
116/197
2024
GDP per capita, PPP
$26,702
2024
$13,264
2024
GDP per capita PPP rank
79/197
2024
120/197
2024
Government debt
$15.2B
2024
$30.9B
2024
Debt-to-GDP ratio
56%
2024
87.5%
2024
Government debt per person
$6,375
2024
$4,883
2024
Government debt per person rank
72/185
2024
81/185
2024
Average annual personal income after taxes
$9,075
2026
$4,768
2026
Number of billionaires
1
2025
n/a
Income share by richest 10%
22.8%
2020
29.7%
2023
Income share by poorest 10%
3.4%
2020
1.9%
2023
Government expenditure, % of GDP
28.9%
2024
31.4%
2024
Consumer prices inflation
2.2%
2023-2024
0.85%
2023-2024
Central bank interest rate
2.5%
2025
n/a
Unemployment rate
10.7%
2023
2.71%
2024
Population
2342753
6399793

Spending and national debt comparison by year

Albania
Spending

Debt
El Salvador
Spending

Debt
1x
Year % of GDP
Albania El Salvador
Government spending Government debt Government spending Government debt
2024 28.9% 56% 31.4% 87.5%
2023 28.5% 58% 30.5% 85.1%
2022 30.3% 65.2% 28.7% 83.7%
2021 31.9% 74.8% 31.1% 88%
2020 32.4% 75.4% 32.7% 95.4%
2019 28.8% 66.6% 27.8% 77.9%
2018 28.7% 68.5% 27.6% 77%
2017 29.2% 71.9% 28.1% 77.1%
2016 29.1% 73.3% 27.5% 75.2%
2015 30.8% 73.7% 27.1% 73.5%
2014 31.7% 72% 27.6% 71.8%
2013 29.2% 70.4% 28.5% 69.7%
2012 28.2% 62.1% 27.4% 70%
2011 28.9% 59.4% 25.3% 65.6%
2010 29.4% 57.7% 25.6% 66.8%
2009 32.7% 59.7% 26% 65.8%
2008 31.7% 55.1% 24.5% 54.2%
2007 29.3% 53.6% 22.8% 52.2%
2006 29.2% 56.7% 23.4% 52.6%
2005 28.9% 58.2% 22.4% 46.3%
2004 30.2% 57.5% 21.5% 46.8%
2003 29.7% 60.2% 22.6% 46%
2002 31.5% 64.1% 22.5% 43.8%
2001 32.7% 60.6% 21.7% 37.8%
2000 33.8% 63.8% 21% 29.6%
1999 37.1% 68.2% 19.7% 28%
1998 36.8% 71.2% 19.3% 25.7%
1997 30.3% 72.2% 18.6% 27.8%
1996 - - 21% 28.5%
1995 - - 18.6% 28%
1994 - - 18.9% 30.5%
1993 - - 18.5% 31.9%
1992 - - 20.8% 36.4%
1991 - - 18.5% 43.3%
1990 - - 15.9% -

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

GeoRank.org/economy/albania/el-salvador | CC BY

In 2024, Albania's government spending was $7.83B, accounting for 28.9% of its GDP, while El Salvador spent $11.1B, or 31.4% of GDP.

Debt-to-GDP ratio is 56% in Albania and 87.5% in El Salvador, ranking 94/185 and 36/185, respectively.

Government deficit by year

Deficit/surplus
Albania

El Salvador
1x
Year Deficit/surplus, % of GDP
Albania El Salvador
2024 -0.72% -4.55%
2023 -1.32% -4.69%
2022 -3.64% -2.68%
2021 -4.57% -5.53%
2020 -6.67% -8.18%
2019 -1.92% -3.07%
2018 -1.6% -2.71%
2017 -1.41% -2.53%
2016 -1.5% -3.1%
2015 -4.32% -3.63%
2014 -5.46% -4.02%
2013 -5.22% -4.46%
2012 -3.44% -3.81%
2011 -3.52% -4.47%
2010 -3.52% -4.97%
2009 -6.59% -6.65%
2008 -4.88% -3.8%
2007 -3.18% -2.32%
2006 -3.26% -3.42%
2005 -3.46% -3.47%
2004 -5.16% -2.76%
2003 -5.01% -4.23%
2002 -6.21% -5.5%
2001 -6.84% -4.95%
2000 -7.77% -3.45%
1999 -8.84% -3.08%
1998 -9.93% -2.94%
1997 -11.9% -1.97%
1996 - -2.7%
1995 - -0.18%
1994 - -0.94%
1993 - -1.42%
1992 - -4.29%
1991 - -2.3%
1990 - -0.61%

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

GeoRank.org/economy/albania/el-salvador | 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 El Salvador's deficit of $1.61B, or 4.55% of GDP.

Over the past 28 years, Albania recorded a fiscal deficit in 28 of those years, while El Salvador ran a deficit in 28 years. On average, Albania posted an annual deficit equal to 4.71% of GDP, compared to deficit of 3.96% of GDP for El Salvador.

Inflation comparison by year

Inflation
Albania

El Salvador
1x
Year Consumer prices inflation
Albania El Salvador
2024 2.2% 0.85%
2023 4.8% 4.05%
2022 6.7% 7.2%
2021 2% 3.47%
2020 1.6% -0.37%
2019 1.4% 0.08%
2018 2% 1.09%
2017 2% 1.01%
2016 1.3% 0.6%
2015 1.9% -0.73%
2014 1.6% 1.14%
2013 1.9% 0.76%
2012 2% 1.73%
2011 3.4% 5.13%
2010 3.6% 1.18%
2009 2.2% 1.06%
2008 3.3% 6.71%
2007 3% 4.58%
2006 2.4% 4.04%
2005 2.4% 4.69%
2004 2.9% 4.45%
2003 2.4% 2.12%
2002 5.2% 1.87%
2001 3.1% 3.75%
2000 0% 2.27%
1999 0.4% 0.51%
1998 20.6% 2.55%
1997 33.2% 4.49%

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/el-salvador | CC BY

Over the past 28 years, Albania has recorded an average annual inflation rate of 4.27%, compared with 2.51% in El Salvador. In 2024, inflation was 2.2% in Albania and 0.85% in El Salvador.

Top exports between countries

Albania
Export category Export value
Chemicals & pharma $36K
Textiles & consumer goods $1K
El Salvador
Export category Export value
Miscellaneous $4K

Balance of trade

Albania El Salvador
Current account balance
-$648M
2024
-$633M
2024
Current account balance ranking
112/190
2024
110/190
2024
Current account balance, % of GDP
-2.4%
2024
-1.79%
2024
Goods imports
$7.87B
2024
$15.1B
2024
Goods exports
$1.82B
2024
$5.59B
2024
Service imports
$3.83B
2024
$3.26B
2024
Service exports
$8.03B
2024
$6B
2024
Imports of goods and services, % of GDP
43.2%
2024
51.9%
2024
Exports of goods and services, % of GDP
36.3%
2024
32.8%
2024

Economic freedom indices

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

Albania El Salvador
Economic freedom 68 57.7
Economic freedom ranking 50/197 114/197
Property rights 57.6 42.7
Government integrity 41.9 31.5
Judicial effectiveness 59.9 15.3
Tax burden 89.3 76.8
Government spending 74.3 72.7
Fiscal health 88 59.4
Business freedom 76.6 65.7
Labor freedom 46.2 51.6
Monetary freedom 78.6 70.6
Trade freedom 83 76.4
Investment freedom 60 70
Financial freedom 60 60

Economic freedom comparison by year

Albania
El Salvador
1x
Year Economic freedom index
Albania El Salvador
2026 68 57.7
2025 66.6 56.6
2024 64.8 54.4
2023 65.3 56
2022 66.6 59.6
2021 65.2 61
2020 66.9 61.6
2019 66.5 61.8
2018 64.5 63.2
2017 64.4 64.1
2016 65.9 65.1
2015 65.7 65.7
2014 66.9 66.2
2013 65.2 66.7
2012 65.1 68.7
2011 64 68.8
2010 66 69.9
2009 63.7 69.8
2008 62.4 68.5
2007 61.4 68.9
2006 60.3 69.6
2005 57.8 71.5
2004 58.5 71.2
2003 56.8 71.5
2002 56.8 73
2001 56.6 73
2000 53.6 76.3
1999 53.4 75.1
1998 53.9 70.2
1997 54.8 70.5
1996 53.8 70.1
1995 49.7 69.1

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

GeoRank.org/economy/albania/el-salvador | CC BY

The Economic Freedom Index for Albania is 68, ranking 50/197, compared to 57.7 for El Salvador, ranking 114/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Albania El Salvador
Services, % of GDP
48.7%
2024
61%
2024
Industry, % of GDP
22.4%
2024
22.4%
2024
Agriculture, forestry, and fishing, % of GDP
15.5%
2024
4.38%
2024
GNI, Atlas method
$23.6B
2024
$32.5B
2024
GNI per capita, PPP
$26,500
2024
$12,420
2024
Total reserves including gold
$6.52B
2024
$3.7B
2024
Total reserves ranking
89/177
2024
110/177
2024
Net foreign direct investment
-$1.45B
2024
-$636M
2024
Net inflows of foreign direct investment
$1.71B
2024
$924M
2024
Net outflows of foreign direct investment
$261M
2024
$288M
2024
Servicing debt to the IMF, % of GNI
3.25%
2024
35%
2024
Poverty at national poverty lines
19.7%
2022
27.2%
2023
Gross capital formation, % of GDP
25%
2024
20.3%
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/el-salvador | 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 (2021–2024, 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.