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Economy of Albania vs France compared: GDP & Debt

Updated on by Georank team

Albania has a GDP of $27B compared to $3.16T for France, ranking 112/197 and 7/197 by economy size, respectively.

Albania has $15.2B in government debt (56% of GDP), compared to $3.58T (113.1% of GDP) in France.

Albania vs France GDP by year

Albania
France
1x
Year GDP, current $
Albania France
2024 $27,046,429,297 $3,160,442,622,465
2023 $23,491,242,727 $3,056,250,648,138
2022 $19,017,247,014 $2,794,788,137,067
2021 $18,031,989,573 $2,966,433,692,008
2020 $15,241,458,745 $2,647,926,055,110
2019 $15,585,111,614 $2,722,793,515,172
2018 $15,379,508,330 $2,781,576,320,884
2017 $13,258,268,436 $2,588,868,323,335
2016 $11,988,668,785 $2,470,407,619,777
2015 $11,470,171,827 $2,442,483,452,643
2014 $13,296,322,588 $2,861,236,112,552
2013 $12,796,985,886 $2,816,077,607,875
2012 $12,246,499,748 $2,683,007,095,787
2011 $12,973,755,875 $2,870,408,553,990
2010 $12,086,545,641 $2,646,230,027,988
2009 $12,335,540,656 $2,700,075,882,519
2008 $13,258,506,375 $2,926,802,941,586
2007 $11,116,937,870 $2,655,816,911,867
2006 $9,150,528,132 $2,317,861,544,691
2005 $8,256,658,250 $2,192,146,403,028
2004 $7,406,645,793 $2,109,792,297,237
2003 $5,801,712,040 $1,835,095,983,049
2002 $4,515,003,117 $1,492,427,756,382
2001 $4,059,064,033 $1,370,376,677,299
2000 $3,584,570,165 $1,360,959,069,477
1999 $3,283,941,510 $1,486,915,879,702
1998 $2,600,356,999 $1,496,906,382,032
1997 $2,293,666,030 $1,449,392,222,971
1996 $3,234,486,232 $1,598,889,216,566
1995 $2,905,092,799 $1,595,219,345,512
1994 $1,880,950,864 $1,385,822,778,828
1993 $1,185,315,468 $1,314,383,368,080
1992 $652,174,991 $1,389,663,073,110
1991 $1,099,559,028 $1,258,961,748,634
1990 $2,028,553,750 $1,257,649,439,827
1989 $2,253,090,000 $1,016,742,237,302
1988 $2,051,236,250 $1,010,827,662,152
1987 $2,080,796,250 $926,320,855,615
1986 $2,097,326,250 $764,946,585,851
1985 $1,897,050,117 $547,220,981,165
1984 $1,857,337,995 $525,033,325,828
1983 $1,881,412,587 $553,356,312,936
1982 $1,861,163,170 $578,152,310,610
1981 $1,808,177,156 $609,184,791,792
1980 $1,578,102,105 $694,529,183,483
1979 - $608,218,624,730
1978 - $501,724,418,605
1977 - $406,401,711,688
1976 - $368,363,152,144
1975 - $357,324,307,786
1974 - $282,739,225,314
1973 - $261,970,536,240
1972 - $201,738,881,664
1971 - $164,694,210,962
1970 - $147,312,861,698
1969 - $140,660,914,841
1968 - $128,710,572,572
1967 - $118,088,635,381
1966 - $109,306,730,313
1965 - $100,927,668,584
1964 - $93,424,179,943
1963 - $84,227,606,650
1962 - $75,196,980,365
1961 - $67,158,050,215
1960 - $61,959,085,885

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

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

GDP per capita in Albania vs France by year

Albania
GDP per capita

GDP per capita, PPP
France
GDP per capita

GDP per capita, PPP
1x
Year Current $
Albania France
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $11,378 $26,702 $46,103 $62,557
2023 $9,731 $24,822 $44,700 $60,839
2022 $7,757 $22,138 $40,989 $57,043
2021 $7,242 $18,213 $43,725 $52,517
2020 $6,028 $16,288 $39,170 $49,482
2019 $6,069 $16,442 $40,408 $51,130
2018 $5,898 $15,055 $41,418 $46,381
2017 $5,006 $14,111 $38,687 $44,469
2016 $4,458 $13,056 $37,024 $42,880
2015 $4,200 $12,387 $36,702 $40,905
2014 $4,794 $11,788 $43,148 $40,218
2013 $4,543 $10,882 $42,669 $39,583
2012 $4,281 $10,609 $40,864 $37,671
2011 $4,466 $10,273 $43,930 $37,510
2010 $4,149 $9,755 $40,695 $35,908
2009 $4,214 $9,031 $41,728 $34,685
2008 $4,499 $8,469 $45,465 $35,053
2007 $3,743 $7,585 $41,486 $34,066
2006 $3,058 $6,753 $36,432 $32,424
2005 $2,742 $6,014 $34,696 $30,431
2004 $2,447 $5,595 $33,645 $28,921
2003 $1,909 $5,169 $29,480 $28,024
2002 $1,480 $4,840 $24,145 $28,350
2001 $1,326 $4,451 $22,332 $27,347
2000 $1,160 $3,978 $22,341 $26,007
1999 $1,056 $3,549 $24,576 $24,204
1998 $831 $3,086 $24,869 $23,263
1997 $729 $2,760 $24,169 $22,190
1996 $1,021 $3,054 $26,758 $21,268
1995 $911 $2,777 $26,792 $20,701
1994 $586 $2,385 $23,360 $19,892
1993 $367 $2,143 $22,239 $19,094
1992 $200.9 $1,899 $23,615 $18,801
1991 $337 $1,989 $21,501 $18,198
1990 $617 $2,656 $21,586 $17,475
1989 $698 - $17,547 -
1988 $653 - $17,550 -
1987 $675 - $16,176 -
1986 $694 - $13,430 -
1985 $640 - $9,657 -
1984 $639 - $9,312 -
1983 $662 - $9,862 -
1982 $668 - $10,360 -
1981 $663 - $10,956 -
1980 $591 - $12,565 -
1979 - - $11,063 -
1978 - - $9,167 -
1977 - - $7,459 -
1976 - - $6,792 -
1975 - - $6,617 -
1974 - - $5,261 -
1973 - - $4,907 -
1972 - - $3,809 -
1971 - - $3,137 -
1970 - - $2,833 -
1969 - - $2,729 -
1968 - - $2,518 -
1967 - - $2,328 -
1966 - - $2,173 -
1965 - - $2,024 -
1964 - - $1,891 -
1963 - - $1,723 -
1962 - - $1,554 -
1961 - - $1,402 -
1960 - - $1,307 -

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

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

Albania's GDP per capita is $11,378, ranking 82/197, compared to $46,103 in France, ranking 27/197. Adjusted for purchasing power (GDP per capita PPP), Albania ranks 79th at $26,702, while France ranks 30th at $62,557.

Economic indicators

Albania France
Gross domestic product
$27B
2024
$3.16T
2024
GDP rank
112/197
2024
7/197
2024
GDP growth
4.05%
2023-2024
1.19%
2023-2024
GDP per capita
$11,378
2024
$46,103
2024
GDP per capita rank
82/197
2024
27/197
2024
GDP per capita, PPP
$26,702
2024
$62,557
2024
GDP per capita PPP rank
79/197
2024
30/197
2024
Government debt
$15.2B
2024
$3.58T
2024
Debt-to-GDP ratio
56%
2024
113.1%
2024
Government debt per person
$6,375
2024
$52,165
2024
Government debt per person rank
72/185
2024
8/185
2024
Average annual personal income after taxes
$9,075
2026
$35,669
2026
Market capitalization of domestic companies n/a
$2.37T
2018
Number of millionaires n/a
2,897,000
2025
Number of billionaires
1
2025
52
2025
Income share by richest 10%
22.8%
2020
25%
2023
Income share by poorest 10%
3.4%
2020
3%
2023
Government expenditure, % of GDP
28.9%
2024
57.2%
2024
Consumer prices inflation
2.2%
2023-2024
2%
2023-2024
Central bank interest rate
2.5%
2025
n/a
Unemployment rate
10.7%
2023
7.44%
2024
Population
2342753
68788006

Spending and national debt comparison by year

Albania
Spending

Debt
France
Spending

Debt
1x
Year % of GDP
Albania France
Government spending Government debt Government spending Government debt
2024 28.9% 56% 57.2% 113.1%
2023 28.5% 58% 56.8% 109.6%
2022 30.3% 65.2% 58.4% 111.4%
2021 31.9% 74.8% 59.5% 112.8%
2020 32.4% 75.4% 61.7% 114.9%
2019 28.8% 66.6% 55.3% 98.1%
2018 28.7% 68.5% 56.4% 98.5%
2017 29.2% 71.9% 57.7% 98.7%
2016 29.1% 73.3% 57.4% 98.1%
2015 30.8% 73.7% 57.6% 96.9%
2014 31.7% 72% 58.4% 96.1%
2013 29.2% 70.4% 58.6% 94.5%
2012 28.2% 62.1% 57.9% 91.7%
2011 28.9% 59.4% 57% 88.7%
2010 29.4% 57.7% 57.7% 86.3%
2009 32.7% 59.7% 58% 84.1%
2008 31.7% 55.1% 54.3% 69.8%
2007 29.3% 53.6% 53.6% 65.5%
2006 29.2% 56.7% 53.7% 65.4%
2005 28.9% 58.2% 54.3% 68.2%
2004 30.2% 57.5% 54% 66.9%
2003 29.7% 60.2% 54.4% 65.4%
2002 31.5% 64.1% 53.9% 61.3%
2001 32.7% 60.6% 52.8% 59.3%
2000 33.8% 63.8% 52.6% 59.7%
1999 37.1% 68.2% 53.7% 61.4%
1998 36.8% 71.2% 54% 62.1%
1997 30.3% 72.2% 55.6% 62%
1996 - - 56% 60.6%
1995 - - 56% 57.8%
1994 - - 55.9% 51.6%
1993 - - 56.5% 48.2%
1992 - - 54% 41.7%
1991 - - 52.7% 37.8%
1990 - - 51.6% 36.8%
1989 - - 48.9% 34%
1988 - - 50.1% 33.3%
1987 - - 50.7% 33.4%
1986 - - 51.3% 31.1%
1985 - - 51.9% 30.6%
1984 - - 51.2% 29%
1983 - - 50.2% 26.6%
1982 - - 49.9% 25.3%
1981 - - 48.5% 22%
1980 - - 46% 20.7%
1979 - - 44.9% 21.1%
1978 - - 44.7% 21.2%
1977 - - 21.4% 15%
1976 - - 21.7% 15.1%
1975 - - 22% 16.1%
1974 - - 19.9% 15.4%
1973 - - 19.7% 15.8%
1972 - - 19.8% 17.7%
1971 - - 20% 20.1%
1970 - - 20.5% 21%
1969 - - 21.5% 14.4%
1968 - - 22.7% 15.8%
1967 - - 21.4% 16.1%
1966 - - 21.4% 15.3%
1965 - - 21.1% 17.6%
1964 - - 21% 19.6%
1963 - - 22.6% 22.2%
1962 - - 21.7% 23.6%
1961 - - 21.9% 26.3%
1960 - - 22.2% 28.5%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1989, retrieved 2026-02-20).

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

In 2024, Albania's government spending was $7.83B, accounting for 28.9% of its GDP, while France spent $1.81T, or 57.2% of GDP.

Debt-to-GDP ratio is 56% in Albania and 113.1% in France, ranking 94/185 and 14/185, respectively.

Government deficit by year

Deficit/surplus
Albania

France
1x
Year Deficit/surplus, % of GDP
Albania France
2024 -0.72% -5.77%
2023 -1.32% -5.44%
2022 -3.64% -4.74%
2021 -4.57% -6.58%
2020 -6.67% -8.93%
2019 -1.92% -2.39%
2018 -1.6% -2.32%
2017 -1.41% -3.36%
2016 -1.5% -3.76%
2015 -4.32% -3.89%
2014 -5.46% -4.57%
2013 -5.22% -4.94%
2012 -3.44% -5.17%
2011 -3.52% -5.3%
2010 -3.52% -7.16%
2009 -6.59% -7.38%
2008 -4.88% -3.5%
2007 -3.18% -2.99%
2006 -3.26% -2.66%
2005 -3.46% -3.5%
2004 -5.16% -3.55%
2003 -5.01% -4.09%
2002 -6.21% -3.18%
2001 -6.84% -1.42%
2000 -7.77% -1.32%
1999 -8.84% -1.55%
1998 -9.93% -2.39%
1997 -11.9% -3.71%
1996 - -3.89%
1995 - -5.11%
1994 - -5.46%
1993 - -6.4%
1992 - -4.64%
1991 - -2.89%
1990 - -2.45%
1989 - -1.9%
1988 - -2.7%
1987 - -2.13%
1986 - -3.3%
1985 - -3.08%
1984 - -2.8%
1983 - -2.58%
1982 - -2.91%
1981 - -2.39%
1980 - -0.27%
1979 - -0.36%
1978 - -1.73%
1977 - 0.9%
1976 - 1.01%
1975 - -0.28%
1974 - 3.05%
1973 - 1.97%
1972 - 1.94%
1971 - -0.13%
1970 - 0.02%
1969 - -0.49%
1968 - -2.54%
1967 - -0.8%
1966 - -0.57%
1965 - -0.07%
1964 - -0.25%
1963 - -2.24%
1962 - -1.53%
1961 - -1.36%
1960 - -1.95%
1959 - 0.56%
1958 - 0.08%
1957 - -1.99%
1956 - -2.62%
1955 - -1.04%
1954 - -0.78%
1953 - -4.79%
1952 - -6.82%
1951 - -4.42%
1950 - -5.56%
1949 - -7.31%
1948 - -9.11%
1947 - -7.6%
1946 - -8.1%
1945 - -
1944 - -
1943 - -
1942 - -
1941 - -
1940 - -
1939 - -
1938 - -
1937 - -6.89%
1936 - -4.76%
1935 - -4.22%
1934 - -4.31%
1933 - -4.96%
1932 - -1.86%
1931 - -2.06%
1930 - -1.65%
1929 - 1.48%
1928 - 1.13%
1927 - -0.04%
1926 - -0.02%
1925 - -0.87%
1924 - -
1923 - -
1922 - -
1921 - -
1920 - -
1919 - -
1918 - -
1917 - -
1916 - -
1915 - -
1914 - -
1913 - 0.05%
1912 - 0.23%
1911 - 0.31%
1910 - -0.12%
1909 - -0.11%
1908 - -0.15%
1907 - 0.23%
1906 - -0.04%
1905 - 0.18%
1904 - 0.3%
1903 - 0.21%
1902 - -0.37%
1901 - -0.39%
1900 - 0.21%
1899 - 0.21%
1898 - 0.29%
1897 - 0.01%
1896 - -0.03%
1895 - -0.07%
1894 - -0.08%
1893 - -0.3%
1892 - -0.03%
1891 - 0.36%
1890 - 0.31%
1889 - 0.09%
1888 - 0.18%
1887 - -0.07%
1886 - -0.5%
1885 - -0.59%
1884 - -0.35%
1883 - -0.23%
1882 - -0.15%
1881 - 0.64%
1880 - 0.65%

Data sources: International Monetary Fund (IMF) | Public Finances in Modern History (1880–1989, retrieved 2026-02-20); International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20).

GeoRank.org/economy/albania/france | 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 France's deficit of $182B, or 5.77% of GDP.

Over the past 28 years, Albania recorded a fiscal deficit in 28 of those years, while France ran a deficit in 28 years. On average, Albania posted an annual deficit equal to 4.71% of GDP, compared to deficit of 4.13% of GDP for France.

Inflation comparison by year

Inflation
Albania

France
1x
Year Consumer prices inflation
Albania France
2024 2.2% 2%
2023 4.8% 4.88%
2022 6.7% 5.22%
2021 2% 1.64%
2020 1.6% 0.48%
2019 1.4% 1.11%
2018 2% 1.85%
2017 2% 1.03%
2016 1.3% 0.18%
2015 1.9% 0.04%
2014 1.6% 0.51%
2013 1.9% 0.86%
2012 2% 1.95%
2011 3.4% 2.11%
2010 3.6% 1.53%
2009 2.2% 0.09%
2008 3.3% 2.81%
2007 3% 1.49%
2006 2.4% 1.68%
2005 2.4% 1.75%
2004 2.9% 2.14%
2003 2.4% 2.1%
2002 5.2% 1.92%
2001 3.1% 1.63%
2000 0% 1.68%
1999 0.4% 0.54%
1998 20.6% 0.65%
1997 33.2% 1.2%

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/france | CC BY

Over the past 28 years, Albania has recorded an average annual inflation rate of 4.27%, compared with 1.61% in France. In 2024, inflation was 2.2% in Albania and 2% in France.

Top exports between countries

Albania
Export category Export value
Transport & tourism services $20.8M
Textiles & consumer goods $15.2M
Raw materials & minerals $13.9M
Metals $8.86M
Processed food, beverages & tobacco $3.36M
Manufacturing & construction services $3.31M
Raw agricultural goods $3.22M
Machinery & equipment $3.05M
Business & finance services $2.48M
Wood & paper products $1.8M
France
Export category Export value
Processed food, beverages & tobacco $23.7M
Wood & paper products $17.6M
Machinery & equipment $14.2M
Chemicals & pharma $12.7M
Textiles & consumer goods $10.3M
Raw materials & minerals $7.85M
Metals $3.23M
Animal & marine products $2.08M
Raw agricultural goods $1.44M
Miscellaneous $542K

Balance of trade

Albania France
Current account balance
-$648M
2024
$2.69B
2024
Current account balance ranking
112/190
2024
42/190
2024
Current account balance, % of GDP
-2.4%
2024
+0.09%
2024
Goods imports
$7.87B
2024
$733B
2024
Goods exports
$1.82B
2024
$668B
2024
Service imports
$3.83B
2024
$341B
2024
Service exports
$8.03B
2024
$403B
2024
Imports of goods and services, % of GDP
43.2%
2024
34.2%
2024
Exports of goods and services, % of GDP
36.3%
2024
33.9%
2024

Economic freedom indices

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

Albania France
Economic freedom 68 64.6
Economic freedom ranking 50/197 72/197
Property rights 57.6 91.2
Government integrity 41.9 73.4
Judicial effectiveness 59.9 84.7
Tax burden 89.3 54.6
Government spending 74.3 0.9
Fiscal health 88 34.8
Business freedom 76.6 78.4
Labor freedom 46.2 59.1
Monetary freedom 78.6 73.2
Trade freedom 83 79.4
Investment freedom 60 75
Financial freedom 60 70

Economic freedom comparison by year

Albania
France
1x
Year Economic freedom index
Albania France
2026 68 64.6
2025 66.6 64.4
2024 64.8 62.5
2023 65.3 63.6
2022 66.6 65.9
2021 65.2 65.7
2020 66.9 66
2019 66.5 63.8
2018 64.5 63.9
2017 64.4 63.3
2016 65.9 62.3
2015 65.7 62.5
2014 66.9 63.5
2013 65.2 64.1
2012 65.1 63.2
2011 64 64.6
2010 66 64.2
2009 63.7 63.3
2008 62.4 64.7
2007 61.4 62.1
2006 60.3 61.1
2005 57.8 60.5
2004 58.5 60.9
2003 56.8 59.2
2002 56.8 58
2001 56.6 58
2000 53.6 57.4
1999 53.4 59.1
1998 53.9 58.9
1997 54.8 59.1
1996 53.8 63.7
1995 49.7 64.4

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

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

The Economic Freedom Index for Albania is 68, ranking 50/197, compared to 64.6 for France, ranking 72/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Albania France
Services, % of GDP
48.7%
2024
70.9%
2024
Industry, % of GDP
22.4%
2024
17.2%
2024
Agriculture, forestry, and fishing, % of GDP
15.5%
2024
1.3%
2024
GNI, Atlas method
$23.6B
2024
$3.1T
2024
GNI per capita, PPP
$26,500
2024
$63,880
2024
Total reserves including gold
$6.52B
2024
$283B
2024
Total reserves ranking
89/177
2024
13/177
2024
Net foreign direct investment
-$1.45B
2024
-$10.3B
2024
Net inflows of foreign direct investment
$1.71B
2024
$52.1B
2024
Net outflows of foreign direct investment
$261M
2024
$41.7B
2024
Servicing debt to the IMF, % of GNI
3.25%
2024
n/a
Poverty at national poverty lines
19.7%
2022
15.6%
2021
Gross capital formation, % of GDP
25%
2024
21.5%
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/france | 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 (1880–1989, 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 (2018–2024, retrieved 2026-02-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. LivingCost (2026, retrieved 2025-10-14)

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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.