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Economy of Albania vs Ghana compared: GDP & Debt

Updated on by Georank

Albania has a GDP of $30.5B compared to $114B for Ghana, ranking 113/197 and 69/197 by economy size, respectively.

Albania has $16.1B in government debt (52.6% of GDP), compared to $55.8B (48.8% of GDP) in Ghana.

Albania vs Ghana GDP by year

Albania
Ghana
1x
Year GDP, current $
Albania Ghana
2025 $30,540,188,271 $114,209,905,279
2024 $27,037,474,263 $83,288,585,604
2023 $23,491,242,727 $80,547,146,876
2022 $19,017,247,014 $73,919,003,212
2021 $18,031,989,573 $79,514,204,730
2020 $15,241,458,745 $70,008,243,860
2019 $15,585,111,614 $68,352,629,246
2018 $15,379,508,330 $67,259,353,966
2017 $13,258,268,436 $60,385,409,435
2016 $11,988,668,785 $56,144,179,398
2015 $11,470,171,827 $49,436,806,230
2014 $13,296,322,588 $54,678,533,806
2013 $12,796,985,886 $62,845,721,960
2012 $12,246,499,748 $41,271,701,061
2011 $12,973,755,875 $39,336,668,081
2010 $12,086,545,641 $32,197,655,567
2009 $12,335,540,656 $26,048,720,006
2008 $13,258,506,375 $28,679,383,241
2007 $11,116,937,870 $24,827,339,138
2006 $9,150,528,132 $20,885,037,597
2005 $8,256,658,250 $10,744,568,381
2004 $7,406,645,793 $8,881,417,907
2003 $5,801,712,040 $7,632,723,556
2002 $4,515,003,117 $6,166,197,848
2001 $4,059,064,033 $5,314,872,854
2000 $3,584,570,165 $4,982,850,662
1999 $3,283,941,510 $7,718,109,982
1998 $2,600,356,999 $7,482,069,162
1997 $2,293,666,030 $6,891,443,192
1996 $3,234,486,232 $6,932,991,739
1995 $2,905,092,799 $6,464,382,808
1994 $1,880,950,864 $5,446,383,727
1993 $1,185,315,468 $5,968,922,939
1992 $652,174,991 $6,416,103,926
1991 $1,099,559,028 $6,603,185,268
1990 $2,028,553,750 $5,889,106,573
1989 $2,253,090,000 $5,251,858,440
1988 $2,051,236,250 $5,197,765,032
1987 $2,080,796,250 $5,074,829,932
1986 $2,097,326,250 $5,735,677,434
1985 $1,897,050,117 $4,504,306,723
1984 $1,857,337,995 $4,412,279,843
1983 $1,881,412,587 $4,057,275,132
1982 $1,861,163,170 $4,035,994,398
1981 $1,808,177,156 $4,222,441,860
1980 $1,578,102,105 $4,445,228,216
1979 - $4,020,227,920
1978 - $3,662,478,185
1977 - $3,189,428,571
1976 - $2,765,254,237
1975 - $2,810,106,383
1974 - $2,894,409,938
1973 - $3,006,766,758
1972 - $2,112,293,280
1971 - $2,417,108,578
1970 - $2,215,028,588
1969 - $1,962,050,556
1968 - $1,666,909,518
1967 - $1,747,187,645
1966 - $2,126,300,672
1965 - $2,053,462,968
1964 - $1,731,296,200
1963 - $1,540,797,589
1962 - $1,382,515,654
1961 - $1,302,674,325
1960 - $1,217,230,095

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

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

GDP per capita in Albania vs Ghana by year

Albania
GDP per capita

GDP per capita, PPP
Ghana
GDP per capita

GDP per capita, PPP
1x
Year Current $
Albania Ghana
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $12,998 - $3,257 -
2024 $11,374 $26,702 $2,419 $8,020
2023 $9,741 $24,822 $2,384 $7,556
2022 $7,757 $22,138 $2,230 $7,208
2021 $7,242 $18,213 $2,445 $6,608
2020 $6,028 $16,288 $2,195 $6,047
2019 $6,069 $16,442 $2,187 $6,003
2018 $5,898 $15,055 $2,195 $5,536
2017 $5,006 $14,111 $2,012 $5,171
2016 $4,458 $13,056 $1,912 $5,011
2015 $4,200 $12,387 $1,723 $5,191
2014 $4,794 $11,788 $1,950 $5,517
2013 $4,543 $10,882 $2,295 $5,215
2012 $4,281 $10,609 $1,544 $4,934
2011 $4,466 $10,273 $1,507 $4,381
2010 $4,149 $9,755 $1,264 $3,855
2009 $4,214 $9,031 $1,048 $3,617
2008 $4,499 $8,469 $1,183 $3,516
2007 $3,743 $7,585 $1,050 $3,241
2006 $3,058 $6,753 $906 $3,103
2005 $2,742 $6,014 $479 $2,904
2004 $2,447 $5,595 $406 $2,729
2003 $1,909 $5,169 $358 $2,584
2002 $1,480 $4,840 $297.5 $2,475
2001 $1,326 $4,451 $263.5 $2,397
2000 $1,160 $3,978 $253.7 $2,315
1999 $1,056 $3,549 $403 $2,239
1998 $831 $3,086 $400 $2,167
1997 $729 $2,760 $378 $2,097
1996 $1,021 $3,054 $389 $2,026
1995 $911 $2,777 $372 $1,947
1994 $586 $2,385 $321 $1,875
1993 $367 $2,143 $360 $1,821
1992 $200.9 $1,899 $396 $1,739
1991 $337 $1,989 $418 $1,678
1990 $617 $2,656 $383 $1,581
1989 $698 - $350 -
1988 $653 - $355 -
1987 $675 - $355 -
1986 $694 - $411 -
1985 $640 - $330 -
1984 $639 - $330 -
1983 $662 - $311 -
1982 $668 - $319 -
1981 $663 - $344 -
1980 $591 - $372 -
1979 - - $347 -
1978 - - $326 -
1977 - - $292.3 -
1976 - - $261 -
1975 - - $273 -
1974 - - $289.4 -
1973 - - $310 -
1972 - - $223.8 -
1971 - - $263.4 -
1970 - - $248.2 -
1969 - - $225.8 -
1968 - - $196.7 -
1967 - - $211.2 -
1966 - - $263.3 -
1965 - - $260.5 -
1964 - - $225 -
1963 - - $205 -
1962 - - $188.4 -
1961 - - $181.9 -
1960 - - $174.9 -

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

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

Albania's GDP per capita is $12,998, ranking 79/197, compared to $3,257 in Ghana, ranking 139/197. Adjusted for purchasing power (GDP per capita PPP), Albania ranks 79th at $26,702, while Ghana ranks 140th at $8,020.

Economic indicators

Albania Ghana
Gross domestic product
$30.5B
2025
$114B
2025
GDP rank
113/197
2025
69/197
2025
GDP growth
3.79%
2024-2025
5.95%
2024-2025
GDP per capita
$12,998
2025
$3,257
2025
GDP per capita rank
79/197
2025
139/197
2025
GDP per capita, PPP
$26,702
2024
$8,020
2024
GDP per capita PPP rank
79/197
2024
140/197
2024
Government debt
$16.1B
2025
$55.8B
2025
Debt-to-GDP ratio
52.6%
2025
48.8%
2025
Government debt per person
$6,837
2025
$1,590
2025
Government debt per person rank
72/185
2025
128/185
2025
Average annual personal income after taxes
$9,481
2026
$2,135
2026
Market capitalization of domestic companies n/a
$16.4B
2025
Number of billionaires
1
2026
n/a
Income share by richest 10%
22.8%
2020
32.2%
2016
Income share by poorest 10%
3.4%
2020
1.6%
2016
Government expenditure, % of GDP
30.1%
2025
17%
2025
Consumer prices inflation
2.2%
2024-2025
14.2%
2024-2025
Central bank interest rate
2.5%
2025
14%
2026
Unemployment rate
8.43%
2024
3.97%
2024
Population
2332078
36032857

Spending and national debt comparison by year

Albania
Spending

Debt
Ghana
Spending

Debt
1x
Year % of GDP
Albania Ghana
Government spending Government debt Government spending Government debt
2025 30.1% 52.6% 17% 48.8%
2024 28.9% 54.5% 22% 70.3%
2023 28.5% 58% 18.5% 79.1%
2022 30.3% 64.7% 27.5% 92.7%
2021 31.9% 74.8% 27.2% 86.9%
2020 32.4% 75.4% 31.5% 79.1%
2019 28.7% 66.6% 22.5% 62.9%
2018 28.7% 68.5% 20.9% 62%
2017 29.2% 71.9% 17.6% 57%
2016 29.1% 73.3% 19.9% 55.9%
2015 30.8% 73.7% 18.6% 53.9%
2014 31.7% 72% 21% 50.1%
2013 29.2% 70.4% 21.6% 42.9%
2012 28.2% 62.1% 22.1% 35.5%
2011 28.9% 59.4% 19.5% 31.2%
2010 29.4% 57.7% 19% 32.9%
2009 32.7% 59.7% 16.6% 25.4%
2008 31.7% 55.1% 16.6% 23.2%
2007 29.3% 53.6% 16.8% 21.1%
2006 29.2% 56.7% 14.4% 17.3%
2005 28.9% 58.2% 12.9% 31.7%
2004 30.2% 57.5% 13.7% 38.4%
2003 29.7% 60.2% 12.1% 49.3%
2002 31.5% 64.1% 10.7% 54.1%
2001 32.7% 60.6% 13.8% 57.8%
2000 33.8% 63.8% 12% 74.5%
1999 37.1% 68.2% 11.1% 51.7%
1998 36.8% 71.2% 11.8% 37.6%
1997 30.3% 72.2% 12% 45.2%
1996 - - 12.4% 42.9%
1995 - - 13% 47.6%
1994 - - 12.7% 50.6%
1993 - - 12.1% 34.1%
1992 - - 9.2% 21.3%
1991 - - 7.09% 17.3%
1990 - - 6.59% 17.8%
1989 - - 7.24% 23%
1988 - - 7.23% 23.5%
1987 - - 7.32% 26.8%
1986 - - 7.29% 18.2%
1985 - - 6.08% 14.4%
1984 - - 4.64% 13%
1983 - - 3.49% 9.21%
1982 - - 4.73% 8.51%
1981 - - 5.74% 8.77%
1980 - - 7.51% 9.75%
1979 - - 9.14% 11.5%
1978 - - 6.54% 11.4%
1977 - - 10.5% 20.7%
1976 - - 12.8% 26%
1975 - - 13.2% 21.8%
1974 - - 9.52% 21.8%
1973 - - 9.35% 25.4%
1972 - - 11.4% 29.8%
1971 - - 11.7% 29.5%
1970 - - 12.2% 31.9%
1969 - - 11.2% 31.4%
1968 - - 12.3% 34.5%
1967 - - 11.5% 33.9%
1966 - - 9.12% 29.8%
1965 - - 14.2% 30.2%
1964 - - 15.8% 30.8%
1963 - - 15.3% 30.5%
1962 - - 12.5% 11.8%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1962–1989, retrieved 2026-07-08).

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

In 2025, Albania's government spending was $9.19B, accounting for 30.1% of its GDP, while Ghana spent $19.4B, or 17% of GDP.

Debt-to-GDP ratio is 52.6% in Albania and 48.8% in Ghana, ranking 96/185 and 108/185, respectively.

Government deficit by year

Deficit/surplus
Albania

Ghana
1x
Year Deficit/surplus, % of GDP
Albania Ghana
2025 -1.75% -1.35%
2024 -0.72% -6.23%
2023 -1.32% -3.37%
2022 -3.64% -11.8%
2021 -4.57% -12%
2020 -6.67% -17.4%
2019 -1.84% -7.52%
2018 -1.58% -6.79%
2017 -1.41% -3.97%
2016 -1.5% -6.75%
2015 -4.32% -4.01%
2014 -5.46% -7.81%
2013 -5.22% -9.12%
2012 -3.44% -8.36%
2011 -3.52% -5.47%
2010 -3.52% -7.13%
2009 -6.59% -5.05%
2008 -4.88% -5.56%
2007 -3.18% -4.91%
2006 -3.26% -3.11%
2005 -3.46% -1.87%
2004 -5.16% -2.02%
2003 -5.01% -1.99%
2002 -6.21% -2.73%
2001 -6.84% -3.64%
2000 -7.77% -3.98%
1999 -8.84% -5.64%
1998 -9.93% -5.27%
1997 -11.9% -6.14%
1996 - -5.61%
1995 - -4.52%
1994 - -4.99%
1993 - -5.39%
1992 - -4.5%
1991 - -1.47%
1990 - -1.93%
1989 - -0.81%
1988 - -1.08%
1987 - -0.92%
1986 - -1.26%
1985 - -1.19%
1984 - -0.98%
1983 - -1.13%
1982 - -2.03%
1981 - -3.8%
1980 - -4.73%
1979 - -3.61%
1978 - -1.21%
1977 - -4.68%
1976 - -5.53%
1975 - -4.05%
1974 - -2.06%
1973 - -2.64%
1972 - -2.19%
1971 - 0.13%
1970 - -2.35%
1969 - -2.67%
1968 - -2.34%
1967 - -2.32%
1966 - -1.29%
1965 - -3.29%
1964 - -3.72%
1963 - -5.66%
1962 - -5.04%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1962–1989, retrieved 2026-07-08).

GeoRank.org/economy/albania/ghana | 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 Ghana's deficit of $1.54B, or 1.35% of GDP.

Over the past 29 years, Albania recorded a fiscal deficit in 29 of those years, while Ghana ran a deficit in 29 years. On average, Albania posted an annual deficit equal to 4.6% of GDP, compared to deficit of 5.9% of GDP for Ghana.

Inflation comparison by year

Inflation
Albania

Ghana
1x
Year Consumer prices inflation
Albania Ghana
2025 2.2% 14.2%
2024 2.2% 22.8%
2023 4.8% 38.1%
2022 6.7% 31.3%
2021 2% 9.97%
2020 1.6% 9.89%
2019 1.4% 7.14%
2018 2% 7.81%
2017 2% 12.4%
2016 1.3% 17.5%
2015 1.9% 17.1%
2014 1.6% 15.5%
2013 1.9% 11.7%
2012 2% 11.2%
2011 3.4% 8.73%
2010 3.6% 10.7%
2009 2.2% 19.2%
2008 3.3% 16.5%
2007 3% 10.7%
2006 2.4% 11.7%
2005 2.4% 15.4%
2004 2.9% 18%
2003 2.4% 29.8%
2002 5.2% 9.36%
2001 3.1% 41.5%
2000 0% 40.2%
1999 0.4% 4.87%
1998 20.6% 14.6%
1997 33.2% 27.9%

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/ghana | CC BY

Over the past 29 years, Albania has recorded an average annual inflation rate of 4.2%, compared with 17.4% in Ghana. In 2025, inflation was 2.2% in Albania and 14.2% in Ghana.

Top exports between countries

Albania
Export category Export value
Textiles & consumer goods $116K
Metals $77K
Machinery & equipment $11K
Miscellaneous $1K
Ghana
Export category Export value
Wood & paper products $66K
Machinery & equipment $26K

Balance of trade

Albania Ghana
Current account balance
-$161M
2025
$9.39B
2025
Current account balance ranking
86/190
2025
25/190
2025
Current account balance, % of GDP
-0.53%
2025
+8.22%
2025
Goods imports
$8.52B
2025
$17.5B
2025
Goods exports
$1.76B
2025
$31.2B
2025
Service imports
$4.55B
2025
$14.6B
2025
Service exports
$9.66B
2025
$10.1B
2025
Imports of goods and services, % of GDP
42.5%
2025
33.9%
2024
Exports of goods and services, % of GDP
37%
2025
35.1%
2024

Economic freedom indices

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

Albania Ghana
Economic freedom 68 57.3
Economic freedom ranking 50/197 118/197
Property rights 57.6 50.2
Government integrity 41.9 45.4
Judicial effectiveness 59.9 57.5
Tax burden 89.3 79.4
Government spending 74.3 84
Fiscal health 88 10.1
Business freedom 76.6 64.5
Labor freedom 46.2 54.9
Monetary freedom 78.6 56.7
Trade freedom 83 65.2
Investment freedom 60 60
Financial freedom 60 60

Economic freedom comparison by year

Albania
Ghana
1x
Year Economic freedom index
Albania Ghana
2026 68 57.3
2025 66.6 56
2024 64.8 55.8
2023 65.3 58
2022 66.6 59.8
2021 65.2 59.2
2020 66.9 59.4
2019 66.5 57.5
2018 64.5 56
2017 64.4 56.2
2016 65.9 63
2015 65.7 63
2014 66.9 64.2
2013 65.2 61.3
2012 65.1 60.7
2011 64 59.4
2010 66 60.2
2009 63.7 58.1
2008 62.4 57
2007 61.4 57.6
2006 60.3 55.6
2005 57.8 56.5
2004 58.5 59.1
2003 56.8 58.2
2002 56.8 57.2
2001 56.6 58
2000 53.6 58.1
1999 53.4 57.9
1998 53.9 57
1997 54.8 56.7
1996 53.8 57.7
1995 49.7 55.6

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

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

The Economic Freedom Index for Albania is 68, ranking 50/197, compared to 57.3 for Ghana, ranking 118/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Albania Ghana
Services, % of GDP
49.7%
2025
42.9%
2025
Industry, % of GDP
21.8%
2025
29.3%
2025
Agriculture, forestry, and fishing, % of GDP
14.8%
2025
21.3%
2025
GNI, Atlas method
$28.3B
2025
$92.3B
2025
GNI per capita, PPP
$28,170
2025
$8,080
2025
Total reserves including gold
$8.6B
2025
$4.47B
2024
Total reserves ranking
86/177
2025
108/177
2024
Net foreign direct investment
-$1.51B
2025
-$1.87B
2025
Net inflows of foreign direct investment
$1.71B
2024
$1.77B
2024
Net outflows of foreign direct investment
$261M
2024
$5.37M
2024
Servicing debt to the IMF, % of GNI
3.25%
2024
3.5%
2024
Poverty at national poverty lines
19.7%
2022
23.4%
2016
Gross capital formation, % of GDP
25%
2024
9.9%
2024

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/ghana | CC BY

Compare countries by 7 more topics

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Data sources:

  1. World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08)
  3. International Monetary Fund (IMF) | Public Finances in Modern History (1962–1989, 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 (2020–2024, 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.