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Economy of Albania vs Guinea compared: GDP & Debt

Updated on by Georank

Albania has a GDP of $30.5B compared to $28.3B for Guinea, ranking 113/197 and 117/197 by economy size, respectively.

Albania has $16.1B in government debt (52.6% of GDP), compared to $13.6B (48.1% of GDP) in Guinea.

Albania vs Guinea GDP by year

Albania
Guinea
1x
Year GDP, current $
Albania Guinea
2025 $30,540,188,271 $28,346,024,753
2024 $27,037,474,263 $25,008,678,293
2023 $23,491,242,727 $22,407,615,556
2022 $19,017,247,014 $19,910,452,542
2021 $18,031,989,573 $17,069,115,738
2020 $15,241,458,745 $14,088,693,743
2019 $15,585,111,614 $13,442,861,496
2018 $15,379,508,330 $11,857,030,367
2017 $13,258,268,436 $10,324,668,271
2016 $11,988,668,785 $8,595,955,222
2015 $11,470,171,827 $8,794,201,743
2014 $13,296,322,588 $8,778,473,373
2013 $12,796,985,886 $8,376,613,539
2012 $12,246,499,748 $7,638,044,557
2011 $12,973,755,875 $6,785,137,203
2010 $12,086,545,641 $6,853,467,146
2009 $12,335,540,656 $6,716,905,340
2008 $13,258,506,375 $6,964,179,983
2007 $11,116,937,870 $6,281,918,226
2006 $9,150,528,132 $4,220,019,845
2005 $8,256,658,250 $4,282,468,637
2004 $7,406,645,793 $5,300,767,961
2003 $5,801,712,040 $5,025,167,975
2002 $4,515,003,117 $4,301,608,753
2001 $4,059,064,033 $4,125,527,603
2000 $3,584,570,165 $4,367,458,867
1999 $3,283,941,510 $5,046,806,783
1998 $2,600,356,999 $5,232,118,046
1997 $2,293,666,030 $5,516,916,163
1996 $3,234,486,232 $5,641,243,100
1995 $2,905,092,799 $5,385,704,166
1994 $1,880,950,864 $4,932,800,407
1993 $1,185,315,468 $4,781,166,117
1992 $652,174,991 $4,789,220,417
1991 $1,099,559,028 $4,396,178,694
1990 $2,028,553,750 $3,888,320,666
1989 $2,253,090,000 $3,546,079,263
1988 $2,051,236,250 $3,476,480,303
1987 $2,080,796,250 $2,976,714,019
1986 $2,097,326,250 $2,909,130,355
1985 $1,897,050,117 $22,787,644,566
1984 $1,857,337,995 $18,421,497,251
1983 $1,881,412,587 $15,129,893,722
1982 $1,861,163,170 $11,926,032,493
1981 $1,808,177,156 $9,646,440,667
1980 $1,578,102,105 $9,746,524,915
1979 - $8,877,094,497
1978 - $8,087,305,999
1977 - $6,914,381,291
1976 - $6,762,781,871
1975 - $6,102,769,605
1974 - $5,691,417,541
1973 - $5,152,080,388
1972 - $4,203,069,035
1971 - $3,594,302,908
1970 - $3,220,224,608

Data sources: World Bank | Economy & Growth (1970–2025, retrieved 2026-07-08).

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

GDP per capita in Albania vs Guinea by year

Albania
GDP per capita

GDP per capita, PPP
Guinea
GDP per capita

GDP per capita, PPP
1x
Year Current $
Albania Guinea
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $12,998 - $1,877 -
2024 $11,374 $26,702 $1,695 $4,565
2023 $9,741 $24,822 $1,555 $4,334
2022 $7,757 $22,138 $1,417 $4,062
2021 $7,242 $18,213 $1,245 $3,739
2020 $6,028 $16,288 $1,054 $3,332
2019 $6,069 $16,442 $1,031 $3,106
2018 $5,898 $15,055 $933 $2,844
2017 $5,006 $14,111 $834 $2,687
2016 $4,458 $13,056 $712 $2,255
2015 $4,200 $12,387 $747 $1,930
2014 $4,794 $11,788 $765 $1,873
2013 $4,543 $10,882 $748 $1,842
2012 $4,281 $10,609 $699 $1,790
2011 $4,466 $10,273 $637 $1,705
2010 $4,149 $9,755 $659 $1,622
2009 $4,214 $9,031 $662 $1,567
2008 $4,499 $8,469 $704 $1,614
2007 $3,743 $7,585 $650 $1,558
2006 $3,058 $6,753 $447 $1,453
2005 $2,742 $6,014 $463 $1,422
2004 $2,447 $5,595 $585 $1,366
2003 $1,909 $5,169 $566 $1,328
2002 $1,480 $4,840 $496 $1,315
2001 $1,326 $4,451 $483 $1,251
2000 $1,160 $3,978 $518 $1,196
1999 $1,056 $3,549 $611 $1,163
1998 $831 $3,086 $647 $1,130
1997 $729 $2,760 $696 $1,099
1996 $1,021 $3,054 $726 $1,048
1995 $911 $2,777 $713 $1,014
1994 $586 $2,385 $672 $976
1993 $367 $2,143 $671 $947
1992 $200.9 $1,899 $693 $908
1991 $337 $1,989 $656 $887
1990 $617 $2,656 $604 $871
1989 $698 - $570 -
1988 $653 - $574 -
1987 $675 - $505 -
1986 $694 - $506 -
1985 $640 - $4,062 -
1984 $639 - $3,362 -
1983 $662 - $2,823 -
1982 $668 - $2,273 -
1981 $663 - $1,876 -
1980 $591 - $1,931 -
1979 - - $1,790 -
1978 - - $1,658 -
1977 - - $1,440 -
1976 - - $1,431 -
1975 - - $1,311 -
1974 - - $1,243 -
1973 - - $1,143 -
1972 - - $948 -
1971 - - $825 -
1970 - - $753 -

Data sources: World Bank | Economy & Growth (1970–2025, retrieved 2026-07-08).

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

Albania's GDP per capita is $12,998, ranking 79/197, compared to $1,877 in Guinea, ranking 161/197. Adjusted for purchasing power (GDP per capita PPP), Albania ranks 79th at $26,702, while Guinea ranks 161st at $4,565.

Economic indicators

Albania Guinea
Gross domestic product
$30.5B
2025
$28.3B
2025
GDP rank
113/197
2025
117/197
2025
GDP growth
3.79%
2024-2025
7.45%
2024-2025
GDP per capita
$12,998
2025
$1,877
2025
GDP per capita rank
79/197
2025
161/197
2025
GDP per capita, PPP
$26,702
2024
$4,565
2024
GDP per capita PPP rank
79/197
2024
161/197
2024
Government debt
$16.1B
2025
$13.6B
2025
Debt-to-GDP ratio
52.6%
2025
48.1%
2025
Government debt per person
$6,837
2025
$902
2025
Government debt per person rank
72/185
2025
146/185
2025
Average annual personal income after taxes
$9,481
2026
$1,966
2026
Number of billionaires
1
2026
n/a
Income share by richest 10%
22.8%
2020
23.1%
2018
Income share by poorest 10%
3.4%
2020
3.5%
2018
Government expenditure, % of GDP
30.1%
2025
25.2%
2025
Consumer prices inflation
2.2%
2024-2025
3.1%
2024-2025
Central bank interest rate
2.5%
2025
n/a
Unemployment rate
8.43%
2024
5.02%
2019
Population
2332078
15624314

Spending and national debt comparison by year

Albania
Spending

Debt
Guinea
Spending

Debt
1x
Year % of GDP
Albania Guinea
Government spending Government debt Government spending Government debt
2025 30.1% 52.6% 25.2% 48.1%
2024 28.9% 54.5% 20.6% 48.3%
2023 28.5% 58% 18.3% 39.8%
2022 30.3% 64.7% 15.7% 37.2%
2021 31.9% 74.8% 15.1% 40.6%
2020 32.4% 75.4% 17.1% 45.3%
2019 28.7% 66.6% 14.9% 37.3%
2018 28.7% 68.5% 15.9% 37.5%
2017 29.2% 71.9% 17.3% 39.9%
2016 29.1% 73.3% 16.1% 40.6%
2015 30.8% 73.7% 21.7% 41.5%
2014 31.7% 72% 20.1% 32.1%
2013 29.2% 70.4% 18.6% 30.5%
2012 28.2% 62.1% 19.6% 26.9%
2011 28.9% 59.4% 16% 53.8%
2010 29.4% 57.7% 20.5% 71.1%
2009 32.7% 59.7% 16.2% 61.3%
2008 31.7% 55.1% 10.1% 58.5%
2007 29.3% 53.6% 8.66% 60.8%
2006 29.2% 56.7% 13.2% 95.2%
2005 28.9% 58.2% 11% 97.9%
2004 30.2% 57.5% 13% 86.9%
2003 29.7% 60.2% 14.7% 81.6%
2002 31.5% 64.1% 14.4% 82.6%
2001 32.7% 60.6% 14.9% 90.4%
2000 33.8% 63.8% 12.6% 91.5%
1999 37.1% 68.2% 11.6% 92.3%
1998 36.8% 71.2% 10.3% 75.9%
1997 30.3% 72.2% 12.6% 67.9%
1996 - - 12% 67.7%
1995 - - 12.7% 66.5%
1994 - - 12.6% 71.3%
1993 - - 13.3% 68.9%
1992 - - 13.8% 62%
1991 - - 16.3% 70.9%
1990 - - 18.7% 71.6%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08).

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

In 2025, Albania's government spending was $9.19B, accounting for 30.1% of its GDP, while Guinea spent $7.13B, or 25.2% of GDP.

Debt-to-GDP ratio is 52.6% in Albania and 48.1% in Guinea, ranking 96/185 and 111/185, respectively.

Government deficit by year

Deficit/surplus
Albania

Guinea
1x
Year Deficit/surplus, % of GDP
Albania Guinea
2025 -1.75% -7%
2024 -0.72% -4.99%
2023 -1.32% -3.86%
2022 -3.64% -1.88%
2021 -4.57% -1.7%
2020 -6.67% -3.08%
2019 -1.84% -0.17%
2018 -1.58% -0.97%
2017 -1.41% -1.98%
2016 -1.5% -0.08%
2015 -4.32% -6.53%
2014 -5.46% -3.01%
2013 -5.22% -3.86%
2012 -3.44% 23.7%
2011 -3.52% -0.92%
2010 -3.52% -9.66%
2009 -6.59% -4.87%
2008 -4.88% 0.38%
2007 -3.18% 1.28%
2006 -3.26% -2.13%
2005 -3.46% -1.06%
2004 -5.16% -3.85%
2003 -5.01% -4.65%
2002 -6.21% -3.37%
2001 -6.84% -3.23%
2000 -7.77% -2.42%
1999 -8.84% -1.3%
1998 -9.93% 2.46%
1997 -11.9% 0.07%
1996 - -2.2%
1995 - -1.07%
1994 - -2.59%
1993 - -2.33%
1992 - -0.89%
1991 - -3.25%
1990 - -3.76%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08).

GeoRank.org/economy/albania/guinea | 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 Guinea's deficit of $1.98B, or 7% of GDP.

Over the past 29 years, Albania recorded a fiscal deficit in 29 of those years, while Guinea ran a deficit in 24 years. On average, Albania posted an annual deficit equal to 4.6% of GDP, compared to deficit of 1.68% of GDP for Guinea.

Inflation comparison by year

Inflation
Albania

Guinea
1x
Year Consumer prices inflation
Albania Guinea
2025 2.2% 3.1%
2024 2.2% 4.5%
2023 4.8% 5.4%
2022 6.7% 10.5%
2021 2% 12.6%
2020 1.6% 10.6%
2019 1.4% 9.5%
2018 2% 9.8%
2017 2% 8.9%
2016 1.3% 8.2%
2015 1.9% 8.2%
2014 1.6% 9.7%
2013 1.9% 11.9%
2012 2% 15.2%
2011 3.4% 21.4%
2010 3.6% 15.5%
2009 2.2% 4.7%
2008 3.3% 18.4%
2007 3% 22.9%
2006 2.4% 34.7%
2005 2.4% 31.4%
2004 2.9% 17.5%
2003 2.4% 11%
2002 5.2% 3%
2001 3.1% 5.4%
2000 0% 6.8%
1999 0.4% 4.6%
1998 20.6% 5.1%
1997 33.2% 1.9%

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

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

Over the past 29 years, Albania has recorded an average annual inflation rate of 4.2%, compared with 11.5% in Guinea. In 2025, inflation was 2.2% in Albania and 3.1% in Guinea.

Top exports between countries

Albania
Export category Export value
Metals $197K
Textiles & consumer goods $51K
Raw materials & minerals $5K
Processed food, beverages & tobacco $3K
Guinea
Export category Export value

Balance of trade

Albania Guinea
Current account balance
-$161M
2025
-$392M
2024
Current account balance ranking
86/190
2025
101/190
2024
Current account balance, % of GDP
-0.53%
2025
-1.57%
2024
Goods imports
$8.52B
2025
$7.08B
2024
Goods exports
$1.76B
2025
$11.6B
2024
Service imports
$4.55B
2025
$3.15B
2024
Service exports
$9.66B
2025
$71.2M
2024
Imports of goods and services, % of GDP
42.5%
2025
62.3%
2025
Exports of goods and services, % of GDP
37%
2025
41.4%
2025

Economic freedom indices

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

Albania Guinea
Economic freedom 68 53.1
Economic freedom ranking 50/197 141/197
Property rights 57.6 21.3
Government integrity 41.9 26.7
Judicial effectiveness 59.9 26
Tax burden 89.3 70.1
Government spending 74.3 90.1
Fiscal health 88 74.8
Business freedom 76.6 44.8
Labor freedom 46.2 56.4
Monetary freedom 78.6 75.3
Trade freedom 83 61.8
Investment freedom 60 50
Financial freedom 60 40

Economic freedom comparison by year

Albania
Guinea
1x
Year Economic freedom index
Albania Guinea
2026 68 53.1
2025 66.6 54.6
2024 64.8 53.3
2023 65.3 53.2
2022 66.6 54.2
2021 65.2 56.5
2020 66.9 56.5
2019 66.5 55.7
2018 64.5 52.2
2017 64.4 47.6
2016 65.9 53.3
2015 65.7 52.1
2014 66.9 53.5
2013 65.2 51.2
2012 65.1 50.8
2011 64 51.7
2010 66 51.8
2009 63.7 51
2008 62.4 52.8
2007 61.4 54.5
2006 60.3 52.8
2005 57.8 57.4
2004 58.5 56.1
2003 56.8 54.6
2002 56.8 52.9
2001 56.6 58.4
2000 53.6 58.2
1999 53.4 59.4
1998 53.9 61
1997 54.8 52.9
1996 53.8 58.5
1995 49.7 59.4

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

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

The Economic Freedom Index for Albania is 68, ranking 50/197, compared to 53.1 for Guinea, ranking 141/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Albania Guinea
Services, % of GDP
49.7%
2025
35.7%
2025
Industry, % of GDP
21.8%
2025
25.4%
2025
Agriculture, forestry, and fishing, % of GDP
14.8%
2025
31.3%
2025
GNI, Atlas method
$28.3B
2025
$26.2B
2025
GNI per capita, PPP
$28,170
2025
$4,730
2025
Total reserves including gold
$8.6B
2025
$1.35B
2024
Total reserves ranking
86/177
2025
137/177
2024
Net foreign direct investment
-$1.51B
2025
-$1.4B
2024
Net inflows of foreign direct investment
$1.71B
2024
$1.4B
2024
Net outflows of foreign direct investment
$261M
2024
$30K
2024
Servicing debt to the IMF, % of GNI
3.25%
2024
1.94%
2024
Poverty at national poverty lines
19.7%
2022
47%
2020
Gross capital formation, % of GDP
25%
2024
37%
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/guinea | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1970–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08)
  3. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08)
  4. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  5. TradeMap (2021–2024, retrieved 2026-07-08)
  6. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  7. LivingCost (2026, retrieved 2026-07-08)
  8. Central Intelligence Agency (CIA) (2020, 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.