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Economy of Albania vs Haiti compared: GDP & Debt

Updated on by Georank team

Albania has a GDP of $27B compared to $25.2B for Haiti, ranking 112/197 and 117/197 by economy size, respectively.

Albania has $15.2B in government debt (56% of GDP), compared to $3.91B (15.5% of GDP) in Haiti.

Albania vs Haiti GDP by year

Albania
Haiti
1x
Year GDP, current $
Albania Haiti
2024 $27,046,429,297 $25,224,154,991
2023 $23,491,242,727 $19,850,585,722
2022 $19,017,247,014 $20,253,551,921
2021 $18,031,989,573 $20,944,387,976
2020 $15,241,458,745 $14,508,222,518
2019 $15,585,111,614 $15,016,090,930
2018 $15,379,508,330 $16,403,864,618
2017 $13,258,268,436 $15,093,357,161
2016 $11,988,668,785 $14,069,277,526
2015 $11,470,171,827 $14,849,629,309
2014 $13,296,322,588 $15,146,883,498
2013 $12,796,985,886 $14,902,488,604
2012 $12,246,499,748 $13,708,925,477
2011 $12,973,755,875 $13,008,746,039
2010 $12,086,545,641 $11,859,312,725
2009 $12,335,540,656 $11,597,002,835
2008 $13,258,506,375 $10,432,962,635
2007 $11,116,937,870 $9,228,637,768
2006 $9,150,528,132 $7,638,739,123
2005 $8,256,658,250 $7,030,149,730
2004 $7,406,645,793 $6,087,360,684
2003 $5,801,712,040 $5,071,947,798
2002 $4,515,003,117 $6,205,847,214
2001 $4,059,064,033 $6,331,970,324
2000 $3,584,570,165 $6,813,566,099
1999 $3,283,941,510 $4,153,725,884
1998 $2,600,356,999 $3,723,903,724
1997 $2,293,666,030 $3,338,949,152
1996 $3,234,486,232 $2,907,517,604
1995 $2,905,092,799 $2,813,313,279
1994 $1,880,950,864 $2,167,569,046
1993 $1,185,315,468 $1,878,253,767
1992 $652,174,991 $2,257,129,792
1991 $1,099,559,028 $3,473,562,628
1990 $2,028,553,750 $3,096,289,800
1989 $2,253,090,000 $2,736,243,800
1988 $2,051,236,250 $2,613,926,800
1987 $2,080,796,250 $2,047,200,000
1986 $2,097,326,250 $2,318,000,000
1985 $1,897,050,117 $2,009,400,000
1984 $1,857,337,995 $1,816,200,000
1983 $1,881,412,587 $1,623,600,000
1982 $1,861,163,170 $1,474,200,000
1981 $1,808,177,156 $1,479,400,000
1980 $1,578,102,105 $1,383,800,000
1979 - $1,080,600,000
1978 - $974,200,000
1977 - $947,000,000
1976 - $879,000,000
1975 - $681,400,000
1974 - $565,399,322
1973 - $466,798,973
1972 - $371,998,958
1971 - $362,800,000
1970 - $331,200,000
1969 - $391,820,400
1968 - $367,968,800
1967 - $369,124,200
1966 - $368,948,600
1965 - $353,251,800
1964 - $325,281,200
1963 - $294,883,400
1962 - $281,896,800
1961 - $271,066,000
1960 - $273,187,200

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

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

GDP per capita in Albania vs Haiti by year

Albania
GDP per capita

GDP per capita, PPP
Haiti
GDP per capita

GDP per capita, PPP
1x
Year Current $
Albania Haiti
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $11,378 $26,702 $2,143 $3,194
2023 $9,731 $24,822 $1,706 $3,292
2022 $7,757 $22,138 $1,761 $3,275
2021 $7,242 $18,213 $1,841 $3,145
2020 $6,028 $16,288 $1,290 $3,103
2019 $6,069 $16,442 $1,352 $3,237
2018 $5,898 $15,055 $1,496 $3,197
2017 $5,006 $14,111 $1,395 $3,339
2016 $4,458 $13,056 $1,318 $3,253
2015 $4,200 $12,387 $1,411 $3,026
2014 $4,794 $11,788 $1,460 $3,076
2013 $4,543 $10,882 $1,458 $3,042
2012 $4,281 $10,609 $1,361 $2,830
2011 $4,466 $10,273 $1,312 $2,858
2010 $4,149 $9,755 $1,210 $2,695
2009 $4,214 $9,031 $1,197 $2,855
2008 $4,499 $8,469 $1,095 $2,724
2007 $3,743 $7,585 $985 $2,647
2006 $3,058 $6,753 $829 $2,504
2005 $2,742 $6,014 $776 $2,427
2004 $2,447 $5,595 $683 $2,322
2003 $1,909 $5,169 $579 $2,331
2002 $1,480 $4,840 $721 $2,248
2001 $1,326 $4,451 $749 $2,230
2000 $1,160 $3,978 $821 $2,229
1999 $1,056 $3,549 $510 $2,201
1998 $831 $3,086 $465 $2,152
1997 $729 $2,760 $425 $2,122
1996 $1,021 $3,054 $377 $2,070
1995 $911 $2,777 $372 $1,989
1994 $586 $2,385 $292.1 $1,807
1993 $367 $2,143 $258.1 $2,048
1992 $200.9 $1,899 $316 $2,158
1991 $337 $1,989 $497 $2,273
1990 $617 $2,656 $452 $2,202
1989 $698 - $407 -
1988 $653 - $397 -
1987 $675 - $318 -
1986 $694 - $367 -
1985 $640 - $325 -
1984 $639 - $299.2 -
1983 $662 - $272.8 -
1982 $668 - $252.6 -
1981 $663 - $258.5 -
1980 $591 - $246.5 -
1979 - - $196.2 -
1978 - - $180.3 -
1977 - - $178.7 -
1976 - - $169.1 -
1975 - - $133.6 -
1974 - - $113 -
1973 - - $95.1 -
1972 - - $77.3 -
1971 - - $76.8 -
1970 - - $71.5 -
1969 - - $86.1 -
1968 - - $82.4 -
1967 - - $84.2 -
1966 - - $85.7 -
1965 - - $83.6 -
1964 - - $78.5 -
1963 - - $72.4 -
1962 - - $70.4 -
1961 - - $69 -
1960 - - $70.8 -

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

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

Albania's GDP per capita is $11,378, ranking 82/197, compared to $2,143 in Haiti, ranking 153/197. Adjusted for purchasing power (GDP per capita PPP), Albania ranks 79th at $26,702, while Haiti ranks 177th at $3,194.

Economic indicators

Albania Haiti
Gross domestic product
$27B
2024
$25.2B
2024
GDP rank
112/197
2024
117/197
2024
GDP growth
4.05%
2023-2024
-4.17%
2023-2024
GDP per capita
$11,378
2024
$2,143
2024
GDP per capita rank
82/197
2024
153/197
2024
GDP per capita, PPP
$26,702
2024
$3,194
2024
GDP per capita PPP rank
79/197
2024
177/197
2024
Government debt
$15.2B
2024
$3.91B
2024
Debt-to-GDP ratio
56%
2024
15.5%
2024
Government debt per person
$6,375
2024
$332
2024
Government debt per person rank
72/185
2024
176/185
2024
Average annual personal income after taxes
$9,075
2026
$1,896
2026
Number of billionaires
1
2025
n/a
Income share by richest 10%
22.8%
2020
31.2%
2012
Income share by poorest 10%
3.4%
2020
2.1%
2012
Government expenditure, % of GDP
28.9%
2024
5.25%
2024
Consumer prices inflation
2.2%
2023-2024
26.9%
2023-2024
Central bank interest rate
2.5%
2025
n/a
Unemployment rate
10.7%
2023
14.1%
2012
Population
2342753
12076663

Spending and national debt comparison by year

Albania
Spending

Debt
Haiti
Spending

Debt
1x
Year % of GDP
Albania Haiti
Government spending Government debt Government spending Government debt
2024 28.9% 56% 5.25% 15.5%
2023 28.5% 58% 6.46% 28.5%
2022 30.3% 65.2% 8.33% 29.5%
2021 31.9% 74.8% 9.42% 28.9%
2020 32.4% 75.4% 9.86% 22.3%
2019 28.8% 66.6% 9.59% 26.5%
2018 28.7% 68.5% 11.3% 24.1%
2017 29.2% 71.9% 10.2% 22.5%
2016 29.1% 73.3% 10.5% 24.4%
2015 30.8% 73.7% 12.7% 23.9%
2014 31.7% 72% 14.6% 21.4%
2013 29.2% 70.4% 15.9% 25.1%
2012 28.2% 62.1% 16.4% 24.1%
2011 28.9% 59.4% 14.1% 22.3%
2010 29.4% 57.7% 12.6% 24.9%
2009 32.7% 59.7% 11.6% 19.4%
2008 31.7% 55.1% 11.2% 33.9%
2007 29.3% 53.6% 11.1% 24.4%
2006 29.2% 56.7% 9.67% 32.2%
2005 28.9% 58.2% 8.75% 29.7%
2004 30.2% 57.5% 7.38% 30.4%
2003 29.7% 60.2% 7.83% 37.8%
2002 31.5% 64.1% 6.64% 32%
2001 32.7% 60.6% 6.11% 28.8%
2000 33.8% 63.8% 6.25% 32.5%
1999 37.1% 68.2% 6.91% 24.1%
1998 36.8% 71.2% 5.4% 24%
1997 30.3% 72.2% 5.46% 26.2%
1996 - - - 26.2%
1995 - - - 26.2%
1994 - - - 35.3%
1993 - - - 98%
1992 - - - 118.9%
1991 - - - 80.7%
1990 - - - 85.1%
1989 - - - 98.7%
1988 - - - 90.9%
1987 - - 32.4% 58.6%
1986 - - 15.1% 26.5%
1985 - - 17.4% 25.6%
1984 - - 16.9% 27.3%
1983 - - 21.9% 28.9%
1982 - - 20.7% 25.5%
1981 - - 17.4% 23.7%
1980 - - 17.2% 20.3%
1979 - - 13.1% 19.8%
1978 - - 18.9% 20.1%
1977 - - 16.7% 18.5%
1976 - - 13.4% 14.9%
1975 - - 12.8% 14.2%
1974 - - 9.24% 13.3%
1973 - - 9.4% 8.92%
1972 - - 11.2% 11.1%
1971 - - 11.2% 11%
1970 - - 11.4% 12.5%
1969 - - 10.1% -
1968 - - 10.3% -
1967 - - 7.52% -
1966 - - 7.2% -
1965 - - 7.91% -
1964 - - - -
1963 - - 8.95% -
1962 - - - -
1961 - - - -
1960 - - 7.34% 21.6%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1997–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1996, retrieved 2026-02-20).

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

In 2024, Albania's government spending was $7.83B, accounting for 28.9% of its GDP, while Haiti spent $1.32B, or 5.25% of GDP.

Debt-to-GDP ratio is 56% in Albania and 15.5% in Haiti, ranking 94/185 and 177/185, respectively.

Government deficit by year

Deficit/surplus
Albania

Haiti
1x
Year Deficit/surplus, % of GDP
Albania Haiti
2024 -0.72% 6.96%
2023 -1.32% 0.77%
2022 -3.64% -1.75%
2021 -4.57% -2.45%
2020 -6.67% -1.96%
2019 -1.92% -1.99%
2018 -1.6% -1.13%
2017 -1.41% -0.32%
2016 -1.5% 0.12%
2015 -4.32% -1.47%
2014 -5.46% -3.64%
2013 -5.22% -3.98%
2012 -3.44% -2.71%
2011 -3.52% -1.43%
2010 -3.52% -1.5%
2009 -6.59% -2%
2008 -4.88% -1.8%
2007 -3.18% -1.55%
2006 -3.26% -0.91%
2005 -3.46% -0.83%
2004 -5.16% -1.34%
2003 -5.01% -2.24%
2002 -6.21% -1.8%
2001 -6.84% -1.55%
2000 -7.77% -1.36%
1999 -8.84% -1.54%
1998 -9.93% 0.21%
1997 -11.9% 0.37%
1996 - -
1995 - -
1994 - -
1993 - -
1992 - -
1991 - -
1990 - -
1989 - -
1988 - -
1987 - -4.94%
1986 - -1.4%
1985 - -0.97%
1984 - -3.52%
1983 - -5.72%
1982 - -3.93%
1981 - -4.38%
1980 - -5.68%
1979 - -2.21%
1978 - -3.24%
1977 - -2.85%
1976 - -1.16%
1975 - -1.73%
1974 - 0.23%
1973 - 0.03%
1972 - 0.24%
1971 - -0.08%
1970 - -0.19%
1969 - -0.39%
1968 - -0.46%
1967 - 0%
1966 - 0%
1965 - 0%
1964 - -
1963 - 0%
1962 - -
1961 - -
1960 - 0.006%
1959 - -1.11%
1958 - -2.21%
1957 - 0.28%
1956 - -2.18%
1955 - -0.86%
1954 - -0.81%
1953 - -1.01%
1952 - -
1951 - -
1950 - -
1949 - -0.12%
1948 - 0.21%
1947 - 1.06%
1946 - 0.51%
1945 - 0.47%
1944 - -
1943 - -
1942 - -
1941 - -0.21%
1940 - 0.13%
1939 - -0.16%
1938 - 0.15%
1937 - -0.08%
1936 - -0.06%
1935 - -0.2%
1934 - -1.23%
1933 - 0%
1932 - 0.4%
1931 - -0.49%
1930 - -0.52%
1929 - -0.32%
1928 - -0.25%
1927 - 0.73%
1926 - -0.45%
1925 - 0.05%
1924 - -0.14%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1997–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1924–1987, retrieved 2026-02-20).

GeoRank.org/economy/albania/haiti | 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 Haiti's surplus of $1.76B, or 6.96% of GDP.

Over the past 28 years, Albania recorded a fiscal deficit in 28 of those years, while Haiti ran a deficit in 23 years. On average, Albania posted an annual deficit equal to 4.71% of GDP, compared to deficit of 1.17% of GDP for Haiti.

Inflation comparison by year

Inflation
Albania

Haiti
1x
Year Consumer prices inflation
Albania Haiti
2024 2.2% 26.9%
2023 4.8% 36.8%
2022 6.7% 34%
2021 2% 16.8%
2020 1.6% 22.8%
2019 1.4% 18.7%
2018 2% 12.5%
2017 2% 10.7%
2016 1.3% 11.5%
2015 1.9% 6.73%
2014 1.6% 3.44%
2013 1.9% 4.77%
2012 2% 5.02%
2011 3.4% 6.33%
2010 3.6% 4.83%
2009 2.2% 0.39%
2008 3.3% 15.3%
2007 3% 6.56%
2006 2.4% 11.3%
2005 2.4% 14%
2004 2.9% 21%
2003 2.4% 28.7%
2002 5.2% 7.03%
2001 3.1% 13.3%
2000 0% 9.33%
1999 0.4% 3%
1998 20.6% 5.27%
1997 33.2% 20.6%

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/haiti | CC BY

Over the past 28 years, Albania has recorded an average annual inflation rate of 4.27%, compared with 13.5% in Haiti. In 2024, inflation was 2.2% in Albania and 26.9% in Haiti.

Balance of trade

Albania Haiti
Current account balance
-$648M
2024
-$145M
2024
Current account balance ranking
112/190
2024
92/190
2024
Current account balance, % of GDP
-2.4%
2024
-0.58%
2024
Goods imports
$7.87B
2024
$4.27B
2024
Goods exports
$1.82B
2024
$767M
2024
Service imports
$3.83B
2024
$518M
2024
Service exports
$8.03B
2024
$96.6M
2024
Imports of goods and services, % of GDP
43.2%
2024
18.8%
2024
Exports of goods and services, % of GDP
36.3%
2024
3.4%
2024

Economic freedom indices

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

Albania Haiti
Economic freedom 68 46.1
Economic freedom ranking 50/197 178/197
Property rights 57.6 6.6
Government integrity 41.9 13
Judicial effectiveness 59.9 17.3
Tax burden 89.3 81.7
Government spending 74.3 98.7
Fiscal health 88 99.5
Business freedom 76.6 30.7
Labor freedom 46.2 54.7
Monetary freedom 78.6 45.1
Trade freedom 83 66.4
Investment freedom 60 20
Financial freedom 60 20

Economic freedom comparison by year

Albania
Haiti
1x
Year Economic freedom index
Albania Haiti
2026 68 46.1
2025 66.6 46.1
2024 64.8 48.2
2023 65.3 49.9
2022 66.6 50
2021 65.2 50.8
2020 66.9 52.3
2019 66.5 52.7
2018 64.5 55.8
2017 64.4 49.6
2016 65.9 51.3
2015 65.7 51.3
2014 66.9 48.9
2013 65.2 48.1
2012 65.1 50.7
2011 64 52.1
2010 66 50.8
2009 63.7 50.5
2008 62.4 49
2007 61.4 51.4
2006 60.3 49.2
2005 57.8 48.4
2004 58.5 51.2
2003 56.8 50.6
2002 56.8 47.9
2001 56.6 47.1
2000 53.6 45.7
1999 53.4 45.9
1998 53.9 45.7
1997 54.8 45.8
1996 53.8 41
1995 49.7 43

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

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

The Economic Freedom Index for Albania is 68, ranking 50/197, compared to 46.1 for Haiti, ranking 178/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Albania Haiti
Services, % of GDP
48.7%
2024
48.3%
2024
Industry, % of GDP
22.4%
2024
33.4%
2024
Agriculture, forestry, and fishing, % of GDP
15.5%
2024
15.9%
2024
GNI, Atlas method
$23.6B
2024
$20.7B
2024
GNI per capita, PPP
$26,500
2024
$3,190
2024
Total reserves including gold
$6.52B
2024
$2.72B
2024
Total reserves ranking
89/177
2024
121/177
2024
Net foreign direct investment
-$1.45B
2024
-$20M
2024
Net inflows of foreign direct investment
$1.71B
2024
$20M
2024
Net outflows of foreign direct investment
$261M
2024
$0
2024
Servicing debt to the IMF, % of GNI
3.25%
2024
2.15%
2024
Poverty at national poverty lines
19.7%
2022
58.5%
2012
Gross capital formation, % of GDP
25%
2024
9.94%
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/haiti | 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 (1997–2024, retrieved 2026-02-20)
  3. International Monetary Fund (IMF) | Public Finances in Modern History (1924–1996, 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. 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.