Albania vs Italy: Economic Indicators Comparison

Italy with a GDP of $2.1T ranked the 8th largest economy in the world, while Albania ranked 123rd with $15.1B. By GDP 5-years average growth and GDP per capita, Italy and Albania ranked 154th vs 84th and 29th vs 107th, respectively.

Gross Domestic Product & Income

Stat	Albania	Italy
GDP	$15.1B	$2.1T
GDP growth, 1 year	4.2%	0.9%
GDP growth, 5-years average	3.1%	0.9%
Population	3M	60.3M
GDP per capita	$5.3k	$34k
GDP per capita growth	4.4%	0.95%
Purchasing Power Parity conversion factor	42.57	0.7
Price level ratio of PPP conversion factor GDP to market exchange rate	0.39	0.82
GDP per capita, PPP adjusted	$13k	$40k
GNI, Atlas method	$13.9B	$2T
GNI per capita	$4.9k	$34k
GNI, PPP adjusted	$38.3B	$2.6T
GNI per capita, PPP adjusted	$13k	$42k

Financial system and Human development

Stat	Albania	Italy
Income Tax Rate	23%	43%
Corporate Tax Rate	15%	27.5%
Inflation, consumer prices	2%	1.2%
Inflation, GDP deflator	0.9%	0.9%
Unemployment	13.9%	10.2%
Economic Freedom Index	66.9	63.8
Personal Freedom Index	8.07	8.79
Human Freedom Index	7.68	8.01
Property Rights Index	57.1	75.4
Judical Effectiveness Index	33	51.3
Business Freedom Index	65.7	70.4
Fiscal Health Index	86.3	71.1
Labor Freedom Index	52.1	50.9
Investment Freedom Index	70	80
Financial Freedom Index	70	50
Trade Freedom Index	88.4	86.4
Monetary Freedom Index	81.2	83.2
Government Spending Index	74.6	28.5
Tax Burden Index	85.9	56
Government Integrity Index	38.8	62.2
Corruption Perceptions Index	36	52
Life expectancy at birth, years	78.3	83.2
Suicide mortality rate, per 100,000 people	6.3	8.2
Mortality caused by road traffic injury, per 100,000 people	13.6	5.6
Intentional homicides, per 100,000 people	2.3	0.7
International tourism, number of arrivals	5.3M	61.6M

Government debt & reserves

Stat	Albania	Italy
Central government debt, % of GDP	68.6%	132.1%
External debt stocks, % of GNI	67.2%	N/A
External debt stocks	$10.1B	N/A
Short-term debt, % of total reserves	55.6%	N/A
Total debt service, % of exports and primary income	20.7%	N/A
Adjusted net savings including particulate emission damage, % of GNI	8.2%	6%
Gross savings, % of GDP	16.2%	20.8%
Gross capital formation, % of GDP	25%	18.2%
Total reserves including gold	$3.9B	$152.4B
Foreign direct investment net inflows	$1.2B	$39.6B

Exports, imports and economic structure

Stat	Albania	Italy
Exports of goods and services, % of GDP	31.7%	31.5%
Imports of goods and services, % of GDP	45.4%	29%
Current account balance (balance of payments)	-$1B	$53.8B
Revenue excluding grants, % of GDP	25.6%	37.7%
Grants excluding technical cooperation, BoP	$181M	N/A
Personal remittances received	$1.5B	$9.9B
Industry including construction value added, % of GDP	21.3%	21.4%
Agriculture, forestry and fishing value added, % of GDP	18.4%	1.9%
Charges for the use of intellectual property, payments BoP	$26.4M	$5.1B
Charges for the use of intellectual property, receipts BoP	$14.9M	$4.9B
Expense, % of GDP	23.3%	41.3%
Government Expenditure, % of GDP	29.1%	48.8%