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Economy of Albania vs Lebanon compared: GDP & Debt

Updated on by Georank

Albania has a GDP of $30.5B compared to $26B for Lebanon, ranking 113/197 and 121/197 by economy size, respectively.

Albania has $16.1B in government debt (52.6% of GDP), compared to $41B (139.4% of GDP) in Lebanon.

Albania vs Lebanon GDP by year

Albania
Lebanon
1x
Year GDP, current $
Albania Lebanon
2025 $30,540,188,271 -
2024 $27,037,474,263 $25,971,643,441
2023 $23,491,242,727 $20,078,620,357
2022 $19,017,247,014 $20,992,421,949
2021 $18,031,989,573 $23,131,941,557
2020 $15,241,458,745 $31,712,128,254
2019 $15,585,111,614 $51,605,959,131
2018 $15,379,508,330 $54,901,519,156
2017 $13,258,268,436 $53,027,680,686
2016 $11,988,668,785 $51,147,308,774
2015 $11,470,171,827 $49,929,337,837
2014 $13,296,322,588 $48,095,213,747
2013 $12,796,985,886 $46,880,103,081
2012 $12,246,499,748 $44,016,799,516
2011 $12,973,755,875 $39,927,125,962
2010 $12,086,545,641 $38,443,907,042
2009 $12,335,540,656 $35,399,582,929
2008 $13,258,506,375 $29,118,916,105
2007 $11,116,937,870 $24,827,355,015
2006 $9,150,528,132 $22,022,709,851
2005 $8,256,658,250 $21,497,336,499
2004 $7,406,645,793 $21,159,827,992
2003 $5,801,712,040 $20,082,918,740
2002 $4,515,003,117 $19,152,238,806
2001 $4,059,064,033 $17,649,751,244
2000 $3,584,570,165 $17,260,364,842
1999 $3,283,941,510 $17,391,056,369
1998 $2,600,356,999 $17,247,179,006
1997 $2,293,666,030 $15,751,867,489
1996 $3,234,486,232 $13,690,217,334
1995 $2,905,092,799 $11,718,795,529
1994 $1,880,950,864 $9,599,127,050
1993 $1,185,315,468 $7,941,744,492
1992 $652,174,991 $5,843,579,161
1991 $1,099,559,028 $4,690,415,093
1990 $2,028,553,750 $2,838,485,354
1989 $2,253,090,000 $2,717,998,688
1988 $2,051,236,250 $3,313,540,068
1987 $2,080,796,250 -
1986 $2,097,326,250 -
1985 $1,897,050,117 -
1984 $1,857,337,995 -
1983 $1,881,412,587 -
1982 $1,861,163,170 -
1981 $1,808,177,156 -
1980 $1,578,102,105 -

Data sources: World Bank | Economy & Growth (1980–2025, retrieved 2026-07-08).

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

GDP per capita in Albania vs Lebanon by year

Albania
GDP per capita

GDP per capita, PPP
Lebanon
GDP per capita

GDP per capita, PPP
1x
Year Current $
Albania Lebanon
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $12,998 - - -
2024 $11,374 $26,702 $4,473 -
2023 $9,741 $24,822 $3,478 $12,575
2022 $7,757 $22,138 $3,654 $12,293
2021 $7,242 $18,213 $4,045 $11,600
2020 $6,028 $16,288 $5,561 $16,260
2019 $6,069 $16,442 $8,906 $21,710
2018 $5,898 $15,055 $9,175 $21,985
2017 $5,006 $14,111 $8,608 $20,964
2016 $4,458 $13,056 $8,089 $18,941
2015 $4,200 $12,387 $7,714 $17,046
2014 $4,794 $11,788 $7,578 $16,140
2013 $4,543 $10,882 $8,162 $16,316
2012 $4,281 $10,609 $8,407 $16,121
2011 $4,466 $10,273 $7,835 $14,975
2010 $4,149 $9,755 $7,626 $14,704
2009 $4,214 $9,031 $7,091 $13,586
2008 $4,499 $8,469 $5,912 $12,416
2007 $3,743 $7,585 $5,125 $11,356
2006 $3,058 $6,753 $4,635 $10,312
2005 $2,742 $6,014 $4,602 $10,020
2004 $2,447 $5,595 $4,601 $9,609
2003 $1,909 $5,169 $4,438 $8,914
2002 $1,480 $4,840 $4,291 $8,586
2001 $1,326 $4,451 $4,010 $8,289
2000 $1,160 $3,978 $3,987 $7,938
1999 $1,056 $3,549 $4,087 $7,793
1998 $831 $3,086 $4,125 $7,861
1997 $729 $2,760 $3,834 $7,632
1996 $1,021 $3,054 $3,393 $7,560
1995 $911 $2,777 $2,959 $6,796
1994 $586 $2,385 $2,468 $6,367
1993 $367 $2,143 $2,079 $5,871
1992 $200.9 $1,899 $1,559 $5,279
1991 $337 $1,989 $1,278 $4,527
1990 $617 $2,656 $790 $2,990
1989 $698 - $771 -
1988 $653 - $959 -
1987 $675 - - -
1986 $694 - - -
1985 $640 - - -
1984 $639 - - -
1983 $662 - - -
1982 $668 - - -
1981 $663 - - -
1980 $591 - - -

Data sources: World Bank | Economy & Growth (1980–2025, retrieved 2026-07-08).

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

Albania's GDP per capita is $12,998, ranking 79/197, compared to $4,473 in Lebanon, ranking 129/197. Adjusted for purchasing power (GDP per capita PPP), Albania ranks 79th at $26,702, while Lebanon ranks 123rd at $12,575.

Economic indicators

Albania Lebanon
Gross domestic product
$30.5B
2025
$26B
2024
GDP rank
113/197
2025
121/197
2024
GDP growth
3.79%
2024-2025
-7.08%
2023-2024
GDP per capita
$12,998
2025
$4,473
2024
GDP per capita rank
79/197
2025
129/197
2024
GDP per capita, PPP
$26,702
2024
$12,575
2023
GDP per capita PPP rank
79/197
2024
123/197
2023
Government debt
$16.1B
2025
$41B
2024
Debt-to-GDP ratio
52.6%
2025
139.4%
2025
Government debt per person
$6,837
2025
$7,061
2024
Government debt per person rank
72/185
2025
71/185
2024
Average annual personal income after taxes
$9,481
2026
$3,055
2026
Market capitalization of domestic companies n/a
$10.6B
2021
Number of billionaires
1
2026
6
2026
Income share by richest 10%
22.8%
2020
25.6%
2022
Income share by poorest 10%
3.4%
2020
2.8%
2022
Government expenditure, % of GDP
30.1%
2025
15.5%
2025
Consumer prices inflation
2.2%
2024-2025
14.6%
2024-2025
Central bank interest rate
2.5%
2025
20%
2023
Unemployment rate
8.43%
2024
11.3%
2019
Population
2332078
5921719

Spending and national debt comparison by year

Albania
Spending

Debt
Lebanon
Spending

Debt
1x
Year % of GDP
Albania Lebanon
Government spending Government debt Government spending Government debt
2025 30.1% 52.6% 15.5% 139.4%
2024 28.9% 54.5% 15.3% 157.9%
2023 28.5% 58% 14.3% 185.8%
2022 30.3% 64.7% 12.9% 235.9%
2021 31.9% 74.8% 10.5% 346%
2020 32.4% 75.4% 24.5% 157.2%
2019 28.7% 66.6% 31.3% 171.9%
2018 28.7% 68.5% 32.1% 154%
2017 29.2% 71.9% 30.7% 150.4%
2016 29.1% 73.3% 28.6% 147.9%
2015 30.8% 73.7% 26.7% 140.9%
2014 31.7% 72% 28.9% 138.5%
2013 29.2% 70.4% 28.9% 135.4%
2012 28.2% 62.1% 30.2% 131.1%
2011 28.9% 59.4% 28.8% 134.4%
2010 29.4% 57.7% 29.2% 136.8%
2009 32.7% 59.7% 32.1% 144.5%
2008 31.7% 55.1% 34.3% 161.5%
2007 29.3% 53.6% 35.2% 169.3%
2006 29.2% 56.7% 36.1% 183.3%
2005 28.9% 58.2% 31.4% 178.9%
2004 30.2% 57.5% 33.3% 169.5%
2003 29.7% 60.2% 36.4% 171.3%
2002 31.5% 64.1% 36.8% 163.1%
2001 32.7% 60.6% 38.9% 163.1%
2000 33.8% 63.8% 42.8% 148.1%
1999 37.1% 68.2% 35.6% 130.2%
1998 36.8% 71.2% 34.7% 108.2%
1997 30.3% 72.2% 40.5% 100.2%
1996 - - 43.6% 101.2%
1995 - - 31.1% 79.6%
1994 - - 47.3% 71.5%
1993 - - 23% 50.5%
1992 - - 36.1% 51.7%
1991 - - 35.6% 67.1%
1990 - - 40% 99.7%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1990–1999, retrieved 2026-07-08).

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

In 2025, Albania's government spending was $9.19B, accounting for 30.1% of its GDP, while Lebanon spent $3.98B, or 15.5% of GDP.

Debt-to-GDP ratio is 52.6% in Albania and 139.4% in Lebanon, ranking 96/185 and 8/185, respectively.

Government deficit by year

Deficit/surplus
Albania

Lebanon
1x
Year Deficit/surplus, % of GDP
Albania Lebanon
2025 -1.75% 3.25%
2024 -0.72% 0.39%
2023 -1.32% -1.64%
2022 -3.64% -7.49%
2021 -4.57% -2.57%
2020 -6.67% -7.79%
2019 -1.84% -10.5%
2018 -1.58% -11.2%
2017 -1.41% -8.68%
2016 -1.5% -8.98%
2015 -4.32% -7.49%
2014 -5.46% -6.22%
2013 -5.22% -8.83%
2012 -3.44% -8.43%
2011 -3.52% -5.94%
2010 -3.52% -7.47%
2009 -6.59% -8.1%
2008 -4.88% -9.86%
2007 -3.18% -10.9%
2006 -3.26% -10.6%
2005 -3.46% -8.57%
2004 -5.16% -9.83%
2003 -5.01% -14%
2002 -6.21% -16.2%
2001 -6.84% -21%
2000 -7.77% -23.9%
1999 -8.84% -16.7%
1998 -9.93% -17.3%
1997 -11.9% -24.5%
1996 - -25.7%
1995 - -13.6%
1994 - -29.1%
1993 - -7.19%
1992 - -24%
1991 - -19.5%
1990 - -30.2%

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

GeoRank.org/economy/albania/lebanon | 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 Lebanon's surplus of $102M, or 0.39% of GDP.

Over the past 28 years, Albania recorded a fiscal deficit in 28 of those years, while Lebanon ran a deficit in 27 years. On average, Albania posted an annual deficit equal to 4.71% of GDP, compared to deficit of 10.5% of GDP for Lebanon.

Inflation comparison by year

Inflation
Albania

Lebanon
1x
Year Consumer prices inflation
Albania Lebanon
2025 2.2% 14.6%
2024 2.2% 45.2%
2023 4.8% 221.3%
2022 6.7% 171.2%
2021 2% 154.8%
2020 1.6% 84.9%
2019 1.4% 2.9%
2018 2% 6.1%
2017 2% 4.4%
2016 1.3% -0.8%
2015 1.9% -3.7%
2014 1.6% 1.9%
2013 1.9% 4.8%
2012 2% 6.6%
2011 3.4% 5%
2010 3.6% 4%
2009 2.2% 1.2%
2008 3.3% 10.7%
2007 3% 4.1%
2006 2.4% 4.1%
2005 2.4% -1.4%
2004 2.9% 1.7%
2003 2.4% 1.3%
2002 5.2% 1.8%
2001 3.1% -0.4%
2000 0% -0.4%
1999 0.4% 0.2%
1998 20.6% 4.5%
1997 33.2% 7.7%

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

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

Over the past 29 years, Albania has recorded an average annual inflation rate of 4.2%, compared with 26.1% in Lebanon. In 2025, inflation was 2.2% in Albania and 14.6% in Lebanon.

Top exports between countries

Albania
Export category Export value
Raw materials & minerals $426K
Metals $283K
Chemicals & pharma $137K
Animal & marine products $41K
Processed food, beverages & tobacco $36K
Raw agricultural goods $3K
Textiles & consumer goods $2K
Lebanon
Export category Export value
Metals $1.28M
Machinery & equipment $177K
Chemicals & pharma $170K
Textiles & consumer goods $107K
Processed food, beverages & tobacco $97K
Wood & paper products $9K
Miscellaneous $4K

Balance of trade

Albania Lebanon
Current account balance
-$161M
2025
-$5.64B
2023
Current account balance ranking
86/190
2025
166/190
2023
Current account balance, % of GDP
-0.53%
2025
-28.1%
2023
Goods imports
$8.52B
2025
$16.7B
2023
Goods exports
$1.76B
2025
$3.85B
2023
Service imports
$4.55B
2025
$6.63B
2023
Service exports
$9.66B
2025
$7.92B
2023
Imports of goods and services, % of GDP
42.5%
2025
58.9%
2024
Exports of goods and services, % of GDP
37%
2025
23.3%
2024

Economic freedom indices

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

Albania Lebanon
Economic freedom 68 43.1
Economic freedom ranking 50/197 183/197
Property rights 57.6 21.8
Government integrity 41.9 23.4
Judicial effectiveness 59.9 23.8
Tax burden 89.3 90.3
Government spending 74.3 93.3
Fiscal health 88 63.4
Business freedom 76.6 47.6
Labor freedom 46.2 48.4
Monetary freedom 78.6 0
Trade freedom 83 65.6
Investment freedom 60 20
Financial freedom 60 20

Economic freedom comparison by year

Albania
Lebanon
1x
Year Economic freedom index
Albania Lebanon
2026 68 43.1
2025 66.6 44.1
2024 64.8 48.3
2023 65.3 45.6
2022 66.6 47.3
2021 65.2 51.4
2020 66.9 51.7
2019 66.5 51.1
2018 64.5 53.2
2017 64.4 53.3
2016 65.9 59.5
2015 65.7 59.3
2014 66.9 59.4
2013 65.2 59.5
2012 65.1 60.1
2011 64 60.1
2010 66 59.5
2009 63.7 58.1
2008 62.4 60
2007 61.4 60.4
2006 60.3 57.5
2005 57.8 57.2
2004 58.5 56.9
2003 56.8 56.7
2002 56.8 57.1
2001 56.6 61
2000 53.6 56.1
1999 53.4 59.1
1998 53.9 59
1997 54.8 63.9
1996 53.8 63.2
1995 49.7 -

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

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

The Economic Freedom Index for Albania is 68, ranking 50/197, compared to 43.1 for Lebanon, ranking 183/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Albania Lebanon
Services, % of GDP
49.7%
2025
35.7%
2024
Industry, % of GDP
21.8%
2025
2.63%
2024
Agriculture, forestry, and fishing, % of GDP
14.8%
2025
1.05%
2024
GNI, Atlas method
$28.3B
2025
$20.7B
2024
GNI per capita, PPP
$28,170
2025
$11,790
2024
Total reserves including gold
$8.6B
2025
$33.3B
2024
Total reserves ranking
86/177
2025
56/177
2024
Net foreign direct investment
-$1.51B
2025
-$583M
2023
Net inflows of foreign direct investment
$1.71B
2024
$1.84B
2024
Net outflows of foreign direct investment
$261M
2024
$391M
2024
Servicing debt to the IMF, % of GNI
3.25%
2024
9.68%
2024
Poverty at national poverty lines
19.7%
2022
27.4%
2012
Gross capital formation, % of GDP
25%
2024
1.44%
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/lebanon | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1980–2025, 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. International Monetary Fund (IMF) | Public Finances in Modern History (1990–1999, 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.