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Economy of Albania vs Lesotho compared: GDP & Debt

Updated on by Georank team

Albania has a GDP of $27B compared to $2.27B for Lesotho, ranking 112/197 and 175/197 by economy size, respectively.

Albania has $15.2B in government debt (56% of GDP), compared to $1.29B (56.8% of GDP) in Lesotho.

Albania vs Lesotho GDP by year

Albania
Lesotho
1x
Year GDP, current $
Albania Lesotho
2024 $27,046,429,297 $2,271,759,455
2023 $23,491,242,727 $2,117,962,445
2022 $19,017,247,014 $2,354,980,960
2021 $18,031,989,573 $2,412,130,057
2020 $15,241,458,745 $2,053,699,864
2019 $15,585,111,614 $2,390,702,296
2018 $15,379,508,330 $2,556,247,292
2017 $13,258,268,436 $2,306,741,672
2016 $11,988,668,785 $2,114,426,452
2015 $11,470,171,827 $2,359,686,725
2014 $13,296,322,588 $2,441,063,054
2013 $12,796,985,886 $2,367,112,932
2012 $12,246,499,748 $2,477,702,216
2011 $12,973,755,875 $2,579,409,620
2010 $12,086,545,641 $2,234,754,242
2009 $12,335,540,656 $1,740,894,965
2008 $13,258,506,375 $1,766,902,709
2007 $11,116,937,870 $1,682,131,785
2006 $9,150,528,132 $1,800,092,564
2005 $8,256,658,250 $1,682,343,527
2004 $7,406,645,793 $1,511,236,656
2003 $5,801,712,040 $1,157,825,435
2002 $4,515,003,117 $775,777,239
2001 $4,059,064,033 $825,706,961
2000 $3,584,570,165 $887,291,688
1999 $3,283,941,510 $912,773,681
1998 $2,600,356,999 $928,460,893
1997 $2,293,666,030 $998,004,259
1996 $3,234,486,232 $946,112,493
1995 $2,905,092,799 $1,001,894,000
1994 $1,880,950,864 $878,250,945
1993 $1,185,315,468 $835,582,062
1992 $652,174,991 $831,029,862
1991 $1,099,559,028 $704,325,367
1990 $2,028,553,750 $596,410,264
1989 $2,253,090,000 $495,409,233
1988 $2,051,236,250 $470,395,801
1987 $2,080,796,250 $402,768,324
1986 $2,097,326,250 $318,858,423
1985 $1,897,050,117 $268,629,926
1984 $1,857,337,995 $333,163,670
1983 $1,881,412,587 $386,699,309
1982 $1,861,163,170 $348,741,684
1981 $1,808,177,156 $434,188,034
1980 $1,578,102,105 $431,542,537
1979 - $290,134,593
1978 - $266,570,067
1977 - $193,315,048
1976 - $147,660,037
1975 - $149,558,896
1974 - $150,851,317
1973 - $121,188,716
1972 - $80,913,200
1971 - $76,480,285
1970 - $68,739,973
1969 - $65,967,974
1968 - $61,445,975
1967 - $59,261,976
1966 - $56,699,977
1965 - $54,879,978
1964 - $51,939,979
1963 - $47,039,981
1962 - $41,859,983
1961 - $35,699,986
1960 - $34,579,986

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

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

GDP per capita in Albania vs Lesotho by year

Albania
GDP per capita

GDP per capita, PPP
Lesotho
GDP per capita

GDP per capita, PPP
1x
Year Current $
Albania Lesotho
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $11,378 $26,702 $972 $3,001
2023 $9,731 $24,822 $916 $2,881
2022 $7,757 $22,138 $1,030 $2,761
2021 $7,242 $18,213 $1,067 $2,545
2020 $6,028 $16,288 $919 $2,559
2019 $6,069 $16,442 $1,082 $2,568
2018 $5,898 $15,055 $1,171 $2,632
2017 $5,006 $14,111 $1,069 $2,619
2016 $4,458 $13,056 $992 $2,942
2015 $4,200 $12,387 $1,121 $3,035
2014 $4,794 $11,788 $1,174 $2,771
2013 $4,543 $10,882 $1,151 $2,538
2012 $4,281 $10,609 $1,218 $2,291
2011 $4,466 $10,273 $1,281 $2,279
2010 $4,149 $9,755 $1,119 $2,153
2009 $4,214 $9,031 $879 $2,036
2008 $4,499 $8,469 $898 $2,064
2007 $3,743 $7,585 $861 $1,932
2006 $3,058 $6,753 $925 $1,813
2005 $2,742 $6,014 $861 $1,681
2004 $2,447 $5,595 $767 $1,561
2003 $1,909 $5,169 $583 $1,484
2002 $1,480 $4,840 $389 $1,385
2001 $1,326 $4,451 $413 $1,350
2000 $1,160 $3,978 $443 $1,273
1999 $1,056 $3,549 $456 $1,199
1998 $831 $3,086 $465 $1,179
1997 $729 $2,760 $502 $1,154
1996 $1,021 $3,054 $480 $1,103
1995 $911 $2,777 $513 $1,037
1994 $586 $2,385 $456 $995
1993 $367 $2,143 $439 $932
1992 $200.9 $1,899 $444 $893
1991 $337 $1,989 $382 $830
1990 $617 $2,656 $330 $764
1989 $698 - $279 -
1988 $653 - $270.4 -
1987 $675 - $236.5 -
1986 $694 - $191.4 -
1985 $640 - $165.4 -
1984 $639 - $211 -
1983 $662 - $252 -
1982 $668 - $233.9 -
1981 $663 - $299.8 -
1980 $591 - $307 -
1979 - - $212.4 -
1978 - - $200.8 -
1977 - - $149.9 -
1976 - - $117.8 -
1975 - - $123.2 -
1974 - - $128.7 -
1973 - - $107 -
1972 - - $74 -
1971 - - $72.4 -
1970 - - $67.4 -
1969 - - $67.1 -
1968 - - $64.8 -
1967 - - $64.8 -
1966 - - $64.3 -
1965 - - $64.3 -
1964 - - $62.6 -
1963 - - $58.4 -
1962 - - $53.5 -
1961 - - $47 -
1960 - - $47 -

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

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

Albania's GDP per capita is $11,378, ranking 82/197, compared to $972 in Lesotho, ranking 181/197. Adjusted for purchasing power (GDP per capita PPP), Albania ranks 79th at $26,702, while Lesotho ranks 180th at $3,001.

Economic indicators

Albania Lesotho
Gross domestic product
$27B
2024
$2.27B
2024
GDP rank
112/197
2024
175/197
2024
GDP growth
4.05%
2023-2024
2.85%
2023-2024
GDP per capita
$11,378
2024
$972
2024
GDP per capita rank
82/197
2024
181/197
2024
GDP per capita, PPP
$26,702
2024
$3,001
2024
GDP per capita PPP rank
79/197
2024
180/197
2024
Government debt
$15.2B
2024
$1.29B
2024
Debt-to-GDP ratio
56%
2024
56.8%
2024
Government debt per person
$6,375
2024
$552
2024
Government debt per person rank
72/185
2024
164/185
2024
Average annual personal income after taxes
$9,075
2026
$6,545
2026
Number of billionaires
1
2025
n/a
Income share by richest 10%
22.8%
2020
32.9%
2017
Income share by poorest 10%
3.4%
2020
1.7%
2017
Government expenditure, % of GDP
28.9%
2024
53.5%
2024
Consumer prices inflation
2.2%
2023-2024
6.11%
2023-2024
Central bank interest rate
2.5%
2025
6.5%
2025
Unemployment rate
10.7%
2023
18.7%
2024
Population
2342753
2396633

Spending and national debt comparison by year

Albania
Spending

Debt
Lesotho
Spending

Debt
1x
Year % of GDP
Albania Lesotho
Government spending Government debt Government spending Government debt
2024 28.9% 56% 53.5% 56.8%
2023 28.5% 58% 49.4% 61.5%
2022 30.3% 65.2% 50.8% 64.4%
2021 31.9% 74.8% 53.8% 58%
2020 32.4% 75.4% 54.4% 54.7%
2019 28.8% 66.6% 53.6% 58.2%
2018 28.7% 68.5% 51.9% 48.2%
2017 29.2% 71.9% 50.4% 41%
2016 29.1% 73.3% 54.1% 41.5%
2015 30.8% 73.7% 51.7% 45.8%
2014 31.7% 72% 50.1% 41.5%
2013 29.2% 70.4% 58.4% 41.2%
2012 28.2% 62.1% 58.1% 39.8%
2011 28.9% 59.4% 60.2% 36.2%
2010 29.4% 57.7% 55.3% 33.8%
2009 32.7% 59.7% 66.4% 35.9%
2008 31.7% 55.1% 54.1% 47%
2007 29.3% 53.6% 48.1% 49.6%
2006 29.2% 56.7% 43.2% 43.7%
2005 28.9% 58.2% 37.6% 41%
2004 30.2% 57.5% 36.3% 49.4%
2003 29.7% 60.2% 39.8% 52.6%
2002 31.5% 64.1% 41.2% 79.6%
2001 32.7% 60.6% 41.4% 108.7%
2000 33.8% 63.8% 39.3% 88.5%
1999 37.1% 68.2% 50.8% 83%
1998 36.8% 71.2% 51.4% 79.4%
1997 30.3% 72.2% 44.6% 65.7%
1996 - - 41.5% 71.6%
1995 - - 42.1% 62.8%
1994 - - 40.2% 67%
1993 - - 36% 71.2%
1992 - - 35.3% 64.4%
1991 - - 31.3% 11.9%
1990 - - 32.9% 18%
1989 - - 35.8% 112.5%
1988 - - 35.3% 105.2%
1987 - - 40.3% 97.4%
1986 - - 33.2% 92.5%
1985 - - 32.8% 86.3%
1984 - - 26.8% 57.2%
1983 - - 27.2% 56.7%
1982 - - 29.9% 61.4%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1982–1989, retrieved 2026-02-20).

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

In 2024, Albania's government spending was $7.83B, accounting for 28.9% of its GDP, while Lesotho spent $1.22B, or 53.5% of GDP.

Debt-to-GDP ratio is 56% in Albania and 56.8% in Lesotho, ranking 94/185 and 92/185, respectively.

Government deficit by year

Deficit/surplus
Albania

Lesotho
1x
Year Deficit/surplus, % of GDP
Albania Lesotho
2024 -0.72% 9.04%
2023 -1.32% 7.31%
2022 -3.64% -6.41%
2021 -4.57% -4.95%
2020 -6.67% 1.18%
2019 -1.92% -5.72%
2018 -1.6% -4.41%
2017 -1.41% -2.02%
2016 -1.5% -9.43%
2015 -4.32% -1.38%
2014 -5.46% 3.16%
2013 -5.22% -2.58%
2012 -3.44% 4.56%
2011 -3.52% -9.85%
2010 -3.52% -1.49%
2009 -6.59% -4.16%
2008 -4.88% 8.1%
2007 -3.18% 10.8%
2006 -3.26% 11.6%
2005 -3.46% 4.46%
2004 -5.16% 6.05%
2003 -5.01% 0.89%
2002 -6.21% -2.44%
2001 -6.84% -2.76%
2000 -7.77% -0.95%
1999 -8.84% -15.3%
1998 -9.93% -11.8%
1997 -11.9% 0.27%
1996 - 2.11%
1995 - 5.13%
1994 - 5.69%
1993 - 7.55%
1992 - 4.65%
1991 - 9.74%
1990 - 8.78%
1989 - 3.88%
1988 - -1.87%
1987 - -2.85%
1986 - 0.87%
1985 - 1.68%
1984 - 4.82%
1983 - 1.85%
1982 - -2.03%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1982–1989, retrieved 2026-02-20).

GeoRank.org/economy/albania/lesotho | 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 Lesotho's surplus of $205M, or 9.04% of GDP.

Over the past 28 years, Albania recorded a fiscal deficit in 28 of those years, while Lesotho ran a deficit in 16 years. On average, Albania posted an annual deficit equal to 4.71% of GDP, compared to deficit of 0.65% of GDP for Lesotho.

Inflation comparison by year

Inflation
Albania

Lesotho
1x
Year Consumer prices inflation
Albania Lesotho
2024 2.2% 6.11%
2023 4.8% 6.34%
2022 6.7% 8.27%
2021 2% 6.05%
2020 1.6% 4.98%
2019 1.4% 5.19%
2018 2% 4.75%
2017 2% 4.45%
2016 1.3% 6.6%
2015 1.9% 3.22%
2014 1.6% 5.37%
2013 1.9% 4.87%
2012 2% 6.05%
2011 3.4% 5.04%
2010 3.6% -2.41%
2009 2.2% -16.9%
2008 3.3% 10.7%
2007 3% 8.01%
2006 2.4% 6.07%
2005 2.4% 3.44%
2004 2.9% 5.02%
2003 2.4% 6.63%
2002 5.2% 33.8%
2001 3.1% -9.62%
2000 0% 6.13%
1999 0.4% -
1998 20.6% -
1997 33.2% -

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2024, retrieved 2026-02-20); World Bank | Economy & Growth (2000–2024, retrieved 2026-04-06).

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

Over the past 25 years, Albania has recorded an average annual inflation rate of 2.61%, compared with 5.13% in Lesotho. In 2024, inflation was 2.2% in Albania and 6.11% in Lesotho.

Balance of trade

Albania Lesotho
Current account balance
-$648M
2024
$89.2M
2024
Current account balance ranking
112/190
2024
68/190
2024
Current account balance, % of GDP
-2.4%
2024
+3.93%
2024
Goods imports
$7.87B
2024
$1.67B
2024
Goods exports
$1.82B
2024
$965M
2024
Service imports
$3.83B
2024
$415M
2024
Service exports
$8.03B
2024
$15.4M
2024
Imports of goods and services, % of GDP
43.2%
2024
98.6%
2023
Exports of goods and services, % of GDP
36.3%
2024
42.9%
2023

Economic freedom indices

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

Albania Lesotho
Economic freedom 68 54.9
Economic freedom ranking 50/197 130/197
Property rights 57.6 41.7
Government integrity 41.9 39.6
Judicial effectiveness 59.9 43.6
Tax burden 89.3 76.4
Government spending 74.3 21.3
Fiscal health 88 93.5
Business freedom 76.6 50.6
Labor freedom 46.2 57
Monetary freedom 78.6 74.8
Trade freedom 83 65.4
Investment freedom 60 55
Financial freedom 60 40

Economic freedom comparison by year

Albania
Lesotho
1x
Year Economic freedom index
Albania Lesotho
2026 68 54.9
2025 66.6 54.1
2024 64.8 51.9
2023 65.3 51.6
2022 66.6 48.1
2021 65.2 53.5
2020 66.9 54.5
2019 66.5 53.1
2018 64.5 53.9
2017 64.4 53.9
2016 65.9 50.6
2015 65.7 49.6
2014 66.9 49.5
2013 65.2 47.9
2012 65.1 46.6
2011 64 47.5
2010 66 48.1
2009 63.7 49.7
2008 62.4 52.1
2007 61.4 53.2
2006 60.3 54.7
2005 57.8 53.9
2004 58.5 50.3
2003 56.8 52
2002 56.8 48.9
2001 56.6 50.6
2000 53.6 48.4
1999 53.4 48.2
1998 53.9 48.4
1997 54.8 47.2
1996 53.8 47
1995 49.7 -

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

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

The Economic Freedom Index for Albania is 68, ranking 50/197, compared to 54.9 for Lesotho, ranking 130/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Albania Lesotho
Services, % of GDP
48.7%
2024
48%
2024
Industry, % of GDP
22.4%
2024
30.9%
2024
Agriculture, forestry, and fishing, % of GDP
15.5%
2024
6.5%
2024
GNI, Atlas method
$23.6B
2024
$2.75B
2024
GNI per capita, PPP
$26,500
2024
$3,580
2024
Total reserves including gold
$6.52B
2024
$1.01B
2024
Total reserves ranking
89/177
2024
142/177
2024
Net foreign direct investment
-$1.45B
2024
$12.6M
2024
Net inflows of foreign direct investment
$1.71B
2024
-$12.6M
2024
Net outflows of foreign direct investment
$261M
2024
$0
2024
Servicing debt to the IMF, % of GNI
3.25%
2024
4.06%
2024
Poverty at national poverty lines
19.7%
2022
49.7%
2017
Gross capital formation, % of GDP
25%
2024
27.2%
2023

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/lesotho | 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 (1990–2024, retrieved 2026-02-20)
  3. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
  4. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  5. International Monetary Fund (IMF) | Public Finances in Modern History (1982–1989, retrieved 2026-02-20)
  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.