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Economy of Albania vs Malaysia compared: GDP & Debt

Updated on by Georank team

Albania has a GDP of $27B compared to $422B for Malaysia, ranking 112/197 and 38/197 by economy size, respectively.

Albania has $15.2B in government debt (56% of GDP), compared to $296B (70.1% of GDP) in Malaysia.

Albania vs Malaysia GDP by year

Albania
Malaysia
1x
Year GDP, current $
Albania Malaysia
2024 $27,046,429,297 $422,227,005,429
2023 $23,491,242,727 $399,949,418,753
2022 $19,017,247,014 $407,830,525,990
2021 $18,031,989,573 $373,784,553,030
2020 $15,241,458,745 $337,456,163,961
2019 $15,585,111,614 $365,177,721,022
2018 $15,379,508,330 $358,788,845,713
2017 $13,258,268,436 $319,109,094,160
2016 $11,988,668,785 $301,256,033,870
2015 $11,470,171,827 $301,355,266,965
2014 $13,296,322,588 $338,066,095,097
2013 $12,796,985,886 $323,276,235,524
2012 $12,246,499,748 $314,443,047,642
2011 $12,973,755,875 $297,951,668,675
2010 $12,086,545,641 $255,017,638,456
2009 $12,335,540,656 $202,257,453,037
2008 $13,258,506,375 $230,811,614,370
2007 $11,116,937,870 $193,549,569,478
2006 $9,150,528,132 $162,692,258,307
2005 $8,256,658,250 $143,534,405,819
2004 $7,406,645,793 $124,749,473,684
2003 $5,801,712,040 $110,202,368,421
2002 $4,515,003,117 $100,845,526,316
2001 $4,059,064,033 $92,783,947,368
2000 $3,584,570,165 $93,789,736,842
1999 $3,283,941,510 $79,148,421,053
1998 $2,600,356,999 $72,167,498,981
1997 $2,293,666,030 $100,005,323,302
1996 $3,234,486,232 $100,855,393,910
1995 $2,905,092,799 $88,705,342,903
1994 $1,880,950,864 $74,478,356,958
1993 $1,185,315,468 $66,894,966,969
1992 $652,174,991 $59,167,550,163
1991 $1,099,559,028 $49,143,148,094
1990 $2,028,553,750 $44,024,585,240
1989 $2,253,090,000 $38,847,965,293
1988 $2,051,236,250 $35,272,109,220
1987 $2,080,796,250 $32,181,210,158
1986 $2,097,326,250 $27,734,111,400
1985 $1,897,050,117 $31,199,633,353
1984 $1,857,337,995 $33,942,897,422
1983 $1,881,412,587 $30,347,442,111
1982 $1,861,163,170 $26,804,493,635
1981 $1,808,177,156 $25,004,285,792
1980 $1,578,102,105 $24,488,224,677
1979 - $21,213,264,962
1978 - $16,358,079,862
1977 - $13,139,488,633
1976 - $11,050,234,599
1975 - $9,298,800,799
1974 - $9,496,204,302
1973 - $7,662,902,678
1972 - $5,043,347,250
1971 - $4,244,395,956
1970 - $3,864,145,667
1969 - $3,664,552,041
1968 - $3,330,371,551
1967 - $3,188,924,677
1966 - $3,143,517,944
1965 - $2,956,337,669
1964 - $2,674,423,922
1963 - $2,510,110,348
1962 - $2,001,489,602
1961 - $1,901,856,123
1960 - $1,916,229,477

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

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

GDP per capita in Albania vs Malaysia by year

Albania
GDP per capita

GDP per capita, PPP
Malaysia
GDP per capita

GDP per capita, PPP
1x
Year Current $
Albania Malaysia
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $11,378 $26,702 $11,874 $38,779
2023 $9,731 $24,822 $11,386 $36,467
2022 $7,757 $22,138 $11,755 $34,420
2021 $7,242 $18,213 $10,903 $29,823
2020 $6,028 $16,288 $9,958 $27,475
2019 $6,069 $16,442 $10,920 $28,934
2018 $5,898 $15,055 $10,902 $27,794
2017 $5,006 $14,111 $9,863 $26,416
2016 $4,458 $13,056 $9,477 $25,286
2015 $4,200 $12,387 $9,649 $24,526
2014 $4,794 $11,788 $11,013 $24,307
2013 $4,543 $10,882 $10,714 $23,161
2012 $4,281 $10,609 $10,601 $22,639
2011 $4,466 $10,273 $10,217 $21,324
2010 $4,149 $9,755 $8,899 $20,193
2009 $4,214 $9,031 $7,191 $18,923
2008 $4,499 $8,469 $8,372 $19,480
2007 $3,743 $7,585 $7,169 $18,617
2006 $3,058 $6,753 $6,158 $17,426
2005 $2,742 $6,014 $5,556 $16,371
2004 $2,447 $5,595 $4,939 $15,416
2003 $1,909 $5,169 $4,465 $14,387
2002 $1,480 $4,840 $4,184 $13,656
2001 $1,326 $4,451 $3,944 $13,072
2000 $1,160 $3,978 $4,084 $13,027
1999 $1,056 $3,549 $3,528 $11,980
1998 $831 $3,086 $3,294 $11,398
1997 $729 $2,760 $4,679 $12,469
1996 $1,021 $3,054 $4,837 $11,709
1995 $911 $2,777 $4,363 $10,720
1994 $586 $2,385 $3,758 $9,806
1993 $367 $2,143 $3,462 $9,018
1992 $200.9 $1,899 $3,141 $8,224
1991 $337 $1,989 $2,679 $7,583
1990 $617 $2,656 $2,469 $6,887
1989 $698 - $2,244 -
1988 $653 - $2,100 -
1987 $675 - $1,977 -
1986 $694 - $1,760 -
1985 $640 - $2,046 -
1984 $639 - $2,300 -
1983 $662 - $2,124 -
1982 $668 - $1,938 -
1981 $663 - $1,866 -
1980 $591 - $1,886 -
1979 - - $1,680 -
1978 - - $1,327 -
1977 - - $1,092 -
1976 - - $940 -
1975 - - $811 -
1974 - - $848 -
1973 - - $701 -
1972 - - $472 -
1971 - - $407 -
1970 - - $380 -
1969 - - $368 -
1968 - - $342 -
1967 - - $335 -
1966 - - $339 -
1965 - - $326 -
1964 - - $303 -
1963 - - $291.8 -
1962 - - $238.8 -
1961 - - $232.9 -
1960 - - $240.8 -

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

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

Albania's GDP per capita is $11,378, ranking 82/197, compared to $11,874 in Malaysia, ranking 79/197. Adjusted for purchasing power (GDP per capita PPP), Albania ranks 79th at $26,702, while Malaysia ranks 60th at $38,779.

Economic indicators

Albania Malaysia
Gross domestic product
$27B
2024
$422B
2024
GDP rank
112/197
2024
38/197
2024
GDP growth
4.05%
2023-2024
5.11%
2023-2024
GDP per capita
$11,378
2024
$11,874
2024
GDP per capita rank
82/197
2024
79/197
2024
GDP per capita, PPP
$26,702
2024
$38,779
2024
GDP per capita PPP rank
79/197
2024
60/197
2024
Government debt
$15.2B
2024
$296B
2024
Debt-to-GDP ratio
56%
2024
70.1%
2024
Government debt per person
$6,375
2024
$8,322
2024
Government debt per person rank
72/185
2024
62/185
2024
Average annual personal income after taxes
$9,075
2026
$11,005
2026
Market capitalization of domestic companies n/a
$449B
2024
Number of billionaires
1
2025
19
2025
Income share by richest 10%
22.8%
2020
30.9%
2021
Income share by poorest 10%
3.4%
2020
2.3%
2021
Government expenditure, % of GDP
28.9%
2024
23.9%
2024
Consumer prices inflation
2.2%
2023-2024
1.83%
2023-2024
Central bank interest rate
2.5%
2025
2.75%
2025
Unemployment rate
10.7%
2023
3.93%
2022
Population
2342753
36512221

Spending and national debt comparison by year

Albania
Spending

Debt
Malaysia
Spending

Debt
1x
Year % of GDP
Albania Malaysia
Government spending Government debt Government spending Government debt
2024 28.9% 56% 23.9% 70.1%
2023 28.5% 58% 24.9% 69.7%
2022 30.3% 65.2% 24.6% 65.5%
2021 31.9% 74.8% 24.5% 69.2%
2020 32.4% 75.4% 25% 67.7%
2019 28.8% 66.6% 23.6% 57.1%
2018 28.7% 68.5% 22.8% 55.6%
2017 29.2% 71.9% 22% 54.4%
2016 29.1% 73.3% 22.9% 55.8%
2015 30.8% 73.7% 24.7% 57%
2014 31.7% 72% 26% 55.4%
2013 29.2% 70.4% 27.8% 55.7%
2012 28.2% 62.1% 28.5% 53.8%
2011 28.9% 59.4% 27.1% 51.9%
2010 29.4% 57.7% 26.6% 51.2%
2009 32.7% 59.7% 30.9% 50.4%
2008 31.7% 55.1% 26.9% 39.4%
2007 29.3% 53.6% 25.9% 39.3%
2006 29.2% 56.7% 25.6% 39.7%
2005 28.9% 58.2% 24.5% 40.8%
2004 30.2% 57.5% 25.9% 42%
2003 29.7% 60.2% 28.1% 41.4%
2002 31.5% 64.1% 27.1% 39.5%
2001 32.7% 60.6% 28.2% 38.1%
2000 33.8% 63.8% 25.6% 32.5%
1999 37.1% 68.2% 24.6% 34.4%
1998 36.8% 71.2% 23.1% 33.6%
1997 30.3% 72.2% 21.2% 29.6%
1996 - - 22.4% 32.8%
1995 - - 22.6% 38.2%
1994 - - 23.3% 43.7%
1993 - - 24.6% 51.1%
1992 - - 28.2% 59.1%
1991 - - 27.4% 67.3%
1990 - - 30.5% 74.1%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20).

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

In 2024, Albania's government spending was $7.83B, accounting for 28.9% of its GDP, while Malaysia spent $101B, or 23.9% of GDP.

Debt-to-GDP ratio is 56% in Albania and 70.1% in Malaysia, ranking 94/185 and 58/185, respectively.

Government deficit by year

Deficit/surplus
Albania

Malaysia
1x
Year Deficit/surplus, % of GDP
Albania Malaysia
2024 -0.72% -3.95%
2023 -1.32% -3.97%
2022 -3.64% -4.56%
2021 -4.57% -6.03%
2020 -6.67% -4.9%
2019 -1.92% -2.01%
2018 -1.6% -2.64%
2017 -1.41% -2.41%
2016 -1.5% -2.6%
2015 -4.32% -2.55%
2014 -5.46% -2.63%
2013 -5.22% -3.48%
2012 -3.44% -3.1%
2011 -3.52% -3.57%
2010 -3.52% -4.32%
2009 -6.59% -5.88%
2008 -4.88% -3.4%
2007 -3.18% -2.57%
2006 -3.26% -2.6%
2005 -3.46% -2.83%
2004 -5.16% -3.35%
2003 -5.01% -4.6%
2002 -6.21% -3.96%
2001 -6.84% -4.36%
2000 -7.77% -6.05%
1999 -8.84% -3%
1998 -9.93% -0.63%
1997 -11.9% 4.84%
1996 - 3.27%
1995 - 3.1%
1994 - 5.45%
1993 - 3.44%
1992 - 1.81%
1991 - 1.6%
1990 - 0.15%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20).

GeoRank.org/economy/albania/malaysia | 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 Malaysia's deficit of $16.7B, or 3.95% of GDP.

Over the past 28 years, Albania recorded a fiscal deficit in 28 of those years, while Malaysia ran a deficit in 27 years. On average, Albania posted an annual deficit equal to 4.71% of GDP, compared to deficit of 3.25% of GDP for Malaysia.

Inflation comparison by year

Inflation
Albania

Malaysia
1x
Year Consumer prices inflation
Albania Malaysia
2024 2.2% 1.83%
2023 4.8% 2.49%
2022 6.7% 3.38%
2021 2% 2.48%
2020 1.6% -1.14%
2019 1.4% 0.66%
2018 2% 0.88%
2017 2% 3.87%
2016 1.3% 2.09%
2015 1.9% 2.1%
2014 1.6% 3.14%
2013 1.9% 2.11%
2012 2% 1.66%
2011 3.4% 3.17%
2010 3.6% 1.62%
2009 2.2% 0.58%
2008 3.3% 5.44%
2007 3% 2.03%
2006 2.4% 3.61%
2005 2.4% 2.98%
2004 2.9% 1.42%
2003 2.4% 1.09%
2002 5.2% 1.81%
2001 3.1% 1.42%
2000 0% 1.53%
1999 0.4% 2.74%
1998 20.6% 5.27%
1997 33.2% 2.66%

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/malaysia | CC BY

Over the past 28 years, Albania has recorded an average annual inflation rate of 4.27%, compared with 2.25% in Malaysia. In 2024, inflation was 2.2% in Albania and 1.83% in Malaysia.

Top exports between countries

Albania
Export category Export value
Raw materials & minerals $18.3M
Metals $530K
Processed food, beverages & tobacco $219K
Transport & tourism services $112K
Raw agricultural goods $109K
Machinery & equipment $62K
Chemicals & pharma $31K
Textiles & consumer goods $25K
Malaysia
Export category Export value
Metals $18M
Processed food, beverages & tobacco $1.24M
Machinery & equipment $1M
Chemicals & pharma $586K
Raw materials & minerals $444K
Textiles & consumer goods $126K
Wood & paper products $101K
Miscellaneous $8K
Precious metals & jewellery $1K

Balance of trade

Albania Malaysia
Current account balance
-$648M
2024
$7.15B
2024
Current account balance ranking
112/190
2024
26/190
2024
Current account balance, % of GDP
-2.4%
2024
+1.69%
2024
Goods imports
$7.87B
2024
$223B
2024
Goods exports
$1.82B
2024
$248B
2024
Service imports
$3.83B
2024
$56.4B
2024
Service exports
$8.03B
2024
$53.4B
2024
Imports of goods and services, % of GDP
43.2%
2024
66%
2024
Exports of goods and services, % of GDP
36.3%
2024
71.3%
2024

Economic freedom indices

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

Albania Malaysia
Economic freedom 68 68
Economic freedom ranking 50/197 51/197
Property rights 57.6 62.7
Government integrity 41.9 52.9
Judicial effectiveness 59.9 63.4
Tax burden 89.3 83.5
Government spending 74.3 82
Fiscal health 88 62.5
Business freedom 76.6 79.6
Labor freedom 46.2 55.4
Monetary freedom 78.6 80.8
Trade freedom 83 83
Investment freedom 60 60
Financial freedom 60 50

Economic freedom comparison by year

Albania
Malaysia
1x
Year Economic freedom index
Albania Malaysia
2026 68 68
2025 66.6 67.1
2024 64.8 65.7
2023 65.3 67.3
2022 66.6 68.1
2021 65.2 74.4
2020 66.9 74.7
2019 66.5 74
2018 64.5 74.5
2017 64.4 73.8
2016 65.9 71.5
2015 65.7 70.8
2014 66.9 69.6
2013 65.2 66.1
2012 65.1 66.4
2011 64 66.3
2010 66 64.8
2009 63.7 64.6
2008 62.4 63.9
2007 61.4 63.8
2006 60.3 61.6
2005 57.8 61.9
2004 58.5 59.9
2003 56.8 61.1
2002 56.8 60.1
2001 56.6 60.2
2000 53.6 66
1999 53.4 68.9
1998 53.9 68.2
1997 54.8 66.8
1996 53.8 69.9
1995 49.7 71.9

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

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

The Economic Freedom Index for Albania is 68, ranking 50/197, compared to 68 for Malaysia, ranking 51/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Albania Malaysia
Services, % of GDP
48.7%
2024
53.7%
2024
Industry, % of GDP
22.4%
2024
37%
2024
Agriculture, forestry, and fishing, % of GDP
15.5%
2024
8.13%
2024
GNI, Atlas method
$23.6B
2024
$414B
2024
GNI per capita, PPP
$26,500
2024
$37,450
2024
Total reserves including gold
$6.52B
2024
$116B
2024
Total reserves ranking
89/177
2024
24/177
2024
Net foreign direct investment
-$1.45B
2024
-$2.55B
2024
Net inflows of foreign direct investment
$1.71B
2024
$15.6B
2024
Net outflows of foreign direct investment
$261M
2024
$13B
2024
Servicing debt to the IMF, % of GNI
3.25%
2024
n/a
Poverty at national poverty lines
19.7%
2022
5.8%
2023
Gross capital formation, % of GDP
25%
2024
22%
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/malaysia | 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. TradeMap (2019–2024, 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.