Albania vs Monaco: Economic Indicators Comparison

Albania with a GDP of $15.1B ranked the 123rd largest economy in the world, while Monaco ranked 149th with $7.2B. By GDP per capita, Albania and Monaco ranked 107th vs 1st, respectively.

Gross Domestic Product & Income

StatAlbaniaMonaco
GDP$15.1B$7.2B
GDP growth, 1 year4.2%6.1%
GDP growth, 5-years average3.1%N/A
Population3M39k
GDP per capita$5.3k$186k
GDP per capita growth4.4%5.3%
Purchasing Power Parity conversion factor42.57N/A
Price level ratio of PPP conversion factor GDP to market exchange rate0.39N/A
GDP per capita, PPP adjusted$13k$98k
GNI, Atlas method$13.9BN/A
GNI per capita$4.9kN/A
GNI, PPP adjusted$38.3BN/A
GNI per capita, PPP adjusted$13kN/A

Financial system and Human development

StatAlbaniaMonaco
Income Tax Rate23%N/A
Corporate Tax Rate15%N/A
Inflation, consumer prices2%N/A
Inflation, GDP deflator0.9%0.8%
Unemployment13.9%6.3%
Economic Freedom Index66.983
Personal Freedom Index8.078.7
Human Freedom Index7.688.7
Property Rights Index57.1N/A
Judical Effectiveness Index33N/A
Business Freedom Index65.7N/A
Fiscal Health Index86.3N/A
Labor Freedom Index52.1N/A
Investment Freedom Index70N/A
Financial Freedom Index70N/A
Trade Freedom Index88.4N/A
Monetary Freedom Index81.2N/A
Government Spending Index74.6N/A
Tax Burden Index85.9N/A
Government Integrity Index38.8N/A
Corruption Perceptions Index3682
Life expectancy at birth, years78.389.7
Suicide mortality rate, per 100,000 people6.30.2
Mortality caused by road traffic injury, per 100,000 people13.60
Intentional homicides, per 100,000 people2.30
International tourism, number of arrivals5.3M347k

Government debt & reserves

StatAlbaniaMonaco
Central government debt, % of GDP68.6%N/A
External debt stocks, % of GNI67.2%N/A
External debt stocks$10.1BN/A
Short-term debt, % of total reserves55.6%N/A
Total debt service, % of exports and primary income20.7%N/A
Adjusted net savings including particulate emission damage, % of GNI8.2%N/A
Gross savings, % of GDP16.2%N/A
Gross capital formation, % of GDP25%N/A
Total reserves including gold$3.9BN/A
Foreign direct investment net inflows$1.2BN/A

Exports, imports and economic structure

StatAlbaniaMonaco
Exports of goods and services, % of GDP31.7%N/A
Imports of goods and services, % of GDP45.4%N/A
Current account balance (balance of payments)-$1BN/A
Revenue excluding grants, % of GDP25.6%N/A
Grants excluding technical cooperation, BoP$181MN/A
Personal remittances received$1.5BN/A
Industry including construction value added, % of GDP21.3%13.1%
Agriculture, forestry and fishing value added, % of GDP18.4%N/A
Charges for the use of intellectual property, payments BoP$26.4MN/A
Charges for the use of intellectual property, receipts BoP$14.9MN/A
Expense, % of GDP23.3%N/A
Government Expenditure, % of GDP29.1%N/A

Compare with countries close by GDP per capita

Albania vs

CountryGDP
per capita
Population
Turkmenistan
$7k
5.85M
Peru
$6.9k
29.4M
Colombia
$6.7k
49.1M
South Africa
$6.4k
57.7M
Ecuador
$6.3k
16.6M
Belarus
$6.3k
9.41M
Fiji
$6.3k
906k
Suriname
$6.2k
563k
North Macedonia
$6.1k
2.08M
Bosnia and Herzegovina
$6.1k
3.51M
Namibia
$5.9k
2.53M
Iraq
$5.8k
38.3M
Paraguay
$5.8k
6.81M
Iran
$5.6k
80M
Jamaica
$5.4k
2.89M
Guyana
$5k
778k
Belize
$4.9k
375k
Azerbaijan
$4.7k
10M
Georgia
$4.7k
3.72M
Guatemala
$4.5k
17.3M
Tonga
$4.4k
108k
Jordan
$4.2k
10.4M
Armenia
$4.2k
2.93M
Samoa
$4.2k
196k
Eswatini
$4.1k
1.37M
Mongolia
$4.1k
3.08M
Algeria
$4.1k
41.3M
Sri Lanka
$4.1k
21.4M
El Salvador
$4.1k
6.42M
Indonesia
$3.9k
264M

Monaco vs

CountryGDP
per capita
Population
Liechtenstein
$165k
37.9k
Luxembourg
$117k
626k
Switzerland
$83k
8.47M
Norway
$82k
5.37M
Cayman Islands
$81k
58.4k
Ireland
$79k
4.76M
Iceland
$73k
357k
Qatar
$69k
2.64M
Singapore
$65k
5.89M
United States
$63k
325M
Denmark
$61k
5.83M
Australia
$57k
24.5M
Sweden
$55k
10.3M
Netherlands
$53k
17.3M
Austria
$51k
8.81M
Finland
$50k
5.5M
San Marino
$48k
33.4k
Germany
$48k
83.1M
Belgium
$48k
11.4M
Canada
$46k
37.9M
United Arab Emirates
$43k
9.4M
United Kingdom
$43k
66M
Andorra
$42k
76.2k
New Zealand
$42k
4.94M
Israel
$42k
9.09M
France
$41k
66.6M
Japan
$39k
127M
Italy
$34k
60.3M
Kuwait
$34k
4.6M
Bahamas
$32k
395k