Albania vs Montenegro: Economic Indicators Comparison
Albania with a GDP of $15.1B ranked the 123rd largest economy in the world, while Montenegro ranked 153rd with $5.5B. By GDP 5-years average growth and GDP per capita, Albania and Montenegro ranked 84th vs 67th and 107th vs 81st, respectively.
Gross Domestic Product & Income
Stat | ||
---|---|---|
GDP | $15.1B | $5.5B |
GDP growth, 1 year | 4.2% | 4.5% |
GDP growth, 5-years average | 3.1% | 3.5% |
Population | 3M | 622k |
GDP per capita | $5.3k | $8.8k |
GDP per capita growth | 4.4% | 5.08% |
Purchasing Power Parity conversion factor | 42.57 | 0.36 |
Price level ratio of PPP conversion factor GDP to market exchange rate | 0.39 | 0.43 |
GDP per capita, PPP adjusted | $13k | $19k |
GNI, Atlas method | $13.9B | $5.2B |
GNI per capita | $4.9k | $8.4k |
GNI, PPP adjusted | $38.3B | $13B |
GNI per capita, PPP adjusted | $13k | $21k |
Financial system and Human development
Stat | ||
---|---|---|
Income Tax Rate | 23% | 9% |
Corporate Tax Rate | 15% | 9% |
Inflation, consumer prices | 2% | 2.6% |
Inflation, GDP deflator | 0.9% | 3.2% |
Unemployment | 13.9% | 15.5% |
Economic Freedom Index | 66.9 | 61.5 |
Personal Freedom Index | 8.07 | 8.12 |
Human Freedom Index | 7.68 | 7.67 |
Property Rights Index | 57.1 | 59.1 |
Judical Effectiveness Index | 33 | 55.3 |
Business Freedom Index | 65.7 | 70.8 |
Fiscal Health Index | 86.3 | 23.4 |
Labor Freedom Index | 52.1 | 74.8 |
Investment Freedom Index | 70 | 75 |
Financial Freedom Index | 70 | 50 |
Trade Freedom Index | 88.4 | 83.8 |
Monetary Freedom Index | 81.2 | 80.3 |
Government Spending Index | 74.6 | 32.1 |
Tax Burden Index | 85.9 | 85.4 |
Government Integrity Index | 38.8 | 47.5 |
Corruption Perceptions Index | 36 | 45 |
Life expectancy at birth, years | 78.3 | 76.7 |
Suicide mortality rate, per 100,000 people | 6.3 | 10.3 |
Mortality caused by road traffic injury, per 100,000 people | 13.6 | 10.7 |
Intentional homicides, per 100,000 people | 2.3 | 2.4 |
International tourism, number of arrivals | 5.3M | 2.1M |
Government debt & reserves
Stat | ||
---|---|---|
Central government debt, % of GDP | 68.6% | 72.1% |
External debt stocks, % of GNI | 67.2% | 144.1% |
External debt stocks | $10.1B | $8B |
Short-term debt, % of total reserves | 55.6% | 17.2% |
Total debt service, % of exports and primary income | 20.7% | 63.7% |
Adjusted net savings including particulate emission damage, % of GNI | 8.2% | N/A |
Gross savings, % of GDP | 16.2% | 14.9% |
Gross capital formation, % of GDP | 25% | 31.9% |
Total reserves including gold | $3.9B | $1.2B |
Foreign direct investment net inflows | $1.2B | $485.7M |
Exports, imports and economic structure
Stat | ||
---|---|---|
Exports of goods and services, % of GDP | 31.7% | 42.9% |
Imports of goods and services, % of GDP | 45.4% | 66.7% |
Current account balance (balance of payments) | -$1B | -$943M |
Revenue excluding grants, % of GDP | 25.6% | N/A |
Grants excluding technical cooperation, BoP | $181M | $57.7M |
Personal remittances received | $1.5B | $588.9M |
Industry including construction value added, % of GDP | 21.3% | 15.9% |
Agriculture, forestry and fishing value added, % of GDP | 18.4% | 6.7% |
Charges for the use of intellectual property, payments BoP | $26.4M | $6M |
Charges for the use of intellectual property, receipts BoP | $14.9M | $432k |
Expense, % of GDP | 23.3% | N/A |
Government Expenditure, % of GDP | 29.1% | 47.6% |