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

StatAlbaniaMontenegro
GDP$15.1B$5.5B
GDP growth, 1 year4.2%4.5%
GDP growth, 5-years average3.1%3.5%
Population3M622k
GDP per capita$5.3k$8.8k
GDP per capita growth4.4%5.08%
Purchasing Power Parity conversion factor42.570.36
Price level ratio of PPP conversion factor GDP to market exchange rate0.390.43
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

StatAlbaniaMontenegro
Income Tax Rate23%9%
Corporate Tax Rate15%9%
Inflation, consumer prices2%2.6%
Inflation, GDP deflator0.9%3.2%
Unemployment13.9%15.5%
Economic Freedom Index66.961.5
Personal Freedom Index8.078.12
Human Freedom Index7.687.67
Property Rights Index57.159.1
Judical Effectiveness Index3355.3
Business Freedom Index65.770.8
Fiscal Health Index86.323.4
Labor Freedom Index52.174.8
Investment Freedom Index7075
Financial Freedom Index7050
Trade Freedom Index88.483.8
Monetary Freedom Index81.280.3
Government Spending Index74.632.1
Tax Burden Index85.985.4
Government Integrity Index38.847.5
Corruption Perceptions Index3645
Life expectancy at birth, years78.376.7
Suicide mortality rate, per 100,000 people6.310.3
Mortality caused by road traffic injury, per 100,000 people13.610.7
Intentional homicides, per 100,000 people2.32.4
International tourism, number of arrivals5.3M2.1M

Government debt & reserves

StatAlbaniaMontenegro
Central government debt, % of GDP68.6%72.1%
External debt stocks, % of GNI67.2%144.1%
External debt stocks$10.1B$8B
Short-term debt, % of total reserves55.6%17.2%
Total debt service, % of exports and primary income20.7%63.7%
Adjusted net savings including particulate emission damage, % of GNI8.2%N/A
Gross savings, % of GDP16.2%14.9%
Gross capital formation, % of GDP25%31.9%
Total reserves including gold$3.9B$1.2B
Foreign direct investment net inflows$1.2B$485.7M

Exports, imports and economic structure

StatAlbaniaMontenegro
Exports of goods and services, % of GDP31.7%42.9%
Imports of goods and services, % of GDP45.4%66.7%
Current account balance (balance of payments)-$1B-$943M
Revenue excluding grants, % of GDP25.6%N/A
Grants excluding technical cooperation, BoP$181M$57.7M
Personal remittances received$1.5B$588.9M
Industry including construction value added, % of GDP21.3%15.9%
Agriculture, forestry and fishing value added, % of GDP18.4%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 GDP23.3%N/A
Government Expenditure, % of GDP29.1%47.6%

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

Montenegro vs

CountryGDP
per capita
Population
Argentina
$12k
44.9M
Malaysia
$11k
31.6M
Russia
$11k
147M
Mauritius
$11k
1.26M
Grenada
$11k
108k
Saint Lucia
$11k
179k
Maldives
$10k
436k
Equatorial Guinea
$10k
1.27M
Nauru
$9.9k
13.7k
Kazakhstan
$9.8k
18.3M
China
$9.8k
1.41B
Mexico
$9.7k
131M
Turkey
$9.4k
82M
Bulgaria
$9.3k
7M
Brazil
$8.9k
210M
Cuba
$8.8k
11.5M
Lebanon
$8.3k
6.1M
Botswana
$8.3k
2.29M
Dominican Republic
$8.1k
10.4M
Gabon
$8k
2.03M
Dominica
$7.7k
73.9k
Saint Vincent
$7.4k
110k
Thailand
$7.3k
65.9M
Serbia
$7.2k
7.02M
Libya
$7.2k
6.68M
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