Albania vs North Macedonia: Economic Indicators Comparison

Albania with a GDP of $15.1B ranked the 123rd largest economy in the world, while North Macedonia ranked 135th with $12.7B. By GDP 5-years average growth and GDP per capita, Albania and North Macedonia ranked 84th vs 110th and 107th vs 100th, respectively.

Gross Domestic Product & Income

StatAlbaniaNorth Macedonia
GDP$15.1B$12.7B
GDP growth, 1 year4.2%2.7%
GDP growth, 5-years average3.1%2.6%
Population3M2.1M
GDP per capita$5.3k$6.1k
GDP per capita growth4.4%2.62%
Purchasing Power Parity conversion factor42.5719.38
Price level ratio of PPP conversion factor GDP to market exchange rate0.390.37
GDP per capita, PPP adjusted$13k$16k
GNI, Atlas method$13.9B$11.4B
GNI per capita$4.9k$5.5k
GNI, PPP adjusted$38.3B$32.6B
GNI per capita, PPP adjusted$13k$16k

Financial system and Human development

StatAlbaniaNorth Macedonia
Income Tax Rate23%10%
Corporate Tax Rate15%10%
Inflation, consumer prices2%1.5%
Inflation, GDP deflator0.9%4.3%
Unemployment13.9%21.6%
Economic Freedom Index66.969.5
Personal Freedom Index8.078.17
Human Freedom Index7.687.55
Property Rights Index57.162.5
Judical Effectiveness Index3342.7
Business Freedom Index65.780.6
Fiscal Health Index86.387.7
Labor Freedom Index52.167
Investment Freedom Index7065
Financial Freedom Index7060
Trade Freedom Index88.486.2
Monetary Freedom Index81.277.7
Government Spending Index74.671
Tax Burden Index85.991.5
Government Integrity Index38.842.2
Corruption Perceptions Index3637
Life expectancy at birth, years78.375.6
Suicide mortality rate, per 100,000 people6.37.9
Mortality caused by road traffic injury, per 100,000 people13.66.4
Intentional homicides, per 100,000 people2.31.5
International tourism, number of arrivals5.3M707k

Government debt & reserves

StatAlbaniaNorth Macedonia
Central government debt, % of GDP68.6%39.5%
External debt stocks, % of GNI67.2%72%
External debt stocks$10.1B$8.7B
Short-term debt, % of total reserves55.6%40.9%
Total debt service, % of exports and primary income20.7%16.6%
Adjusted net savings including particulate emission damage, % of GNI8.2%15.4%
Gross savings, % of GDP16.2%33%
Gross capital formation, % of GDP25%33%
Total reserves including gold$3.9B$3.3B
Foreign direct investment net inflows$1.2B$648.7M

Exports, imports and economic structure

StatAlbaniaNorth Macedonia
Exports of goods and services, % of GDP31.7%60.3%
Imports of goods and services, % of GDP45.4%72.9%
Current account balance (balance of payments)-$1B-$25.6M
Revenue excluding grants, % of GDP25.6%26.8%
Grants excluding technical cooperation, BoP$181M$133.8M
Personal remittances received$1.5B$344.5M
Industry including construction value added, % of GDP21.3%23.6%
Agriculture, forestry and fishing value added, % of GDP18.4%7.2%
Charges for the use of intellectual property, payments BoP$26.4M$188.8M
Charges for the use of intellectual property, receipts BoP$14.9M$11.8M
Expense, % of GDP23.3%27.9%
Government Expenditure, % of GDP29.1%31.1%

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
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
Marshall Islands
$3.8k
53.1k

North Macedonia vs

CountryGDP
per capita
Population
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
Belarus
$6.3k
9.41M
Fiji
$6.3k
906k
Suriname
$6.2k
563k
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