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Economy of Albania vs Russia compared: GDP & Debt

Updated on by Georank

Albania has a GDP of $30.5B compared to $2.56T for Russia, ranking 113/197 and 8/197 by economy size, respectively.

Albania has $16.1B in government debt (52.6% of GDP), compared to $440B (17.2% of GDP) in Russia.

Albania vs Russia GDP by year

Albania
Russia
1x
Year GDP, current $
Albania Russia
2025 $30,540,188,271 $2,561,310,169,359
2024 $27,037,474,263 $2,186,462,268,813
2023 $23,491,242,727 $2,046,284,838,151
2022 $19,017,247,014 $2,292,495,097,681
2021 $18,031,989,573 $1,829,186,719,575
2020 $15,241,458,745 $1,493,075,894,362
2019 $15,585,111,614 $1,693,115,002,708
2018 $15,379,508,330 $1,657,328,773,461
2017 $13,258,268,436 $1,574,199,360,089
2016 $11,988,668,785 $1,276,786,350,881
2015 $11,470,171,827 $1,363,482,182,198
2014 $13,296,322,588 $2,059,241,589,895
2013 $12,796,985,886 $2,292,470,078,346
2012 $12,246,499,748 $2,208,293,553,878
2011 $12,973,755,875 $2,045,922,753,398
2010 $12,086,545,641 $1,524,916,715,224
2009 $12,335,540,656 $1,222,645,900,056
2008 $13,258,506,375 $1,660,848,058,303
2007 $11,116,937,870 $1,299,703,478,482
2006 $9,150,528,132 $989,932,071,353
2005 $8,256,658,250 $764,015,973,481
2004 $7,406,645,793 $591,016,690,732
2003 $5,801,712,040 $430,347,420,185
2002 $4,515,003,117 $345,470,494,418
2001 $4,059,064,033 $306,602,070,621
2000 $3,584,570,165 $259,710,142,197
1999 $3,283,941,510 $195,907,128,351
1998 $2,600,356,999 $270,955,486,862
1997 $2,293,666,030 $404,928,954,192
1996 $3,234,486,232 $391,724,890,744
1995 $2,905,092,799 $395,537,185,735
1994 $1,880,950,864 $395,077,301,248
1993 $1,185,315,468 $435,083,713,851
1992 $652,174,991 $460,290,556,901
1991 $1,099,559,028 $517,962,962,963
1990 $2,028,553,750 $517,014,446,228
1989 $2,253,090,000 $506,631,299,735
1988 $2,051,236,250 $554,828,660,436
1987 $2,080,796,250 -
1986 $2,097,326,250 -
1985 $1,897,050,117 -
1984 $1,857,337,995 -
1983 $1,881,412,587 -
1982 $1,861,163,170 -
1981 $1,808,177,156 -
1980 $1,578,102,105 -

Data sources: World Bank | Economy & Growth (1980–2025, retrieved 2026-07-08).

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

GDP per capita in Albania vs Russia by year

Albania
GDP per capita

GDP per capita, PPP
Russia
GDP per capita

GDP per capita, PPP
1x
Year Current $
Albania Russia
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $12,998 - $17,847 -
2024 $11,374 $26,702 $15,219 $47,362
2023 $9,741 $24,822 $14,227 $44,269
2022 $7,757 $22,138 $15,894 $40,939
2021 $7,242 $18,213 $12,637 $38,638
2020 $6,028 $16,288 $10,280 $31,491
2019 $6,069 $16,442 $11,640 $30,964
2018 $5,898 $15,055 $11,399 $28,629
2017 $5,006 $14,111 $10,835 $25,778
2016 $4,458 $13,056 $8,804 $24,012
2015 $4,200 $12,387 $9,427 $23,994
2014 $4,794 $11,788 $14,277 $25,688
2013 $4,543 $10,882 $15,941 $26,020
2012 $4,281 $10,609 $15,402 $24,274
2011 $4,466 $10,273 $14,305 $22,790
2010 $4,149 $9,755 $10,675 $20,490
2009 $4,214 $9,031 $8,563 $19,390
2008 $4,499 $8,469 $11,635 $20,164
2007 $3,743 $7,585 $9,101 $16,648
2006 $3,058 $6,753 $6,920 $14,912
2005 $2,742 $6,014 $5,323 $11,822
2004 $2,447 $5,595 $4,102 $10,227
2003 $1,909 $5,169 $2,975 $9,255
2002 $1,480 $4,840 $2,378 $8,037
2001 $1,326 $4,451 $2,100 $7,361
2000 $1,160 $3,978 $1,772 $6,825
1999 $1,056 $3,549 $1,331 $5,914
1998 $831 $3,086 $1,835 $5,465
1997 $729 $2,760 $2,738 $5,700
1996 $1,021 $3,054 $2,644 $5,518
1995 $911 $2,777 $2,666 $5,613
1994 $586 $2,385 $2,662 $5,734
1993 $367 $2,143 $2,931 $6,420
1992 $200.9 $1,899 $3,099 $6,862
1991 $337 $1,989 $3,490 $7,858
1990 $617 $2,656 $3,494 $8,028
1989 $698 - $3,430 -
1988 $653 - $3,778 -
1987 $675 - - -
1986 $694 - - -
1985 $640 - - -
1984 $639 - - -
1983 $662 - - -
1982 $668 - - -
1981 $663 - - -
1980 $591 - - -

Data sources: World Bank | Economy & Growth (1980–2025, retrieved 2026-07-08).

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

Albania's GDP per capita is $12,998, ranking 79/197, compared to $17,847 in Russia, ranking 68/197. Adjusted for purchasing power (GDP per capita PPP), Albania ranks 79th at $26,702, while Russia ranks 50th at $47,362.

Economic indicators

Albania Russia
Gross domestic product
$30.5B
2025
$2.56T
2025
GDP rank
113/197
2025
8/197
2025
GDP growth
3.79%
2024-2025
1%
2024-2025
GDP per capita
$12,998
2025
$17,847
2025
GDP per capita rank
79/197
2025
68/197
2025
GDP per capita, PPP
$26,702
2024
$47,362
2024
GDP per capita PPP rank
79/197
2024
50/197
2024
Government debt
$16.1B
2025
$440B
2025
Debt-to-GDP ratio
52.6%
2025
17.2%
2025
Government debt per person
$6,837
2025
$3,068
2025
Government debt per person rank
72/185
2025
105/185
2025
Average annual personal income after taxes
$9,481
2026
$11,183
2026
Market capitalization of domestic companies n/a
$650B
2023
Number of millionaires n/a
447,000
2026
Number of billionaires
1
2026
147
2026
Income share by richest 10%
22.8%
2020
25.1%
2023
Income share by poorest 10%
3.4%
2020
3.1%
2023
Government expenditure, % of GDP
30.1%
2025
39.1%
2025
Consumer prices inflation
2.2%
2024-2025
8.7%
2024-2025
Central bank interest rate
2.5%
2025
14.5%
2026
Unemployment rate
8.43%
2024
2.13%
2025
Population
2332078
142643173

Spending and national debt comparison by year

Albania
Spending

Debt
Russia
Spending

Debt
1x
Year % of GDP
Albania Russia
Government spending Government debt Government spending Government debt
2025 30.1% 52.6% 39.1% 17.2%
2024 28.9% 54.5% 36.7% 14.8%
2023 28.5% 58% 36.1% 15.2%
2022 30.3% 64.7% 35.1% 15.1%
2021 31.9% 74.8% 34.9% 16.5%
2020 32.4% 75.4% 39.2% 19.2%
2019 28.7% 66.6% 33.8% 13.7%
2018 28.7% 68.5% 32.6% 13.6%
2017 29.2% 71.9% 34.8% 14.3%
2016 29.1% 73.3% 36.6% 14.8%
2015 30.8% 73.7% 35.3% 15.3%
2014 31.7% 72% 34.9% 15.1%
2013 29.2% 70.4% 34.7% 12.3%
2012 28.2% 62.1% 34% 11.2%
2011 28.9% 59.4% 33.3% 10.3%
2010 29.4% 57.7% 35.5% 10.1%
2009 32.7% 59.7% 38.6% 9.92%
2008 31.7% 55.1% 32% 7.45%
2007 29.3% 53.6% 31.9% 8.03%
2006 29.2% 56.7% 29% 9.8%
2005 28.9% 58.2% 29.5% 14.9%
2004 30.2% 57.5% 29.6% 20.8%
2003 29.7% 60.2% 32.6% 28.3%
2002 31.5% 64.1% 33.8% 37.6%
2001 32.7% 60.6% 31.5% 44.4%
2000 33.8% 63.8% 30.7% 55.9%
1999 37.1% 68.2% 34.3% 92.4%
1998 36.8% 71.2% 39.7% 135.2%
1997 30.3% 72.2% - 51.5%
1996 - - - 51.9%
1995 - - - 53.7%
1994 - - - 63.5%
1993 - - - 92.4%
1992 - - - 116%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1997–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1992–1996, retrieved 2026-07-08).

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

In 2025, Albania's government spending was $9.19B, accounting for 30.1% of its GDP, while Russia spent $1T, or 39.1% of GDP.

Debt-to-GDP ratio is 52.6% in Albania and 17.2% in Russia, ranking 96/185 and 175/185, respectively.

Government deficit by year

Deficit/surplus
Albania

Russia
1x
Year Deficit/surplus, % of GDP
Albania Russia
2025 -1.75% -3.9%
2024 -0.72% -1.59%
2023 -1.32% -2.24%
2022 -3.64% -1.34%
2021 -4.57% 0.78%
2020 -6.67% -3.99%
2019 -1.84% 1.93%
2018 -1.58% 2.92%
2017 -1.41% -1.47%
2016 -1.5% -3.67%
2015 -4.32% -3.39%
2014 -5.46% -1.07%
2013 -5.22% -1.16%
2012 -3.44% 0.38%
2011 -3.52% 1.43%
2010 -3.52% -3.19%
2009 -6.59% -5.89%
2008 -4.88% 4.55%
2007 -3.18% 5.59%
2006 -3.26% 7.8%
2005 -3.46% 7.6%
2004 -5.16% 4.57%
2003 -5.01% 1.35%
2002 -6.21% 0.67%
2001 -6.84% 2.99%
2000 -7.77% 3.11%
1999 -8.84% -3.59%
1998 -9.93% -7.42%
1997 -11.9% -
1996 - -
1995 - -
1994 - -
1993 - -
1992 - -
1991 - -
1990 - -
1989 - -
1988 - -
1987 - -
1986 - -
1985 - -
1984 - -
1983 - -
1982 - -
1981 - -
1980 - -
1979 - -
1978 - -
1977 - -
1976 - -
1975 - -
1974 - -
1973 - -
1972 - -
1971 - -
1970 - -
1969 - -
1968 - -
1967 - -
1966 - -
1965 - -
1964 - -
1963 - -
1962 - -
1961 - -
1960 - -
1959 - -
1958 - -
1957 - -
1956 - -
1955 - -
1954 - -
1953 - -
1952 - -
1951 - -
1950 - -
1949 - -
1948 - -
1947 - -
1946 - -
1945 - -
1944 - -
1943 - -
1942 - -
1941 - -
1940 - 0.15%
1939 - 0.12%
1938 - 0.16%
1937 - 0.12%
1936 - 0.1%
1935 - 0.07%
1934 - 0.25%
1933 - 0.58%
1932 - 0.06%
1931 - -1.12%
1930 - -1.62%
1929 - -0.4%
1928 - -0.4%
1927 - -
1926 - -
1925 - -
1924 - -
1923 - -
1922 - -
1921 - -
1920 - -
1919 - -
1918 - -
1917 - -
1916 - -
1915 - -
1914 - -
1913 - -
1912 - 0.69%
1911 - 1.26%
1910 - 1.52%
1909 - -0.15%
1908 - -0.83%
1907 - -0.86%
1906 - -3.19%
1905 - -7.72%
1904 - -5.13%
1903 - 1.04%
1902 - -1.57%
1901 - 0.14%
1900 - -0.36%
1899 - 0.66%
1898 - 0.03%
1897 - 0.34%
1896 - 1.3%
1895 - 0.7%
1894 - 1.43%
1893 - 0.63%
1892 - -1.16%
1891 - -0.97%
1890 - 0.01%
1889 - 1.34%
1888 - 0.88%
1887 - 0.14%
1886 - -0.84%
1885 - -0.75%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1997–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1885–1940, retrieved 2026-07-08).

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

In 2025, Albania's government deficit, the difference between spending and revenue, was $533M, equivalent to 1.75% of GDP. This compares to Russia's deficit of $100B, or 3.9% of GDP.

Over the past 28 years, Albania recorded a fiscal deficit in 28 of those years, while Russia ran a deficit in 14 years. On average, Albania posted an annual deficit equal to 4.34% of GDP, compared to surplus of 0.06% of GDP for Russia.

Inflation comparison by year

Inflation
Albania

Russia
1x
Year Consumer prices inflation
Albania Russia
2025 2.2% 8.7%
2024 2.2% 8.4%
2023 4.8% 5.9%
2022 6.7% 13.7%
2021 2% 6.7%
2020 1.6% 3.4%
2019 1.4% 4.5%
2018 2% 2.9%
2017 2% 3.7%
2016 1.3% 7%
2015 1.9% 15.5%
2014 1.6% 7.8%
2013 1.9% 6.8%
2012 2% 5.1%
2011 3.4% 8.4%
2010 3.6% 6.8%
2009 2.2% 11.6%
2008 3.3% 14.1%
2007 3% 9%
2006 2.4% 9.7%
2005 2.4% 12.7%
2004 2.9% 10.9%
2003 2.4% 13.7%
2002 5.2% 15.8%
2001 3.1% 21.5%
2000 0% 20.8%
1999 0.4% 85.7%
1998 20.6% 27.7%
1997 33.2% 14.8%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2025, retrieved 2026-07-08).

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

Over the past 29 years, Albania has recorded an average annual inflation rate of 4.2%, compared with 13.2% in Russia. In 2025, inflation was 2.2% in Albania and 8.7% in Russia.

Top exports between countries

Albania
Export category Export value
Transport & tourism services $7.59M
Government & miscellaneous services $1.89M
Business & finance services $118K
Machinery & equipment $99K
Textiles & consumer goods $79K
Miscellaneous $59K
Raw materials & minerals $30K
Raw agricultural goods $2K
Russia
Export category Export value
Raw materials & minerals $46.9M
Raw agricultural goods $40.2M
Metals $28.3M
Processed food, beverages & tobacco $14.9M
Wood & paper products $2.87M
Textiles & consumer goods $2.38M
Transport & tourism services $1.21M
IT & IP services $1.08M
Chemicals & pharma $1.02M
Machinery & equipment $622K

Balance of trade

Albania Russia
Current account balance
-$161M
2025
$43.1B
2025
Current account balance ranking
86/190
2025
14/190
2025
Current account balance, % of GDP
-0.53%
2025
+1.68%
2025
Goods imports
$8.52B
2025
$305B
2025
Goods exports
$1.76B
2025
$422B
2025
Service imports
$4.55B
2025
$94.8B
2025
Service exports
$9.66B
2025
$46.3B
2025
Imports of goods and services, % of GDP
42.5%
2025
15.5%
2025
Exports of goods and services, % of GDP
37%
2025
18.2%
2025

Economic freedom indices

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

Albania Russia
Economic freedom 68 50.3
Economic freedom ranking 50/197 161/197
Property rights 57.6 18.6
Government integrity 41.9 22.8
Judicial effectiveness 59.9 22.8
Tax burden 89.3 81.9
Government spending 74.3 61.3
Fiscal health 88 94.4
Business freedom 76.6 51.4
Labor freedom 46.2 59.1
Monetary freedom 78.6 61.8
Trade freedom 83 69.4
Investment freedom 60 30
Financial freedom 60 30

Economic freedom comparison by year

Albania
Russia
1x
Year Economic freedom index
Albania Russia
2026 68 50.3
2025 66.6 51.6
2024 64.8 52
2023 65.3 53.8
2022 66.6 56.1
2021 65.2 61.5
2020 66.9 61
2019 66.5 58.9
2018 64.5 58.2
2017 64.4 57.1
2016 65.9 50.6
2015 65.7 52.1
2014 66.9 51.9
2013 65.2 51.1
2012 65.1 50.5
2011 64 50.5
2010 66 50.3
2009 63.7 50.8
2008 62.4 49.8
2007 61.4 52.2
2006 60.3 52.4
2005 57.8 51.3
2004 58.5 52.8
2003 56.8 50.8
2002 56.8 48.7
2001 56.6 49.8
2000 53.6 51.8
1999 53.4 54.5
1998 53.9 52.8
1997 54.8 48.6
1996 53.8 51.6
1995 49.7 51.1

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08).

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

The Economic Freedom Index for Albania is 68, ranking 50/197, compared to 50.3 for Russia, ranking 161/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Albania Russia
Services, % of GDP
49.7%
2025
58.9%
2025
Industry, % of GDP
21.8%
2025
29.7%
2025
Agriculture, forestry, and fishing, % of GDP
14.8%
2025
3.06%
2025
GNI, Atlas method
$28.3B
2025
$2.33T
2025
GNI per capita, PPP
$28,170
2025
$49,220
2025
Total reserves including gold
$8.6B
2025
$608B
2024
Total reserves ranking
86/177
2025
6/177
2024
Net foreign direct investment
-$1.51B
2025
-$12.4B
2025
Net inflows of foreign direct investment
$1.71B
2024
-$9.35B
2024
Net outflows of foreign direct investment
$261M
2024
-$170M
2024
Servicing debt to the IMF, % of GNI
3.25%
2024
2.63%
2024
Poverty at national poverty lines
19.7%
2022
7.2%
2024
Gross capital formation, % of GDP
25%
2024
25.9%
2025

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2025, retrieved 2026-07-08); U.S. Census Bureau (1985–2025, retrieved 2026-07-08).

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

Compare countries by 7 more topics

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Data sources:

  1. World Bank | Economy & Growth (1980–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1997–2025, retrieved 2026-07-08)
  3. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08)
  4. International Monetary Fund (IMF) | Public Finances in Modern History (1885–1996, retrieved 2026-07-08)
  5. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  6. TradeMap (2018–2024, retrieved 2026-07-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  8. LivingCost (2026, retrieved 2026-07-08)

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.