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Economy of Albania vs Rwanda compared: GDP & Debt

Updated on by Georank

Albania has a GDP of $30.5B compared to $16.4B for Rwanda, ranking 113/197 and 142/197 by economy size, respectively.

Albania has $16.1B in government debt (52.6% of GDP), compared to $10.6B (64.6% of GDP) in Rwanda.

Albania vs Rwanda GDP by year

Albania
Rwanda
1x
Year GDP, current $
Albania Rwanda
2025 $30,540,188,271 $16,372,132,990
2024 $27,037,474,263 $15,111,064,182
2023 $23,491,242,727 $14,806,501,437
2022 $19,017,247,014 $13,747,404,814
2021 $18,031,989,573 $11,252,894,910
2020 $15,241,458,745 $10,487,146,253
2019 $15,585,111,614 $10,519,272,170
2018 $15,379,508,330 $9,650,161,136
2017 $13,258,268,436 $9,164,345,443
2016 $11,988,668,785 $8,596,812,241
2015 $11,470,171,827 $8,447,064,079
2014 $13,296,322,588 $8,129,984,484
2013 $12,796,985,886 $7,714,276,920
2012 $12,246,499,748 $7,556,673,276
2011 $12,973,755,875 $6,802,676,034
2010 $12,086,545,641 $6,052,276,078
2009 $12,335,540,656 $5,603,399,015
2008 $13,258,506,375 $5,120,655,375
2007 $11,116,937,870 $4,017,977,507
2006 $9,150,528,132 $3,274,207,945
2005 $8,256,658,250 $2,933,819,766
2004 $7,406,645,793 $2,376,496,067
2003 $5,801,712,040 $2,138,237,279
2002 $4,515,003,117 $1,966,003,468
2001 $4,059,064,033 $1,966,600,715
2000 $3,584,570,165 $2,068,836,754
1999 $3,283,941,510 $2,157,108,263
1998 $2,600,356,999 $1,989,343,546
1997 $2,293,666,030 $1,851,558,197
1996 $3,234,486,232 $1,382,334,879
1995 $2,905,092,799 $1,293,535,193
1994 $1,880,950,864 $753,636,370
1993 $1,185,315,468 $1,971,525,712
1992 $652,174,991 $2,029,026,962
1991 $1,099,559,028 $1,911,600,237
1990 $2,028,553,750 $2,550,185,679
1989 $2,253,090,000 $2,405,022,593
1988 $2,051,236,250 $2,395,492,687
1987 $2,080,796,250 $2,157,432,668
1986 $2,097,326,250 $1,944,710,684
1985 $1,897,050,117 $1,715,626,331
1984 $1,857,337,995 $1,587,413,084
1983 $1,881,412,587 $1,479,687,587
1982 $1,861,163,170 $1,407,243,139
1981 $1,808,177,156 $1,407,062,527
1980 $1,578,102,105 $1,254,765,642
1979 - $1,109,346,131
1978 - $905,709,076
1977 - $746,650,613
1976 - $637,753,853
1975 - $571,863,500
1974 - $308,458,423
1973 - $290,746,157
1972 - $246,457,838
1971 - $222,952,504
1970 - $219,900,006
1969 - $188,700,037
1968 - $172,200,018
1967 - $159,560,018
1966 - $124,525,703
1965 - $148,799,980
1964 - $129,999,994
1963 - $128,000,000
1962 - $125,000,008
1961 - $122,000,016
1960 - $119,000,024

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

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

GDP per capita in Albania vs Rwanda by year

Albania
GDP per capita

GDP per capita, PPP
Rwanda
GDP per capita

GDP per capita, PPP
1x
Year Current $
Albania Rwanda
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $12,998 - $1,124 -
2024 $11,374 $26,702 $1,060 $3,711
2023 $9,741 $24,822 $1,061 $3,399
2022 $7,757 $22,138 $1,007 $3,099
2021 $7,242 $18,213 $843 $2,733
2020 $6,028 $16,288 $803 $2,285
2019 $6,069 $16,442 $823 $2,336
2018 $5,898 $15,055 $773 $2,125
2017 $5,006 $14,111 $751 $1,968
2016 $4,458 $13,056 $721 $1,866
2015 $4,200 $12,387 $726 $1,781
2014 $4,794 $11,788 $715 $1,678
2013 $4,543 $10,882 $695 $1,512
2012 $4,281 $10,609 $698 $1,455
2011 $4,466 $10,273 $643 $1,413
2010 $4,149 $9,755 $587 $1,314
2009 $4,214 $9,031 $557 $1,241
2008 $4,499 $8,469 $522 $1,191
2007 $3,743 $7,585 $421 $1,079
2006 $3,058 $6,753 $352 $1,002
2005 $2,742 $6,014 $324 $914
2004 $2,447 $5,595 $269.5 $832
2003 $1,909 $5,169 $249 $775
2002 $1,480 $4,840 $234 $760
2001 $1,326 $4,451 $237.3 $670
2000 $1,160 $3,978 $251.9 $609
1999 $1,056 $3,549 $264.7 $554
1998 $831 $3,086 $246.2 $528
1997 $729 $2,760 $238.7 $500
1996 $1,021 $3,054 $206 $499
1995 $911 $2,777 $228 $514
1994 $586 $2,385 $111 $311
1993 $367 $2,143 $247 $521
1992 $200.9 $1,899 $264.1 $575
1991 $337 $1,989 $254 $542
1990 $617 $2,656 $346 $549
1989 $698 - $335 -
1988 $653 - $344 -
1987 $675 - $320 -
1986 $694 - $297.7 -
1985 $640 - $271.6 -
1984 $639 - $259.9 -
1983 $662 - $250.6 -
1982 $668 - $246.4 -
1981 $663 - $254.6 -
1980 $591 - $234.4 -
1979 - - $213.8 -
1978 - - $179.9 -
1977 - - $152.7 -
1976 - - $134.4 -
1975 - - $124.1 -
1974 - - $68.9 -
1973 - - $66.9 -
1972 - - $58.4 -
1971 - - $54.4 -
1970 - - $55.2 -
1969 - - $48.9 -
1968 - - $46 -
1967 - - $44 -
1966 - - $35.4 -
1965 - - $43.5 -
1964 - - $39 -
1963 - - $39.3 -
1962 - - $39.2 -
1961 - - $39.3 -
1960 - - $39.4 -

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

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

Albania's GDP per capita is $12,998, ranking 79/197, compared to $1,124 in Rwanda, ranking 178/197. Adjusted for purchasing power (GDP per capita PPP), Albania ranks 79th at $26,702, while Rwanda ranks 168th at $3,711.

Economic indicators

Albania Rwanda
Gross domestic product
$30.5B
2025
$16.4B
2025
GDP rank
113/197
2025
142/197
2025
GDP growth
3.79%
2024-2025
9.38%
2024-2025
GDP per capita
$12,998
2025
$1,124
2025
GDP per capita rank
79/197
2025
178/197
2025
GDP per capita, PPP
$26,702
2024
$3,711
2024
GDP per capita PPP rank
79/197
2024
168/197
2024
Government debt
$16.1B
2025
$10.6B
2025
Debt-to-GDP ratio
52.6%
2025
64.6%
2025
Government debt per person
$6,837
2025
$726
2025
Government debt per person rank
72/185
2025
155/185
2025
Average annual personal income after taxes
$9,481
2026
$1,614
2026
Market capitalization of domestic companies n/a
$3.2B
2025
Number of billionaires
1
2026
n/a
Income share by richest 10%
22.8%
2020
33.4%
2023
Income share by poorest 10%
3.4%
2020
3.1%
2023
Government expenditure, % of GDP
30.1%
2025
24.1%
2025
Consumer prices inflation
2.2%
2024-2025
5.91%
2024-2025
Central bank interest rate
2.5%
2025
6.75%
2025
Unemployment rate
8.43%
2024
5.36%
2025
Population
2332078
15062056

Spending and national debt comparison by year

Albania
Spending

Debt
Rwanda
Spending

Debt
1x
Year % of GDP
Albania Rwanda
Government spending Government debt Government spending Government debt
2025 30.1% 52.6% 24.1% 64.6%
2024 28.9% 54.5% 27.1% 63.4%
2023 28.5% 58% 26.2% 61.4%
2022 30.3% 64.7% 28.7% 59%
2021 31.9% 74.8% 31% 66.2%
2020 32.4% 75.4% 32.5% 66.7%
2019 28.7% 66.6% 27.7% 52.8%
2018 28.7% 68.5% 26.3% 49.2%
2017 29.2% 71.9% 25.3% 46.1%
2016 29.1% 73.3% 25.4% 41.5%
2015 30.8% 73.7% 26.9% 33.5%
2014 31.7% 72% 27.8% 29.5%
2013 29.2% 70.4% 26.5% 27%
2012 28.2% 62.1% 24.9% 19.3%
2011 28.9% 59.4% 25% 18.9%
2010 29.4% 57.7% 24.1% 19%
2009 32.7% 59.7% 22.6% 18.7%
2008 31.7% 55.1% 22.7% 18.5%
2007 29.3% 53.6% 22.7% 22.4%
2006 29.2% 56.7% 20.9% 22.8%
2005 28.9% 58.2% 20.2% 59.8%
2004 30.2% 57.5% 18.1% 82.1%
2003 29.7% 60.2% 18.8% 80.7%
2002 31.5% 64.1% 20.7% 93.4%
2001 32.7% 60.6% 19.3% 85.2%
2000 33.8% 63.8% 18.5% 87.2%
1999 37.1% 68.2% 22.7% 79.5%
1998 36.8% 71.2% 16.6% 71.1%
1997 30.3% 72.2% 17.2% 73.3%
1996 - - 19.8% 84.6%
1995 - - 18.3% 102.2%
1994 - - 13.5% -
1993 - - 20.6% -
1992 - - 21.8% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1992–2025, retrieved 2026-07-08).

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

In 2025, Albania's government spending was $9.19B, accounting for 30.1% of its GDP, while Rwanda spent $3.95B, or 24.1% of GDP.

Debt-to-GDP ratio is 52.6% in Albania and 64.6% in Rwanda, ranking 96/185 and 68/185, respectively.

Government deficit by year

Deficit/surplus
Albania

Rwanda
1x
Year Deficit/surplus, % of GDP
Albania Rwanda
2025 -1.75% -4.49%
2024 -0.72% -6.19%
2023 -1.32% -4.88%
2022 -3.64% -5.56%
2021 -4.57% -6.89%
2020 -6.67% -9.26%
2019 -1.84% -5%
2018 -1.58% -2.57%
2017 -1.41% -2.54%
2016 -1.5% -2.3%
2015 -4.32% -2.71%
2014 -5.46% -3.97%
2013 -5.22% -1.29%
2012 -3.44% -2.41%
2011 -3.52% -0.87%
2010 -3.52% -0.65%
2009 -6.59% 0.26%
2008 -4.88% 0.84%
2007 -3.18% -1.58%
2006 -3.26% -0.03%
2005 -3.46% 1.14%
2004 -5.16% 2.31%
2003 -5.01% -1.25%
2002 -6.21% -2.06%
2001 -6.84% -1.83%
2000 -7.77% -0.22%
1999 -8.84% -4.48%
1998 -9.93% -2.63%
1997 -11.9% -2.25%
1996 - -5.08%
1995 - -2.07%
1994 - -9.68%
1993 - -6.7%
1992 - -7.31%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1992–2025, retrieved 2026-07-08).

GeoRank.org/economy/albania/rwanda | 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 Rwanda's deficit of $736M, or 4.49% of GDP.

Over the past 29 years, Albania recorded a fiscal deficit in 29 of those years, while Rwanda ran a deficit in 25 years. On average, Albania posted an annual deficit equal to 4.6% of GDP, compared to deficit of 2.53% of GDP for Rwanda.

Inflation comparison by year

Inflation
Albania

Rwanda
1x
Year Consumer prices inflation
Albania Rwanda
2025 2.2% 5.91%
2024 2.2% 1.77%
2023 4.8% 19.8%
2022 6.7% 17.7%
2021 2% -0.39%
2020 1.6% 9.85%
2019 1.4% 3.35%
2018 2% -0.31%
2017 2% 8.28%
2016 1.3% 7.17%
2015 1.9% 2.53%
2014 1.6% 2.35%
2013 1.9% 5.92%
2012 2% 10.3%
2011 3.4% 3.08%
2010 3.6% -0.25%
2009 2.2% 12.9%
2008 3.3% 15.4%
2007 3% 9.08%
2006 2.4% 8.88%
2005 2.4% 9.01%
2004 2.9% 12.3%
2003 2.4% 7.45%
2002 5.2% 1.99%
2001 3.1% 3.34%
2000 0% 3.9%
1999 0.4% -2.41%
1998 20.6% 6.21%
1997 33.2% 12%

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

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

Over the past 29 years, Albania has recorded an average annual inflation rate of 4.2%, compared with 6.8% in Rwanda. In 2025, inflation was 2.2% in Albania and 5.91% in Rwanda.

Top exports between countries

Albania
Export category Export value
Processed food, beverages & tobacco $40K
Textiles & consumer goods $31K
Metals $22K
Chemicals & pharma $6K
Raw agricultural goods $4K
Wood & paper products $3K
Rwanda
Export category Export value

Balance of trade

Albania Rwanda
Current account balance
-$161M
2025
-$1.81B
2024
Current account balance ranking
86/190
2025
136/190
2024
Current account balance, % of GDP
-0.53%
2025
-12%
2024
Goods imports
$8.52B
2025
$5.55B
2024
Goods exports
$1.76B
2025
$3.2B
2024
Service imports
$4.55B
2025
$991M
2024
Service exports
$9.66B
2025
$1.08B
2024
Imports of goods and services, % of GDP
42.5%
2025
35.1%
2025
Exports of goods and services, % of GDP
37%
2025
21.6%
2025

Economic freedom indices

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

Albania Rwanda
Economic freedom 68 56.5
Economic freedom ranking 50/197 121/197
Property rights 57.6 60.3
Government integrity 41.9 53.9
Judicial effectiveness 59.9 27.5
Tax burden 89.3 80.6
Government spending 74.3 75.7
Fiscal health 88 37.5
Business freedom 76.6 60.1
Labor freedom 46.2 49.1
Monetary freedom 78.6 72.3
Trade freedom 83 61.8
Investment freedom 60 60
Financial freedom 60 40

Economic freedom comparison by year

Albania
Rwanda
1x
Year Economic freedom index
Albania Rwanda
2026 68 56.5
2025 66.6 54.8
2024 64.8 51.6
2023 65.3 52.2
2022 66.6 57.1
2021 65.2 68.3
2020 66.9 70.9
2019 66.5 71.1
2018 64.5 69.1
2017 64.4 67.6
2016 65.9 63.1
2015 65.7 64.8
2014 66.9 64.7
2013 65.2 64.1
2012 65.1 64.9
2011 64 62.7
2010 66 59.1
2009 63.7 54.2
2008 62.4 54.2
2007 61.4 52.4
2006 60.3 52.8
2005 57.8 51.7
2004 58.5 53.3
2003 56.8 47.8
2002 56.8 50.4
2001 56.6 45.4
2000 53.6 42.3
1999 53.4 39.8
1998 53.9 39.1
1997 54.8 38.3
1996 53.8 -
1995 49.7 -

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

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

The Economic Freedom Index for Albania is 68, ranking 50/197, compared to 56.5 for Rwanda, ranking 121/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Albania Rwanda
Services, % of GDP
49.7%
2025
52.3%
2025
Industry, % of GDP
21.8%
2025
22%
2025
Agriculture, forestry, and fishing, % of GDP
14.8%
2025
20.3%
2025
GNI, Atlas method
$28.3B
2025
$16.7B
2025
GNI per capita, PPP
$28,170
2025
$4,070
2025
Total reserves including gold
$8.6B
2025
$1.96B
2025
Total reserves ranking
86/177
2025
128/177
2025
Net foreign direct investment
-$1.51B
2025
-$560M
2024
Net inflows of foreign direct investment
$1.71B
2024
$573M
2024
Net outflows of foreign direct investment
$261M
2024
$13.2M
2024
Servicing debt to the IMF, % of GNI
3.25%
2024
2.91%
2024
Poverty at national poverty lines
19.7%
2022
27.4%
2023
Gross capital formation, % of GDP
25%
2024
34.1%
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/rwanda | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1992–2025, retrieved 2026-07-08)
  3. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08)
  4. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  5. TradeMap (2021–2024, retrieved 2026-07-08)
  6. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  7. 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.