Albania vs Serbia: Economic Indicators Comparison

Serbia with a GDP of $50.6B ranked the 84th largest economy in the world, while Albania ranked 123rd with $15.1B. By GDP 5-years average growth and GDP per capita, Serbia and Albania ranked 131st vs 84th and 90th vs 107th, respectively.

Gross Domestic Product & Income

StatAlbaniaSerbia
GDP$15.1B$50.6B
GDP growth, 1 year4.2%4.4%
GDP growth, 5-years average3.1%2%
Population3M7M
GDP per capita$5.3k$7.2k
GDP per capita growth4.4%4.97%
Purchasing Power Parity conversion factor42.5741.64
Price level ratio of PPP conversion factor GDP to market exchange rate0.390.42
GDP per capita, PPP adjusted$13k$18k
GNI, Atlas method$13.9B$44.6B
GNI per capita$4.9k$6.4k
GNI, PPP adjusted$38.3B$115.5B
GNI per capita, PPP adjusted$13k$17k

Financial system and Human development

StatAlbaniaSerbia
Income Tax Rate23%10%
Corporate Tax Rate15%15%
Inflation, consumer prices2%2%
Inflation, GDP deflator0.9%2.1%
Unemployment13.9%13.5%
Economic Freedom Index66.966
Personal Freedom Index8.077.84
Human Freedom Index7.687.19
Property Rights Index57.155.4
Judical Effectiveness Index3346.8
Business Freedom Index65.772.6
Fiscal Health Index86.394.1
Labor Freedom Index52.166.9
Investment Freedom Index7070
Financial Freedom Index7050
Trade Freedom Index88.478
Monetary Freedom Index81.280.7
Government Spending Index74.649.7
Tax Burden Index85.983.7
Government Integrity Index38.844
Corruption Perceptions Index3639
Life expectancy at birth, years78.376.1
Suicide mortality rate, per 100,000 people6.315.6
Mortality caused by road traffic injury, per 100,000 people13.67.4
Intentional homicides, per 100,000 people2.31.1
International tourism, number of arrivals5.3M1.7M

Government debt & reserves

StatAlbaniaSerbia
Central government debt, % of GDP68.6%54.3%
External debt stocks, % of GNI67.2%71.7%
External debt stocks$10.1B$34.3B
Short-term debt, % of total reserves55.6%16.4%
Total debt service, % of exports and primary income20.7%22.3%
Adjusted net savings including particulate emission damage, % of GNI8.2%-3.2%
Gross savings, % of GDP16.2%18.6%
Gross capital formation, % of GDP25%22.7%
Total reserves including gold$3.9B$12.9B
Foreign direct investment net inflows$1.2B$4.1B

Exports, imports and economic structure

StatAlbaniaSerbia
Exports of goods and services, % of GDP31.7%50.8%
Imports of goods and services, % of GDP45.4%59.3%
Current account balance (balance of payments)-$1B-$2.6B
Revenue excluding grants, % of GDP25.6%32.8%
Grants excluding technical cooperation, BoP$181M$334.6M
Personal remittances received$1.5B$4.3B
Industry including construction value added, % of GDP21.3%25.5%
Agriculture, forestry and fishing value added, % of GDP18.4%6.3%
Charges for the use of intellectual property, payments BoP$26.4M$289.7M
Charges for the use of intellectual property, receipts BoP$14.9M$57.9M
Expense, % of GDP23.3%36.9%
Government Expenditure, % of GDP29.1%40.9%

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

Serbia vs

CountryGDP
per capita
Population
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
Montenegro
$8.8k
622k
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
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
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