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Albania vs South Africa: Economic Indicators Comparison

South Africa with a GDP of $368.3B ranked the 35th largest economy in the world, while Albania ranked 123rd with $15.1B. By GDP 5-years average growth and GDP per capita, South Africa and Albania ranked 151st vs 84th and 95th vs 107th, respectively.

Gross Domestic Product & Income

StatAlbaniaSouth Africa
GDP$15.1B$368.3B
GDP growth, 1 year4.2%0.8%
GDP growth, 5-years average3.1%1.1%
Population3M57.7M
GDP per capita$5.3k$6.4k
GDP per capita growth4.4%-0.57%
Purchasing Power Parity conversion factor42.576.16
Price level ratio of PPP conversion factor GDP to market exchange rate0.390.47
GDP per capita, PPP adjusted$13k$14k
GNI, Atlas method$13.9B$332.3B
GNI per capita$4.9k$5.8k
GNI, PPP adjusted$38.3B$765.8B
GNI per capita, PPP adjusted$13k$13k

Financial system and Human development

StatAlbaniaSouth Africa
Income Tax Rate23%45%
Corporate Tax Rate15%28%
Inflation, consumer prices2%4.6%
Inflation, GDP deflator0.9%3.9%
Unemployment13.9%27%
Economic Freedom Index66.958.8
Personal Freedom Index8.076.92
Human Freedom Index7.686.78
Property Rights Index57.158.4
Judical Effectiveness Index3338
Business Freedom Index65.762
Fiscal Health Index86.364
Labor Freedom Index52.158.8
Investment Freedom Index7045
Financial Freedom Index7050
Trade Freedom Index88.475.8
Monetary Freedom Index81.275.9
Government Spending Index74.667.4
Tax Burden Index85.963.7
Government Integrity Index38.846.6
Corruption Perceptions Index3643
Life expectancy at birth, years78.363.5
Suicide mortality rate, per 100,000 people6.311.6
Mortality caused by road traffic injury, per 100,000 people13.625.9
Intentional homicides, per 100,000 people2.335.9
International tourism, number of arrivals5.3M10.5M

Government debt & reserves

StatAlbaniaSouth Africa
Central government debt, % of GDP68.6%56.7%
External debt stocks, % of GNI67.2%50.6%
External debt stocks$10.1B$179.3B
Short-term debt, % of total reserves55.6%70.9%
Total debt service, % of exports and primary income20.7%19.9%
Adjusted net savings including particulate emission damage, % of GNI8.2%0.6%
Gross savings, % of GDP16.2%14.9%
Gross capital formation, % of GDP25%17.9%
Total reserves including gold$3.9B$51.6B
Foreign direct investment net inflows$1.2B$5.5B

Exports, imports and economic structure

StatAlbaniaSouth Africa
Exports of goods and services, % of GDP31.7%29.9%
Imports of goods and services, % of GDP45.4%29.6%
Current account balance (balance of payments)-$1B-$13.4B
Revenue excluding grants, % of GDP25.6%30.9%
Grants excluding technical cooperation, BoP$181M$817.9M
Personal remittances received$1.5B$929M
Industry including construction value added, % of GDP21.3%25.9%
Agriculture, forestry and fishing value added, % of GDP18.4%2.2%
Charges for the use of intellectual property, payments BoP$26.4M$1.8B
Charges for the use of intellectual property, receipts BoP$14.9M$120.7M
Expense, % of GDP23.3%34.4%
Government Expenditure, % of GDP29.1%33%

Compare with countries close by GDP per capita

Albania vs

CountryGDP
per capita
Population
Turkmenistan
$7k
5.13M
Peru
$6.9k
30.4M
Colombia
$6.7k
49.1M
Ecuador
$6.3k
15.7M
Belarus
$6.3k
9.49M
Fiji
$6.3k
881k
Suriname
$6.2k
539k
North Macedonia
$6.1k
2.08M
Bosnia and Herzegovina
$6.1k
3.51M
Namibia
$5.9k
2.3M
Iraq
$5.8k
33.4M
Paraguay
$5.8k
6.8M
Iran
$5.6k
77.4M
Jamaica
$5.4k
2.89M
Guyana
$5k
800k
Belize
$4.9k
375k
Azerbaijan
$4.7k
10M
Georgia
$4.7k
3.72M
Guatemala
$4.5k
15.5M
Tonga
$4.4k
105k
Jordan
$4.2k
10.4M
Armenia
$4.2k
2.93M
Samoa
$4.2k
190k
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
6.34M
Indonesia
$3.9k
264M
Marshall Islands
$3.8k
52.6k

South Africa vs

CountryGDP
per capita
Population
Brazil
$8.9k
208M
Montenegro
$8.8k
622k
Cuba
$8.8k
11.3M
Lebanon
$8.3k
4.47M
Botswana
$8.3k
2.02M
Dominican Republic
$8.1k
10.4M
Gabon
$8k
1.67M
Dominica
$7.7k
72k
Saint Vincent
$7.4k
109k
Thailand
$7.3k
65.9M
Serbia
$7.2k
7.02M
Libya
$7.2k
5.66M
Turkmenistan
$7k
5.13M
Peru
$6.9k
30.4M
Colombia
$6.7k
49.1M
Ecuador
$6.3k
15.7M
Belarus
$6.3k
9.49M
Fiji
$6.3k
881k
Suriname
$6.2k
539k
North Macedonia
$6.1k
2.08M
Bosnia and Herzegovina
$6.1k
3.51M
Namibia
$5.9k
2.3M
Iraq
$5.8k
33.4M
Paraguay
$5.8k
6.8M
Iran
$5.6k
77.4M
Jamaica
$5.4k
2.89M
Guyana
$5k
800k
Belize
$4.9k
375k
Azerbaijan
$4.7k
10M
Georgia
$4.7k
3.72M