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Economy of Albania vs Switzerland compared: GDP & Debt

Updated on by Georank

Albania has a GDP of $30.5B compared to $1.04T for Switzerland, ranking 113/197 and 20/197 by economy size, respectively.

Albania has $16.1B in government debt (52.6% of GDP), compared to $411B (39.4% of GDP) in Switzerland.

Albania vs Switzerland GDP by year

Albania
Switzerland
1x
Year GDP, current $
Albania Switzerland
2025 $30,540,188,271 $1,043,529,899,251
2024 $27,037,474,263 $969,919,786,395
2023 $23,491,242,727 $928,435,275,852
2022 $19,017,247,014 $858,479,038,994
2021 $18,031,989,573 $840,710,023,481
2020 $15,241,458,745 $756,096,180,222
2019 $15,585,111,614 $736,384,764,157
2018 $15,379,508,330 $740,766,531,454
2017 $13,258,268,436 $706,660,443,624
2016 $11,988,668,785 $698,607,778,795
2015 $11,470,171,827 $706,199,008,879
2014 $13,296,322,588 $741,168,119,617
2013 $12,796,985,886 $718,748,402,260
2012 $12,246,499,748 $697,882,536,677
2011 $12,973,755,875 $727,231,637,102
2010 $12,086,545,641 $609,999,593,542
2009 $12,335,540,656 $563,659,557,945
2008 $13,258,506,375 $574,703,945,157
2007 $11,116,937,870 $498,993,845,385
2006 $9,150,528,132 $448,364,681,767
2005 $8,256,658,250 $424,511,048,024
2004 $7,406,645,793 $409,012,909,530
2003 $5,801,712,040 $366,563,952,625
2002 $4,515,003,117 $313,930,961,761
2001 $4,059,064,033 $290,160,142,214
2000 $3,584,570,165 $282,327,351,966
1999 $3,283,941,510 $301,911,268,140
1998 $2,600,356,999 $306,907,741,068
1997 $2,293,666,030 $298,868,250,534
1996 $3,234,486,232 $345,373,647,249
1995 $2,905,092,799 $358,152,520,085
1994 $1,880,950,864 $305,916,331,798
1993 $1,185,315,468 $276,339,744,180
1992 $652,174,991 $284,139,428,246
1991 $1,099,559,028 $272,953,645,746
1990 $2,028,553,750 $269,768,238,555
1989 $2,253,090,000 $211,241,694,480
1988 $2,051,236,250 $218,788,504,066
1987 $2,080,796,250 $202,238,567,597
1986 $2,097,326,250 $161,487,171,049
1985 $1,897,050,117 $112,652,623,418
1984 $1,857,337,995 $111,104,641,869
1983 $1,881,412,587 $116,361,728,836
1982 $1,861,163,170 $116,776,899,473
1981 $1,808,177,156 $113,936,168,924
1980 $1,578,102,105 $124,404,609,417
1979 - $116,702,524,208
1978 - $103,821,687,919
1977 - $74,237,819,014
1976 - $69,508,364,538
1975 - $66,452,559,176
1974 - $57,963,469,607
1973 - $50,296,651,921
1972 - $37,399,508,287
1971 - $30,492,832,676
1970 - $25,374,750,743
1969 - $22,780,211,812
1968 - $21,024,203,656
1967 - $19,689,329,510
1966 - $18,290,928,227
1965 - $17,033,079,428
1964 - $16,071,715,835
1963 - $14,499,109,270
1962 - $13,185,384,691
1961 - $11,889,851,950
1960 - $10,569,129,806

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

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

GDP per capita in Albania vs Switzerland by year

Albania
GDP per capita

GDP per capita, PPP
Switzerland
GDP per capita

GDP per capita, PPP
1x
Year Current $
Albania Switzerland
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $12,998 - $114,769 -
2024 $11,374 $26,702 $107,702 $96,498
2023 $9,741 $24,822 $104,450 $95,142
2022 $7,757 $22,138 $97,809 $94,421
2021 $7,242 $18,213 $96,583 $81,001
2020 $6,028 $16,288 $87,530 $72,998
2019 $6,069 $16,442 $85,873 $73,732
2018 $5,898 $15,055 $87,002 $70,689
2017 $5,006 $14,111 $83,610 $68,194
2016 $4,458 $13,056 $83,432 $67,351
2015 $4,200 $12,387 $85,265 $65,265
2014 $4,794 $11,788 $90,512 $63,417
2013 $4,543 $10,882 $88,851 $61,656
2012 $4,281 $10,609 $87,270 $59,441
2011 $4,466 $10,273 $91,910 $57,494
2010 $4,149 $9,755 $77,956 $54,426
2009 $4,214 $9,031 $72,788 $52,999
2008 $4,499 $8,469 $75,148 $53,809
2007 $3,743 $7,585 $66,082 $50,928
2006 $3,058 $6,753 $59,910 $46,266
2005 $2,742 $6,014 $57,080 $41,525
2004 $2,447 $5,595 $55,350 $40,171
2003 $1,909 $5,169 $49,947 $38,732
2002 $1,480 $4,840 $43,094 $38,705
2001 $1,326 $4,451 $40,134 $37,819
2000 $1,160 $3,978 $39,298 $36,703
1999 $1,056 $3,549 $42,261 $34,743
1998 $831 $3,086 $43,166 $33,860
1997 $729 $2,760 $42,160 $32,736
1996 $1,021 $3,054 $48,838 $31,509
1995 $911 $2,777 $50,869 $30,842
1994 $586 $2,385 $43,741 $30,265
1993 $367 $2,143 $39,828 $29,495
1992 $200.9 $1,899 $41,327 $29,113
1991 $337 $1,989 $40,140 $28,792
1990 $617 $2,656 $40,171 $28,461
1989 $698 - $31,780 -
1988 $653 - $33,183 -
1987 $675 - $30,899 -
1986 $694 - $24,828 -
1985 $640 - $17,411 -
1984 $639 - $17,247 -
1983 $662 - $18,128 -
1982 $668 - $18,271 -
1981 $663 - $17,931 -
1980 $591 - $19,686 -
1979 - - $18,541 -
1978 - - $16,528 -
1977 - - $11,819 -
1976 - - $11,029 -
1975 - - $10,484 -
1974 - - $9,140 -
1973 - - $7,974 -
1972 - - $5,973 -
1971 - - $4,908 -
1970 - - $4,105 -
1969 - - $3,712 -
1968 - - $3,465 -
1967 - - $3,286 -
1966 - - $3,091 -
1965 - - $2,908 -
1964 - - $2,776 -
1963 - - $2,546 -
1962 - - $2,366 -
1961 - - $2,188 -
1960 - - $1,984 -

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

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

Albania's GDP per capita is $12,998, ranking 79/197, compared to $114,769 in Switzerland, ranking 5/197. Adjusted for purchasing power (GDP per capita PPP), Albania ranks 79th at $26,702, while Switzerland ranks 8th at $96,498.

Economic indicators

Albania Switzerland
Gross domestic product
$30.5B
2025
$1.04T
2025
GDP rank
113/197
2025
20/197
2025
GDP growth
3.79%
2024-2025
1.3%
2024-2025
GDP per capita
$12,998
2025
$114,769
2025
GDP per capita rank
79/197
2025
5/197
2025
GDP per capita, PPP
$26,702
2024
$96,498
2024
GDP per capita PPP rank
79/197
2024
8/197
2024
Government debt
$16.1B
2025
$411B
2025
Debt-to-GDP ratio
52.6%
2025
39.4%
2025
Government debt per person
$6,837
2025
$45,239
2025
Government debt per person rank
72/185
2025
12/185
2025
Average annual personal income after taxes
$9,481
2026
$89,347
2026
Market capitalization of domestic companies n/a
$2.51T
2025
Number of millionaires n/a
944,000
2026
Number of billionaires
1
2026
45
2026
Income share by richest 10%
22.8%
2020
26.6%
2022
Income share by poorest 10%
3.4%
2020
2.9%
2022
Government expenditure, % of GDP
30.1%
2025
31.2%
2025
Consumer prices inflation
2.2%
2024-2025
0.15%
2024-2025
Central bank interest rate
2.5%
2025
0%
2025
Unemployment rate
8.43%
2024
4.84%
2025
Population
2332078
9155878

Spending and national debt comparison by year

Albania
Spending

Debt
Switzerland
Spending

Debt
1x
Year % of GDP
Albania Switzerland
Government spending Government debt Government spending Government debt
2025 30.1% 52.6% 31.2% 39.4%
2024 28.9% 54.5% 31.3% 40.5%
2023 28.5% 58% 30.9% 37.3%
2022 30.3% 64.7% 30.5% 35.9%
2021 31.9% 74.8% 33.4% 39.7%
2020 32.4% 75.4% 36.3% 42.4%
2019 28.7% 66.6% 31.3% 38.8%
2018 28.7% 68.5% 31.1% 39%
2017 29.2% 71.9% 31.9% 41.1%
2016 29.1% 73.3% 31.9% 40.3%
2015 30.8% 73.7% 31.9% 41.4%
2014 31.7% 72% 31.5% 41.2%
2013 29.2% 70.4% 32% 41.2%
2012 28.2% 62.1% 31.1% 41.9%
2011 28.9% 59.4% 31% 41.2%
2010 29.4% 57.7% 30.9% 40.7%
2009 32.7% 59.7% 31.2% 42.4%
2008 31.7% 55.1% 29.6% 44.2%
2007 29.3% 53.6% 29% 44%
2006 29.2% 56.7% 30.1% 47.7%
2005 28.9% 58.2% 31.9% 54.1%
2004 30.2% 57.5% 32.6% 57.1%
2003 29.7% 60.2% 32.8% 56.2%
2002 31.5% 64.1% 33.6% 56.9%
2001 32.7% 60.6% 31.2% 50.5%
2000 33.8% 63.8% 31.9% 51.7%
1999 37.1% 68.2% 32.8% 52%
1998 36.8% 71.2% 32.3% 55.3%
1997 30.3% 72.2% 32.5% 52.9%
1996 - - 32.5% 50.6%
1995 - - 32% 49.3%
1994 - - 32% 46.4%
1993 - - 31.9% 43.7%
1992 - - 30.8% 38.9%
1991 - - 29% 34.6%
1990 - - 27.2% 32.8%
1989 - - 30% 32.5%
1988 - - 30.3% 35%
1987 - - 29.8% 36.5%
1986 - - 29.8% 37.6%
1985 - - 30.1% 39.1%
1984 - - 30.4% 39.8%
1983 - - 31.2% 40.2%
1982 - - 30.5% 40%
1981 - - 29.4% 40.8%
1980 - - 29.9% 43.9%
1979 - - 30.5% 44.6%
1978 - - 30.4% 46.6%
1977 - - 31% 46.9%
1976 - - 31.6% 46.7%
1975 - - 29.3% 42.3%
1974 - - 27.5% 38.4%
1973 - - 26.5% 37%
1972 - - 25.7% 38%
1971 - - 25.4% 38.7%
1970 - - 25.8% 38.9%
1969 - - 9.45% 7.08%
1968 - - 8.87% 6.99%
1967 - - 8.68% 7.26%
1966 - - 8.95% 7.62%
1965 - - 8.33% 8.28%
1964 - - 8.85% 9.43%
1963 - - 8.2% 10.8%
1962 - - 8.1% 12%
1961 - - 7.97% 14%
1960 - - 7.11% 16.2%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1989, retrieved 2026-07-08).

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

In 2025, Albania's government spending was $9.19B, accounting for 30.1% of its GDP, while Switzerland spent $326B, or 31.2% of GDP.

Debt-to-GDP ratio is 52.6% in Albania and 39.4% in Switzerland, ranking 96/185 and 136/185, respectively.

Government deficit by year

Deficit/surplus
Albania

Switzerland
1x
Year Deficit/surplus, % of GDP
Albania Switzerland
2025 -1.75% 0.45%
2024 -0.72% 0.53%
2023 -1.32% 0.12%
2022 -3.64% 1.15%
2021 -4.57% -0.28%
2020 -6.67% -2.96%
2019 -1.84% 1.31%
2018 -1.58% 1.26%
2017 -1.41% 1.11%
2016 -1.5% 0.23%
2015 -4.32% 0.54%
2014 -5.46% -0.24%
2013 -5.22% -0.42%
2012 -3.44% 0.23%
2011 -3.52% 0.67%
2010 -3.52% 0.35%
2009 -6.59% 0.49%
2008 -4.88% 1.91%
2007 -3.18% 1.55%
2006 -3.26% 0.83%
2005 -3.46% -0.64%
2004 -5.16% -1.37%
2003 -5.01% -1.34%
2002 -6.21% -1.72%
2001 -6.84% 0.2%
2000 -7.77% 0.28%
1999 -8.84% -1.55%
1998 -9.93% -1.29%
1997 -11.9% -2.3%
1996 - -1.98%
1995 - -1.83%
1994 - -2.55%
1993 - -3.1%
1992 - -2.92%
1991 - -1.82%
1990 - -0.05%
1989 - 0.2%
1988 - 0.42%
1987 - 0.78%
1986 - 0.93%
1985 - -0.25%
1984 - -0.52%
1983 - -1.23%
1982 - -1.21%
1981 - -0.54%
1980 - -1.34%
1979 - -1.79%
1978 - -1.12%
1977 - -1.64%
1976 - -1.89%
1975 - -0.93%
1974 - -1.01%
1973 - -0.93%
1972 - -1.39%
1971 - -1.41%
1970 - -1.44%
1969 - -0.98%
1968 - -0.73%
1967 - -1.07%
1966 - -0.87%
1965 - 0.05%
1964 - 0.77%
1963 - 0.25%
1962 - 0.95%
1961 - 0.34%
1960 - 1.95%
1959 - 0.72%
1958 - 0.59%
1957 - 0.66%
1956 - 2.24%
1955 - 1.1%
1954 - 1.44%
1953 - 0.38%
1952 - -1.17%
1951 - -0.36%
1950 - 1.49%
1949 - 0.04%
1948 - 1.37%
1947 - 1.27%
1946 - 0.52%
1945 - -7.57%
1944 - -9.37%
1943 - -8.55%
1942 - -7.28%
1941 - -8.78%
1940 - -10%
1939 - -5.05%
1938 - -1.53%
1937 - -0.17%
1936 - -0.33%
1935 - -0.23%
1934 - -0.33%
1933 - -0.88%
1932 - -0.3%
1931 - 0.03%
1930 - 0.07%
1929 - 0.22%
1928 - -
1927 - -
1926 - -
1925 - -
1924 - -
1923 - -
1922 - -
1921 - -
1920 - -
1919 - -
1918 - -
1917 - -
1916 - -
1915 - -
1914 - -
1913 - -0.12%
1912 - 0.03%
1911 - -0.006%
1910 - -0.14%
1909 - -0.78%
1908 - -0.1%
1907 - -0.02%
1906 - 0.15%
1905 - 0.41%
1904 - 0.002%
1903 - 0.09%
1902 - 0.02%
1901 - -0.14%
1900 - -0.07%
1899 - 0.1%

Data sources: International Monetary Fund (IMF) | Public Finances in Modern History (1899–1989, retrieved 2026-07-08); International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08).

GeoRank.org/economy/albania/switzerland | 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 Switzerland's surplus of $4.71B, or 0.45% of GDP.

Over the past 29 years, Albania recorded a fiscal deficit in 29 of those years, while Switzerland ran a deficit in 11 years. On average, Albania posted an annual deficit equal to 4.6% of GDP, compared to deficit of 0.03% of GDP for Switzerland.

Inflation comparison by year

Inflation
Albania

Switzerland
1x
Year Consumer prices inflation
Albania Switzerland
2025 2.2% 0.15%
2024 2.2% 1.06%
2023 4.8% 2.14%
2022 6.7% 2.84%
2021 2% 0.58%
2020 1.6% -0.73%
2019 1.4% 0.36%
2018 2% 0.94%
2017 2% 0.53%
2016 1.3% -0.43%
2015 1.9% -1.14%
2014 1.6% -0.01%
2013 1.9% -0.22%
2012 2% -0.69%
2011 3.4% 0.23%
2010 3.6% 0.69%
2009 2.2% -0.48%
2008 3.3% 2.43%
2007 3% 0.73%
2006 2.4% 1.06%
2005 2.4% 1.17%
2004 2.9% 0.8%
2003 2.4% 0.64%
2002 5.2% 0.64%
2001 3.1% 0.99%
2000 0% 1.56%
1999 0.4% 0.81%
1998 20.6% 0.02%
1997 33.2% 0.52%

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/switzerland | CC BY

Over the past 29 years, Albania has recorded an average annual inflation rate of 4.2%, compared with 0.59% in Switzerland. In 2025, inflation was 2.2% in Albania and 0.15% in Switzerland.

Top exports between countries

Albania
Export category Export value
Transport & tourism services $61.9M
Business & finance services $16.6M
Raw materials & minerals $10.7M
IT & IP services $6.16M
Metals $5.48M
Raw agricultural goods $2.97M
Textiles & consumer goods $1.43M
Government & miscellaneous services $1.18M
Wood & paper products $1.03M
Processed food, beverages & tobacco $596K
Switzerland
Export category Export value
Chemicals & pharma $51.5M
Machinery & equipment $22.9M
Precious metals & jewellery $6.27M
Wood & paper products $4.77M
Textiles & consumer goods $1.61M
Metals $794K
Processed food, beverages & tobacco $563K
Miscellaneous $263K
Raw materials & minerals $245K
Animal & marine products $56K

Balance of trade

Albania Switzerland
Current account balance
-$161M
2025
$72.9B
2025
Current account balance ranking
86/190
2025
11/190
2025
Current account balance, % of GDP
-0.53%
2025
+6.98%
2025
Goods imports
$8.52B
2025
$508B
2025
Goods exports
$1.76B
2025
$617B
2025
Service imports
$4.55B
2025
$214B
2025
Service exports
$9.66B
2025
$195B
2025
Imports of goods and services, % of GDP
42.5%
2025
69.1%
2025
Exports of goods and services, % of GDP
37%
2025
78.1%
2025

Economic freedom indices

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

Albania Switzerland
Economic freedom 68 83.7
Economic freedom ranking 50/197 2/197
Property rights 57.6 94.4
Government integrity 41.9 93.3
Judicial effectiveness 59.9 98.3
Tax burden 89.3 70.9
Government spending 74.3 69.5
Fiscal health 88 97.2
Business freedom 76.6 86.3
Labor freedom 46.2 60
Monetary freedom 78.6 82.3
Trade freedom 83 87
Investment freedom 60 85
Financial freedom 60 80

Economic freedom comparison by year

Albania
Switzerland
1x
Year Economic freedom index
Albania Switzerland
2026 68 83.7
2025 66.6 83.7
2024 64.8 83
2023 65.3 83.8
2022 66.6 84.2
2021 65.2 81.9
2020 66.9 82
2019 66.5 81.9
2018 64.5 81.7
2017 64.4 81.5
2016 65.9 81
2015 65.7 80.5
2014 66.9 81.6
2013 65.2 81
2012 65.1 81.1
2011 64 81.9
2010 66 81.1
2009 63.7 79.4
2008 62.4 79.5
2007 61.4 78
2006 60.3 78.9
2005 57.8 79.3
2004 58.5 79.5
2003 56.8 79
2002 56.8 79.3
2001 56.6 76
2000 53.6 76.8
1999 53.4 79.1
1998 53.9 79
1997 54.8 78.6
1996 53.8 76.8
1995 49.7 -

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

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

The Economic Freedom Index for Albania is 68, ranking 50/197, compared to 83.7 for Switzerland, ranking 2/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Albania Switzerland
Services, % of GDP
49.7%
2025
71.7%
2025
Industry, % of GDP
21.8%
2025
25%
2025
Agriculture, forestry, and fishing, % of GDP
14.8%
2025
0.64%
2025
GNI, Atlas method
$28.3B
2025
$1T
2025
GNI per capita, PPP
$28,170
2025
$101,690
2025
Total reserves including gold
$8.6B
2025
$1.08T
2025
Total reserves ranking
86/177
2025
4/177
2025
Net foreign direct investment
-$1.51B
2025
$37.6B
2025
Net inflows of foreign direct investment
$1.71B
2024
-$108B
2024
Net outflows of foreign direct investment
$261M
2024
-$27.9B
2024
Servicing debt to the IMF, % of GNI
3.25%
2024
n/a
Poverty at national poverty lines
19.7%
2022
15.8%
2021
Gross capital formation, % of GDP
25%
2024
29.5%
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/switzerland | 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 (1990–2025, retrieved 2026-07-08)
  3. International Monetary Fund (IMF) | Public Finances in Modern History (1899–1989, retrieved 2026-07-08)
  4. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08)
  5. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  6. TradeMap (2018–2025, retrieved 2026-07-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  8. LivingCost (2026, retrieved 2026-07-08)

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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.