Albania vs the United Kingdom: Economic Indicators Comparison

The United Kingdom with a GDP of $2.9T ranked the 5th largest economy in the world, while Albania ranked 123rd with $15.1B. By GDP 5-years average growth and GDP per capita, the United Kingdom and Albania ranked 126th vs 84th and 23rd vs 107th, respectively.

Gross Domestic Product & Income

StatAlbaniaUnited Kingdom
GDP$15.1B$2.9T
GDP growth, 1 year4.2%1.4%
GDP growth, 5-years average3.1%2.1%
Population3M66M
GDP per capita$5.3k$43k
GDP per capita growth4.4%0.73%
Purchasing Power Parity conversion factor42.570.7
Price level ratio of PPP conversion factor GDP to market exchange rate0.390.93
GDP per capita, PPP adjusted$13k$46k
GNI, Atlas method$13.9B$2.8T
GNI per capita$4.9k$42k
GNI, PPP adjusted$38.3B$3T
GNI per capita, PPP adjusted$13k$45k

Financial system and Human development

StatAlbaniaUnited Kingdom
Income Tax Rate23%45%
Corporate Tax Rate15%20%
Inflation, consumer prices2%2.5%
Inflation, GDP deflator0.9%1.9%
Unemployment13.9%4%
Economic Freedom Index66.979.3
Personal Freedom Index8.079.08
Human Freedom Index7.688.55
Property Rights Index57.192.2
Judical Effectiveness Index3382.7
Business Freedom Index65.794.7
Fiscal Health Index86.378.1
Labor Freedom Index52.173.1
Investment Freedom Index7080
Financial Freedom Index7080
Trade Freedom Index88.486.4
Monetary Freedom Index81.280.3
Government Spending Index74.649.5
Tax Burden Index85.964.7
Government Integrity Index38.889.9
Corruption Perceptions Index3680
Life expectancy at birth, years78.381.2
Suicide mortality rate, per 100,000 people6.38.9
Mortality caused by road traffic injury, per 100,000 people13.63.1
Intentional homicides, per 100,000 people2.31.2
International tourism, number of arrivals5.3M36.3M

Government debt & reserves

StatAlbaniaUnited Kingdom
Central government debt, % of GDP68.6%86.9%
External debt stocks, % of GNI67.2%N/A
External debt stocks$10.1BN/A
Short-term debt, % of total reserves55.6%N/A
Total debt service, % of exports and primary income20.7%N/A
Adjusted net savings including particulate emission damage, % of GNI8.2%5.5%
Gross savings, % of GDP16.2%13.4%
Gross capital formation, % of GDP25%17.3%
Total reserves including gold$3.9B$172.7B
Foreign direct investment net inflows$1.2B$35.1B

Exports, imports and economic structure

StatAlbaniaUnited Kingdom
Exports of goods and services, % of GDP31.7%30%
Imports of goods and services, % of GDP45.4%31.8%
Current account balance (balance of payments)-$1B-$123.1B
Revenue excluding grants, % of GDP25.6%35.3%
Grants excluding technical cooperation, BoP$181MN/A
Personal remittances received$1.5B$4.4B
Industry including construction value added, % of GDP21.3%17.5%
Agriculture, forestry and fishing value added, % of GDP18.4%0.6%
Charges for the use of intellectual property, payments BoP$26.4M$13.5B
Charges for the use of intellectual property, receipts BoP$14.9M$21.7B
Expense, % of GDP23.3%36%
Government Expenditure, % of GDP29.1%41%

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

United Kingdom vs

CountryGDP
per capita
Population
Iceland
$73k
357k
Qatar
$69k
2.64M
Singapore
$65k
5.89M
United States
$63k
325M
Denmark
$61k
5.83M
Australia
$57k
24.5M
Sweden
$55k
10.3M
Netherlands
$53k
17.3M
Austria
$51k
8.81M
Finland
$50k
5.5M
San Marino
$48k
33.4k
Germany
$48k
83.1M
Belgium
$48k
11.4M
Canada
$46k
37.9M
United Arab Emirates
$43k
9.4M
Andorra
$42k
76.2k
New Zealand
$42k
4.94M
Israel
$42k
9.09M
France
$41k
66.6M
Japan
$39k
127M
Italy
$34k
60.3M
Kuwait
$34k
4.6M
Bahamas
$32k
395k
Brunei
$32k
429k
South Korea
$31k
51.5M
Spain
$30k
46.7M
Malta
$30k
465k
Cyprus
$28k
1.14M
Slovenia
$26k
2.07M
Taiwan
$25k
23.6M