Albania: Merchandise trade (% of GDP)
In , Albania's Merchandise trade (% of GDP) was 50.33.
That's down 9.5% from 2023, the highest value since .
The global average for this indicator in 2024 was 64.89 . Albania ranks #112 globally out of 197 reporting countries. Within Europe & Central Asia, it ranks #41 of 50.
Source: World Bank Open Data (TG.VAL.TOTL.GD.ZS) • Data as of 2024
Trend (2005–2024)
- 2008 · Global financial crisis
- 2020 · COVID-19 pandemic
- 2014 · Oil price collapse
- 2022 · Russia–Ukraine war begins
Highlights
- Peak
- 66.82
- Trough
- 39.70
- 1-year change
- -9.5%
- 5-year change
- -8.9%
- -1.9% / yr
- 10-year change
- -12.5%
- -1.3% / yr
Historical Data — Last 10 Years
| Year | Merchandise trade (% of GDP) |
|---|---|
| 50.3283 | |
| 55.6292 | |
| 66.8236 | |
| 62.5389 | |
| 52.9871 | |
| 55.2643 | |
| 57.1865 | |
| 57.0436 | |
| 54.8184 | |
| 54.2189 |
About Merchandise trade (% of GDP)
General merchandise trade includes goods whose economic ownership is changed between a resident and a non-resident and that are not included in the following specific categories: goods under merchanting, non-monetary gold, and parts of travel, construction, and government goods and services n.i.e. It is the total of merchandise exports plus merchandise imports. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.
Indicator code: TG.VAL.TOTL.GD.ZS • Category: Trade & Finance
Frequently asked questions
- What was Albania's Merchandise trade (% of GDP) in 2024?
- In 2024, Albania's Merchandise trade (% of GDP) was 50.33, according to World Bank Open Data.
- Is Albania's Merchandise trade (% of GDP) rising or falling?
- Albania's Merchandise trade (% of GDP) fell 9.5% from 2023 to 2024.
- How does Albania rank globally on Merchandise trade (% of GDP)?
- In 2024, Albania ranked #112 out of 197 countries reporting Merchandise trade (% of GDP).
- How does Albania's Merchandise trade (% of GDP) compare to the world average?
- The global average for Merchandise trade (% of GDP) in 2024 was 64.89, so Albania is below the world average. Within Europe & Central Asia, it ranks #41 of 50.
- What is Merchandise trade (% of GDP) and how is it measured?
- General merchandise trade includes goods whose economic ownership is changed between a resident and a non-resident and that are not included in the following specific categories: goods under merchanting, non-monetary gold, and parts of travel, construction, and government goods and services n.i.e. It is the total of merchandise exports plus merchandise imports. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.
Source: World Bank Open Data (TG.VAL.TOTL.GD.ZS), CC BY 4.0.