Albania: Trade (% of GDP)
In , Albania's Trade (% of GDP) was 79.45.
That's down 3.5% from 2023, the highest value since .
The global average for this indicator in 2024 was 92.19 . Albania ranks #83 globally out of 160 reporting countries. Within Europe & Central Asia, it ranks #37 of 49.
Source: World Bank Open Data (NE.TRD.GNFS.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
- 84.70
- Trough
- 59.52
- 1-year change
- -3.5%
- 5-year change
- +5.4%
- +1.1% / yr
- 10-year change
- +5.9%
- +0.6% / yr
Historical Data — Last 10 Years
| Year | Trade (% of GDP) |
|---|---|
| 79.4546 | |
| 82.3525 | |
| 84.6980 | |
| 75.5904 | |
| 59.5207 | |
| 75.3821 | |
| 75.6941 | |
| 76.7874 | |
| 74.0145 | |
| 71.2794 |
About Trade (% of GDP)
Trade is the sum of exports and imports of goods and services. 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: NE.TRD.GNFS.ZS • Category: Economy
Frequently asked questions
- What was Albania's Trade (% of GDP) in 2024?
- In 2024, Albania's Trade (% of GDP) was 79.45, according to World Bank Open Data.
- Is Albania's Trade (% of GDP) rising or falling?
- Albania's Trade (% of GDP) fell 3.5% from 2023 to 2024.
- How does Albania rank globally on Trade (% of GDP)?
- In 2024, Albania ranked #83 out of 160 countries reporting Trade (% of GDP).
- How does Albania's Trade (% of GDP) compare to the world average?
- The global average for Trade (% of GDP) in 2024 was 92.19, so Albania is below the world average. Within Europe & Central Asia, it ranks #37 of 49.
- What is Trade (% of GDP) and how is it measured?
- Trade is the sum of exports and imports of goods and services. 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 (NE.TRD.GNFS.ZS), CC BY 4.0.