Albania recorded a Current Account deficit of 7.80 percent of the country's Gross Domestic Product in 2022. source: Bank of Albania

Current Account to GDP in Albania averaged -5.84 percent of GDP from 1980 until 2022, reaching an all time high of 2.24 percent of GDP in 1999 and a record low of -15.70 percent of GDP in 2008. This page provides - Albania Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. Albania Current Account to GDP - values, historical data and charts - was last updated on June of 2023.

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Albania Current Account to GDP



Related Last Previous Unit Reference
Current Account to GDP -7.80 -7.50 percent of GDP Dec 2022
Current Account -477.26 -149.70 EUR Million Dec 2022
Capital Flows -276.22 -144.72 EUR Million Dec 2022
Remittances 241.69 215.90 EUR Million Dec 2022
Foreign Direct Investment 388.27 344.27 EUR Million Dec 2022
External Debt 9798.90 9893.10 EUR Million Dec 2022

Albania Current Account to GDP
The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes.
Actual Previous Highest Lowest Dates Unit Frequency
-7.80 -7.50 2.24 -15.70 1980 - 2022 percent of GDP Yearly