Current account balance (credit less debit), Net (credits less) in Albania
Albania: Current account balance (credit less debit), Net (credits less) was -647.91 million in 2024. ▲ Rising
Current account balance (credit less debit), Net (credits less debits) in Albania, 2005–2024
Source: International Monetary Fund.
Analysis
Albania recorded -647.91 million for current account balance (credit less debit), net (credits less debits) in 2024.
The figure is down 130.0% on the previous year and up 54.5% over ten years.
Over the whole period, current account balance (credit less debit), net (credits less debits) in Albania peaked at -281.71 million in 2023 and was at its lowest, -2.01 billion, in 2008.
That places Albania 118th out of 198 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently rising across the 20 years of available data.
Current account balance (credit less debit), Net (credits less) in Albania, year by year
| Year | Value | Change |
|---|---|---|
| 2005 | -571.48 million | — |
| 2006 | -670.90 million | +17.4% |
| 2007 | -1.15 billion | +71.5% |
| 2008 | -2.01 billion | +74.9% |
| 2009 | -1.85 billion | -8.0% |
| 2010 | -1.36 billion | -26.8% |
| 2011 | -1.67 billion | +23.0% |
| 2012 | -1.26 billion | -24.6% |
| 2013 | -1.18 billion | -5.7% |
| 2014 | -1.43 billion | +20.3% |
| 2015 | -979.83 million | -31.3% |
| 2016 | -900.36 million | -8.1% |
| 2017 | -982.24 million | +9.1% |
| 2018 | -1.02 billion | +3.5% |
| 2019 | -1.22 billion | +19.9% |
| 2020 | -1.31 billion | +7.9% |
| 2021 | -1.37 billion | +4.2% |
| 2022 | -1.12 billion | -18.5% |
| 2023 | -281.71 million | -74.8% |
| 2024 | -647.91 million | +130.0% |
Albania compared with similar countries
- Albania's -647.91 million is below the median for upper middle income countries, which is -494.28 million, 1.3× the median. (54 countries reporting)
- Albania's -647.91 million is below the median for Europe & Central Asia, which is -449.44 million, 1.4× the median. (50 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -1.25 billion | -2.01 billion | -571.48 million | 5 |
| 2010s | -1.20 billion | -1.67 billion | -900.36 million | 10 |
| 2020s | -946.13 million | -1.37 billion | -281.71 million | 5 |
Countries ranked near Albania
- 115 Sierra Leone -606.36 million compare
- 116 El Salvador -632.55 million compare
- 117 Uruguay -632.87 million compare
- 119 New Caledonia -654.24 million compare
- 120 Curacao -654.69 million compare
- 121 Bhutan -669.77 million compare
More financial sector data for Albania
- Reserve position in the IMF, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0012 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 15.16 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 0 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0009 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 11.07 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0012 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 15.16 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 0 % change on previous year (2025)
Frequently asked questions
- What is current account balance (credit less debit), net (credits less debits) in Albania?
- Current account balance (credit less debit), net (credits less debits) in Albania was -647.91 million in 2024, according to International Monetary Fund.
- What is the highest current account balance (credit less debit), net (credits less debits) recorded in Albania?
- The highest recorded value was -281.71 million in 2023.
- What is the lowest current account balance (credit less debit), net (credits less debits) recorded in Albania?
- The lowest recorded value was -2.01 billion in 2008.
- How does Albania rank for current account balance (credit less debit), net (credits less debits)?
- Albania ranks 118th out of 198 countries with data for 2024.
- Is current account balance (credit less debit), net (credits less debits) rising or falling in Albania?
- Over the last ten years it is up 54.5%. The long-run trend across the full record is rising.
- Where does this Albania data come from?
- The figures come from International Monetary Fund, published as part of Current account balance (credit less debit), Net (credits less debits) (US dollar). Statizoid updates them automatically from the source API.
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About this data
The World and Country Group Aggregates (historically called BOPSY) is an annual publication, released each November, of major balance of payments and international investment position components for countries, country groups, and the world.