Albania's external debt stocks, total (DOD, current US$) was US$10.71 billion in 2024, the latest year in the World Bank's World Development Indicators. That is up 25.84% from US$8.51 billion in 2014 (2.32% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | US$10.71 billion | 2024 |
| Five years earlier | US$9.27 billion | 2019 |
| Ten years earlier | US$8.51 billion | 2014 |
| Highest | US$11.32 billion | 2023 |
| Lowest | US$458.86 million | 1995 |
| Average since 2015 | US$9.97 billion | 2015–2024 |
| First recorded | US$511.49 million |
What the numbers say
In 2024, Albania's external debt stocks, total (DOD, current US$) fell 5.3% on 2023 (from US$11.32 billion to US$10.71 billion).
Across the 30 yearly changes before that (1994 to 2023), the average change was +10.8% and a typical year strayed about 17.1% from that (the standard deviation). This year's change was 0.9 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
On record, the biggest yearly rise was 45.1% in 2000 and the biggest yearly fall was 48% in 1995. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.
From 2015 to 2024 the straight-line trend is upward, about US$293.88 million a year. A straight line explains 79% of the movement over 10 observed years.
Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.
How it compares
In 2024, Albania had the 67th highest value of the 118 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.
| Value | Year | |
|---|---|---|
| Albania | US$10.71 billion | 2024 |
| Upper middle income | US$6.36 trillion | 2024 |
Closest to Albania in the 2024 ranking
- Kyrgyz Republic — 64th of 118: US$11.69 billion
- Myanmar — 65th of 118: US$11.17 billion
- Burkina Faso — 66th of 118: US$10.85 billion
- Moldova — 68th of 118: US$10.49 billion
- Nepal — 69th of 118: US$10.15 billion
- Iran, Islamic Rep. — 70th of 118: US$9.65 billion
What this measures
Total external debt is debt owed to nonresidents repayable in currency, goods, or services. Total external debt is the sum of public, publicly guaranteed, and private nonguaranteed long-term debt, use of IMF credit, and short-term debt. Short-term debt includes all debt having an original maturity of one year or less and interest in arrears on long-term debt. Data are in current U.S. dollars.
Regional and income-group figures are computed by the World Bank as a sum.
All 34 values
| Year | External debt stocks, total (DOD, current US$) |
|---|---|
| 2024 | 10,712,630,801 |
| 2023 | 11,315,021,853 |
| 2022 | 10,420,148,491 |
| 2021 | 11,054,994,588 |
| 2020 | 10,477,651,759 |
| 2019 | 9,274,431,083 |
| 2018 | 9,651,016,802 |
| 2017 | 9,801,555,134 |
| 2016 | 8,516,021,768 |
| 2015 | 8,447,105,963 |
External debt stocks, total (DOD, current US$) in nearby economies
- Armenia — US$16.4 billion (2024)
- Azerbaijan — US$12.2 billion (2024)
- Belarus — US$34.22 billion (2024)
- Bosnia and Herzegovina — US$13.89 billion (2024)
- Bulgaria — US$47.21 billion (2022)
- Georgia — US$25.16 billion (2024)
- Kazakhstan — US$167.54 billion (2024)
- Kosovo — US$4.4 billion (2024)
- Kyrgyz Republic — US$11.69 billion (2024)
- Moldova
More economic policy & debt data for Albania
- Adjusted savings, education expenditure (% of GNI) — 2.79% (2021)
- Adjusted savings, net forest depletion (current US$) — US$25.28 million (2021)
- Adjusted savings, mineral depletion (current US$) — US$11.41 million (2021)
- Adjusted savings, energy depletion (current US$) — US$107.57 million (2021)
- Trade in services (% of GDP) — 46.51% (2025)
- Communications, computer, etc. (% of service imports, BoP) — 10.43% (2025)
- Primary income payments (BoP, current US$) — US$1.25 billion (2025)
- Imports of goods and services (current US$, BoP) — US$13.07 billion (2025)
- Insurance and financial services (% of service imports, BoP)
Reading data like this
Questions people ask
- What is Albania's external debt stocks, total (DOD, current US$)?
- US$10.71 billion in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 1991?
- It is up 1,994% from US$511.49 million in 1991 (9.66% a year on average, compounded). The highest value was US$11.32 billion in 2023 and the lowest US$458.86 million in 1995.
- How does Albania rank?
- 67th highest of 118 economies with data for 2024.
- Is the latest change in external debt stocks, total (DOD, current US$) unusual for Albania?
- In 2024, Albania's external debt stocks, total (DOD, current US$) fell 5.3% on 2023 (from US$11.32 billion to US$10.71 billion). Across the 30 yearly changes before that (1994 to 2023), the average change was +10.8% and a typical year strayed about 17.1% from that (the standard deviation). This year's change was 0.9 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
Source
World Bank, World Development Indicators, indicator DT.DOD.DECT.CD, licensed CC BY 4.0. Original source: International Debt Statistics, World Bank (WB) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.
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