Albania's gross capital formation (annual % growth) was 14.22% in 2024, the latest year in the World Bank's World Development Indicators. That is up 13.14 percentage points from 1.08% in 2014.
Key figures
| Value | Year | |
|---|---|---|
| Latest | 14.22% | 2024 |
| Five years earlier | -3.93% | 2019 |
| Ten years earlier | 1.08% | 2014 |
| Highest | 73.07% | 1998 |
| Lowest | -8.78% | 2012 |
| Average since 2015 | 4.01% | 2015–2024 |
| First recorded | 6.92% | 1996 |
What the numbers say
In 2024, Albania's gross capital formation (annual % growth) rose 20.08 percentage points on 2023 (from -5.86% to 14.22%).
Across the 27 yearly changes before that (1997 to 2023), the average change was −0.47 percentage points and a typical year strayed about 16.91 percentage points from that (the standard deviation). This year's change was 1.2 standard deviations above that average, so it was larger than a typical year, though not out of the range seen before.
On record, the biggest yearly rise was 49.21 percentage points in 1998 and the biggest yearly fall was 41.88 percentage points in 1999. 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 there is no clear straight-line trend: a straight line explains 3% of the movement over 10 observed years, so the value is moving around more than it is heading anywhere.
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 5th highest value of the 31 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 | 14.22% | 2024 |
| World | 2.87% | 2025 |
| Europe & Central Asia | 3.62% | 2025 |
| Upper middle income | 2.14% | 2025 |
Closest to Albania in the 2024 ranking
- Kiribati — 2nd of 31: 32.07%
- Maldives — 3rd of 31: 20.4%
- Bahamas, The — 4th of 31: 19.77%
- Botswana — 6th of 31: 14.01%
- Marshall Islands — 7th of 31: 13.84%
- Vanuatu — 8th of 31: 13.21%
What this measures
Gross capital formation includes acquisitions less disposals of produced assets for purposes of fixed capital formation, inventories or valuables. This indicator denotes the percentage change over each previous year of the constant price (base year 2015) series in United States dollars.
Regional and income-group figures are computed by the World Bank as a weighted average.
All 29 values
| Year | Gross capital formation (annual % growth) |
|---|---|
| 2024 | 14.22 |
| 2023 | -5.86 |
| 2022 | 0.1518 |
| 2021 | 21.03 |
| 2020 | 0.5569 |
| 2019 | -3.93 |
| 2018 | 1.82 |
| 2017 | 8.17 |
| 2016 | 1.89 |
| 2015 | 2.03 |
| 2014 |
Gross capital formation (annual % growth) in nearby economies
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 gross capital formation (annual % growth)?
- 14.22% in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 1996?
- It is up 7.3 percentage points from 6.92% in 1996. The highest value was 73.07% in 1998 and the lowest -8.78% in 2012.
- How does Albania rank?
- 5th highest of 31 economies with data for 2024.
- Is the latest change in gross capital formation (annual % growth) unusual for Albania?
- In 2024, Albania's gross capital formation (annual % growth) rose 20.08 percentage points on 2023 (from -5.86% to 14.22%). Across the 27 yearly changes before that (1997 to 2023), the average change was −0.47 percentage points and a typical year strayed about 16.91 percentage points from that (the standard deviation). This year's change was 1.2 standard deviations above that average, so it was larger than a typical year, though not out of the range seen before.
Source
World Bank, World Development Indicators, indicator NE.GDI.TOTL.KD.ZG, licensed CC BY 4.0. Original source: Country official statistics, National Statistical Organizations and/or Central Banks; National Accounts data files, Organisation for Economic Co-operation and Development (OECD); Staff estimates, 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.
Want to ask your own questions of data like this? Try AnalyzeIt: upload a file or ask about public data in plain words, and every figure comes with its working.
Legal entity
Devansh Yadav
Moradabad, Uttar Pradesh
Governing law: Courts at Moradabad, Uttar Pradesh
Phone: +91 8433475698
Legal: legal@analyzeit.in