Albania's gross capital formation (constant LCU) was 565.85 billion in 2024, the latest year in the World Bank's World Development Indicators. That is up 44.17% from 392.49 billion in 2014 (3.73% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | 565.85 billion | 2024 |
| Five years earlier | 431.77 billion | 2019 |
| Ten years earlier | 392.49 billion | 2014 |
| Highest | 565.85 billion | 2024 |
| Lowest | 67.83 billion | 1995 |
| Average since 2015 | 467.83 billion | 2015–2024 |
| First recorded | 67.83 billion |
What the numbers say
In 2024, Albania's gross capital formation (constant LCU) rose 14.2% on 2023 (from 495.41 billion to 565.85 billion).
Across the 28 yearly changes before that (1996 to 2023), the average change was +8.5% and a typical year strayed about 17.7% from that (the standard deviation). This year's change was 0.3 standard deviations above 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 73.1% in 1998 and the biggest yearly fall was 8.8% in 2012. 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 16.7 billion a year. A straight line explains 80% 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 7th 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.
Closest to Albania in the 2024 ranking
- Kazakhstan — 3rd of 31: 7.77 trillion
- United States — 4th of 31: 5.41 trillion
- Angola — 5th of 31: 2.64 trillion
- Lebanon — 7th of 31: 123.03 billion
- Bhutan — 8th of 31: 94.68 billion
- New Zealand — 9th of 31: 80.47 billion
What this measures
Gross capital formation includes acquisitions less disposals of produced assets for purposes of fixed capital formation, inventories or valuables. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment varies by country. This series is expressed in local currency units.
All 30 values
| Year | Gross capital formation (constant LCU) |
|---|---|
| 2024 | 565,846,526,300 |
| 2023 | 495,406,481,400 |
| 2022 | 526,266,994,100 |
| 2021 | 525,469,389,700 |
| 2020 | 434,171,764,600 |
| 2019 | 431,767,226,100 |
| 2018 | 449,425,154,200 |
| 2017 | 441,388,929,300 |
| 2016 | 408,057,032,100 |
| 2015 | 400,476,621,900 |
Gross capital formation (constant LCU) in nearby economies
- Armenia — 2.15 trillion (2025)
- Austria — 94.52 billion (2025)
- Belarus — 57.67 billion (2025)
- Belgium — 123.12 billion (2025)
- Bosnia and Herzegovina — 12.75 billion (2025)
- Bulgaria — 14.78 billion (2025)
- Croatia — 16.62 billion (2025)
- Cyprus — 5.78 billion (2025)
- Czechia — 1.77 trillion (2025)
- Denmark — 564.72 billion (2025)
- Estonia
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 (constant LCU)?
- 565.85 billion in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 1995?
- It is up 734.18% from 67.83 billion in 1995 (7.59% a year on average, compounded). The highest value was 565.85 billion in 2024 and the lowest 67.83 billion in 1995.
- How does Albania rank?
- 7th highest of 31 economies with data for 2024.
- Is the latest change in gross capital formation (constant LCU) unusual for Albania?
- In 2024, Albania's gross capital formation (constant LCU) rose 14.2% on 2023 (from 495.41 billion to 565.85 billion). Across the 28 yearly changes before that (1996 to 2023), the average change was +8.5% and a typical year strayed about 17.7% from that (the standard deviation). This year's change was 0.3 standard deviations above 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 NE.GDI.TOTL.KN, 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.
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