Albania's gross capital formation (current LCU) was 628.23 billion in 2024, the latest year in the World Bank's World Development Indicators. That is up 58.26% from 396.97 billion in 2014 (4.7% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | 628.23 billion | 2024 |
| Five years earlier | 432.93 billion | 2019 |
| Ten years earlier | 396.97 billion | 2014 |
| Highest | 628.23 billion | 2024 |
| Lowest | 1.2 billion | 1991 |
| Average since 2015 | 484.91 billion | 2015–2024 |
| First recorded | 5.37 billion |
What the numbers say
In 2024, Albania's gross capital formation (current LCU) rose 13.4% on 2023 (from 554.17 billion to 628.23 billion).
Across the 30 yearly changes before that (1994 to 2023), the average change was +14.4% and a typical year strayed about 24.1% from that (the standard deviation). This year's change was 0.0 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 497.7% in 1993 and the biggest yearly fall was 75.6% in 1991. 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 24.7 billion a year. A straight line explains 85% 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 9th highest value of the 38 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
- Lebanon — 5th of 38: 33.59 trillion
- Angola — 6th of 38: 11.06 trillion
- United States — 7th of 38: 6.31 trillion
- Cuba — 9th of 38: 262.66 billion
- Afghanistan — 10th of 38: 215.62 billion
- New Caledonia — 11th of 38: 208.58 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 current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.
All 45 values
| Year | Gross capital formation (current LCU) |
|---|---|
| 2024 | 628,233,701,600 |
| 2023 | 554,169,446,000 |
| 2022 | 576,181,521,100 |
| 2021 | 535,217,052,400 |
| 2020 | 434,171,764,600 |
| 2019 | 432,931,919,500 |
| 2018 | 450,502,477,300 |
| 2017 | 436,728,827,600 |
| 2016 | 399,078,800,500 |
| 2015 | 401,849,486,300 |
Gross capital formation (current LCU) in nearby economies
- Armenia — 2.74 trillion (2025)
- Austria — 121.33 billion (2025)
- Azerbaijan — 24.38 billion (2025)
- Belarus — 77.75 billion (2025)
- Belgium — 165.3 billion (2025)
- Bosnia and Herzegovina — 16.25 billion (2025)
- Bulgaria — 25.2 billion (2025)
- Croatia — 22.86 billion (2025)
- Cyprus — 7.03 billion (2025)
- Czechia — 2.29 trillion (2025)
- Denmark
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 (current LCU)?
- 628.23 billion in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 1980?
- It is up 11,603% from 5.37 billion in 1980 (11.43% a year on average, compounded). The highest value was 628.23 billion in 2024 and the lowest 1.2 billion in 1991.
- How does Albania rank?
- 9th highest of 38 economies with data for 2024.
- Is the latest change in gross capital formation (current LCU) unusual for Albania?
- In 2024, Albania's gross capital formation (current LCU) rose 13.4% on 2023 (from 554.17 billion to 628.23 billion). Across the 30 yearly changes before that (1994 to 2023), the average change was +14.4% and a typical year strayed about 24.1% from that (the standard deviation). This year's change was 0.0 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 NE.GDI.TOTL.CN, 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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