Albania's PPG, IDA (DOD, current US$) was US$338.41 million in 2024, the latest year in the World Bank's World Development Indicators. That is down 58.41% from US$813.58 million in 2014 (8.4% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | US$338.41 million | 2024 |
| Five years earlier | US$597.4 million | 2019 |
| Ten years earlier | US$813.58 million | 2014 |
| Highest | US$874.01 million | 2012 |
| Lowest | US$2.04 million | 1992 |
| Average since 2015 | US$564.47 million | 2015–2024 |
| First recorded | US$2.04 million |
What the numbers say
In 2024, Albania's PPG, IDA (DOD, current US$) fell 13.3% on 2023 (from US$390.32 million to US$338.41 million).
Across the 30 yearly changes before that (1994 to 2023), the average change was +12% and a typical year strayed about 29.7% 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 1,256.8% in 1993 and the biggest yearly fall was 14.5% in 2022. 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 downward, about US$46.84 million a year. A straight line explains 98% 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.
A straight-line projection, tested first
Extending that straight line gives about US$214.22 million for 2027. We show this only because the same method, fitted on earlier years, predicted 2022 to 2024 better than "no change" would have: its average miss was US$65.46 million, against US$118.96 million for assuming no change. Treat it as a continuation of the recent pattern, not a forecast of events: it cannot see a recession, a policy change or a revision to the data.
See how a linear trend forecast works and the guide on forecasting without fooling yourself.
How it compares
In 2024, Albania had the 53rd highest value of the 94 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$338.41 million | 2024 |
| Upper middle income | US$12.23 billion | 2024 |
Closest to Albania in the 2024 ranking
- Bhutan — 50th of 94: US$419.6 million
- Eritrea — 51st of 94: US$407.4 million
- Tajikistan — 52nd of 94: US$369.36 million
- Djibouti — 54th of 94: US$295.54 million
- Angola — 55th of 94: US$283.42 million
- Afghanistan — 56th of 94: US$279.74 million
What this measures
Public and publicly guaranteed debt outstanding from the International Development Association (IDA) is concessional. Concessional debt is defined as loans with an original grant element of 35 percent or more. The grant element of a loan is the grant equivalent expressed as a percentage of the amount committed. It is used as a measure of the overall cost of borrowing. The grant equivalent of a loan is its commitment (present) value, less the discounted present value of its contractual debt service; conventionally, future service payments are discounted at 5 percent. Data are in current U.S. dollars.
Regional and income-group figures are computed by the World Bank as a sum.
All 33 values
| Year | PPG, IDA (DOD, current US$) |
|---|---|
| 2024 | 338,405,000 |
| 2023 | 390,321,000 |
| 2022 | 432,730,000 |
| 2021 | 506,109,000 |
| 2020 | 572,072,000 |
| 2019 | 597,396,000 |
| 2018 | 647,288,000 |
| 2017 | 704,946,000 |
| 2016 | 701,024,000 |
| 2015 | 754,393,000 |
| 2014 |
PPG, IDA (DOD, current US$) in nearby economies
- Armenia — US$648.66 million (2024)
- Azerbaijan — US$132.9 million (2024)
- Bosnia and Herzegovina — US$507.75 million (2024)
- Georgia — US$479.5 million (2024)
- Kosovo — US$276.57 million (2024)
- Kyrgyz Republic — US$749.7 million (2024)
- Moldova — US$792.25 million (2024)
- Montenegro — US$3.85 million (2024)
- North Macedonia — US$120.79 million (2024)
- Serbia — US$9.97 million (2024)
- Tajikistan — US$369.36 million (2024)
More economic policy & debt data for Albania
- Adjusted savings, education expenditure (% of GNI) — 2.79% (2021)
- Adjusted savings, net forest depletion (current US$) — 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$13.07 billion (2025)
- Insurance and financial services (% of service imports, BoP)
Reading data like this
Questions people ask
- What is Albania's PPG, IDA (DOD, current US$)?
- US$338.41 million in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 1992?
- It is up 16,513% from US$2.04 million in 1992 (17.32% a year on average, compounded). The highest value was US$874.01 million in 2012 and the lowest US$2.04 million in 1992.
- How does Albania rank?
Source
World Bank, World Development Indicators, indicator DT.DOD.MIDA.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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