Compensation of employees in Albania
Albania: Compensation of employees was 138.37 billion current LCU in 2024. ▲ Rising
Compensation of employees in Albania, 1995–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
The most recent figure for compensation of employees in Albania is 138.37 billion current LCU, measured in 2024. That is the highest value across all 20 years on record.
That represents a change of up 12.1% on the previous year and up 63.5% over ten years.
Over the whole period, compensation of employees in Albania peaked at 138.37 billion current LCU in 2024 and was at its lowest, 8.21 billion current LCU, in 1995.
That places Albania 69th out of 156 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently rising across the 20 years of available data.
Compensation of employees in Albania, year by year
| Year | current LCU | Change |
|---|---|---|
| 1995 | 8.21 billion current LCU | — |
| 1996 | 9.52 billion current LCU | +16.0% |
| 1998 | 12.32 billion current LCU | +29.4% |
| 2002 | 46.35 billion current LCU | +276.3% |
| 2003 | 45.56 billion current LCU | -1.7% |
| 2004 | 49.89 billion current LCU | +9.5% |
| 2011 | 79.63 billion current LCU | +59.6% |
| 2012 | 82.42 billion current LCU | +3.5% |
| 2013 | 83.48 billion current LCU | +1.3% |
| 2014 | 84.62 billion current LCU | +1.4% |
| 2015 | 85.80 billion current LCU | +1.4% |
| 2016 | 81.36 billion current LCU | -5.2% |
| 2017 | 88.03 billion current LCU | +8.2% |
| 2018 | 89.60 billion current LCU | +1.8% |
| 2019 | 93.53 billion current LCU | +4.4% |
| 2020 | 94.73 billion current LCU | +1.3% |
| 2021 | 103.49 billion current LCU | +9.2% |
| 2022 | 104.18 billion current LCU | +0.7% |
| 2023 | 123.45 billion current LCU | +18.5% |
| 2024 | 138.37 billion current LCU | +12.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 10.01 billion current LCU | 8.21 billion current LCU | 12.32 billion current LCU | 3 |
| 2000s | 47.27 billion current LCU | 45.56 billion current LCU | 49.89 billion current LCU | 3 |
| 2010s | 85.39 billion current LCU | 79.63 billion current LCU | 93.53 billion current LCU | 9 |
| 2020s | 112.84 billion current LCU | 94.73 billion current LCU | 138.37 billion current LCU | 5 |
Countries ranked near Albania
More public sector data for Albania
- Arms imports 12.00 million SIPRI trend indicator values (2024)
- Arms imports (SIPRI trend indicator values), per capita 5.05 SIPRI trend indicator values per person (2024)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0.0004 SIPRI trend indicator values per US$ of GDP (2024)
- Arms imports (SIPRI trend indicator values), annual growth rate 0 % change on previous year (2021)
- Arms imports (SIPRI trend indicator values), gaps filled 12.00 million SIPRI trend indicator values (2024)
- Military expenditure (current USD), per capita 225.26 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0.0198 current USD per US$ of GDP (2024)
- Military expenditure (current USD), annual growth rate 34.67 % change on previous year (2024)
- Military expenditure (current USD), gaps filled 535.47 million current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 36.5 SIPRI trend indicator values per square kilometre (2023)
Frequently asked questions
- What is compensation of employees in Albania?
- Compensation of employees in Albania was 138.37 billion current LCU in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest compensation of employees recorded in Albania?
- The highest recorded value was 138.37 billion current LCU in 2024.
- What is the lowest compensation of employees recorded in Albania?
- The lowest recorded value was 8.21 billion current LCU in 1995.
- How does Albania rank for compensation of employees?
- Albania ranks 69th out of 156 countries with data for 2024.
- Is compensation of employees rising or falling in Albania?
- Over the last ten years it is up 63.5%. The long-run trend across the full record is rising.
- Where does this Albania data come from?
- The figures come from Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Compensation of employees (current LCU). Statizoid updates them automatically from the source API.
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About this data
Compensation of employees is defined as the total remuneration, in cash or in kind, payable by an enterprise to an employee in return for work done by the latter during the accounting period. 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.