Goods and services expense (current LCU) in Albania
Albania: Goods and services expense (current LCU) was 57.50 billion current LCU in 2024. ▲ Rising
Goods and services expense in Albania, 1995–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
In 2024, goods and services expense in Albania stood at 57.50 billion current LCU. That is the highest value across all 20 years on record.
Compared with earlier readings it is up 9.4% on the previous year and up 128.9% over ten years.
Over the whole period, goods and services expense in Albania peaked at 57.50 billion current LCU in 2024 and was at its lowest, 7.32 billion current LCU, in 1996.
Albania ranks 68th of 155 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 20 years of available data.
Goods and services expense (current LCU) in Albania, year by year
| Year | current LCU | Change |
|---|---|---|
| 1995 | 10.09 billion current LCU | — |
| 1996 | 7.32 billion current LCU | -27.5% |
| 1998 | 10.35 billion current LCU | +41.4% |
| 2002 | 22.37 billion current LCU | +116.1% |
| 2003 | 17.77 billion current LCU | -20.6% |
| 2004 | 19.70 billion current LCU | +10.9% |
| 2011 | 27.43 billion current LCU | +39.2% |
| 2012 | 27.48 billion current LCU | +0.2% |
| 2013 | 32.88 billion current LCU | +19.7% |
| 2014 | 25.12 billion current LCU | -23.6% |
| 2015 | 29.19 billion current LCU | +16.2% |
| 2016 | 32.87 billion current LCU | +12.6% |
| 2017 | 33.48 billion current LCU | +1.9% |
| 2018 | 34.11 billion current LCU | +1.9% |
| 2019 | 36.60 billion current LCU | +7.3% |
| 2020 | 36.69 billion current LCU | +0.3% |
| 2021 | 42.77 billion current LCU | +16.6% |
| 2022 | 47.72 billion current LCU | +11.6% |
| 2023 | 52.56 billion current LCU | +10.2% |
| 2024 | 57.50 billion current LCU | +9.4% |
Albania compared with similar countries
- Albania's 57.50 billion current LCU is above the median for upper middle income countries, which is 38.49 billion current LCU, 1.5× the median. (46 countries reporting)
- Albania's 57.50 billion current LCU is above the median for Europe & Central Asia, which is 17.80 billion current LCU, 3.2× the median. (48 countries reporting)
Biggest year-on-year movements
Years where Goods and services expense (current LCU) in Albania changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2002 | +116.1% | 10.35 billion current LCU | 22.37 billion current LCU |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 9.25 billion current LCU | 7.32 billion current LCU | 10.35 billion current LCU | 3 |
| 2000s | 19.94 billion current LCU | 17.77 billion current LCU | 22.37 billion current LCU | 3 |
| 2010s | 31.02 billion current LCU | 25.12 billion current LCU | 36.60 billion current LCU | 9 |
| 2020s | 47.45 billion current LCU | 36.69 billion current LCU | 57.50 billion current LCU | 5 |
Countries ranked near Albania
- 65 Denmark 79.84 billion current LCU compare
- 66 Australia 69.37 billion current LCU compare
- 67 Romania 66.94 billion current LCU compare
- 69 Guinea-Bissau 57.26 billion current LCU compare
- 70 Kyrgyzstan 53.87 billion current LCU compare
- 71 Central African Republic 51.58 billion current LCU compare
More public sector data for Albania
- Democracy, annual growth rate 0 % change on previous year (2025)
- Chief executive of the government is elected, annual growth rate 0 % change on previous year (2025)
- Elected parliament, annual growth rate 0 % change on previous year (2025)
- Men's universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote in practice, annual growth rate 0 % change on previous year (2025)
- Arms imports 23.00 million SIPRI trend indicator values (2025)
- 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)
Frequently asked questions
- What is goods and services expense in Albania?
- Goods and services expense in Albania was 57.50 billion current LCU in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest goods and services expense recorded in Albania?
- The highest recorded value was 57.50 billion current LCU in 2024.
- What is the lowest goods and services expense recorded in Albania?
- The lowest recorded value was 7.32 billion current LCU in 1996.
- How does Albania rank for goods and services expense?
- Albania ranks 68th out of 155 countries with data for 2024.
- Is goods and services expense rising or falling in Albania?
- Over the last ten years it is up 128.9%. 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 Goods and services expense (current LCU). Statizoid updates them automatically from the source API.
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About this data
Goods and services include all government payments in exchange for goods and services used for the production of market and nonmarket goods and services. Use of goods and services for account capital formation is excluded. 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.