Albania: Fiscal balance, percent of GDP

* indicates monthly or quarterly data series

Fiscal balance, percent of GDP

 Latest value -1.35
 Year 2023
 Measure percent
 Data availability 1993 - 2023
 Average -5.57
 Min - Max -12.61 - -1.35
 Source Ministry of Finance and Economy of Albania
For that indicator, we provide data for Albania from 1993 to 2023. The average value for Albania during that period was -5.57 percent with a minimum of -12.61 percent in 1997 and a maximum of -1.35 percent in 2023. The latest value from 2023 is -1.35 percent. For comparison, the world average in 2023 based on 112 countries is -3.16 percent. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series

Recent values chart
Albania - Fiscal balance, percent of GDP - Recent values chart

Historical chart
Albania - Fiscal balance, percent of GDP - historical chart - 1993-2023

Definition: The fiscal (budget) balance is the difference between government revenue and government expenditure. We express the value as percent of GDP to relate it to the size of the economy.

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 Related indicators Latest value Reference Measure
 Government spending, percent of GDP 10.18 2022 percent
 Government spending, in dollars 2.55 2023 billion U.S. dollars
 Fiscal balance, percent of GDP -1.35 2023 percent
 Government debt 59.22 2023 percent
 Government expenditure 63.79 Q3/2023 billion
 Tax revenue 18.20 2021 percent
 Commercial tax rate 36.60 2019 percent
 Tax preparation time 252 2019 hours
 Number of taxes 35 2019 taxes
 Taxes on goods and services 45.59 2021 percent
 Taxes on international trade 1.36 2021 percent
 Income and profits taxes 13.56 2021 percent
 Foreign aid 632.31 2021 million U.S. dollars
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