Albania: Fiscal balance, percent of GDP

* indicates monthly or quarterly data series
 Albania

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
The latest value from 2023 is -1.35 percent, an increase from -3.66 percent in 2022. In comparison, the world average is -2.80 percent, based on data from 140 countries. Historically, the average for Albania from 1993 to 2023 is -5.57 percent. The minimum value, -12.61 percent, was reached in 1997 while the maximum of -1.35 percent was recorded in 2023. 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 data
Albania - Fiscal balance, percent of GDP - Recent values chart

Historical series
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.

Selected articles from our guide:

What factors determine the exchange rates

International lending and sovereign debt

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 Related indicators Latest Reference Measure
 Government spending, percent of GDP 11.08 2023 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 81.47 Q2/2024 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 67.64 2021 percent
 Taxes on international trade 2.02 2021 percent
 Income and profits taxes 20.11 2021 percent
 Foreign aid 315.51 2022 million U.S. dollars
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