Albania

Albania has struggled to progress from the economic collapse and regional strife which characterized the 1990's, and remains one of the poorest countries in Europe.

Economic Strengths

Oil & gas reserves. Remittances from expatriate Albanians. Progress with privatisation. Low & stable inflation.

Economic Weaknesses

Violent crime & organised crime remain a problem. Large grey economy. Inefficient agricultural sector. Energy shortages and poor infrastructure.

Population Capital city
3,619,778 Tirana
Currency World GNP Ranking
Lek 120
GNP per Capita ($) Inflation
5500 3%
Unemployment Tourism visitors per year (thousands)
13% 888.628

 

Source: Knight Frank Residential Research as at Dec 2007