Goods and services expense in Albania
Albania: Goods and services expense 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.
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
- Arms imports 12.00 million SIPRI trend indicator values (2024)
- Tax revenue 18.0% (2024)
- Taxes on income, profits and capital gains 16.0% (2024)
- Taxes on goods and services 44.5% (2024)
- Net investment in nonfinancial assets 4.1% (2024)
- Net lending (+) / net borrowing (-) -1.0% (2024)
- Interest payments 7.4% (2024)
- Grants and other revenue 16.6% (2024)
- Interest payments 7.8% (2023)
- Other taxes 0.0% (2024)
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.