Subsidies and other transfers in Albania
Albania: Subsidies and other transfers was 370.22 billion current LCU in 2024. ◆ Volatile
Subsidies and other transfers in Albania, 1995–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
In 2024, subsidies and other transfers in Albania stood at 370.22 billion current LCU. That is the highest value across all 21 years on record.
That represents a change of up 4.7% on the previous year and up 125.7% over ten years.
Over the whole period, subsidies and other transfers in Albania peaked at 370.22 billion current LCU in 2024 and was at its lowest, 33.71 billion current LCU, in 1995.
Albania ranks 61st of 153 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 44.81 billion current LCU | 33.71 billion current LCU | 57.03 billion current LCU | 4 |
| 2000s | 60.44 billion current LCU | 53.91 billion current LCU | 70.14 billion current LCU | 3 |
| 2010s | 172.14 billion current LCU | 135.90 billion current LCU | 208.65 billion current LCU | 9 |
| 2020s | 307.21 billion current LCU | 222.88 billion current LCU | 370.22 billion current LCU | 5 |
Countries ranked near Albania
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 subsidies and other transfers in Albania?
- Subsidies and other transfers in Albania was 370.22 billion current LCU in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest subsidies and other transfers recorded in Albania?
- The highest recorded value was 370.22 billion current LCU in 2024.
- What is the lowest subsidies and other transfers recorded in Albania?
- The lowest recorded value was 33.71 billion current LCU in 1995.
- How does Albania rank for subsidies and other transfers?
- Albania ranks 61st out of 153 countries with data for 2024.
- Is subsidies and other transfers rising or falling in Albania?
- Over the last ten years it is up 125.7%. The long-run trend across the full record is volatile.
- 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 Subsidies and other transfers (current LCU). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 21 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Subsidies are current unrequited payments that government units, including nonresident government units, make to enterprises on the basis of the levels of their production activities or the quantities or values of the goods or services that they produce, sell, export or import. 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.