• Albania

    Albania

    DEVELOPMENT CHALLENGES

    Since beginning its transition to democracy 15 years ago, Albania has experienced large political, institutional and socioeconomic changes. The country has had the highest economic growth of all Southeastern European countries, underpinned by rising exports and continuing improvements in productivity. GDP grew by 5.4% per year on average between 2000 and 2010. Albania graduated from “lower-middle” to “upper-middle” income status in 2010 with a GNI per capita of US$3,960, twenty times its per capita income in 1992. Albania also has a “high” Human Development Index (HDI) of 0.739 (ranking 70th of 187 countries). Moreover, the country weathered the impact of the global financial crisis rather well, sustaining positive growth though exports and domestic demand weakened. Despite these impressive achievements, Albania continues to face various development challenges.

    • Poverty and inequality
    • High unemployment and labour migration
    • Skills gap
    • Corruption and weak institutional capacity

    KEY TRADE ISSUES

    • Product and market concentration and large trade deficit
    • Limited access to finance
    • Underdeveloped transport and energy infrastructure
    • Cumbersome regulatory and business environment

    GOVERNMENT PRIORITIES

    The ultimate ambition of the Government of Albania is EU accession. In 2006, the country signed a Stabilization and Association Agreement (SAA) with the EU.

    The national strategic and development priorities as well as goals for the medium- to long-term are established in the National Strategy for Development and Integration 2007-2013 (NSDI). These objectives are to:

    • Integrate the country into the European Union and NATO;
    • Develop and consolidate the democratic state, based on the fundamental liberties and rights of individuals, and to exercise good governance, fight corruption and other negative phenomena that obstruct the development and integration of the country, and guarantee the functioning of the rule of law; and
    • Achieve rapid, balanced and sustainable economic, social and human development.

    More detailed information on Albania can be found here.

    Trade and Tariff Graphs

    Graphs of the country’s export markets, its export performance in a key sector and tariffs exporters of a sample product face.
    Trademap sample Trademap sample: The map uses color codes to illustrate the relative size of different markets in the overall exports of the country shown in pink.
    Trademap sample Trademap sample: The vertical axis shows import values by key importing countries, while the horizontal axis shows export values by the country for the same sector. I.e. the country has gained market share in the case of an importing country at the bottom right of chart and lost market share for countries top left. The size of circles is proportional to market size.
    Market access map sample Market access map sample: The world map shows trade values and tariff levels for a key export product by importing countries. Color codes indicate protection levels. Red circles denote trade volumes.

    Trade and Investment Data

    Detailed data on the country’s export performance, key imports and foreign investment, grouped by product and service categories (HS and BOP).

    Trade Information Sources

    A listing of country specific print and online publications on trade related topics. Includes information from both ITC and external sources.

    Trade Contacts

    The most important trade contacts, including importers’ and exporters’ associations, trade support institutions, trade promotion organizations and institutions providing business development assistance.