The economy of Albania is considered to be a Lower middle Income Country coming under Europe and
Central Asian region, according to Classification of Economies by region and income, FY 2005 made by the World Bank.
The country has a surface area of 28,750.0 Square Kilometers in the year 2003 with a forest area of 9,910.0 Thousand Square kilometers in the year 2000.
Albania Economy - Social Indicators
The total population of the country has reached 3.2 millions in the year 2004 in comparison to 3.1 millions in the year 2000 with a growth rate of 0.6 percent.
The growth rate of population is somehow constant in the country in 2003 and 2004.
The Life Expectancy rate is calculated at 74.3 years in the year 2003.
Population Growth(Annual %)
The Infant Mortality rate per one thousand-life birth are calculated at 18.0 in the year 2003.
Fewer than 5 mortality rates for one thousand children were 21.0 in the year 2003.
Key Economic Indicators of Albania Economy
The Gross National Income, Atlas Method (Current US $) has reached 6.6 billions in the year 2004. The GNI Percapita, Atlas Method (Current US $) was 2,080.0 in the year 2004.
The Gross Domestic Product has reached (Current $ 7.6) billions in the year 2004.
The annual percentage growth rate of GDP has increased to 6.2 percent in 2004 from 6.0 percent in the previous year. The following graph gives a clear picture on the Growth rate of GDP in Albania.
