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 3,619,778
Capital city Tirana
Currency Lek
World GNP Ranking 120
Unemployment 13%
Inflation 3%

 

Source: Central Intelligence Agency; The World Factbook, March 2009