TIRANA, March 15 – Albania’s GDP per capita, an indicator for a nation’s economic situation, slightly rose to €3,440 in 2014 but remained among eight regional EU aspirants, according to data published by Eurostat, the statistical office of the European Union.
At €3,440 in 2014, Albania’s GDP per capita was probably higher only compared to Kosovo whose 2013 GDP per capita was at €2,835. The GDP per capita in Bosnia and Herzegovina, Macedonia, Serbia, Montenegro and Turkey ranged from €3,641 to €7,819 in 2014.
However, when it comes to the size of the GDP, Albania leaves behind neighbouring Kosovo, Montenegro and Macedonia. Albania’s GDP was estimated at about €10 billion in 2014 when the economy grew by 2 percent.
Albania’s GDP per capita, a measure of economic activity and the actual individual consumption, an indicator of the material welfare of households, ranks among the poorest in Europe and in the region at almost a third of the EU 28, according to Eurostat.
Albania’s GDP per capita expressed in purchasing power standard (PPS), an artificial currency unit that eliminates price level differences between countries, slightly climbed to 29 percent of the EU 28 average in 2014, up from 27 percent in 2013 ranking better only compared to Bosnia and Herzegovina’s 28 percent in a 37-country list which includes 28 EU member states, three EFTA members, five EU candidate countries and one potential candidate.
Albania ranks worse in the Actual Individual Consumption (AIC), a measure of households’ material welfare consisting of goods and services actually consumed by individuals.
The AIC per capita expressed in PPS also climbed by 1 percent to 34 percent of the EU average in 2014 but continues ranking Albania the worst in the region and Europe.
