Agriculture Sector Contribution to GDP in Albania (1990-2022)

Agriculture Sector Contribution to GDP in Albania (1990-2022)

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TGM StatBox. (2024). Agriculture Sector Contribution to GDP in Albania (1990-2022). TGM StatBox.
Chart Details
Timeframe: 1990-2022
Country: Albania
Published date: 2024
Note: Agriculture (% of GDP), according to World Development Indicators, measures the contribution of the agricultural sector to a country's Gross Domestic Product (GDP). This metric reflects the economic significance of activities such as farming, forestry, and fishing, indicating the value generated by agriculture relative to the overall economy.
Key Takeaways
The agriculture sector's contribution to Albania's GDP saw a steady decline from 36.4% in 1996 to 18.8% in 2005. This reduction is attributed to Albania's economic transition from a centrally planned system to a market economy in the early 1990s, which shifted the focus toward industrialization and service sectors. Additionally, Albania’s increased integration with European markets during this period encouraged diversification of its economy, leading to a reduced dependency on agriculture.

From 2006 onwards, agriculture's share stabilized around 17-20%, with a slight resurgence from 18.0% in 2010 to 20.0% in 2014, likely due to increased government support for rural areas and EU funds targeting modernization efforts. More recent fluctuations, such as a rise to 19.2% in 2020, can be linked to global economic impacts and shifts in domestic consumption patterns during the COVID-19 pandemic. Overall, while agriculture remains a critical sector in Albania, its relative contribution has leveled as other economic sectors grow.

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