Industry Sector Contribution to GDP in Albania (1996-2022)

Industry Sector Contribution to GDP in Albania (1996-2022)

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TGM StatBox. (2024). Industry Sector Contribution to GDP in Albania (1996-2022). TGM StatBox.
Chart Details
Timeframe: 1990-2022
Country: Albania
Published date: 2024
Note: Industry (% of GDP), according to World Development Indicators, measures the contribution of the industrial sector to a country's Gross Domestic Product (GDP). This metric reflects the economic significance of manufacturing, mining, construction, and utilities, indicating the value generated by industrial activities relative to the overall economy.
Key Takeaways
Albania's industry sector contribution to GDP showed consistent growth from 17.4% in 1996 to a peak of 25.3% in 2006-2007, driven by industrial expansion and foreign investment. Post-2008, the global financial crisis impacted growth, with contributions falling to 21.5% by 2014. Recovery efforts led to moderate growth reaching 21.4% in 2022, supported by efforts to modernize infrastructure. Albania’s fluctuating trends reflect economic reforms and industrial policy adjustments, especially in manufacturing and construction, which are influenced by political stability and EU integration aspirations.

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