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

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

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TGM StatBox. (2024). Services Sector Contribution to GDP in Albania (1990-2022). TGM StatBox.
Chart Details
Data Source: World Development Indicators.
Timeframe: 1990-2022
Country: Albania
Published date: 2024
Note: Services (% of GDP), according to World Development Indicators, measures the contribution of the services sector (such as retail, finance, healthcare, and tourism) to a country's GDP.
Key Takeaways
The Services sector in Albania demonstrated steady growth from 39.8% in 1996, reaching a peak of 48.4% in 2019. This upward trend aligns with Albania's economic liberalization, attracting investment in tourism and finance. The contribution remained high, around 47-48%, from 2020 onward despite global disruptions, underscoring the sector's resilience.

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