National debt ratio in Albania
The national debt ratio of Albania indicates the relationship between the Albanian national debt on the one hand and the Albanian nominal gross domestic product on the other.
Development in recent years
Albania's national debt ratio rose between 2008 and 2013 due to the financial crisis and, above all, an expansive fiscal policy . Whereas the national debt of 595.9 billion Albanian lek at the end of 2008 corresponded to a national debt ratio of 56.1%, the national debt ratio at the end of 2013, given a debt level of then 948.3 billion Albanian lek, reached a value of 70.5%.
Forecast development
The International Monetary Fund assumes that the national debt ratio of Albania will decrease to 56.4% by the end of 2019, with a debt level of then 1,106.4 billion Albanian Lek.
Graphical representation
See also
- List of countries by national debt ratio
- List of European countries by national debt ratio
- Government debt ratio
Individual evidence
- ^ Albania, World Bank Group Partnership, Program Snapshot October 2014. (PDF) World Bank , accessed on February 10, 2015 (English, p. 2).
- ^ World Economic Outlook Database. International Monetary Fund, October 2014, accessed on February 10, 2015 (English, General government gross debt (National currency, Percent of GDP)).