Albania in International Reports

Albania in international reports

Evaluation of Albania’s performance in international reports

Albania is an attractive growing market, with a solid economic, political and legal structure. It has implemented a liberal economic framework and offers suitable conditions for doing business, which make it an ideal place for foreign investors.

Albania has undertaken several structural reforms in order to strengthen law enforcement and to create a competitive international business environment, thus improving the business climate. The economic model of Albania is focused on manufacturing and exports.

  • The World Bank Doing Business 2016 report ranks Albania in the 97th place. The indices for paying taxes, property registration and investor protection (ranked 7th in the world and the best in the region) have the best performance. According to this report there have been improvements regarding the protection of minority entrepreneurs/investors and cross border trade.

 

  • A report of the European Bank for Reconstruction and Development, EBRD, regards Albania as the country that has undertaken the best reforms in the region in 2014.

 

  • The Economic Freedom Index 2016 report of Heritage Foundation ranks Albania in a very favorable position compared to other countries from the region. It marked an improvement of + 0.2 points by ranking 59th globally and 27th regionally with a total of 65.9 points compared with the 63rd place globally and 29th regionally in 2015. Since 2012 Albania has improved by + 0.8 percentage points. Parameters with best performance are indicators of economic freedom (+ 0.2), the right to property (+5.0), freedom from corruption, (+2.0), fiscal freedom (+0.6) and monetary freedom (+0.9).

 

  • The Global Competitiveness Index report of the World Economic Forum 2015-2016, ranks Albania 93rd among 140 countries with 3.93 points. It has improved its competitiveness abilities compared with the same report of the year 2014 - 2015 where Albania was ranked 97th with 3.8 points.

 

  • Referring to the 8th Report of the World Bank in 2015, Albania has experienced economic growth driven by investments and net exports. Private investments have benefited from improvements in the business climate and from the clearance of a large share of government arrears to the private sector.

 

State / Year

2013

2014

2015

Albania

1.4

2.1

3

Bosnia & Herzegovina

2.5

0.4

1.5

Kosovo

3.4

2.5

3

Macedonia

2.7

3.3

3.5

Montenegro

3.3

1.5

3.4

Serbia

2.6

-2

0.5

Eastern Europe – 6

2.5

0.2

1.3

Source: National Statistics Office and the World Bank forecasts