Ora

How much of Albania's GDP is tourism?

Published in Albanian Tourism Economy 2 mins read

Tourism is a significant and rapidly growing contributor to Albania's economy. In 2023, the Travel & Tourism sector accounted for a substantial portion of the nation's economic output, specifically contributing 25% of Albania's Gross Domestic Product (GDP). This means that for every four lek generated in the Albanian economy, one originated from tourism-related activities.

Understanding Tourism's Economic Impact in Albania

The impact of tourism on Albania's economy has seen remarkable growth, particularly in recent years. This sector has not only established itself as a cornerstone of national income but also as a key driver of employment and development.

  • Substantial Contribution to GDP: The sector's direct and indirect contributions collectively represented one-quarter of Albania's total economic output in 2023.
  • Significant Financial Value: Last year, the tourism sector's contribution reached almost L565 billion (Albanian Lek). This substantial figure underscores the industry's considerable financial weight within the country's economy.
  • Impressive Growth Trajectory: The 2023 figures represent a strong resurgence and expansion for Albanian tourism. The sector's contribution was almost 37% higher than its previous peak in 2019, demonstrating a robust recovery and an accelerating growth trend.

Key Metrics of Albania's Travel & Tourism Sector (2023)

Metric Value
Share of National GDP 25% (one in four lek)
Absolute Economic Value Almost L565 Billion
Growth Compared to 2019 37% more than the previous high

This impressive performance highlights the success and increasing importance of the Travel & Tourism sector as a vital engine for Albania's economic development and its growing presence on the global stage.