The GDP composition by sector for Albania in 2023 reveals a diverse economic structure. Services dominate with 31.64%, showcasing steady demand. Agriculture and related sectors, at 22.72%, play a critical role, reflecting Albania’s key agricultural base. Wholesale, retail trade, and hospitality are significant, contributing 15.01%, indicating a strong domestic market and tourism reliance. The industrial sectors, including mining and manufacturing, make up 13.95%, illustrating ongoing industrial activity. Construction's share at 9.75% denotes steady infrastructure development. Transport and communication, at 6.93%, indicates a growing connectivity importance.
Future Trends to Watch for Albania GDP Composition by Sector:
- Service sector expansion, driven by technology and finance, could outpace traditional sectors.
- Agriculture might face growth challenges due to climate change impacts.
- Retail and hospitality may benefit from increasing tourism investments.
- Industrial development may pivot towards greener technologies.
- Infrastructure projects could boost construction and connectivity.
Top countries in GDP Composition by Sector
| # | 6 Countries | Percent | Last Year | |
|---|---|---|---|---|
| 1 | 1 Services | 31.64 | 2016 | |
| 2 | 2 Agriculture, hunting, forestry, fishing | 22.72 | 2016 | |
| 3 | 3 Wholesale, retail trade, restaurants and hotels | 15.01 | 2016 | |
| 4 | 4 Mining, Manufacturing, Utilities | 13.95 | 2016 | |
| 5 | 5 Construction | 9.75 | 2016 | |
| 6 | 6 Transport, storage and communication | 6.93 | 2016 |
