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| Government Type |
emerging democracy |
| Legal System |
has not accepted compulsory ICJ jurisdiction |
| Currency |
lek (ALL) |
| Economic Overview |
Poor and backward by European standards, Albania is making the difficult transition to a more modern open-market economy. The government has taken measures to curb violent crime and to revive economic activity and trade. The economy is bolstered by remittances from abroad of $400-$600 million annually, mostly from Greece and Italy. Agriculture, which accounts for half of GDP, is held back because of frequent drought and the need to modernize equipment and consolidate small plots of land. Severe energy shortages are forcing small firms out of business, increasing unemployment, scaring off foreign investors, and spurring inflation. The government plans to boost energy imports to relieve the shortages. |
| Natural Resources |
petroleum, natural gas, coal, chromium, copper, timber, nickel, hydropower |
| Primary Industries |
food processing, textiles and clothing; lumber, oil, cement, chemicals, mining, basic metals, hydropower |
| Agricultural Products |
wheat, corn, potatoes, vegetables, fruits, sugar beets, grapes; meat, dairy products |
| Import Commodities |
machinery and equipment, foodstuffs, textiles, chemicals |
| Export Commodities |
textiles and footwear; asphalt, metals and metallic ores, crude oil; vegetables, fruits, tobacco |
| Export Partners |
Italy 32%, Greece 26%, Turkey 6%, Germany 6%, Bulgaria 2% (2001) |
| AIRPORTS of Albania |
| Tirana - Rinas Mother Teresa Airport |
Tirana 25km (15miles), Position 41°24´53"N, 019°43´14"E, Elevation 38m (124ft) |
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