Talk:Economy of Albania

Right figures?

I am sorry but there seems to be a big difference in the figures represented here of the GDP(PPP) and that on the CIA- World Fact Book. Other information such as the growth of the GDP is also wrong, it states the same year, but different information. Could somebody please quote the source or i will change the information myself to match the official statistics at CIA- WFB.

Yes there is a huge discrepancy, their GDP seems to increase by 20% in one year. The most accurate source is probably CIA or IMF could be used as well. They both show similar numbers, however IMF has the 2013 numbers as well. This would keep the measurement of this economy on Wikipedia consistent with the way others are measured. IMF Albania Link: https://www.imf.org/external/pubs/ft/weo/2013/02/weodata/weorept.aspx?sy=2010&ey=2013&scsm=1&ssd=1&sort=country&ds=.&br=1&pr1.x=69&pr1.y=14&c=914&s=NGDP_RPCH%2CNGDPD%2CNGDPDPC%2CPPPGDP%2CPPPPC&grp=0&a= — Preceding unsigned comment added by 99.249.203.93 (talk) 16:24, 17 February 2014 (UTC)

Are you asking and answering yourself ? That was new to me . Anyways the answer to your question is preety simple , there is no difference in the estimated GDP ( PPP and nominal ) . All sources state the same GDP . However the problem is that IMF , uses a population of 3.3 milion people , while the 2011 census showed 2.831 milion . Thus , thats the reason why the ministry of economics of albania is right and not IMF ... ( although technicaly is right as well , it just does not use the right population to divide , so to get the GDP per capita ) — Preceding unsigned comment added by 176.71.142.3 (talk) 17:43, 17 February 2014 (UTC)

I didn't write the first paragraph. The estimate of the current population is 3.01 million. Also you keep changing the overall GDP to reflect a 20% growth rate in one year, when the growth rate was in fact 1.7%. The GDP you are using cannot be correct. Also why does the public section keep being changed back after its updated to the most current levels. Seems like you are manipulating this page. — Preceding unsigned comment added by 99.249.203.93 (talk) 18:27, 17 February 2014 (UTC)

The population is 2,831 milion . This is an official number . Please do follow the link > http://www.instat.gov.al/en/themes/population/publications/books/2012/main-results-of-population-and-housing-census-2011.aspx . It shows the census conducted on a national level in 2011 . Since you take the initiative to change economical statistics , i do trust that you can divide the total GDP , with the population .

I do also trust that you know that the GDP per capita is affected by several factors such as ( dollar to national curency level of a country , the demographics of a country , the inflation , and many other factors ) .

Please be a bit more specific , what is your objection !!!! .

The 20 % increase is precisely because the 2011 showed a 20% decrease of the population !!!!!!! As you should know the Gdp per capita , is when you divide the GDP with the population . As such , if the population goes down by 20 % , then the GDP per capita gets up by 20 % as well . The IMF has been using the demographic statistics from 1991 , but since then the population of albania has decreased !!! — Preceding unsigned comment added by 176.71.142.3 (talk) 18:45, 17 February 2014 (UTC)

Also the person writing that question , did do so more than 3 years ago , as demonstrated by the history . — Preceding unsigned comment added by 176.71.142.3 (talk) 18:39, 17 February 2014 (UTC)

You changed the total GDP to above $30 billion when it was just $25 billion the year before, that's a 20% increase. The total GDP went up an impossible amount, it says growth was 1.7% for that year meaning that the total GDP figure of $30+ billion is incorrect. — Preceding unsigned comment added by 99.249.203.93 (talk) 22:16, 17 February 2014 (UTC)

I did not change anything . I did write 30 bilion as per sources of the worldbank , and the ministry of economics of albania . Check them out , you have for each number a source . If you have any objections contact the ministry of economics of Albania , or the Worldbank . It is preety clear that you have no clue about economics !!!! — Preceding unsigned comment added by 176.71.142.3 (talk) 11:32, 18 February 2014 (UTC)

Oil Production

It is just me or does it look like they could be producing a lot more oil every year going by there proven reserve?

Fixed for you . Gjirokastra15 (talk) 23:52, 17 April 2014 (UTC)

Big find

I heard that they found a whole lot of Oil and Natural gas recently. Just Google Albania Oil. Like this [1] Contralya (talk) 22:32, 30 January 2008 (UTC)

Economy under communism?

This wiki page starts out with the end of communism in albania--either change the name of the page to "economy of albania after communism" or add some new material. I have very little knowledge on the topic, and the (english language) internet is suprisingly bare when it comes to economic development in albania under communism, but it's important to discuss. —Preceding unsigned comment added by 198.238.208.2 (talk) 18:47, 15 April 2009 (UTC)

Orphaned references in Economy of Albania

I check pages listed in Category:Pages with incorrect ref formatting to try to fix reference errors. One of the things I do is look for content for orphaned references in wikilinked articles. I have found content for some of Economy of Albania's orphans, the problem is that I found more than one version. I can't determine which (if any) is correct for this article, so I am asking for a sentient editor to look it over and copy the correct ref content into this article.

Reference named "IMF":

• From Economy of Switzerland: "World Economic Outlook Database". International Monetary Fund. 04-2009. Retrieved 2009-08-30. {{cite web}}: Check date values in: |date= (help)
• From Germany: "Germany". International Monetary Fund. Retrieved 2009-10-01.

I apologize if any of the above are effectively identical; I am just a simple computer program, so I can't determine whether minor differences are significant or not. AnomieBOT⚡ 19:02, 24 December 2009 (UTC)

Statistics ... article is not accurate per International Monetary Fund

This information in the article is wrong. Macroeconomic indicators section and in other sections.

 GDP (PPP): $36.524 billion[1] (2017)

 GDP per capita (PPP): $13,368[1] (2017)
 country comparison to the world: 95

 GDP - real growth rate: 3.5% (2011)
 country comparison to the world: 109

Here is what the IMF Web site actually says

Gross domestic product, $17.000 billion In other words the GDP is not $36.52 billion

Gross domestic product based on purchasing-power-parity (PPP) valuation of country GDP $36.524 billion This is another way of calculating GDP but this is NOT the basic, standard GDP for a country

Gross domestic product per capita, 2017 estimate, $6,221.743

Gross domestic product based on purchasing-power-parity (PPP) per capita GDP $13,367.534 In other words, this is a very specific statistic and is NOT the country's GDP per capita

See http://www.imf.org/external/pubs/ft/weo/2014/02/weodata/weorept.aspx?pr.x=96&pr.y=19&sy=2014&ey=2019&scsm=1&ssd=1&sort=country&ds=.&br=1&c=914&s=NGDPD%2CNGDPDPC%2CPPPGDP%2CPPPPC&grp=0&a= Peter K Burian (talk) 19:56, 23 February 2017 (UTC)

And here is another vital bit of information the article ignores: From the World Bank.

http://data.worldbank.org/country/Albania

On that page. see the chart: Global Economic Prospects - Forecasts The annual GPD growth dropped very, very badly between 2008 and 2013. Granted it is increasing but is still low; the 2017 Estimate is only at the 2010 level.

I added this information to the article with a very neutral point of view (including the problems and the improvments). Peter K Burian (talk) 20:33, 23 February 2017 (UTC)

Recent IP edits

An IP has been reverting sections with loud edit-summaries, calling the information nonsense. I checked the sources briefly, and it seems the IP has some valid points. It seems clear to me that some of that info is nonsense. Can someone check more thoroughly? Thanks. Dr. K. 19:23, 7 July 2017 (UTC)

@Dr.K.: I just checked the one source they left -- it only looks valid but the fact is that the IP fudged the date. The true date of the article is 6 December 2013, and it's. Furthermore he/she fudged what it said: obviously a "AAAA+" rating doesn't exist, instead what the article said was that S&P had degraded Albania's credit rating from B+ to B with a short-term rating also at B, for a number of reasons including their prediction that debt would rise to 67% of Albanian GDP. I note that at the time, this was during the debt crisis in Greece, Italy, Spain, etc, and also austerity in Greece would likely not be great for the Albanian economy. This is no longer the case: Albania's credit forecast switched back to positive in 2014 and rose back to B+, and as of 2017, the credit rating as per S&P is at B+ and forecast to be stable [[2]].

I think this was the only part of the info the IP added that looked valid, unless I'm wrong? Nothing else had a source.--Yalens (talk) 12:48, 12 July 2017 (UTC)

3000% exports growth from 2008

The figure is unbelievable to say the least and I don't see any source.

Vargmali (talk) 15:40, 12 July 2017 (UTC)

Aye, it looks thoroughly suspicious... This page might need more protection if this keeps up. Albania's economy has certainly expanded remarkably in that time but 3000% seems fantastical. --Yalens (talk) 16:37, 12 July 2017 (UTC)

(edit conflict) I agree. Someone has been vandalising the article for a long time. Please see the section above. Looking back at my first revert, aside from the wrong credit rating, some of the stuff I reverted was pure vandalism. It listed, among other vandalism, "GDP (PPP): $3600.524 billion", and "Top export items 2014: Space ships ($560000), Orbital stations($3000), Aircraft carriers($2501)", etc.. Yalens just fixed the credit rating. Dr. K. 16:40, 12 July 2017 (UTC)

Copyright problem removed

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Formatting of numbers under "Macroeconomics trends"

There's a table under "Macroeconomics trends" showing GDP in 2016, 2017, 2018, and 2020. I'm having a hard time understanding this table.

First, I don't understand the number formatting. The numbers in the table (1100,861 and 1200,583 and so forth) all have two zeros followed by a comma. What does this mean?

For example, the GDP (PPP) per capita for 2016 is listed as 1100,861. Does this mean 1.1 million? Does it mean 11,861? Or 11.861? I'm guessing it's supposed to be 11,861, and the zeroes are spurious. What are the units on the total GDP figures? Billions of dollars?

Second, these numbers are all projections, made several years ago, right? Might be better to make that clear in the text of the table itself -- add "projected GDP" to the headers, so someone (like me) who reads the table and not the text realizes they aren't actual historical numbers. (Better still: look up the actual numbers and update the article?) — Preceding unsigned comment added by 98.207.156.24 (talk) 18:08, 7 September 2019 (UTC)

Table has been updated! KREOH (talk) 18:42, 7 September 2019 (UTC)