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nsive system of ferries connecting numerous islands and coastal cities in addition to ferry lines to several cities in croatia greece and italy the railways in albania are administered by the national railway company hekurudha shqiptare hsh the railway system was extensively promoted by the totalitarian regime of enver hoxha during which time the use of private transport was effectively prohibited since the collapse of the former regime there has been a considerable increase in car ownership and bus usage whilst some of the country s roads are still in very poor condition there have been other developments such as the construction of a motorway between tirana and durrës that have taken much traffic away from the railways citation needed energy edit main articles list of power stations in albania and renewable energy in albania the fierza reservoir was formed as a result of the construction of the fierza hydroelectric power station in 1978 albania is one of only two countries in the world along with paraguay whose entire electricity production is dependent on hydroelectric power 61 in 2021 electricity consumed was 6 51 billion kwh with 5 31 billion kwh produced the rest imported 62 in december 2023 work commenced on a new 400 kv interconnector between albania and north macedonia designed to enhance cross border connectivity and better integrate albania into the regional electricity network 63 hydroelectric power stations include the fierza koman and vau i dejës plants as well as the planned skavica dam on the drin river and banjë and moglicë plants on the devoll river 64 the latter two were planned to increase electricity production in albania by almost 17 65 in december 2023 a 140 mw solar park covering 200 hectares of land at karavasta operated by voltalia sa began operations 66 an auction in 2023 awarded 222 48 mw of onshore wind 67 tap route from kipoi greece through fier albania to san foca italy the trans adriatic pipeline became operational in 2020 its route through albania is approximately 215 kilometers onshore and 37 km offshore in the albanian section of the adriatic sea it starts at qendër bilisht in the korça region at the albanian border with greece and arrives at the adriatic coast 17 km north west of fier 400 meters inland from the shoreline a compressor station is near fier and an additional compressor is planned near bilisht should the capacity be expanded to 20 billion cubic meters bcm eight block valve stations and one landfall station were built along its route 68 as well as approximately 51 km of new access roads there were also 42 bridges refurbished and three new bridges built 68 the construction of a us 1 2 billion ambo pipeline was planned to begin in 2007 to ship crude oil between the port of burgas in bulgaria and the port of vlora in albania but this project did not advance albania has no nuclear power plants in 2007 the government discussed constructing a nuclear power plant at durrës in addition to meeting the domestic energy demands the plan foresaw electricity export to neighbouring balkan countries and italy via an underwater cable which would link the italian and albanian electricity networks 69 70 in april 2009 albania and croatia announced a plan to jointly construct a 1 500 mwe nuclear power plant on the shores of lake skadar lake shkodër near albania s border with montenegro 71 as of 2016 albania has no plans to build any nuclear power plants in the foreseeable future 72 oil edit main article list of oil and gas fields in albania albania has the second largest oil deposits in the balkan peninsula and the largest onshore oil reserves in europe dubious discuss its crude output amounted to more than 1 2 million tonnes in 2013 including 1 06 million by canada s bankers petroleum 87 063 tonnes from canada s stream oil and 37 406 tonnes by albpetrol on its own three foreign firms produced the rest 73 oil exploitation in albania began in 1928 in kuçova oil field and was continuously increasing and one year later in patos in sandstone reservoirs oil production in albania was increasing continuously during the periods 1929 1944 and 1945 1963 the total production was only from the sandstone reservoirs while after 1963 it was from the carbonate reservoirs up to 1963 the sandstones produced 400 974 649 tons of oil 74 albanian oil and gas represents the most promising albeit strictly regulated sectors of the economy it has attracted foreign investors since the early 1990s marking the beginning of reforms that transformed the public exclusive rights control and responsibilities with regard to exploration and exploitation to the private sector oil and gas reserves still remain the property of the albanian state which enters into agreements and grants rights with regard to evaluation exploration production refining processing and transport of the product 75 in march 2016 affiliates of china s geo jade petroleum purchased the drilling rights from a canadian company for exploiting the oil fields of patos marinze and kucova they paid 384 6 million presumably indicating an interest in accelerating the process 48 regional gdp edit this is a list of regions of albania by nominal gdp shown in albanian lek and euro statistics shown are for 2023 76 rank region gdp billion lek gdp billion gdp per capita albania 2 364 276 25 491 10 900 1 central albania 1 188 180 12 811 12 900 2 southern albania 644 294 6 947 9 129 3 northern albania 531 802 5 734 8 800 statistics edit natural resources of albania metals are in blue cr fe ni cu fossil fuels are in red l lignite p petroleum bi bitumen macroeconomic indicators edit gdp ppp 40 822 billion 77 2021 gdp per capita ppp 19 368 78 2019 country comparison to the world 95 gdp real growth rate 8 52 2021 country comparison to the world 34 inflation 2 04 2021 country comparison to the world 155 unemployment 11 82 2021 country comparison to the world 57 agriculture edit products milk maize tomatoes potatoes watermelons wheat grapes cucumbers onions apples foreign trade edit exports of albania by product category 2019 chemical products transportation machines mineral products plastics and rubbers metals foodstuffs precious metals textiles instruments animal products vegetable products paper goods footwear and headwear miscellaneous stone and glass wood products animal and vegetable bi products animal hides arts and antiques weapons top export destinations by dollar 2014 italy 10 15 billion spain 1680 million china 1300 million turkey 920 8 million and india 880 5 million top import items 2014 refined petroleum 547 million cars 198 million packaged medicaments 129 million tanned equine and bovine hides 97 4 million and footwear parts 86 2 million top import origins by dollar 2014 italy 100 38 billion greece 41300 million turkey 31500 million china 27800 million and germany 23500 million import partners italy 28 greece 12 china 11 turkey 9 germany 5 2019 remittances 600 million 2014 est electricity production by source hydro 99 4 2021 natural gas production 42 05 million m 3 2019 est consumption 42 05 million m 3 2019 est exports 0 cu m 2007 est imports 0 cu m 2007 est proven reserves 5 692 billion m 3 2012 est exchange rates edit lekë per us dollar 103 51 2020 125 4 2017 79 546 2008 92 668 2007 98 384 2006 102 649 2005 102 78 2004 121 863 2003 140 155 2002 143 485 2001 143 709 2000 137 691 1999 see also edit agriculture in albania bank of albania economy of europe list of albanian companies list of banks in albania organized crime in albania notes edit references edit world economic outlook database april 2019 imf org international monetary fund archived from the original on 10 october 2020 retrieved 29 september 2019 world bank country and lending groups datahelpdesk worldbank org world bank archived from the original on 28 october 2019 retrieved 29 september 2019 1 2 3 popullsia e shqipërisë 1 janar 2026 1 2 3 4 5 6 imf datamapper albania international monetary fund 14 october 2025 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1007 s13132 018 0531 3 s2cid 158074120 alban...