
Flash News
A 60-year-old man in Tirana died after falling from a scaffold while working.
"I have no preference", Rama speaks from Madrid about the elections in Kosovo, attacks the Serbian opposition
37-year-old man arrested in Tirana for driving with firearms, passenger also arrested
The injury of the 29-year-old man in Korça is revealed; he self-harmed after a fight with his father-in-law and wife
Opposition protest, police publish plan of measures: Roads to be blocked in Tirana
Growth without welfare, Albania remains the last in Europe for per capita income
Although the Albanian economy has had a good performance after the pandemic and tourism has reached records, this is not translating into more welfare for the country's citizens. The latest Eurostat data, updated for 2023, put Albania back at the end of Europe for per capita income by 35% of the European average, from 34% which was in 2022. Albania is at the same level as Bosnia, while data on Kosovo are missing.
Economic growth driven mainly by the high flow of construction and real estate sales, or and the high number of tourists does not seem to have improved the well-being of Albanians in the last two years.
Northern Macedonia had revenues of as much as 41% of the EU, with a drop of one percentage point from the previous year. Serbia had this indicator 46%, from 44% last year. The highest level in the region is Montenegro, with 52%, from 50% last year.
Even in other indicators, that of individual per capita consumption (AIC), which measures the purchasing power of service goods, Albania ranks last, with 42% of the European average, from 41% the previous year, ranking last in Europe, 2 percentage points less than Bosnia and Herzegovina that has increased this indicator to 44% (in 2022 we were at the same levels ). The highest level is Montenegro with 65% ( from 63% in 2022 ), followed by Serbia with 54%, with an increase of 1 percentage point and Northern Macedonia by 52%, from 50% in 2022.
According to Eurostat, although GDP per capita is an important and widely used indicator of the level of economic well-being of countries, per capita consumption may be most beneficial for comparing the relative well-being of consumers in different countries.
During 2023, the Albanian economy grew by 3.4%, slowing compared to a 4.86% expansion in 2022. About half of this growth came from construction and real estate, which expanded by 9.7% and 11.3%, respectively%. It seems that this growth that is coming from construction is failing to improve the well-being of Albanians, who continue to remain the poorest of Europe.
In 2023, current individual consumption (Actual Individual Consumption, AIC per capita expressed in purchasing power standards (PPS ) ranged from 70% to 138% of the EU average in 27 EU countries. AIC includes all goods and services used by households, regardless of whether they have been purchased and paid for by households directly, by the government or by non-profit organizations. It can be considered an indicator of the material well-being of families.
In 2023, 10 EU countries recorded AIC per capita above the EU average. The highest levels were recorded in Luxembourg (38% above the EU average ), Austria and the Netherlands ( both 17% ). Meanwhile, 17 EU countries recorded AIC per capita below the EU average, with the lowest levels recorded in Hungary (30% below the EU average ), Bulgaria (27%), Slovakia and Latvia ( both 25% ).
Luxembourg and Ireland mark the highest GDP per capita
Gross Domestic Product (GDP ) per capita, a measure of economic activity, also showed substantial differences between EU members.
GDP per capita above the EU average was recorded in 11 EU countries. It was highest in Luxembourg (139% higher than the EU average ), Ireland (11% ) and the Netherlands (30% ). On the other hand, the lowest per capita GDP was recorded in Bulgaria (36% below the EU average ), Greece (33% ) and Latvia (29% )./ Monitor
Latest news



A 60-year-old man in Tirana died after falling from a scaffold while working.
2025-02-08 13:56:25
Southern cattle farmers protest: State should increase subsidies
2025-02-08 13:37:04
Accident on the Peqin-Elbasan axis, three injured
2025-02-08 13:17:48
Today in the square for the decolonization of Albania!
2025-02-08 13:01:38


25-year-old arrested in Lushnja, stabbed a person
2025-02-08 11:56:19



Iran's Supreme Leader Rejects Possibility of Nuclear Talks with US
2025-02-08 10:40:58



Parliamentary elections in Kosovo, EU demands maintenance of standards
2025-02-08 09:39:43
Voting begins at Kosovo's diplomatic missions around the world
2025-02-08 09:18:49
Competition with hotels and informality up to 50%
2025-02-08 09:02:57

Foreign exchange, the rate at which foreign currencies are sold and bought
2025-02-08 08:41:56
Horoscope, what do the stars have in store for you today?
2025-02-08 08:25:16
Clear but cold weather, what are the temperatures expected to be like today?
2025-02-08 08:13:10
Morning Post/ In 2 lines: What mattered yesterday in Albania
2025-02-08 08:01:16
With low temperatures, what is the weather forecast for the weekend?
2025-02-07 22:54:47


The granddaughter of Ulsi Manja, owner of the Bushati landfill
2025-02-07 21:55:28
Russia aims to tighten rules for exemption from military service
2025-02-07 21:33:11
DP political leaders will not compete in the primaries, Noka reveals the reasons
2025-02-07 21:24:00
Vehicle engulfed in flames in Zvërnec
2025-02-07 21:07:45

An 11-year-old boy dies in Durres hospital
2025-02-07 20:38:43
Iran warns US: We will respond to threats
2025-02-07 20:19:58
Karen Pierce appointed UK envoy for the Western Balkans
2025-02-07 20:17:21
(Mos) zgjidhja e krizës së mbetjeve të dyshuara toksike në Durrës
2025-02-07 19:51:05

Algerian boxer Imane Khelif expelled from World Boxing Championships
2025-02-07 19:28:05
Albania supports the International Criminal Court against Trump sanctions
2025-02-07 19:22:01



Trump to talk to world leaders about cutting USAID workforce
2025-02-07 18:39:25

Gjirokastër/ Ambulance accident, patient injured
2025-02-07 18:04:20
Korça/ 29-year-old man goes to hospital with knife wound
2025-02-07 17:56:47
Attack in Banjska, EU calls on Serbia again: Bring those responsible to justice
2025-02-07 17:45:01

Marcelo retires from football at the age of 36
2025-02-07 17:23:11
Trump imposes sanctions on the International Criminal Court
2025-02-07 17:17:47


Vehicle collides with van on Gramsh-Cërrik axis, 3 injured
2025-02-07 16:40:49
Alimehmeti: Albania is in the midst of a flu epidemic
2025-02-07 16:33:09
SPAK as a concession of SOROS!
2025-02-07 16:14:48
Are the Chinese cameras that will monitor the elections in Kosovo worrying?
2025-02-07 16:08:19


Fight between teenagers in Saranda, 15-year-old injured, perpetrator identified
2025-02-07 15:32:00

Noc Rroku came out in Shpirag
2025-02-07 15:19:59
Residents are alarmed! River in Argentina turns red
2025-02-07 15:03:10
Fire in a hotel in Saranda, the first floor is burned down
2025-02-07 15:00:49
Nagip Krasniqi pleads not guilty to abuse charges
2025-02-07 14:49:04
A prostitution ring is busted in Vlora, a Ukrainian woman is wanted
2025-02-07 14:41:02
Albania, the Sorosian garden of Southeast Europe
2025-02-07 14:30:15
Tragic accident in Vlora, 40-year-old arrested for fatally hitting pedestrian
2025-02-07 14:23:34
Primaries/ Berisha: Time is tight, but this does not exclude them
2025-02-07 14:11:18
Clash between drug gangs in Brussels, one dead
2025-02-07 13:59:30





Tritol in a bar in Kruja, police identify the perpetrator and declare him wanted
2025-02-07 12:50:44
70-year-old worker dies during work hours, company administrator wanted
2025-02-07 12:47:19







Accused as part of the "5D" file, Enton Punavia appears before SPAK
2025-02-07 11:29:08

4 ways to calm down from anxiety, according to this psychologist
2025-02-07 11:07:50


Discontent erupts, Durrës' PS clashes with Rama: People are driving us out
2025-02-07 10:25:11

Mental health treatments are only 7% effective
2025-02-07 10:03:57

Daut Laze's prison escape, Lezha court releases three guards
2025-02-07 09:42:31

Eurostat: Albania, the country with the lowest railway density in Europe
2025-02-07 09:19:49

Weather forecast for today
2025-02-07 09:05:56
Santorini hit by thousands of earthquakes BBC: Insecurity grows on Greek island!
2025-02-07 08:56:49
Foreign exchange: How much foreign currencies are bought and sold for today
2025-02-07 08:40:36