Economic Sector Contributions to Albania’s GDP
The services sector contributes the largest portion to the Gross Domestic Product (GDP) at 47.3%. Tourism is a significant revenue source in Albania, with the country's beautiful Adriatic Sea beaches and stunning mountains attracting tourists. Famous tourist attractions in Albania include Rozafa Castle, the city of Berat, Lake Ohrid, and the northern countryside. The trade sector also plays a vital role in Albania's economy, with many shops and markets in major cities such as Tirana, Durrës, Vlorë, and Fier.
The transportation and communication sector has seen significant development, with a wide network of highways, public transportation services, high-speed internet, and air, land, and sea transport networks. Additionally, Albania offers a wide range of financial services, including banks and financial companies.
The industry sector ranks second, contributing 21.4% to the GDP. Key industries in Albania include mining and metallurgy, food and beverage industries, chemical and pharmaceutical industries, textiles and clothing, furniture and wood, and electrical and electronic equipment. The mining and metallurgy industry, in particular, is notable for Albania's abundant natural resources such as copper, chromium, bauxite, and oil.
Agriculture contributes approximately 18.6% to the GDP. Major agricultural crops in Albania include wheat, corn, barley, fruits, and vegetables such as potatoes, tomatoes, peppers, apples, cherries, grapes, olives, and olive oil. Viticulture and wine production are also significant sectors in agriculture.
The breakdown of the Albanian economy by sector is as follows:
Services: 47.3%
Industry: 21.4%
Agriculture: 18.6%
Other: 12.7%
