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xPLICIT
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xPRESSION
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xECUTIVE
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xCLUSIVE
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xPERIENCE
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xPLORER
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xHIBITION
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xCANGE
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xTREME
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xPERT
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| ALBANIA: |
 |
| Area: |
total: 28,748
sq km
land: 27,398 sq km
water: 1,350 sq km |
| Land boundaries: |
total: 720 km
border countries: Greece 282 km, Macedonia 151 km, Montenegro 172 km,
Serbia 115 km
Coastline: 362 km |
| Natural resources: |
petroleum,
natural gas, coal, bauxite, chromite, copper, iron ore, nickel, salt,
timber, hydropower |
| Population: |
3,581,655
0-14 years: 24.8% (male 464,954/female 423,003)
15-64 years: 66.3% (male 1,214,942/female 1,158,562)
65 years and over: 8.9% (male 148,028/female 172,166) |
| Administrative divisions: |
12 counties (qarqe,
singular - qark); Qarku i Beratit, Qarku i Dibres, Qarku i Durresit,
Qarku i Elbasanit, Qarku i Fierit, Qarku i Gjirokastres, Qarku i Korces,
Qarku i Kukesit, Qarku i Lezhes, Qarku i Shkodres, Qarku i Tiranes,
Qarku i Vlores |
| International organization participation: |
BSEC, CE, CEI,
EAPC, EBRD, FAO, IAEA, IBRD, ICAO, ICCt, ICFTU, ICRM, IDA, IDB, IFAD,
IFC, IFRCS, ILO, IMF, IMO, Interpol, IOC, IOM, IPU, ISO (correspondent),
ITU, MIGA, OIC, OIF, OPCW, OSCE, PFP, SECI, UN, UNCTAD, UNESCO, UNIDO,
UNOMIG, UPU, WCO, WFTU, WHO, WIPO, WMO, WToO, WTO |
| Economy overview: |
Lagging behind
its Balkan neighbors, Albania is making the difficult transition to a
more modern open-market economy. The government has taken measures to
curb violent crime and to spur economic activity and trade. The economy
is bolstered by annual remittances from abroad of $600-$800 million,
mostly from Greece and Italy; this helps offset the towering trade
deficit. Agriculture, which accounts for about one-quarter of GDP, is
held back because of frequent drought and the need to modernize
equipment, to clarify property rights, and to consolidate small plots of
land. Energy shortages and antiquated and inadequate infrastructure
contribute to Albania's poor business environment, which make it
difficult to attract and sustain foreign investment. The planned
construction of a new thermal power plant near Vlore and improved
transmission and distribution facilities will help relieve the energy
shortages. Also, the government is moving slowly to improve the poor
national road and rail network, a long-standing barrier to sustained
economic growth. On the positive side: growth was strong in 2003-05 and
inflation is not a problem. |
| GDP |
official
exchange rate: $8.657 billion
real growth rate: 5.5%
per capita (PPP): $5,300 |
| Industries: |
food
processing, textiles and clothing; lumber, oil, cement, chemicals,
mining, basic metals, hydropower
Industrial production growth rate: 3.1% |
| Exports: |
$650.1 million
f.o.b.
Exports - partners: Italy 72.4%, Greece 10.5%, Serbia and Montenegro 5% |
| Imports: |
$2.473 billion
f.o.b.
Italy 29.3%, Greece 16.4%, Turkey 7.5%, China 6.6%, Germany 5.4%, Russia
4% |
| Debt - external: |
$1.55 billion |
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SEE Report, All rights reserved |