Albanias PPP GDP reached $54.2 billion in 2023. The economy, driven by tourism, agriculture, and energy, is transitioning toward market reforms. GDP per capita (PPP) is approximately $19,000. Remittances and EU integration efforts fuel growth, but corruption, high public debt, and unemployment pose challenges. Investments in hydropower and coastal tourism are boosting prospects. Infrastructure improvements and foreign investment are critical for sustained growth, though governance reforms remain essential.