Debt stock of a country is total public debt issued domestically and abroad and has not yet been repaid. Open Data Albania, has conducted a research, based on data from the Bank of Albania, Ministry of Finance and International Monetary Fund (IMF) regarding the progress of the debt stock of the Albanian state over the years. The data are cumulative, so the stock of debt of a year includes total debt issued by that year.

In the case of Albania, the stock of public debt for 2010 was about 715.5 billion Albanian Lek (ALL) or 58.5% of Gross Domestic Product (GDP). During 2010, for the first time based on the law on “Local Government Borrowing”, some municipalities and communes have borrowed in the domestic market to finance infrastructure projects. Debt taken by the local government was about 147 million All, or 0.02% of total public debt.

During the years the total stock of debt has resulted as in the graph shown below:



GDP for 2010 is an estimate of the IMF
Source: Bank of Albania, Ministry of Finance, IMF
Comments and Analysis: Open Data Albania (ODA)

At the end of 2010, the share of debt stock reached the level of 58.5% of Gross Domestic Product (GDP for 2010 is based on the estimation of the IMF round 1,223.8 billion ALL).  Indicator of the weight of debt to GDP has a slight decrease from the previous year (in 2009 the share of debt was about 59.7% of GDP). During 2010, the stock of debt has reached the highest absolute value during the last decade.


GDP for 2010 is an estimate of the IMF
Source: Bank of Albania, Ministry of Finance, IMF
Comments and Analysis: Open Data Albania (ODA)

Although is not the only indicator, the share of debt to GDP is one of the main elements analyzed by investors in financial markets, and affects the interest rate and debt market perception of a country.