The following chart gives a clear picture of the amount of public debt per capita that belongs to every citizen, despite its age and its revenues for the years 2000-2012.
Source: Ministry of Finance , Institute of Statistic (INSTAT )
Comments and Analysis: Open Data Albania (ODA)
As can be seen, the amount of debt per capita has been steadily increased from year to year. At a time when population growth rates have been relatively low (during 2000-2010), the main factor that caused the growth of public debt per capita has been the increase of public debt stock. The years 2002, 2008 and 2009 marked three years with the higher debt per capita, respectively 14:44%, 14.63% and 13.71%.
Thus, while in 2000 the amount of debt per capita was 104,498 Albanian Lek; in 2005 it was about 43% higher and in 2010 reached the level of 223,939 Albanian Lek or 114% more than in 2000. If we assume an average family of 4 persons, in 2010 public debt that belonged to this family would be 895,755 Albanian Lek. Meanwhile, it should be noted that not all the population is taxpayers (for example: population aged 0-14, persons with disabilities, pensioners, etc.) and directly contributing to the repayment of debt, which means that the amount of public debt to taxpayers is even higher.
The year 2011 marks a significant turnaround in the amount of debt per capita, because the data shows for a decline at the level of about 11% compared to 2010. This has caused a high increase in debt per capita, as now, are contributing less Albanians for the payment of the debt stock, which is growing year after year. In the year 2011 public debt per capita recorded the level of 272,817 Albanian Le, while in 2012, assuming the same level of population; it is expected to reach the level of 291,588 Albanian Lek or the level of 1,166,352 Albanian Lek for a family of 4 persons.
The following chart gives a growth rate of the two factors that determine the amount of debt per capita: debt stock and population.
Source: Ministry of Finance, INSTAT
Comments and Analysis: Open Data Albania (ODA)
As can be seen from the graph, until 2010, the performance of debt per capita is explained mainly by the raise or drop of the debt stock, while in 2011 the level of population becomes the determining factor for the amount of debt per capita.
All the information is presented in the table below:
Source: Ministry of Finance, INSTAT
Comments and Analysis: Open Data Albania (ODA)
Data for the public debt during 2000-2008 is taken from “Bulletin of debt indicators in 2008”:
http://www.minfin.gov.al/minfin/pub/treguesit_e_borxhit_2008_790_1.pdf
Data for the public debt during 2009-2011 is taken from “Bulletin of debt indicators in 211”:
http://www.minfin.gov.al/minfin/pub/buletini_12m_viti_2011_3232_1.pdf
Data for the public debt during 2012 is taken from “ Economic and Fiscal Framework during 2012-2014”, CoM act no. 748, date 2.11.2011:
http://www.minfin.gov.al/minfin/pub/kuadri_makroekonomik_e_fiskal_per_periudhen_2012_2014_vkm_nr_748_date_2_11_2011_2761_1.pdf
Data for the population of 2011 is taken from the initial results published on October 1, 2011. In 2012 is assumed the same level of population as in 2011.