Kosovo one of the poorest countries in Europe, here is Albania

Albania continues to remain one of Europe's poorest countries, witnessed also by the latest statistics of the International Monetary Fund updated in “Global Economic Review October 2019” quoted by Monitor magazine.

IMF figures show that the expected per capita income of Albanians was $5,732 for 2019, positioning us in the world's 102nd place from 192 countries to levels similar to Iraq, Paraguay, Lebanon, Libya, etc.

Albania is among the lowest per capita income countries in Europe and behind it in the ranking comes Kosovo with $4,442 per capita, positioned 111th and former Soviet Union states like Ukraine ranking 125th and Moldova in 128th.

Of the countries in the region, the richest are Montenegro's neighbours ranked 78th, with revenues per capita of $8,703, or 62% higher than that of Albanians. Serbia succeeds, instead of 87, northern Macedonia at 95th and Bosnia, 97th.

IMF data, according to the same magazine, refer that even a decade ago Albania was unchanged instead of 102, in an indication that the country's economic growth has failed to be higher than its neighbours, or that it has not produced well for its citizens under the so-called convergence process, where lower income countries should grow faster, in order to grasp the average of the European Union.

Today, EU countries have an average per capita income of $35.8 thousand, or nearly 7 times higher than that of Albanians, according to IMF figures.