IMF: Albania, Kosovo poorest countries in Europe

IMF: Albania, Kosovo poorest countries in Europe

Albania and Kosovo are the poorest countries in Europe. In this conclusion comes the International Monetary Fund as it compares per capita income and consumption across the continent. Albania and Kosovo are the poorest states in Europe, based on per capita income, measuring purchasing power. Order appears in the report [...]

Albania and Kosovo are the poorest states in Europe, based on per capita income, measuring purchasing power. The ranking appears in the latest International Monetary Fund report.

Data appearing in the global Economic Mirror 2023 shows that Albania ranks last in Europe with revenues per capita of $19,000 internationally, and Kosovo appears at the end, with 15 600 dollars. Bosnia and Herzegovina has slightly higher per capita incomes than Albania, at $19.6 thousand international dollars, North Macedonia 21.1 thousand, Serbia with 25.4, and at the top of the region, Montenegro stands at $27.6 thousand.

Europe's essay is nearly 50,000, while Albania has the per capita income measured according to purchasing power nearly half the size of Eastern Europe.

Even in the next direct index, the Bruto Internal Production per capita, which for Albania has reached $70,000, we are the last, along with Kosovo, at the level of $5,600.

The Albanian government has adopted a decision to raise wages by 50% within two years, politics that can boost prosperity and promote competition in the region for income level.

But it will be its market and dynamics, the ones that will show the impact of this decision.

 

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