Country Profile

Albania officially the Republic of Albania is a country in Southeastern Europe. It is located on the Adriatic and Ionian Sea within the Mediterranean Sea, and shares land borders with Montenegro to the northwest, Kosovo to the northeast, North Macedonia to the east, Greece to the south; and maritime borders with Greece, Montenegro and Italy to the west. Tirana is its capital and largest city, followed by Durrës, Vlorë and Shkodër.

The country has a developing mixed economy classified by the World Bank as an upper-middle income economy. In 2016, it had the 4th lowest unemployment rate in the Balkans with an estimated value of 14.7%. Its largest trading partners are Italy, Greece, China, Spain, Kosovo and the United States. The lek (ALL) is the country's currency and is pegged at approximately 132,51 lek per euro.