Debt per capita in years 2010-2014

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Public debt per capita is calculated as the ratio of the total stock of debt still outstanding in a given year by the registered population for that year. In simple terms, it represents the average of "the amount each of us carries" or "has to pay" from the debt taken over the years by governments. 

Open Data Albania has examined the performance of this indicator in the years 2010-2014, which appears in the chart below.

Source: Ministry of Finance and INSTAT
Processing and comments: ODA

Its trend has been increasing from year to year , especially in the last two years : in 2013 and forecast for 2014, in which growth rates have been higher. In 2013 the debt per capita marks 326,999 all or 16.11 % more than in 2012. In 2014, this value is expected to reach 370,224 all, which is 13,22 % more than a year ago or 43,226 leks per capita debt added to any resident in Albania in 2013. This means that an average family of 4 persons in 2014 has a increased debt with 172,904 all, to reach 1,480,896 at ALL.

The performance of debt per capita at the same time is affected both by the stock of debt and number of population. The following chart gives their trend , clearly reflecting the growth of the stock of debt is the dominant factor explaining the increased debt per capita from year to year. However, the contraction of the population has increased per capita debt , albeit much smaller than the increase in the stock of debt.

Source: Ministry of Finance and INSTAT
Processing and comments: ODA

The total debt for 2014 has increased by 120.4 billion compared with 2013, while the increase from 2012 to 2013 was about 83.7 billion. Besides borrowing to support the budget and foreign projects, this year the growth of debt has been influenced the inclusion of payment of arrears to 35 billion (according to the table accompanying the Consolidated Budget), which will be used for repayment of liabilities in the infrastructure sector and tax liabilities.

Excel datasets : XML, N3 datasets :
    Contributer: Blerta Zilja, M.Sc.
    Translated by: Viola Qefalia
    Edited by: ODA