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Albania and Kosovo are the poorest countries in Europe. The International Monetary Fund comes to this conclusion, as it compares per capita income and consumption across the continent.
Albania and Kosovo are the poorest countries in Europe, based on per capita income, measured by purchasing power. The ranking appears in the latest report of the International Monetary Fund, Euronews reports.
The data appearing in the Global Economic Review 2023 show that Albania ranks second to last in Europe with a per capita income of 19,000 international dollars, and Kosovo appears last, with 15,600 dollars. Bosnia and Herzegovina has a slightly higher per capita income than Albania, at 19.6 thousand international dollars, North Macedonia at 21.1 thousand, Serbia with 25.4 and Montenegro continues to be at the top of the region, with 27.6 thousand dollars.
The European average is almost 50,000, while Albania's per capita income, measured according to purchasing power, is almost half that of Eastern Europe.
Even in the other direct indicator, that of Gross Domestic Product per capita, which for Albania has reached 7 thousand dollars, we are again last, together with Kosovo, which is at the level of 5,600 dollars.
The Albanian government has approved a decision to increase salaries by 50% within two years, a policy that can increase welfare and promote competition in the region for income levels.