According to a report, Albania trailed only Montenegro in terms of GDP percentage in the aftermath of the COVID-19 pandemic and the post-war price crisis caused by Russia’s invasion of Ukraine.
According to the World Bank, the Albanian government provided the region’s needy with the second-lowest amount of COVID-19 assistance.
Only 0.3 percent of GDP was allocated by the Albanian government to assist citizens in combating the effects of the pandemic and rising inflation. In contrast, North Macedonia had the most comprehensive crisis package, amounting to 3.6 percent of GDP. Tax breaks made up 1.5 percent of the total, while social benefits made up 0.3 percent and direct subsidies made up 1.9 percent.
Serbia allocated 2%, with 15% allocated to social payments and 1% allocated to tax breaks. With 0.7 percent in subsidies and 0.4 percent in social transfers, Kosovo provided more than twice as much as Albania.
Montenegro made an even smaller contribution, with only 0.2 percent coming from social transfers and 0.1 percent from subsidies. Bosnians received 0.6 percent of their GDP in aid.
Following the pandemic, Albania only managed to provide 1% of GDP in financial assistance. The average for the developing world is 3.1 percent, while the EU average is 6.2 percent. Albania ranks second in the region in terms of COVID support.