How much we invest and where we invest determines not only our financial strength, the risk we take, but also the model of the economy. In other words, the way it develops and the sectors that are considered most profitable.
Data shows that the number of active enterprises in our country has exceeded 117 thousand, marking an increase of almost 4 thousand businesses or 3.4% in the span of one year. These are mainly small and medium-sized businesses, which do not require large capital to start or in-depth market analysis.
In recent years, the Albanian economy has been oriented more towards tourism and construction and less towards manufacturing.
Of the 117,000 total enterprises at the end of 2023, over 97,000 or almost 83% of the total were in trade, services, accommodation and construction. Meanwhile, the number of businesses in the manufacturing and processing industry is small and has shrunk in recent years.
The increase in the number of businesses has also been accompanied by an increase in the number of employees, although the workforce remains the main problem currently facing enterprises in Albania.
The data shows that a total of 560,000 individuals are employed in businesses in the country. This figure has expanded by 2.2 percent in the space of a year.
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