Statistics: Foreign business in Albania has 30% of the market
Foreign businesses make almost one third of the annual turnover in the Albanian economy. According to data from the Institute of Statistics, the share of foreign or joint venture capital is growing. Net sales of foreign and joint ventures in 2017 accounted for over 30% of the total net sales of businesses in the country, from 22% in 2016. In 2017, foreign and joint ventures employed 18.7% of the total employed in the domestic economy, from 16% who had employed in 2016.
In total, the number of enterprises with foreign capital participation last year amounted to about 6300, up by about 12% compared to 2016. About 76% of foreign enterprises are small in size, with fewer than four employed individuals. Only 329 foreign-owned enterprises declare more than 50 employees. As far as the origin of capital is concerned, the structure of foreign enterprises in the Albanian economy is dominated by Italian entrepreneurship. For 2017, enterprises with the participation of Italian shareholders were 2887 or 46% of the total.
Italy has a profound margin in relation to the enterprises of other countries, where Greece comes with 8%, and Kosovo and Turkey with about 7%. More widely, foreign businesses in Albania are in the majority of EU countries, accounting for 67% of their total number.
The activity of foreign businesses by sectors is similar to the overall structure of entrepreneurship in Albania and most are engaged in service sectors. Approximately 74% of foreign businesses work in services, while those manufacturing companies are mainly engaged in industry and less in construction or agriculture.