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Voxpress:

How much do Albanians spend per year on their well-being?

2024-03-26 18:55:05Lifestyle SHKRUAR NGA REDAKSIA VOX

How much do Albanians spend per year on their well-being?

The Global Wellness Institute, which is recognized as the leading source for research in the wellness industry, has recently published its research report on the global wellness economy (The Global Wellness Economy, 2019-2022). This report assesses and ranks the welfare economy in 218 countries around the world.

Some of the main areas this report is based on are personal care and beauty; healthy eating, nutrition and weight loss; physical activity; traditional and complementary medicine; public health; mental well-being; well-being in the workplace as well as other areas related to health and well-being as a whole. Among the 218 countries included in the study, we find our country ranked.

The data according to the report show that the welfare economy in our country, for 2022, occupies almost 1.3 billion dollars of the market and this figure is estimated at 463 dollars per capita. Compared to 2020, this value is seen to have increased as a result of the recovery from the pandemic.

As for the ranking, Albania occupies the 102nd place for this edition for the size of the welfare economy in the market, for the year 2022, while we are ranked 84th for per capita spending. Compared to the countries of the region, Albania ranks third in terms of the value of the welfare market. The first in the ranking is Serbia, occupying the 72nd place, and the welfare economy for this country is estimated at 3.7 billion dollars.

Bosnia and Herzegovina is second in the ranking and the size of the welfare market is estimated at 1.5 billion dollars. Albania has left behind North Macedonia, Montenegro and Kosovo. In Kosovo, the welfare market for 2022 is estimated at 0.5 billion dollars. The countries that lead the list in this ranking are countries like the United States of America, China, Japan and Germany.

According to the data of the report, the welfare economy in Albania for the year 2022 in total is estimated to occupy about 6.9% of the Gross Domestic Product.

We emphasize that the analysis is based on extensive primary and secondary research conducted from January to September 2023, including literature reviews, data research and expert interviews.

The main public and private sources consulted include important institutions such as the World Bank, the International Monetary Fund, the World Health Organization, the International Labor Organization, the World Tourism Organization, Statista, Eurostat, etc.


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