Economic inequality in Albania may be significantly deeper than official statistics suggest, according to economic expert Eduart Gjokutaj, who raised concerns over the concentration of wealth and weak income redistribution mechanisms during an interview on News24.
His analysis points to a growing gap between income groups, with a small percentage of individuals reportedly controlling the overwhelming majority of national savings.
Speaking on News24, Gjokutaj argued that while official economic indicators may create the impression of some level of redistribution, the underlying financial reality tells a different story. According to him, a closer examination of income flows and wealth distribution reveals a stronger concentration of capital in the hands of a limited group of individuals and economic segments.
The expert stated that Albania is experiencing a level of income inequality that exceeds what is currently reflected in official statistical reports. He stressed that profits and economic gains are not being distributed proportionally across society, but instead are accumulating among groups connected to economic privileges, political influence, or clientelist networks.
One of the strongest indicators cited by Gjokutaj relates to bank savings deposits. According to his analysis, approximately 7% of Albanian deposit holders — estimated at around 12,000 to 13,000 individuals — control more than 93% of total savings held in bank deposits. Meanwhile, the remaining majority of the population shares only a small fraction of these financial assets.
Gjokutaj warned that this level of wealth concentration reflects structural imbalances in Albania’s economy and raises concerns about the effectiveness of fiscal and budgetary policies designed to support equitable income distribution. He noted that when capital remains concentrated in limited circles, broader economic participation and social mobility become increasingly difficult.
The comments add to the ongoing public debate around economic inequality, living standards, and financial inclusion in Albania, where analysts continue to monitor how wealth distribution impacts long-term economic stability and social cohesion.