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| Economy overview | Tourism, the mainstay of Andorra's tiny, well-to-do economy, accounts for roughly 80% of GDP. An estimated 9 million tourists visit annually, attracted by Andorra's duty-free status and by its summer and winter resorts. Andorra's comparative advantage has recently eroded as the economies of neighboring France and Spain have been opened up, providing broader availability of goods and lower tariffs. The banking sector, with its "tax haven" status, also contributes substantially to the economy. Agricultural production is limited - only 2% of the land is arable - and most food has to be imported. The principal livestock activity is sheep raising. Manufacturing output consists mainly of cigarettes, cigars, and furniture. Andorra is a member of the EU Customs Union and is treated as an EU member for trade in manufactured goods (no tariffs) and as a non-EU member for agricultural products. |
| GDP | purchasing power parity - $1.3 billion (2000 est.) |
| GDP - real growth rate | 3.8% (2000 est.) |
| GDP - per capita | purchasing power parity - $19,000 (2000 est.) |
| GDP - composition by sector |
agriculture: na industry: na services: na |
| Investment gross fixed | |
| Population below poverty line | NA |
| Household income or consumption by percentage share |
lowest 10%: na highest 10%: na |
| Distribution of family income - Gini index | |
| Inflation rate consumer prices | 4.3% (2000) |
| Labor force | 33,000 (2001 est.) |
| Labor force by occupation | agriculture 1%, industry 21%, services 78% (2000 est.) |
| Unemployment rate | 0% (1996 est.) |
| Budget |
revenues: $385 million expenditures: $342 million, including capital expenditures of na (1997) |
| Public debt | |
| Agriculture products | small quantities of rye, wheat, barley, oats, vegetables; sheep |
| Industries | tourism (particularly skiing), cattle raising, timber, banking |
| Industrial production growth rate | NA |
| Electricity production | NA kWh |
| Electricity production by source | NA |
| Electricity consumption | NA kWh |
| Electricity exports | 0 kWh (2002) |
| Electricity imports | NA kWh; note - most electricity supplied by Spain and France; Andorra generates a small amount of hydropower |
| Oil production | |
| Oil consumption | |
| Oil exports | |
| Oil imports | |
| Oil proved reserves | |
| Natural gas production | |
| Natural gas consumption | |
| Natural gas exports | |
| Natural gas imports | |
| Natural gas proved reserves | |
| Current account balance | |
| Exports | $58 million f.o.b. (1998) |
| Exports commodities | tobacco products, furniture |
| Exports partners | Spain 58%, France 34% (2000) |
| Imports | $1.077 billion (1998) |
| Imports commodities | consumer goods, food, electricity |
| Imports partners | Spain 48%, France 35%, US 2.3% (2000) |
| Reserves of foreign exchange gold | |
| Debt external | NA |
| Economic aid recipient | none |
| Currency | euro (EUR) |
| Currency code | EUR |
| Exchange rates | euros per US dollar - 0.886 (2003), 1.0626 (2002), 1.12 (2001), 1.09 (2000), 0.94 (1999) |
| Fiscal year | calendar year |
Introduction and Background to Andorra | Geography Of Andorra | People Of Andorra | Government Of Andorra | Communications Of Andorra | Transportation Of Andorra | Military Of Andorra | Transnational Issues Of Andorra
Andorran Flag Map Of Andorra Catalan language Latin Spanish language
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