Andorra Economic Statistics and Indicators

17, Jul 2018, EDT. Welcome to the Andorra economic statistics pages provided by the beta version of EconomyWatch.com's Econ Stats database.

Economic Indicators For: Andorra › Change country
National or Regional Currency: Euro, EUR
Year of data: 2015 › Change year
Number of Indicators Listed:
Full Dataset: From Year 1980 to 2019
Date of Last Update: 17th March 2015
Population: 85,458 (July 2014 est.)
Area: total: 468 sq km ; land: 468 sq km ; water: 0 sq km
Natural Resources: hydropower, mineral water, timber, iron ore, lead
Capital: name: Andorra la Vella ; geographic coordinates: 42 30 N, 1 31 E ; time difference: UTC+1 (6 hours ahead of Washington, DC during Standard Time) ; daylight saving time: +1hr, begins last Sunday in March; ends last Sunday in October

Tourism, retail sales, and finance are the mainstays of Andorra's tiny, well-to-do economy, accounting for more than three-quarters of GDP. Andorra's duty-free status for some products and its summer and winter resorts attract millions of visitors annually, although the economic downturn in neighboring countries has curtailed the number of tourists. Andorra's comparative advantage as a tax haven eroded when the borders of neighboring France and Spain opened; its bank secrecy laws have been relaxed under pressure from the EU and OECD. Agricultural production is limited - only 5% of the land is arable - and most food has to be imported, making the economy vulnerable to changes in fuel and food prices. The principal livestock is sheep. Manufacturing output and exports consist mainly of perfumes and cosmetic products, products of the printing industry, electrical machinery and equipment, clothing, tobacco products, 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. Andorra uses the euro and is effectively subject to the monetary policy of the European Central Bank. Slower growth in Spain and France has dimmed Andorra's economic prospects. Since 2010, a drop in tourism contributed to a contraction in GDP and a sharp deterioration of public finances, prompting the government to begin implementing several austerity measures to reduce the budget deficit, including levying a special corporate tax. To bring in new revenue and diversify future sources of economic growth, the government approved in July 2012 a new foreign investment law opening investment to foreign capital.
More on the Andorra Economy
More on the Andorra Export, Import and Trade

Economic Indicators for Andorra 2015

Not Available
* Source: IMF
Aggregate Indicators for Andorra
Indicators
  Geography (Location, geographic coordinates, map references, area, terrain, elevation extremes, borders, coastline and maritime claims) for Andorra
  Climate and Environment (climate, environmental issues, environmental agreements, natural hazards) for Andorra
  Natural Resources, Agricultural Products, Land Use and Water Use for Andorra
  Nationality, Ethnic Groups, Languages and Religions for Andorra
  Telephone Statistics: Number of Fixed Lines, Mobile Phone Penetration Rate for Andorra
  Age Structure, Median Age, Gender and Urbanization for Andorra
  Population Growth Rate, Birth Rate, Death Rate, Net Migration Rate for Andorra
  Life Expectancy Rate, Infant Mortality Rate and Total Fertility Rate for Andorra
  HIV, AIDS and Other Major Infectious Disease Rates for Andorra
  Literacy Rate, Educational Expenditure and School Life Expectancy for Andorra
  Gross Domestic Product (PPP, Official Exchange Rate, Real Growth Rate and Per Capita) for Andorra
  Industries and Industrial Growth Production Rate for Andorra
  Labor Force by Occupation for Andorra
  Poverty Line, Gini Index, Household Income and Consumption for Andorra
  National Budget and Public Debt for Andorra
  Bank Rates (Commercial Bank Prime Lending Rate, Central Bank Discount Rate) for Andorra
  Stock of Money, Stock of Quasi Money, Stock of Domestic Credit for Andorra
  Stock Market Capitalization: Market Value of Publicly Traded Shares for Andorra
  Trade Statistics, Export Statistics, Export Partners and Products, Import Statistics, Import Partners and Products for Andorra
  Foreign Exchange Reserves and Gold Reserves for Andorra
  FDI Statistics (Foreign Direct Investment at Home/ Inbound FDI, Foreign Direct Investment Abroad/ Outbound FDI) for Andorra
  Exchange Rate Statistics for Andorra
  Electricity Production, Electricity Consumption, Electricity Exports and Electricity Imports for Andorra
  Oil Production, Proven Oil Reserves, Oil Consumption, Oil Exports and Oil Imports for Andorra
  Natural Gas Production, Proven Natural Gas Reserves, Natural Gas Consumption, Natural Gas Exports and Natural Gas Imports for Andorra
  Television and Radio Statistics (TV Stats, Radio Stats) for Andorra
  Internet Statistics (Internet Users, Internet Hosts, Country TLD) for Andorra
  Airport Statistics (Paved Runway Airports, Unpaved Runway Airports, Heliports) for Andorra
  Transport Statistics (Railways, Roadways, Waterways, Ports and Terminals, Airports, Merchant Marine) for Andorra
  Military Statistics (Military Expenditure, Military Branches, Service Age and Obligation, Manpower Available and Fit for Military Service) for Andorra
  Disputes, Refugees, Human Trafficking and Illicit Drug Production for Andorra
* Source: CIA
Internet Indicators for Andorra
Indicators
  Number of Internet Users for Andorra
  Internet Penetration Rate for Andorra
  Number of Facebook Accounts for Andorra
  Facebook Penetration Rate for Andorra
* Source: IWS