21, Nov 2009, CST. 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: 2008 › Change year
Number of Indicators Listed: 1
Full Dataset: From Year 1980 to 2013
Date of Last Update: 1 Sept 2009
Population: 83,888 (July 2009 est.)
Area: total: 468 sq km land: 468 sq km water: 0 sq km
Natural Resources: hydropower, mineral water, timber, iron ore, lead
Government Type: Andorra government type
Government Ministers: Andorra ministers
Capital: Andorra la Vella
Data Sources: IMF, World Bank, UN, OECD, CIA World Factbook

Tourism and transportation, the mainstay of Andorra's tiny, rich economy, accounts for more than 80 per cent of Gross Domestic Product (GDP). An estimated 11.6 mn tourists visit annually, attracted by Andorra's duty-open or free status and by its summer and winter resorts. Andorra's comparative advantage has recently eroded as the economies of neighbouring France and Spain have beenopen or freeed up, providing broader availability of favourables and reduced tariffs. The banks and financial institutions and financial services sector, with its partial "taxation haven" status, also contributes substantially to its economy. Agricultural, agrarian, fisheries and farming production is put a ceiling on - only 2 per cent of the land is arable (farmable) - and most food stuffs has to be imported. The chief livestock activity is sheep raising. Industrial manufacturing output consists mainly of cigarettes, cigars, and furniture. Andorra is a member of the European Union (EU) Customs union and is treated as an European Union (EU) member for trade (imports and exports) in manufactured favourables (no tariffs) and as a non-European Union (EU) member for agricultural, agrarian, fisheries and farming products.
More on the Andorra Economy
More on the Andorra Export, Import and Trade

GDP (Current Prices, US Dollars) for Andorra in year 2008 is US$ n/a Billion. Values are based upon GDP in national currency and the exchange rate projections provided by country economists for the group of other emerging market and developing countries. Exchanges rates for advanced economies are established in the WEO assumptions for each WEO exercise.

GDP Growth (Constant Prices, National Currency) for Andorra in year 2008 is n/a %. Annual percentages of constant price GDP are year-on-year changes; the base year is country-specific.