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Europe > Andorra > Economy

ANDORRAN ECONOMY STATS:   Top Stats   All Stats  
View this page with:    Just Stats   Sources   Definitions   Both  
Agriculture > products
small quantities of rye, wheat, barley, oats, vegetables; sheep
Budget > Expenditures $386,600,000.00 Time series [153rd of 165]
Budget > Revenues $333,500,000.00 Time series [151st of 166]
Central bank
Institut Nacional Andorra de Finances
Economy > Overview
Tourism, the mainstay of Andorra's tiny, well-to-do economy, accounts for more than 80% of GDP. An estimated 11.6 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 partial "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.
Exchange rates
euros per US dollar - 0.8054 (2004), 0.886 (2003), 1.0626 (2002), 1.1175 (2001), 1.0854 (2000)
Exports $148,700,000.00 Time series [160th of 189]
Exports > Commodities
tobacco products, furniture
Exports to US $0.00 [217th of 224]
GDP $1,300,000,000.00 Time series [151st of 203]
GDP (purchasing power parity) $2,770,000,000.00 Time series [168th of 187]
GDP > Real growth rate 3.5% Time series [126th of 198]
Imports $1,879,000,000.00 Time series [129th of 185]
Inflation rate (consumer prices) 3.2% Time series [109th of 192]
International tourism, number of arrivals 2,418,000 Time series [48th of 190]
Tourist arrivals by region of origin > Europe 2,418,409 Time series [30th of 195]
Trade balance with US $2,300,000.00 [76th of 224]
World Trade > Exports > Passenger cars etc 17,503 [49th of 110]
World Trade > Imports > Mech transmission equipment 110 [133rd of 137]
World Trade > Imports > Special transactions nes 1,913 [75th of 118]

... View all Economy stats

SOURCES: CIA World Factbook, 28 July 2005; All CIA World Factbooks 18 December 2003 to 18 December 2008; CoinsManiaPortal Thanks to John Baibakis; US Census Bureau; World Development Indicators database and CIA World Factbook; World Development Indicators database; Source: World Tourism Organization Statistics Database and Yearbook | United Nations World Tourism Organization; International Trade Centre UNCTAD/WTO; International Trade Centre UNCTAD/WTO; International Trade Centre UNCTAD/WTO

ALTERNATIVE NAMES: Andorra, Principality of Andorra, Principat d'Andorra

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COMMENTARY     

Ida
15th September 2005
What is the main source of food and drink in Andorra
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