exxun.com - Andorra

Economy	Andorra
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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.
GDP (purchasing power parity):	$3.66 billion (2007) $3.588 billion (2006) $2.77 billion (2005)
GDP - per capita (PPP):	$42,500 (2007) $38,800 (2005)
GDP (official exchange rate):	$NA
GDP - real growth rate:	2% (2007 est.) 3.5% (2005 est.)
GDP - composition by sector:	agriculture: NA% industry: NA% services: NA%
Investment (gross fixed):	void
Population below poverty line:	NA%
Household income or consumption by percentage share:	lowest 10%: NA% highest 10%: NA%
Distribution of family income - Gini index:	void
Inflation rate (consumer prices):	3.9% (2007)
Central bank discount rate:	void
Commercial bank prime lending rate:	void
Stock of money:	void
Stock of money - per capita:	void
Stock of quasi money:	void
Stock of quasi money - per capita:	void
Stock of domestic credit:	void
Stock of domestic credit - per capita:	void
Labor force:	42,230 (2007)
Labor force participation rate:	50.34 % of population
Labor force - by occupation:	agriculture: 0.3% industry: 20.8% services: 79% (2007)
Unemployment rate:	0% (2007)
Budget:	revenues: $496.9 million expenditures: $496.8 million (2007)
Budget revenues per capita:	5,924 USD per capita
Public debt:	void
Industries:	tourism (particularly skiing), cattle raising, timber, banking, tobacco, furniture
Industrial production growth rate:	NA%
Electricity - production:	NA kWh
Electricity - production per capita:	void
Electricity - consumption:	NA kWh
Electricity - consumption - per capita:	void
Electricity - exports:	NA kWh
Electricity - imports:	NA kWh; note - most electricity supplied by Spain and France; Andorra generates a small amount of hydropower
Oil - production:	void
Oil - production per capita:	void
Oil - consumption:	void
Oil - consumption - per capita:	void
Oil - exports:	void
Oil - imports:	void
Oil - proved reserves:	void
Natural gas - production:	void
Natural gas - production per capita:	void
Natural gas - consumption:	void
Natural gas - consumption - per capita:	void
Natural gas - exports:	void
Natural gas - imports:	void
Natural gas - proved reserves:	void
Agriculture - products:	small quantities of rye, wheat, barley, oats, vegetables; sheep
Current account balance:	void
Current account balance - per capita:	void
Exports:	$117.1 million f.o.b. (2007)
Exports per capita:	1,396 USD per capita
Exports - commodities:	tobacco products, furniture
Exports - partners:	void
Imports:	$1.789 billion (2007)
Imports per capita:	21,327 USD per capita
Imports - commodities:	consumer goods, food, electricity
Imports - partners:	void
Reserves of foreign exchange and gold:	void
Reserves of foreign exchange and gold - per capita:	void
Debt - external:	$NA
Debt - external - per capita:	void
Stock of direct foreign investment - at home:	void
Stock of direct foreign investment - at home - per capita:	void
Stock of direct foreign investment - abroad:	void
Stock of direct foreign investment - abroad - per capita:	void
Market value of publicly traded shares:	void
Market value of publicly traded shares - per capita:	void
Economic aid - donor:	void
Economic aid - recipient:	$0
Economic aid - recipient per capita:	void
Currency (code):	euro (EUR)
Exchange rates:	euros (EUR) per US dollar - 0.6827 (2008 est.), 0.7306 (2007), 0.7964 (2006), 0.8041 (2005), 0.8054 (2004)
Fiscal year:	calendar year

= Fields = World Records = Dictionary = Bar graph = Distribution map = Fields History = Definitions



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This page was last updated on 29 June, 2009

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