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Home :: Trade Leads By Country : Andorra



ANDORRA

Andorra, Countries by TradeAndorra, Countries by Trade

Introduction

Andorra is a country that is only 468 square kilometres and this small and compact country has a population of around 65,000 inhabitants - that's less people than there are in Barcelona's Nou Camp stadium every week - so one can imagine the strength of the population that lives in this country and also the population that visits this country but although during the peak season of tourism there are a lot of tourists who come over to enjoy the habitats here specially the ski season.Somethig that is a draw back here is the transportation and there are no railways or airport in Andorra, but the roads are in excellent condition and there is a helicopter service if you want look at the country from the air.


Business and Economy

Tourism, the mainstay of Andorra's tiny, well-to-do economy,and it is quite unbelievable how this sectoe has made the economy grow and as the tourism department of the country 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. This country also enjoys a lot of attention due to its neighbouring states that are qite influential in the orld market. 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 economyAnd like most countries here also the Agriculture sector contributes a lot and adds to the GDP.


Major Cities

The major cities in Andorra are Andorra la Vella,Canillo,Encamp,La Massana,Les Escaldes,Ordino,Sant Julià de Lòria.


Fact Sheet

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%
Population below poverty line:
NA% (1995-96)
Household income or consumption by percentage share:
lowest 10%: NA%
highest 10%: NA%
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)
Industries: tourism (particularly skiing), cattle raising, timber, banking
Industrial production growth rate: NA%
Electricity - production: NA kWh
Electricity - production by source: NA (2001)
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
Agriculture - products: small quantities of rye, wheat, barley, oats, vegetables; sheep
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)
Debt - external: $NA
Economic aid - recipient: none
Currency: euro (EUR)
Currency code: EUR




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