Andorra

Country Summary

Introduction

Background

The landlocked Principality of Andorra is one of the smallest states in Europe. Although not a member of the EU, Andorra enjoys a special relationship with the bloc that is governed by various customs and cooperation agreements; it uses the euro as its national currency.

Geography

Area

total: 468 sq km
land: 468 sq km
water: 0 sq km

Climate

temperate; snowy, cold winters and warm, dry summers

Natural resources

hydropower, mineral water, timber, iron ore, lead

People and Society

Population

85,468 (2023 est.)

Ethnic groups

Andorran 47.6%, Spanish 24.8%, Portuguese 10.8%, French 4.5%, Argentine 1.7%, British, 1%, other 9.7% (2022 est.)

Languages

Catalan (official) 35.7%, Castilian 43.2%, Portuguese 17.1%, French 8.9%, English 1.8%, other 5% (2018 est.)

Religions

Christian (predominantly Roman Catholic) 89.5, other 8.8%, unaffiliated 1.7% (2020 est.)

Population growth rate

-0.11% (2023 est.)

Government

Government type

parliamentary democracy (since March 1993) that retains its chiefs of state in the form of a co-principality; the two princes are the President of France and Bishop of Seu d'Urgell, Spain

Capital

name: Andorra la Vella

Executive branch

chief of state: Co-prince Emmanuel MACRON (since 14 May 2017); represented by Patrick STROZDA (since 14 May 2017); and Co-prince Archbishop Joan-Enric VIVES i Sicilia (since 12 May 2003); represented by Josep Maria MAURI (since 20 July 2012)
head of government: Prime Minister Xavier Espot ZAMORA (since 16 May 2019)

Legislative branch

description: unicameral General Council of the Valleys or Consell General de les Valls (a minimum of 28 seats; 14 members directly elected in two-seat constituencies (7 parishes) by simple majority vote and 14 directly elected in a single national constituency by proportional representation vote; members serve 4-year terms); note - voters cast two separate ballots - one for national and one for their parish

Economy

Economic overview

high GDP; low unemployment; non-EU Euro user; co-principality duty-free area between Spain and France; tourist hub but hit hard by COVID-19; modern, non-tax haven financial sector; looking for big tech investments; new member of SEPA and IMF

Real GDP (purchasing power parity)

$3.327 billion (2015 est.)
$3.363 billion (2014 est.)
$3.273 billion (2013 est.)

Real GDP per capita

$49,900 (2015 est.)
$51,300 (2014 est.)
$50,300 (2013 est.)

Agricultural products

small quantities of rye, wheat, barley, oats, vegetables, tobacco, sheep, cattle

Industries

tourism (particularly skiing), banking, timber, furniture

Exports

$1.842 billion (2020 est.)
$2.335 billion (2019 est.)

Exports - partners

Spain 40%, France 19%, United States 11%, Mauritania 5% (2019)

Exports - commodities

integrated circuits, dental fitting supplies, cars, gold, essential oils (2021)

Imports

$1.727 billion (2020 est.)
$2.032 billion (2019 est.)

Imports - partners

Spain 71%, France 17% (2019)

Imports - commodities

cars, refined petroleum, perfumes, shaving products, liquors (2019)

Exchange rates

euros (EUR) per US dollar -
Exchange rates:
0.845 (2021 est.)
0.885 (2017 est.)
0.903 (2016 est.)
0.921 (2015 est.)
0.885 (2014 est.)


Page last updated: Wednesday, December 06, 2023