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
total: 85,370
Ethnic groups
Spanish 34.3%, Andorran 32.1%, Portuguese 10%, French 5.6%, other 18% (2024 est.)
Languages
Catalan (official) 44.1%, Castilian 40.3%, Portuguese 13.5%, French 10%, English 3%, other 6.8% (2022 est.)
Religions
Christian (predominantly Roman Catholic) 89.5, other 8.8%, unaffiliated 1.7% (2020 est.)
Population growth rate
-0.12% (2024 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 Eduard Ibanez PULIDO (since 27 November 2023)
head of government: Prime Minister Xavier Espot ZAMORA (since 16 May 2019)
Legislative branch
summary: unicameral General Council of the Valleys (28 seats)
Diplomatic representation in the US
chief of mission: Ambassador Elisenda VIVES BALMAÑA (since 2 March 2016); note - also Permanent Representative to the UN
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)
$5.168 billion (2023 est.)
$5.094 billion (2022 est.)
$4.65 billion (2021 est.)
Real GDP per capita
$64,500 (2023 est.)
$63,800 (2022 est.)
$58,800 (2021 est.)
Exports
$2.736 billion (2022 est.)
$2.414 billion (2021 est.)
$1.842 billion (2020 est.)
Exports - partners
Spain 73%, France 6%, UK 3%, US 2%, Germany 2% (2022)
Exports - commodities
paintings, integrated circuits, cars, orthopedic appliances, garments (2022)
Imports
$2.44 billion (2022 est.)
$2.143 billion (2021 est.)
$1.727 billion (2020 est.)
Imports - partners
Spain 66%, France 12%, Germany 4%, China 3%, Italy 3% (2022)
Imports - commodities
cars, refined petroleum, garments, electricity, beauty products (2022)
Page last updated: Wednesday, August 07, 2024
