Economy of Andorra
Population: 0.08 M (2018)
GDP per Capita: 42,030 USD (2018)
3,240 M.

GDP USD

(2018)

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2,018 B.

EXPORTS USD

(2018)

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2,018 B.

IMPORTS USD

(2018)

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36.10 %

PUBLIC DEBT

(2018)

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Data is provided by World Bank, FMI and Central Banks.

GDP and Economic Growth

Indicator Value
Economic Growth 1.63 % (2018)
GDP of 2010 USD USD 3.40 B. (2018)
GDP Current USD USD 3.24 B. (2018)
GDP per Capita Current USD USD 42,030 (2018)
GDP per capita, PPP Andorra
GDP per Capita, 2010 USD USD 44,570 (2018)

Government spending and balances

Indicator Value
Government Spending % GDP
Government Spending
Government Debt % GDP 36.10 % (2018)

International Trade and Investment

Indicator Value
Terms of Trade Base Year 2000 95.05 (2004)
Trade Openness 95.05 (2004)
Exports of Goods and Services % GDP
Exports Goods & Services
Exports Annual Growth 95.05 (2004)
Imports as % GDP 95.05 (2004)
Total Imports
Foreign Direct Investment % GDP
Foreign Direct Investment
Current Account Balance % GDP USD % (2004)
Current Account Balance USD B. (2004)
Trade Balance % GDP % (2004)
Trade Balance USD B. (2004)
Foreign Exchange Reserves incl Gold
Remittances % GDP
Remittances
Balance of Payments

Labor Market

Indicator Value
Labor Force
Unemployment Rate
Unemployment Rate Females
Unemployment Rate Males
Youth Unemployment (ages 15-24)
Labor Force Participation Rate
Labor Force (Percent Female)
Female Labor Force Participation Rate
Male Labor Force Participation Rate
Dependent People

Agriculture Sector

Indicator Value
Forest Area 34.00 % (2016)
Forest Area km² 160 km² (2016)
Agricultural Land 39.96 % (2016)
Agricultural Land km² 188 km² (2016)
Employment
Value added % GDP 0.48 % (2017)
Agriculture Value added USD 0.01 B. (2017)
Crop Production Index 39.96 % (2016)
Precipitation
Arable Land 2 % (2016)
Cereal Yield 2 % (2016)
Food production index 2 % (2016)
Rural Population 12 % (2018)
Fertilizer use of Arable Land 2 % (2016)
Livestock Production Index 2 % (2016)
Economy of Andorra

According to the World Bank and its latest published data, the economy of the Andorra presents a growth rate of 1.63 % (2018) to the previous year.

With a population that reaches 0.08 M (2018) and a gross domestic product of USD 3.24 B. (2018), it translates a Gross Domestic Product per Capita of USD 42,030 placing its inhabitants on the threshold of an High-income country (according to the World Bank's updated classification).

Andorra also has a workforce of with an unemployment rate of , where women represent and men , the unemployment rate for young people between 15-24 years old stood at . The total number of dependent people stands at .

The central government spent of its gross domestic product that year, which in absolute terms is . Its consolidated public debt reached 36.10 of its GDP, exceeding the 35% risk limit used by the European Union.

Regarding its international trade, Andorra exported , which represents of its gross domestic product, in that same sense its imports reached with a direct foreign investment of .

Andorra has a forest area of 160 km² (2016), which represents 34.00 % (2016) of its total area, an average rainfall of per year and a population of 12 % (2018) living in rural areas. With a total area of 188 km² (2016) available for agriculture and of its employments, the agricultural sector contributes to the economy of the Andorra about USD 0.01 B. (2017) (0.48 % (2017) of its GDP).