Economy of AndorraPopulation: 0.08 M (2018)
GDP per Capita: 42,030 USD (2018)
GDP and Economic Growth
Government spending and balances
International Trade and Investment
|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)|
|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|
|Balance of Payments|
|Forest Area||34.00 % (2016)|
|Forest Area km²||160 km² (2016)|
|Agricultural Land||39.96 % (2016)|
|Agricultural Land km²||188 km² (2016)|
|Value added % GDP||0.48 % (2017)|
|Agriculture Value added||USD 0.01 B. (2017)|
|Crop Production Index||39.96 % (2016)|
|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).