World Factbook

Andorra

Principat d'Andorra

Last updated: 2026-03-28 (today)

Budget

note

note: central government revenues (excluding grants) and expenditures converted to US dollars at average official exchange rate for year indicated

revenues

$1.054 billion (2023 est.)

expenditures

$989.38 million (2023 est.)

Exports

note

note: balance of payments - exports of goods and services in current dollars

Exports 2021

$2.446 billion (2021 est.)

Exports 2022

$2.736 billion (2022 est.)

Exports 2023

$3.169 billion (2023 est.)

Imports

note

note: balance of payments - imports of goods and services in current dollars

Imports 2021

$2.143 billion (2021 est.)

Imports 2022

$2.44 billion (2022 est.)

Imports 2023

$2.716 billion (2023 est.)

Industries

tourism (particularly skiing), banking, timber, furniture

Public debt

Public debt 2013

41.4% of GDP (2013 est.)

Remittances

note

note: personal transfers and compensation between resident and non-resident individuals/households/entities

Remittances 2021

1.6% of GDP (2021 est.)

Remittances 2022

1.3% of GDP (2022 est.)

Remittances 2023

1.3% of GDP (2023 est.)

Exchange rates

note

note: while not an EU member state, Andorra has a 2011 monetary agreement with the EU to produce limited euro coinage—but not banknotes—that began enforcement in April 2012

Currency

euros (EUR) per US dollar -

Exchange rates 2020

0.876 (2020 est.)

Exchange rates 2021

0.845 (2021 est.)

Exchange rates 2022

0.951 (2022 est.)

Exchange rates 2023

0.925 (2023 est.)

Exchange rates 2024

0.924 (2024 est.)

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

Exports - partners

Spain 39%, USA 21%, France 11%, UK 5%, UAE 3% (2023)

note: top five export partners based on percentage share of exports

Imports - partners

Spain 65%, France 11%, Germany 4%, China 3%, Italy 3% (2023)

note: top five import partners based on percentage share of imports

Real GDP per capita

note

note: data in 2021 dollars

Real GDP per capita 2022

$63,900 (2022 est.)

Real GDP per capita 2023

$64,600 (2023 est.)

Real GDP per capita 2024

$65,900 (2024 est.)

Real GDP growth rate

note

note: annual GDP % growth based on constant local currency

Real GDP growth rate 2022

9.6% (2022 est.)

Real GDP growth rate 2023

2.6% (2023 est.)

Real GDP growth rate 2024

3.4% (2024 est.)

Agricultural products

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

Exports - commodities

paintings, integrated circuits, cars, orthopedic appliances, garments (2023)

note: top five export commodities based on value in dollars

Imports - commodities

cars, refined petroleum, garments, perfumes, electricity (2023)

note: top five import commodities based on value in dollars

Current account balance

note

note: balance of payments - net trade and primary/secondary income in current dollars

Current account balance 2021

$499.422 million (2021 est.)

Current account balance 2022

$393.62 million (2022 est.)

Current account balance 2023

$538.287 million (2023 est.)

GDP (official exchange rate)

$4.04 billion (2024 est.)

note: data in current dollars at official exchange rate

Inflation rate (consumer prices)

note

note: annual % change based on consumer prices

Inflation rate (consumer prices) 2020

0.1% (2020 est.)

Inflation rate (consumer prices) 2021

1.7% (2021 est.)

Inflation rate (consumer prices) 2022

6.2% (2022 est.)

Industrial production growth rate

6% (2024 est.)

note: annual % change in industrial value added based on constant local currency

Real GDP (purchasing power parity)

note

note: data in 2021 dollars

Real GDP (purchasing power parity) 2022

$5.094 billion (2022 est.)

Real GDP (purchasing power parity) 2023

$5.226 billion (2023 est.)

Real GDP (purchasing power parity) 2024

$5.402 billion (2024 est.)

GDP - composition, by sector of origin

note

note: figures may not total 100% due to non-allocated consumption not captured in sector-reported data

industry

12.8% (2024 est.)

services

77.6% (2024 est.)

agriculture

0.5% (2024 est.)