Catalan, Castilian 40.3, Portuguese 13.5, French 10, English 3, other 6.8
Economic Overview
Key economic indicators for Andorra
GDP:
$5.226 billion
GDP per Capita:
$64,600
GDP Growth:
2.58%
Inflation:
-0.9%
Unemployment:
3.7%
Public Debt:
41% of GDP
Credit Rating:
BBB+ (2023)
Political System
Governance structure of Andorra
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
Head 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)
Judiciary:
Supreme Court of Justice of Andorra or Tribunal Superior de la Justicia d'Andorra (consists of the court president and 8 judges organized into civil, criminal, and administrative chambers); Constitutional Court or Tribunal Constitucional (consists of 4 magistrates)
Administrative Divisions:
7 parishes (parroquies, singular - parroquia); Andorra la Vella, Canillo, Encamp, Escaldes-Engordany, La Massana, Ordino, Sant Julia de Loria
Major Political Parties
Not specified
International Relations
Global position and alliances
UN Member:
Yes
EU Member:
No
Diplomatic Presence:
2 United Nations Plaza, 27th Floor, New York, NY 10017
Major Alliances and Organizations
Economic Sectors & Trade
Detailed economic breakdown
Major Economic Sectors
Agriculture
0.5% (2023 est.)
Industry
12.4% (2023 est.)
Services
78.3% (2023 est.)note: figures may not total 100% due to non-allocated consumption not captured in sector-reported data
Trade Volume
Exports:
$2.736 billion
Imports:
$2.44 billion
Major Trading Partners
Spain 39
USA 21
France 11
UK 5
UAE 3
Economic Outlook
Andorra has a 2.58% GDP growth rate with -0.9% inflation. The economy is characterized by a strong agriculture sector.