| variable | 2000-2007 | 2008-2009 | 2010-2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|---|
| real gdp growth | 4.46 | -3.64 | -0.81 | 8.29 | 9.56 | 2.58 | 3.37 | 1.9 |
| CPI % | 3.33 | 0.24 | 0.7 | 1.68 | 6.2 | 5.61 | 3.07 | 2.24 |
| Debt/GDP % | 17.73 | 34.27 | 39.92 | 48.61 | 38.91 | 35.47 | 33.23 | 32.0 |
| Unemployment rate | - | 3.0 | 3.75 | 3.27 | 2.1 | 1.55 | 1.43 | 1.6 |
| Current account balance/GDP % | - | - | 16.77 | 15.02 | 11.64 | 14.22 | 15.07 | 16.89 |
Data derived from World Economic Outlook Database. To see main macroeconomic indicator in graphs click here
The landlocked Principality of Andorra -- one of the smallest states in Europe and nestled high in the Pyrenees between the French and Spanish borders -- is the last independent survivor of the Hispanic March states created by Frankish King Charlemagne in 795 after he halted the Moorish invasion of Spain. The March states were a series of buffer states to keep the Muslim Moors from advancing into Christian France. For 715 years, from 1278 to 1993, Andorrans lived under a unique co-principality, ruled by French and Spanish leaders (from 1607 onward, the French chief of state and the Bishop of Urgell). In 1993, this feudal system was modified with the introduction of a modern constitution; the co-princes remained as titular heads of state, but the government transformed into a parliamentary democracy. Andorra's winter sports, summer climate, and duty-free shopping attract approximately 8 million people each year. Andorra has also become a wealthy international commercial center because of its mature banking sector and low taxes. As part of the effort to modernize its economy, Andorra has opened to foreign investment and engaged in other reforms, such as tax initiatives aimed at supporting broader infrastructure. Although not a member of the EU, Andorra enjoys a special relationship with the bloc that is governed by various customs and cooperation agreements, and Andorra uses the euro as its national currency.
Area: 468 km2
Climate: temperate; snowy, cold winters and warm, dry summers
Natural resources: hydropower, mineral water, timber, iron ore, lead
Groups: Spanish 34.3%, Andorran 32.1%, Portuguese 10%, French 5.6%, other 18% (2024 est.)note: data represent population by country of birth
Languages: Catalan (official) 44.1%, Castilian 40.3%, Portuguese 13.5%, French 10%, English 3%, other 6.8% (2022 est.)note: data represent mother tongue
Religions: Christian (predominantly Roman Catholic) 89.5, other 8.8%, unaffiliated 1.7% (2020 est.)
Capital: Andorra la Vella
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
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)cabinet: Executive Council composed of head of government and 11 ministers designated by the head of governmentelection/appointment process: head of government indirectly elected by the General Council (Andorran parliament), formally appointed by the co-princes for a 4-year term; the leader of the majority party in the General Council is usually elected head of governmentmost recent election date: 2 April 2023election results: 2023: Xaviar Espot ZAMORA (DA) reelected head of government; percent of General Council vote - 57.1%2019: Xaviar Espot ZAMORA (DA) elected head of government; percent of General Council vote - 60.7expected date of next election: April 2027
Description: legislature name: General Council (Consell General)legislative structure: unicameralnumber of seats: 28 (all directly elected)electoral system: mixed systemscope of elections: full renewalterm in office: 4 yearsmost recent election date: 4/2/2023parties elected and seats per party: Democrats for Andorra (DA) and its allies (17); Concordia (Concòrdia) and its allies (5); Andorra Forward (Andorra Endavant) (3); Social Democrat Party (PS) - Social Democracy and Progress (SDP) (3)percentage of women in chamber: 50%expected date of next election: April 2027note: voters cast two separate ballots -- one for the national election and one for their parish
Information derived by "The World Factbook 2021. Washington, DC: Central Intelligence Agency, 2021. https://www.cia.gov/the-world-factbook/"