ABC logo

. Index

. Flag

. Geography

. People

. Government

. Economy

. Transportation

. Commun'tions

. Defense

. Geo Names

. Feedback

===========

Ad

Andorra


    • Overview:
      Tourism, the mainstay of Andorra's economy, accounts for roughly 80% of GDP. An estimated 13 million tourists visit annually, attracted by Andorra's duty-free status and by its summer and winter resorts. The banking sector, with its "tax haven" status, also contributes substantially to the economy. Agricultural production is limited by a scarcity of arable land, and most food has to be imported. The principal livestock activity is sheep raising. Manufacturing consists mainly of cigarettes, cigars, and furniture. Andorra is a member of the EU Customs Union; it is unclear what effect the European Single Market will have on the advantages Andorra obtains from its duty-free status.

    • National product:
      GDP - purchasing power parity - $760 million (1992 est.)

    • National product real growth rate:
      NA%

    • National product per capita:
      $14,000 (1992 est.)

    • Inflation rate (consumer prices):
      NA%

    • Unemployment rate:
      0%

    • Budget:

        revenues:
        $138 million

        expenditures:
        $177 million, including capital expenditures of $NA (1993)

    • Exports:
      $30 million (f.o.b., 1993 est.)

        commodities:
        electricity, tobacco products, furniture

        partners:
        France, Spain

    • Imports:
      $NA

        commodities:
        consumer goods, food

        partners:
        France, Spain

    • External debt:
      $NA

    • Industrial production:
      growth rate NA%

    • Electricity:

        capacity:
        35,000 kW

        production:
        140 million kWh

        consumption per capita:
        2,570 kWh (1992)

    • Industries:
      tourism (particularly skiing), sheep, timber, tobacco, banking

    • Agriculture:
      sheep raising; small quantities of tobacco, rye, wheat, barley, oats, and some vegetables

    • Economic aid:
      none

    • Currency:
      1 French franc (F) = 100 centimes; 1 peseta (Pta) = 100 centimos; the French and Spanish currencies are used

    • Exchange rates:
      French francs (F) per US$1 - 5.2943 (January 1995), 5,5520 (1994), 5.6632 (1993), 5.2938 (1992), 5.6421 (1991), 5.4453 (1990); Spanish pesetas (Ptas) per US$1 - 132.61 (January 1995), 133.96 (1994), 127.26 (1993), 102.38 (1992), 103.91 (1991), 101.93 (1990)

    • Fiscal year:
      calendar year






Thank you for making this an award winning site

Please put this page in your BOOKMARKS - - - - -



Language Translation Services

ITA Home Page
The IMMIGRATION Superhighway Feedback

ITA WWWDesign
Flags of all Countries
Yahoo search

Revised 13-August-1997


HTML Colors; Greece Geography Economy, people, communications, transportation, flags, maps