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Andorra Introduction 2017
https://theodora.com/wfbcurrent/andorra/andorra_introduction.html
SOURCE: 2017 CIA WORLD FACTBOOK AND OTHER SOURCES











Andorra Introduction 2017
SOURCE: 2017 CIA WORLD FACTBOOK AND OTHER SOURCES


Page last updated on January 12, 2017

Background:
The landlocked Principality of Andorra is one of the smallest states in Europe, nestled high in the Pyrenees between the French and Spanish borders. For 715 years, from 1278 to 1993, Andorrans lived under a unique coprincipality, 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 has become a popular tourist destination visited by approximately 10 million people each year drawn by the winter sports, summer climate, and duty-free shopping. Andorra has also become a wealthy international commercial center because of its mature banking sector and low taxes. As part of its effort to modernize its economy, Andorra has opened to foreign investment, and engaged in other reforms, such as advancing tax initiatives aimed at supporting a broader infrastructure. Although not a member of the EU, Andorra enjoys a special relationship with the organization and uses the euro as its national currency.


NOTE: The information regarding Andorra on this page is re-published from the 2017 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Andorra Introduction 2017 information contained here. All suggestions for corrections of any errors about Andorra Introduction 2017 should be addressed to the CIA.




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