The economic architecture of Andorra is substantial, anchored by a Gross Domestic Product (GDP) of approximately $3.79B
2023
. This places it as the 160th largest economy out of 191 countries measured, underscoring its significance on the world stage. On a per capita basis, GDP stands at $46.81K
2023
, while its GDP adjusted for Purchasing Power Parity (PPP) is estimated at $5.8B, offering a clearer picture of the population's domestic purchasing power. The economy demonstrates solid, consistent growth, expanding at a healthy rate of 2.6%
2023
On the global stage, Andorra's trade and financial dynamics reveal a complex interplay of international and domestic factors. Furthermore, personal remittances from its diaspora are a vital component of the economy, amounting to a substantial $48M annually
2023
.
The socio-economic landscape is characterized by a Gross National Income (GNI) per capita of $50,150
2022
, ranking the nation 21st out of 190. This figure provides a comprehensive measure of the average income per person, reflecting the nation's overall economic well-being.
In the environmental and energy sectors, the nation's policies and outcomes reflect its developmental priorities. The energy portfolio remains heavily dependent on conventional sources, with renewables contributing a modest 18.7%
2022
. This commitment places it 79th among 190 countries, highlighting its relative progress in decarbonization.

Key Economic Insights

Macroeconomic Health

Balancing growth, inflation, and employment remains the core challenge for economic stewardship.

Trade & Investment Profile

The orientation towards global trade and foreign investment is a defining feature of the economic landscape.

Social Equity & Distribution

Ensuring equitable distribution of economic gains is fundamental for long-term social and political stability.

Energy & Sustainability

The transition to a sustainable energy framework is paramount for mitigating climate risk and securing future energy needs.

More About This Country

Neighbors & Regional Peers

Note: The information on this page has been compiled from authoritative sources. While every effort is made to ensure accuracy, please note that some figures may not be current or entirely precise.