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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.

Location

Southwestern Europe, Pyrenees mountains, on the border between France and Spain

Natural Resources

hydropower, mineral water, timber, iron ore, lead

Population - distribution

population is unevenly distributed and is concentrated in the 7 urbanized valleys that make up the country's parishes (political administrative divisions)

Catalan (official), French, Castilian, Portuguese
ANDORRA LA VELLA (capital) 23,000 (2014)
Conventional long form
Principality of Andorra
Conventional short form
Andorra
Local long form
Principat d'Andorra
Local short form
Andorra
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, who are represented in Andorra by the co-princes' representatives
Name
Andorra la Vella
Geographic coordinates
42 30 N, 1 31 E
Time difference
UTC+1 (6 hours ahead of Washington, DC during Standard Time)
Daylight saving time
+1hr, begins last Sunday in March; ends last Sunday in October
has not submitted an ICJ jurisdiction declaration; accepts ICCt jurisdiction
Andorra has a developed economy and a free market, with per capita income above the European average and above the level of its neighbors, Spain and France. The country has developed a sophisticated infrastructure including a one-of-a-kind micro-fiber-optic network for the entire country. Tourism, retail sales, and finance are the mainstays of Andorra's small economy, accounting for more than three-quarters of GDP. Andorra's duty-free status for some products and its summer and winter resorts attract millions of visitors annually, although the economic downturn in neighboring countries has curtailed the number of tourists. Andorra uses the euro and is effectively subject to the monetary policy of the European Central Bank. Andorra's comparative advantage as a tax haven eroded when the borders of neighboring France and Spain opened; its bank secrecy laws have been relaxed under pressure from the EU and OECD.
Inflation
None%
Total tax rate (% of commercial profits)
None%
Real Interest Rate
None%
Manufacturing, value added (% of GDP)
3.505%
Current Account Balance
US$
Labor Force, Total
Employment in Agriculture
%
Employment in Industry
%
Employment in Services
%
Unemployment Rate
%
Imports of goods and services
US$
Exports of goods and services
US$
Total Merchandise Trade
%
FDI, net inflows
US$
Commercial Service Exports
US$
small quantities of rye, wheat, barley, oats, vegetables, tobacco; sheep, cattle
tourism (particularly skiing), banking, timber, furniture
Commodities
tobacco products, furniture
Partners
Spain 52.6%, France 18.7%, Italy 2.9% (2015)
Commodities
consumer goods, food, fuel, electricity
Partners
Spain 63.6%, France 15.8%, Germany 3.1%
Country Risk Rating
Business Climate Rating

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