Key Facts

GDP (ppp) per CAPITA

$42,500 (2007)

Inflation Rate

3.9% (2007)

Population

83,888 (July 2009 est.)

Country Risk Ratings

-

Ease of Doing Business

-/181

Global Competitiveness

-/134

Country Map

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Andorra : Introduction

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 Spanish bishop of Urgel). In 1993, this feudal system was modified with the titular heads of state retained, but the government transformed into a parliamentary democracy. Long isolated and impoverished, mountainous Andorra achieved considerable prosperity since World War II through its tourist industry. Many immigrants (legal and illegal) are attracted to the thriving economy with its lack of income taxes.

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Sources:
CIA World Factbook (September 2009)
U.S. Dept. of State Country Background Notes (June 2009)