Overview of Andorra la Vella


Economy of Andorra la Vella


Home > Expat Guides > Europe > Andorra > Andorra la Vella
Tools:

Andorran Economy

Surprisingly, agriculture and livestock are not very dynamic sectors: the production of tobacco (main crop) and various cereals for domestic consumption (wheat, oats, rye, etc) are becoming smaller every year, as well as the livestock activity, mainly focused on bovine.

Large amounts of foreign capital have been attracted by the absence of customs and tax rates. It also favored the massive proliferation of all kinds of shops and boosted the banking sector, which became the country main economic activity.

Moreover, the volume of the growing tourism sector surpasses nowadays the 10 million visitors, mostly French and Spanish.

Andorra is one of the most expansive countries in the world. It has an annual growth of 25% of GDP and a $23,000 income per capita, higher than Japan.

Most of the industrial goods, equipment and consumption, fuels and food products are imported, while exports are very small.

Economy of Andorra la Vella

As well as in the rest of the country, tourism, commerce and the banking system are the city main economic activities, in which taxes are not paid (a new 4% tax called ISI has been recently added). This factor favors all kinds of foreign investment.

Consumer goods such as furniture, tobacco and cognac are also produced. However, agriculture and livestock activities are decreasing yearly.

Update 4/10/2018

Related articles:

Tools:

Facebook Twitter Google+ LinkedIn Pinterest Addthis

Recommended Service Partners

International Movers

When you move internationally you are taking a big step. Lots of things are changing and you have a million things to think about and take care of. If you are able to select a top of the line moving company that moves for a modest price, it can take a big weight of your shoulders in busy times.

Our network of international removal companies can move your furniture & possessions to Andorra and anywhere overseas.

Filling in the form at the bottom will allow you to request up to 5 quotes from various moving companies. This service is free of charge and will help you select an international moving company that suits your needs and budget.



Do you have comments or personal information to communicate about this article? Add your comment.


Go to the Forum to talk more about economy of Andorra la Vella, overview.


Find more definitions and general answers on expatriation issues in the Expat FAQ (Frequently Asked Questions).