Economía - descripción: Tourism, the mainstay of Andorra's tiny, well-to-do economy, accounts for roughly 80% of GDP. An estimated 9 million tourists visit annually, attracted by Andorra's duty-free status and by its summer and winter resorts. Andorra's comparative advantage has recently eroded as the economies of neighboring France and Spain have been opened up, providing broader availability of goods and lower tariffs. The banking sector, with its "tax haven" status, also contributes substantially to the economy. Agricultural production is limited by a scarcity of arable land, and most food has to be imported. The principal livestock activity is sheep raising. Manufacturing consists mainly of cigarettes, cigars, and furniture. Andorra is a member of the EU Customs Union and is treated as an EU member for trade in manufactured goods (no tariffs) and as a non-EU member for agricultural products.

Producto Bruto Interno (PBI): purchasing power parity - $1.2 billion (1996 est.)

PBI - Indice de Incremento real: NA%

PBI - por capital: purchasing power parity - $18,000 (1996 est.)

PBI - Composición por Sector:
agriculture: NA%
industry: NA%
services: NA%

Población bajo linea de pobertad: NA%

Ingreso en casa o porcentage de consumción:
lowest 10%: NA%
highest 10%: NA%

Indice de Inflación (precios del consumidor): 1.62% (1998)

Fuerza Laboral: 30,787 salaried employees (1998)

Fuerza Laboral - por ocupación: agriculture 1%, industry 21%, services 72%, other 6% (1998)

Indice de desempleo: 0%

Presupuesto:
revenues: $385 million
expenditures: $342 million, including capital expenditures of $NA (1997)

Industrias: tourism (particularly skiing), cattle raising, timber, tobacco, banking

Industrial production growth rate: NA%

Electricidad - Producción: 116 million kWh (1998)

Electricidad - producción por fuente:
fossil fuel: NA%
hydro: NA%
nuclear: NA%
other: NA%

Electricidad - consumción: NA kWh (1998 est.)

Electricidad - exportaciones: NA kWh

Electricidad - importaciones: NA kWh; note - imports electricity from Spain and France

Agricultura - productos: small quantities of tobacco, rye, wheat, barley, oats, vegetables; sheep

Exportaciones: $58 million (f.o.b., 1998)

Exporationes - comodidades: tobacco products, furniture

Exportaciones - socios: France 34%, Spain 58% (1998)

Importaciones: $1.077 billion (c.i.f., 1998)

Importaciones - comodidades: consumer goods, food, electricity

Importaciones - socios: Spain 48%, France 35%, US 2.3% (1998)

Deuda - externa: $NA

Ayuda economica - recipiente: none

Moneda: 1 French franc (F) = 100 centimes; 1 peseta (Pta) = 100 centimos; the French and Spanish currencies are used

Indice de intercambio: euros per US$1 - 0.9867 (January 2000), 0.9386 (1999); French francs (F) per US$1 - 5.65 (January 1999), 5.8995 (1998), 5.8367 (1997), 5.1155 (1996), 4.9915 (1995); Spanish pesetas (Ptas) per US$1 - 143.39 (January 1999), 149.40 (1998), 146.41 (1997), 126.66 (1996), 124.69 (1995)

Año Fiscal: calendar year