Andorra
 
   

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.

The banking sector, with its tax haven status, also contributes substantially to the economy. Agricultural production is limited-only 2% of the land is arable-and most food has to be imported. Manufacturing output consists mainly of cigarettes, cigars, and furniture.

Since the establishment of sovereignty with the ratification of the constitution in 1993, Andorra has moved to become an active member of the international community. In July 1993, Andorra established its first diplomatic mission in the world, to the United Nations. Also Andorra is not a full member of the European Union, but enjoys a special relationship with it, such as being treated as an EU member for trade in manufactured goods (no tariffs) and as a non-EU member for agricultural products.




Copyright © 2006 Gate to Andorra
Andorra travel guide