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Principat d'Andorra
Principality of Andorra

Flag of Andorra Coat of Arms of Andorra
Motto
Virtus Unita Fortior
Anthem
El Gran Carlemany, Mon Pare
Map of Andorra
CapitalAndorra la Vella
Government Constitutional monarchy and parliamentary democracy
Co-Prince
- From 2003Joan Enric Vives Sicília
Co-Prince
- From 2007Nicolas Sarkozy
Prime minister
- From 2009Jaume Bartumeu Cassany
Legislature General Council
History
- 1278Paréage
Area467.63 km²
Population
- 31 December 200984,082
 Density179.8/km²
GDP31 December 2009 (PPP)
- TotalUS$ 3.7 billion
- Per capitaUS$ 44,900
CurrencyEuro
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The Principality of Andorra is a co-principality and a parliamentary democracy in Southern Europe.


Background

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 Seu d'Urgell). In 1993, this feudal system was modified with the titular heads of state retained, but the government transformed into a parliamentary democracy. For decades Andorra enjoyed its status as a small refuge of fiscal and banking freedom and benefitted from Spanish and French tourists attracted to the country's duty-free shopping. The situation has changed in recent years as Andorra started to tax foreign investment and other sectors. Tourism accounts for over 80% of Andorra's gross domestic product.[1]

Economy

Tourism, the mainstay of Andorra's tiny, well-to-do economy, accounts for more than 80% of GDP. An estimated 11 million tourists visit annually, attracted by Andorra's duty-free status for some products and by its summer and winter resorts. Andorra's comparative advantage eroded when the borders of neighboring France and Spain opened, providing broader availability of goods and lower tariffs. The banking sector, with its partial "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. The principal livestock activity is sheep raising. Manufacturing output 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.[2]

Co-Prince

  • Joan Enric Vives Sicília () (May 12, 2003 - )

Co-Prince

  • Nicolas Sarkozy () (May 16, 2007 - )

Prime minister

  • Jaume Bartumeu Cassany () (June 5, 2009 - )

Nation


Neighbouring Nations

References

  1. The CIA World Factbook: Introduction - Background
  2. The CIA World Factbook: Economy - Overview

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