ssy in Andorra; the US Ambassador to Spain is accredited to
Andorra; US interests in Andorra are represented by the Consulate
General's office in Barcelona (Spain); mailing address: Paseo Reina
Elisenda, 23, 08034 Barcelona, Spain; telephone: (3493) 280-2227;
FAX: (3493) 205-7705; note--Consul General Douglas R. SMITH makes
periodic visits to Andorra

Flag description: three equal vertical bands of blue (hoist
side), yellow, and red with the national coat of arms centered in
the yellow band; the coat of arms features a quartered shield;
similar to the flags of Chad and Romania that do not have a national
coat of arms in the center

Economy

Economy--overview: Tourism, the mainstay of Andorra's tiny,
well-to-do economy, accounts for roughly 80% of GDP. An estimated 10
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.

GDP: purchasing power parity--$1.2 billion (1995 est.)

GDP--real growth rate: NA%

GDP--per capita: purchasing power parity?$18,000 (1995 est.)

GDP--composition by sector:
agriculture: NA%
industry: NA%
services: NA%

Population below poverty line: NA%

Household income or consumption by percentage share:
lowest 10%: NA%
highest 10%: NA%

Inflation rate (consumer prices): NA%

Labor force: NA

Unemployment rate: 0%

Budget:
revenues: $138 million
expenditures: $177 million, including capital expenditures of $NA
(1993)

Industries: tourism (particularly skiing), sheep, timber,
tobacco, banking

Industrial production growth rate: NA%

Electricity--production: 140 million kWh (1992)

Electricity--production by source:
fossil fuel: NA%
hydro: NA%
nuclear: NA%
other: NA%

Electricity--con