Location and characteristics

Crèdit Andorra Wealth Management - Andorra

Andorra, known as the country of the Pyrenees due to its location in the Pyrenees range of mountains, which forms a natural border between Spain and France, is an independent state in the south-west of Europe. With a surface area of 468 km2, which makes it larger than other small European states such as San Marino (61 km2), Liechtenstein (127 km2) or Monaco (1,5 km2), Andorra is one of the world’s twenty smallest states.

Discover the location of Andorra

Economic and social data

Andorra has 76,948 inhabitants (according to the 2014 census), of whom 46.02% are Andorran nationals and 26.38% are Spanish residents. 

The official language is Catalan, although Spanish and French are also widely used. English is used in commercial and financial activities.

Although it is not a member of the European Union, Andorra is part of the eurozone. Under the Monetary Agreement signed with the EU, as of 2014 Andorra will be permitted to issue euro coins for circulation.

Andorra’s credit rating according to Standard & Poor’s is BBB- (March 2015).

With a GDP per capita of €36,095 €, Andorra enjoys a high standard of living. By comparison, GDP per capita in Spain is €22,780 while France’s GDP per capita is €32,200 (according to the 2014 census).

Andorra in figures