Andorra's GDP changed from approximately $1B 429M in 2000 to $3B 897M in 2024, showing an overall 172.7% sharply increased during the period.
The lowest GDP was recorded in 2000 at $1B 429M, and the highest in 2008 at $4B 82M.
Over the 24-year span, the GDP showed a overall increase with some decline trend, with an average annual growth rate of 4.3%.
For comparison, the average annual growth rate of Spain was 4.6%, and that of France was 3.5%.
Overview of Andorra's GDP (2000–2024)
The Gross Domestic Product (GDP) of Andorra recorded a 172.7% sharply increased from 2000 to 2024.
The average GDP during this period was $3B 91M, and the median was $3B 193M.
GDP fluctuated within a range of $2B 653M, with a standard deviation of $693M 641K.
The average annual change was $49M 152K.
Andorra GDP from 2000 to 2024
The total market value of goods and services produced annually in Andorra.
Highest and Lowest GDP Records
- Lowest GDP: 2000, $1B 429M
- Highest GDP: 2008, $4B 82M
- Most Recent GDP: 2024, $3B 897M
Notable Annual GDP Changes
- 2003: Significant increase in GDP
- 2015: Noticeable drop in GDP
Overall pattern: overall increase with some decline
Global Economic Events and Andorra's GDP
COVID-19 Pandemic (2020)
- Period: From 2019 to 2020
- GDP Change: $3B 155M → $2B 885M
- Outcome: declined
2008 Global Financial Crisis
- Period: From 2007 to 2009
- GDP Change: $3B 952M → $3B 675M
- Outcome: declined
2001 Dot-com Bubble Burst
- Period: From 2000 to 2001
- GDP Change: $1B 429M → $1B 547M
- Outcome: increased
1998 Asian Financial Crisis
- Period: From 1997 to 1998
- GDP Change: $0 → $0
- Outcome: remained stable
Key Economic Indicators of Andorra (2000–2024)
| year | Nominal GDP | GDP per Capita | PPP per Capita | PPP GDP | GDP Growth | Current Account | Savings | Fiscal Balance | Population |
|---|---|---|---|---|---|---|---|---|---|
2000 | $ 1B 429M | $ 0 | $ 0 | $ 2B 221M | 0 % | 0 % | 0 % | 0 % | 0 person |
2001 | $ 1B 547M | $ 0 | $ 0 | $ 2B 456M | 8.119 % | 0 % | 0 % | 0 % | 0 person |
2002 | $ 1B 758M | $ 0 | $ 0 | $ 2B 607M | 4.546 % | 0 % | 0 % | 0 % | 0 person |
2003 | $ 2B 362M | $ 0 | $ 0 | $ 2B 890M | 8.694 % | 0 % | 0 % | 0 % | 0 person |
2004 | $ 2B 896M | $ 0 | $ 0 | $ 3B 209M | 8.136 % | 0 % | 0 % | 0 % | 0 person |
2005 | $ 3B 158M | $ 0 | $ 0 | $ 3B 488M | 5.398 % | 0 % | 0 % | 0 % | 0 person |
2006 | $ 3B 456M | $ 0 | $ 0 | $ 3B 769M | 4.809 % | 0 % | 0 % | 0 % | 0 person |
2007 | $ 3B 952M | $ 0 | $ 0 | $ 3B 931M | 1.553 % | 0 % | 0 % | 0 % | 0 person |
2008 | $ 4B 82M | $ 0 | $ 0 | $ 3B 784M | -5.559 % | 0 % | 0 % | 0 % | 0 person |
2009 | $ 3B 675M | $ 0 | $ 0 | $ 3B 606M | -5.303 % | 0 % | 0 % | 0 % | 0 person |
2010 | $ 3B 446M | $ 49,030.23 | $ 50,894.76 | $ 3B 577M | -1.975 % | 0 % | 0 % | 0 % | 70,000 people |
2011 | $ 3B 625M | $ 51,957.31 | $ 52,326.28 | $ 3B 651M | -0.008 % | 0 % | 0 % | 0 % | 70,000 people |
2012 | $ 3B 189M | $ 45,713.97 | $ 51,193.13 | $ 3B 571M | -4.974 % | 0 % | 0 % | 0 % | 70,000 people |
2013 | $ 3B 193M | $ 45,630.19 | $ 50,929.55 | $ 3B 563M | -3.548 % | 0 % | 0 % | 0 % | 70,000 people |
2014 | $ 3B 267M | $ 46,299.28 | $ 52,686.15 | $ 3B 718M | 2.504 % | 0 % | 0 % | 0 % | 71,000 people |
2015 | $ 2B 789M | $ 38,877.49 | $ 52,747.89 | $ 3B 784M | 1.434 % | 0 % | 0 % | 0 % | 72,000 people |
2016 | $ 2B 895M | $ 39,595.32 | $ 55,695.33 | $ 4B 72M | 3.71 % | 0 % | 0 % | 0 % | 73,000 people |
2017 | $ 2B 993M | $ 40,017.74 | $ 56,352.20 | $ 4B 215M | 0.346 % | 0 % | 0 % | 0 % | 75,000 people |
2018 | $ 3B 217M | $ 42,229.90 | $ 57,495.78 | $ 4B 380M | 1.589 % | 0 % | 0 % | 0 % | 76,000 people |
2019 | $ 3B 155M | $ 40,688.49 | $ 58,588.58 | $ 4B 543M | 2.016 % | 18.01 % | 0 % | 0 % | 78,000 people |