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%.
Andorra GDP from 2000 to 2024
The total market value of goods and services produced annually in Andorra.
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.
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 | GDP Growth | Nominal GDP | PPP GDP | GDP per Capita | PPP per Capita | Savings | Population | Current Account | Fiscal Balance |
|---|---|---|---|---|---|---|---|---|---|
2000 | 0 % | $ 1B 429M | $ 2B 221M | $ 0 | $ 0 | 0 % | 0 person | 0 % | 0 % |
2001 | 8.119 % | $ 1B 547M | $ 2B 456M | $ 0 | $ 0 | 0 % | 0 person | 0 % | 0 % |
2002 | 4.546 % | $ 1B 758M | $ 2B 607M | $ 0 | $ 0 | 0 % | 0 person | 0 % | 0 % |
2003 | 8.694 % | $ 2B 362M | $ 2B 890M | $ 0 | $ 0 | 0 % | 0 person | 0 % | 0 % |
2004 | 8.136 % | $ 2B 896M | $ 3B 209M | $ 0 | $ 0 | 0 % | 0 person | 0 % | 0 % |
2005 | 5.398 % | $ 3B 158M | $ 3B 488M | $ 0 | $ 0 | 0 % | 0 person | 0 % | 0 % |
2006 | 4.809 % | $ 3B 456M | $ 3B 769M | $ 0 | $ 0 | 0 % | 0 person | 0 % | 0 % |
2007 | 1.553 % | $ 3B 952M | $ 3B 931M | $ 0 | $ 0 | 0 % | 0 person | 0 % | 0 % |
2008 | -5.559 % | $ 4B 82M | $ 3B 784M | $ 0 | $ 0 | 0 % | 0 person | 0 % | 0 % |
2009 | -5.303 % | $ 3B 675M | $ 3B 606M | $ 0 | $ 0 | 0 % | 0 person | 0 % | 0 % |
2010 | -1.975 % | $ 3B 446M | $ 3B 577M | $ 49,030.23 | $ 50,894.76 | 0 % | 70,000 people | 0 % | 0 % |
2011 | -0.008 % | $ 3B 625M | $ 3B 651M | $ 51,957.31 | $ 52,326.28 | 0 % | 70,000 people | 0 % | 0 % |
2012 | -4.974 % | $ 3B 189M | $ 3B 571M | $ 45,713.97 | $ 51,193.13 | 0 % | 70,000 people | 0 % | 0 % |
2013 | -3.548 % | $ 3B 193M | $ 3B 563M | $ 45,630.19 | $ 50,929.55 | 0 % | 70,000 people | 0 % | 0 % |
2014 | 2.504 % | $ 3B 267M | $ 3B 718M | $ 46,299.28 | $ 52,686.15 | 0 % | 71,000 people | 0 % | 0 % |
2015 | 1.434 % | $ 2B 789M | $ 3B 784M | $ 38,877.49 | $ 52,747.89 | 0 % | 72,000 people | 0 % | 0 % |
2016 | 3.71 % | $ 2B 895M | $ 4B 72M | $ 39,595.32 | $ 55,695.33 | 0 % | 73,000 people | 0 % | 0 % |
2017 | 0.346 % | $ 2B 993M | $ 4B 215M | $ 40,017.74 | $ 56,352.20 | 0 % | 75,000 people | 0 % | 0 % |
2018 | 1.589 % | $ 3B 217M | $ 4B 380M | $ 42,229.90 | $ 57,495.78 | 0 % | 76,000 people | 0 % | 0 % |
2019 | 2.016 % | $ 3B 155M | $ 4B 543M | $ 40,688.49 | $ 58,588.58 | 0 % | 78,000 people | 18.01 % | 0 % |