Part 28

International organization participation: CE, ECE, ICRM, IFRCS, Interpol, IOC, ITU, UN, UNESCO, WIPO, WToO

Diplomatic representation in the US: chief of mission : Ambassador Juli MINOVES-TRIQUELL (also Permanent Representative to the UN) chancery: 2 United Nations Plaza, 25th Floor, New York, NY 10017 telephone: (212) 750-8064 FAX: (212) 750-6630

Diplomatic representation from the US: the US does not have an embassy in 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: (343) 280-2227; FAX: (343) 205-7705; note - Consul General Maurice S. PARKER 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%

Inflation rate - consumer price index: 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 - capacity: 35,000 kW (1992)

Electricity - production: 140 million kWh (1992)

Electricity - consumption per capita: NA kWh; note - Andorra exports most of its electricity to France and Spain

Agriculture - products: small quantities of tobacco, rye, wheat, barley, oats, vegetables; sheep raising

Exports: total value : $47 million (f.o.b., 1995) commodities: electricity, tobacco products, furniture partners : France 49%, Spain 47%

Imports: total value: $1 billion (1995) commodities: consumer goods, food partners: France, Spain, US 4.2%

Debt - external: $NA

Economic aid: none

Currency: 1 French franc (F) = 100 centimes; 1 peseta (Pta) = 100 centimos; the French and Spanish currencies are used

Exchange rates: French francs (F) per US$1 - 5.4169 (January 1997), 5.1155 (1996), 4.9915 (1995), 5.5520 (1994), 5.6632 (1993), 5.2938 (1992); Spanish pesetas (Ptas) per US$1 - 134.77 (January 1997), 126.66 (1996), 124.69 (1995), 133.96 (1994), 127.26 (1993), 102.38 (1992)

Fiscal year: calendar year

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