The financial system in Andorra was rocked inMarch when the U.S. Treasury Departmentaccused Banca Privada d’Andorra (BPA), one of

the principality’s five privately held banks, of having laun-dered hundreds of millions of dollars for transnationalcriminal organizations. Andorran regulators immediatelytook control of the bank, and within a week BPA’s Spanishsubsidiary Banco Madrid filed for bankruptcy. Standard &Poor’s responded by cutting Andorra’s credit rating to justabove junk status, as the gov-ernment scrambled to reas-sure depositors and investors.The banking sector account-ed for nearly 20% of the prin-cipality’s GDP.

Vital statisticsBirth rate per 1,000 population(2013): 9.1 (world avg. 19.5).

Death rate per 1,000 population(2013): 3.4 (world avg. 8.1).

Natural increase rate per 1,000population (2013): 5.7 (worldavg. 11.4).

Life expectancy at birth (2012):male 80.4 years; female 84.7years.

DemographyPopulation (2015): 77,0003.Density (2015): persons per sq mi429.9, persons per sq km 165.3.

Sex distribution (2014): male 50.92%;female 49.08%.

Population projection: (2020) 80,000;(2030) 85,000.

Major towns (2014): Andorrala Vella 19,620; Escaldes-Engordany 14,002; SantJulià de Lòria 7,652;Encamp 7,473; La Massana5,037.

Urban-rural (2011):

Andorra

Official name: Principat d’Andorra (Principalityof Andorra).

Form of government: parliamentary coprinci-pality with one legislative house (GeneralCouncil [28]).

Heads of state: President of France FrançoisHollande; Bishop of Urgell, Spain, Joan EnricVives Sicília.

Head of government: Head of GovernmentAntoni Martí Petit.

Capital: Andorra la Vella.Official language: Catalan.Official religion: none1.Monetary unit: euro (>)2; valuation (Sept. 1,2015) 1 U.S.$ = >0.89; 1 £ = >1.36.

Ethnic composition (by nationality; 2014):

Age breakdown (2014):

Religious affiliation (2009):

Area and population area population

2014Parishes Capitals sq mi sq km estimate3

Andorra la Vella Andorra la Vella 11 27 22,615Canillo Canillo 47 121 4,270Encamp Encamp 29 74 12,041Escaldes-Engordany Escaldes-Engordany 12 32 14,002La Massana La Massana 23 61 10,076Ordino Ordino 34 89 4,675Sant Julià de Lòria Sant Julià de Lòria 23 60 9,270TOTAL 1804 4684 76,949

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National economyBudget (2009). Revenue: >357,800,000 (indirect taxes 87.3%, other

taxes 8.7%, investment income 4.0%). Expenditures:>357,600,000 (current expenditures 67.9%, developmentexpenditures 32.1%).

Production. Agriculture, forestry, fishing (2012): tobacco236 metric tons; other traditional crops include hay,potatoes, and grapes; livestock (number of live animals)5,425 cattle, 2,656 sheep, 853 horses; roundwood, n.a.;fisheries production, n.a. Quarrying: small amounts ofmarble are quarried. Manufacturing (2006): local manu-factured goods include cigarettes, furniture, food andbeverages, newspapers and magazines, and worked met-als; many manufactures are imported for resale totourists. Energy production (consumption): electricity(kW-hr; 2011) 91,000,000 (557,000,000), by source n.a.;

coal, none (n.a.); crude petroleum, none (n.a.); petroleum products(metric tons; 2011) none (160,000); natural gas, none (n.a.).

Average household size (2009): 2.4.Population economically active (2007): total 43,234; participation rates:

ages 15–64 (2008) male 57.8%; female 55.5%; unemployed, n.a.6, ofwhich youth, n.a.

Gross national income (at current market prices; 2009):U.S.$3,743,000,000 (U.S.$43,770 per capita)7.

Public debt (2009): c. U.S.$898,000,000.Land use as % of total land area (2011): in temporary crops, left fal-low, or in permanent crops 5.3%, in pasture 36.2%, forest area 34.0%.

MilitaryTotal active duty personnel: none. France and

Spain are responsible for Andorra’s exter-nal security; the police force is assisted inalternate years by either French gendar-merie or Barcelona police. Andorra has nodefense budget.

Foreign tradeImports (2013): >1,128,000,000 (food, beverages, andspirits 16.1%, mineral fuels 13.1%, machinery andapparatus 12.5%, clothing and knitwear 9.0%,motor vehicles 7.2%, perfumes, cosmetics, andsoaps 6.6%).Major import sources:

Exports (2013): >74,500,000 (electrical machineryand apparatus 23.8%, motor vehicles 17.0%, woodand paper products 8.7%, pearls, gems, and gem-stones 6.8%, clothing and other textiles 5.6%).Major export destinations:

Transport and communicationsTransport. Railroads: none; how-ever, both French and Spanishrailways stop near the border.Roads (1999): total length 167mi, 269 km (paved 74%).Vehicles (2012): passenger cars52,038; trucks and buses 5,075.

Education and healthLiteracy: resident population is virtually 100% literate.Health (2006): physicians 244 (1 per 327 persons); hospital beds 208 (1 per 385 persons); infant mortalityrate per 1,000 live births (2006–07) 2.4; undernour-ished population, n.a.

1Roman Catholicism enjoys special recognition in accordance with Andorran tradition. 2Andorra usesthe euro as its official currency even though it is not a member of the EU. 3Based on registered popu-lation. 4Detail does not add to total given because of rounding. 5Includes taxes and customs duties. 6Therestricted size of the indigenous labour force necessitates immigration to serve the tourist trade, espe-cially seasonal cross-border workers from Portugal and Spain. 7Tourism and the banking system (c. 60%in 2007) are the primary sources of gross national income. 8Subscribers.

Internet resources for further information:• Departament d’Estadística www.estadistica.ad• Cambra de Comerç Indústria i Serveis d’Andorra www.ccis.ad

Communications units unitsnumber per 1,000 number per 1,000

Medium date in ’000s persons Medium date in ’000s persons

TelephonesCellular 2014 668 8268

Landline 2014 38 477

Internet users 2010 69 810Broadband 2014 298 3598

Structure of gross domestic product and labour force2007 2010

value in % of total labour % of labourU.S.$’000,000 value force force

Agriculture 17.2 0.5 152 0.4Mining 21.2 0.7 3 —Public utilities 161 0.4Manufacturing 84.9 2.6 1,687 4.3Construction 332.6 10.2 4,657 11.8Transportation and communications 104.5 3.2 1,185 3.0

Trade 829.9 25.6 9,977 25.3Restaurants, hotels 4,956 12.6Finance, real estate 5,803 14.7Pub. admin., defense 1,475.0 45.4 4,487 11.4Services 6,091 15.5Other 380.15 11.75 233 0.6TOTAL 3,245.4 100.04 39,3934 100.0

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A customer uses an ATM outside the headquarters ofBanca Privada D’Andorra in Escaldes-Engordany,Andorra, March 12, 2015.Sergio Perez—Reuters/Landov

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