Article about Andorra, Europe
Andorra by Ryan Fyfe
The Principality of Andorra is a very small, landlocked principality in
south-western Europe. It is located in the Pyrenees mountains, bordered
by France and Spain, and is a very interesting country to travel to. Once
an isolated country, Andorra, has currently become a very prosperous country
because of tourism and for it's benefits that it offers to international
corporations for taxes.
The name of the country,
Andorra most likely originated from the Navarrese word andurrial, which
translates to shrub-covered land. Tourism is the staple of Andorra's small,
well to do economy. This accounts for roughly 80% of the Gross Domestic
Product. It is estimated that nine million tourists visit Andorra annually.
These tourists are attracted by Andorra's duty-free shopping and also by
its summer and winter resorts.
Andorra's advantage has recently
shrunk as the neighboring economies of France and Spain have slackened
up, providing more availability to goods and lower tariffs on them. With
its tax haven status, The banking sector, also contributes in a large way
to the economy of the Andorra. Agricultural production is so limited because
only 2% of the land is arable. This means that most food has to be imported.
Lifestock that does exist, is mainly sheep. Local Manufacturing consists
of cigars, cigarettes, and furniture.
Andorra, although not a 'full
member' of the EU (European Union), still enjoys a special relationship
with it. An example of this is that Andorra is treated as an EU member
for among EU members. This means that there is no tariffs. Andorra really
does lack a currency of its own, because it is uses the currencies of its
two surrounding nations.
About the Author - Ryan
Fyfe is the owner and operator of Pixibot. Which is a great web directory
and information center for information on all types of topics.
& Central Europe
Page | Andorra
and Herzegovina | Bulgaria
Republic | Estonia
Republic | Slovenia
Copyright © All Europe
Latest update: September