Not everyone can immediately locate Andorra on the map, and that is the very thing that the country’s Minister of Economy and Enterprise, Jordi Gallardo, intends to change.
Situated between France and Spain in the Pyrenees mountains, Andorra has a population of approximately 77,500 and an area of 468km2. In 2021, it recorded a GDP of $3.1bn, total imports of $1.57bn and an unemployment rate of 2.5%.
The country’s economy revolves around services, with retail accounting for 17% of GDP, followed by real estate at 15%, the public sector at 14% and financial services at 12%.
In 2012, a foreign…
