Andorra: Income and Its Drivers in a Long-Term Perspective
Selected Issues Papers, May 9, 2025
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- Andorra: Income and Its Drivers in a Long-Term Perspective
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Bibliographic details
- Authors: Mariarosaria Comunale
- Published: May 9, 2025
- Series: Selected Issues Papers
- DOI: https://doi.org/10.5089/9798229011167.018
Overview
- Author: Mariarosaria Comunale
- Publication date: May 9, 2025
- Scope: Analysis of income growth dynamics in Andorra from 1970 to today (a 50-year perspective)
- Main focus: Comparison of Andorra's income trajectory with peer countries in Europe and identification of drivers behind income stagnation
Key findings
- Income in Andorra has stagnated in the last 50 years.
- Andorra started from a very high income level compared to peers but has not grown as fast as those peers.
- Investment and productivity have lagged behind, contributing to stagnation.
- Peer countries that successfully improved income focused on higher value-added sectors.
Analysis approach
- Timeframe: 1970 to today
- Comparative bench: Peer countries in Europe
- Metrics and topics examined: GDP per capita, GVA growth, investments, productivity gains, sectoral composition (including ICT, innovation), and diversification
Policy implications and recommendations
- Investments in higher value-added sectors would be needed to keep Andorran growth at potential.
- Creating the right environment for such investments is key (implied focus on policies that support diversification, innovation, and productivity improvements).
Subject and keywords
- Subject: Income, National accounts
- Keywords: diversification, Europe, GDP per capita, GVA growth, ICT, Income, income growth, income in Andorra, income level, innovation, investments, productivity, productivity gain
Selected Issues Papers — Andorra: Income and Its Drivers in a Long-Term Perspective (Mariarosaria Comunale, May 9, 2025, Selected Issues Paper No. 2025/053).
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- Andorra: Income and Its Drivers in a Long-Term Perspective