Andorra: Income and Its Drivers in a Long-Term Perspective
May 9, 2025
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Income in Andorra has stagnated in the last 50 years. Starting from a very high level compared to peers, it has not grown as fast, as investment and productivity have lagged behind. In this study, we analyze the dynamics of income growth in Andorra from 1970 to today, comparing it to peer countries in Europe. We look at how peer countries successfully improved their income over time. Our findings suggest that investments in higher value-added sectors would be needed to keep the Andorran growth at potential and creating the right environment is key.
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
Pages:
12
Volume:
2025
DOI:
Issue:
053
Series:
Selected Issues Paper No. 2025/053
Stock No:
SIPEA2025053
ISBN:
9798229011167
ISSN:
2958-7875
