Business in Andorra

2015

2016

2017

2018

2019

Population

71.732

73.105

74.794

76.177

77.543

Rate of natural increase

377

324

265

208

235

GDP per capita

36039

37224

39134

42029

Employment of the population (annual average)

35928

36604

37706

38848

39950

Minimum wage, €

962

976

991

1017

1083

Average wage, €

1988,00

2073,00

2071,00

2127,00

2149,00

Number of hotels

241

239

235

235

239

Annual number of tourists

7 998 698

8 025 265

8 152 148

8 328 254

8 355 485

Number of registered companies

7929

8347

8837

9170

9561

Number of new registered companies

840

886

778

800

2015

2016

2017

2018

Agriculture, forestry, cattle and fish farming

45

46

46

49

Industry

357

362

375

393

Production and supply of electricity and water

5

5

6

6

Construction sector

769

782

795

809

Wholesale, retail, vehicle repairs

2760

2832

2880

2911

Tourism industry, accommodation

973

1002

1029

1037

Transport. Storage and communications

420

415

429

433

Financial sector

168

172

178

178

Real estate sector. Business services

1653

1896

2187

2397

Education

92

107

120

131

Health and social sector

188

203

212

214

Others

498

524

579

612

Andorra

France

Spain

Portugal

Liechtenstein

Monaco

San Marino

Malta

Cyprus

Switzerland

Luxembourg

Corporate tax

2% or 10%

33%

30%

25%

12,5%

33%

17%

35%

10%

8,5%

22%

Capital gains tax

0-10%

33%

30%

25%

0%

33%

17%

35%

20%

8,5%

22%

Dividends

0%

25%

21%

25%

0%

0%

0%

0%

0%

35%

15%

VAT

4,5%

21%

21%

23%

8%

19%

0%

18%

18%

8%

15%