The
beautiful Andorra la Vella
Laxing
Andorra by Ryan Fyfe
Andorra,
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.
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About
the Author - Ryan Fyfe is the owner and operator of Pixibot. Which is a
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