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Economy of Andorra vs Austria compared: GDP & Debt

Updated on by Georank

Andorra has a GDP of $4.5B compared to $579B for Austria, ranking 166/197 and 29/197 by economy size, respectively.

Andorra vs Austria GDP by year

Andorra
Austria
1x
Year GDP, current $
Andorra Austria
2025 $4,500,982,732 $579,470,021,095
2024 $4,044,249,679 $534,790,720,467
2023 $3,785,067,332 $516,670,509,629
2022 $3,380,612,573 $473,221,298,968
2021 $3,324,647,529 $480,466,363,177
2020 $2,891,001,149 $434,397,601,558
2019 $3,155,149,348 $442,983,642,372
2018 $3,218,419,897 $452,582,294,973
2017 $3,000,162,081 $414,926,138,133
2016 $2,896,610,480 $393,687,359,770
2015 $2,789,881,259 $379,546,097,301
2014 $3,271,685,597 $438,556,021,078
2013 $3,193,512,950 $426,580,502,769
2012 $3,188,652,765 $406,750,487,604
2011 $3,629,133,575 $428,954,737,064
2010 $3,449,925,739 $389,827,789,218
2009 $3,688,976,341 $399,290,118,782
2008 $4,102,319,399 $429,234,399,096
2007 $3,957,625,367 $386,760,177,589
2006 $3,459,337,987 $333,905,979,332
2005 $3,161,084,091 $313,952,317,331
2004 $2,900,245,324 $299,210,411,455
2003 $2,366,941,809 $260,779,834,340
2002 $1,764,279,824 $212,837,224,023
2001 $1,548,265,808 $196,477,206,829
2000 $1,432,606,189 $196,181,599,831
1999 $1,240,295,103 $216,421,809,126
1998 $1,211,953,994 $217,068,085,816
1997 $1,180,645,572 $211,724,812,267
1996 $1,224,024,139 $235,952,581,232
1995 $1,178,745,283 $240,094,169,510
1994 $1,017,544,069 $202,738,023,130
1993 $1,007,090,270 $189,634,029,339
1992 $1,209,992,020 $194,314,032,056
1991 $1,106,891,362 $173,113,449,617
1990 $1,028,989,692 $165,811,372,383
1989 $795,489,582 $132,584,448,258
1988 $721,425,939 $132,817,124,707
1987 $611,299,925 $123,682,091,859
1986 $481,996,013 $98,648,254,169
1985 $346,742,715 $69,114,996,010
1984 $330,073,081 $67,719,055,773
1983 $327,850,043 $71,838,528,420
1982 $375,914,744 $70,996,111,963
1981 $388,983,266 $70,755,997,062
1980 $446,377,777 $81,737,498,405
1979 $411,548,748 $73,647,694,287
1978 $308,020,261 $61,809,208,756
1977 $253,997,897 $51,343,861,460
1976 $227,283,851 $42,791,707,448
1975 $220,112,572 $39,902,300,703
1974 $186,557,082 $35,051,468,640
1973 $150,841,639 $29,399,860,145
1972 $113,414,397 $21,973,207,929
1971 $89,406,608 $17,788,536,733
1970 $78,617,711 $15,312,791,744
1969 - $13,647,475,854
1968 - $12,499,863,917
1967 - $11,634,569,522
1966 - $10,939,526,219
1965 - $10,041,659,445
1964 - $9,213,648,656
1963 - $8,414,050,621
1962 - $7,793,042,529
1961 - $7,346,566,038
1960 - $6,624,086,313

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

GeoRank.org/economy/andorra/austria | CC BY

GDP per capita in Andorra vs Austria by year

Andorra
GDP per capita

GDP per capita, PPP
Austria
GDP per capita

GDP per capita, PPP
1x
Year Current $
Andorra Austria
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $54,292 - $62,930 -
2024 $49,357 $74,939 $58,269 $73,911
2023 $46,812 $71,731 $56,580 $73,545
2022 $42,414 $68,470 $52,337 $72,065
2021 $42,426 $59,332 $53,649 $62,969
2020 $37,361 $52,096 $48,716 $58,523
2019 $41,258 $57,475 $49,886 $60,355
2018 $42,820 $55,245 $51,194 $56,636
2017 $40,673 $53,085 $47,164 $53,870
2016 $40,130 $53,110 $45,061 $52,398
2015 $38,655 $50,733 $43,915 $49,549
2014 $44,370 $48,506 $51,315 $48,355
2013 $42,470 $45,609 $50,305 $47,520
2012 $41,501 $45,503 $48,250 $46,156
2011 $46,657 $46,436 $51,117 $44,172
2010 $42,747 $43,853 $46,611 $41,735
2009 $43,975 $42,523 $47,857 $40,687
2008 $49,133 $44,839 $51,581 $41,047
2007 $48,336 $47,501 $46,623 $39,192
2006 $43,467 $46,853 $40,382 $37,388
2005 $40,830 $44,578 $38,157 $34,777
2004 $39,021 $42,717 $36,614 $33,519
2003 $34,064 $41,148 $32,110 $31,959
2002 $26,528 $38,787 $26,335 $30,952
2001 $23,511 $36,895 $24,430 $29,553
2000 $21,810 $33,458 $24,487 $29,221
1999 $18,875 $31,590 $27,079 $27,500
1998 $18,537 $30,073 $27,212 $26,531
1997 $18,248 $29,122 $26,572 $25,301
1996 $19,130 $26,542 $29,646 $24,427
1995 $18,443 $24,934 $30,207 $23,604
1994 $15,749 $23,509 $25,546 $22,553
1993 $15,917 $22,958 $23,987 $21,647
1992 $20,100 $23,817 $24,783 $21,209
1991 $19,533 $24,510 $22,323 $20,536
1990 $19,564 $24,909 $21,596 $19,396
1989 $15,715 - $17,401 -
1988 $14,599 - $17,510 -
1987 $12,828 - $16,329 -
1986 $10,539 - $13,032 -
1985 $7,912 - $9,136 -
1984 $7,808 - $8,956 -
1983 $8,082 - $9,500 -
1982 $9,698 - $9,373 -
1981 $10,465 - $9,348 -
1980 $12,475 - $10,827 -
1979 $11,996 - $9,755 -
1978 $9,410 - $8,173 -
1977 $8,168 - $6,784 -
1976 $7,721 - $5,656 -
1975 $7,925 - $5,265 -
1974 $7,140 - $4,613 -
1973 $6,151 - $3,875 -
1972 $4,940 - $2,913 -
1971 $4,170 - $2,372 -
1970 $3,935 - $2,051 -
1969 - - $1,834 -
1968 - - $1,686 -
1967 - - $1,577 -
1966 - - $1,494 -
1965 - - $1,381 -
1964 - - $1,275 -
1963 - - $1,173 -
1962 - - $1,093 -
1961 - - $1,037 -
1960 - - $940 -

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

GeoRank.org/economy/andorra/austria | CC BY

Andorra's GDP per capita is $54,292, ranking 24/197, compared to $62,930 in Austria, ranking 16/197. Adjusted for purchasing power (GDP per capita PPP), Andorra ranks 18th at $74,939, while Austria ranks 19th at $73,911.

Economic indicators

Andorra Austria
Gross domestic product
$4.5B
2025
$579B
2025
GDP rank
166/197
2025
29/197
2025
GDP growth
3.87%
2024-2025
0.62%
2024-2025
GDP per capita
$54,292
2025
$62,930
2025
GDP per capita rank
24/197
2025
16/197
2025
GDP per capita, PPP
$74,939
2024
$73,911
2024
GDP per capita PPP rank
18/197
2024
19/197
2024
Government debt n/a
$466B
2025
Debt-to-GDP ratio n/a
80.5%
2025
Government debt per person n/a
$50,654
2025
Government debt per person rank n/a
10/185
2025
Average annual personal income after taxes
$30,784
2026
$38,467
2026
Market capitalization of domestic companies n/a
$211B
2025
Number of billionaires n/a
9
2026
Income share by richest 10% n/a
24.8%
2023
Income share by poorest 10% n/a
2.8%
2023
Government expenditure, % of GDP
35%
2026
55.2%
2025
Consumer prices inflation
-0.9%
2019-2020
3.53%
2024-2025
Unemployment rate
3.7%
2016
5.78%
2025
Population
84217
9201502

Inflation comparison by year

Inflation
Andorra

Austria
1x
Year Consumer prices inflation
Andorra Austria
2025 - 3.53%
2024 - 2.94%
2023 - 7.81%
2022 - 8.55%
2021 - 2.77%
2020 -0.9% 1.38%
2019 -0.9% 1.53%
2018 -0.9% 2%
2017 - 2.08%
2016 - 0.89%
2015 -0.9% 0.9%
2014 - 1.61%
2013 - 2%
2012 1.1% 2.49%
2011 - 3.29%
2010 1.6% 1.81%
2009 - 0.51%
2008 2.3% 3.22%
2007 3.9% 2.17%
2006 - 1.44%
2005 3.2% 2.3%
2004 3.4% 2.06%
2003 - 1.36%
2002 - 1.81%
2001 - 2.65%
2000 4.3% 2.34%
1999 - 0.57%
1998 1.62% 0.92%
1997 - 1.31%

Data sources: World Bank | Economy & Growth (1997–2025, retrieved 2026-07-08); Central Intelligence Agency (CIA) (1998–2020, retrieved 2026-07-08).

GeoRank.org/economy/andorra/austria | CC BY

Over the past 23 years, Andorra has recorded an average annual inflation rate of 1.49%, compared with 1.8% in Austria. In 2020, inflation was -0.9% in Andorra and 3.53% in Austria.

Top exports between countries

Andorra
Export category Export value
Machinery & equipment $93K
Textiles & consumer goods $41K
Wood & paper products $18K
Chemicals & pharma $5K
Precious metals & jewellery $2K
Raw materials & minerals $1K
Weapons & explosives $1K
Austria
Export category Export value
Machinery & equipment $6.61M
Textiles & consumer goods $2.95M
Wood & paper products $2.28M
Metals $445K
Raw materials & minerals $407K
Chemicals & pharma $124K
Precious metals & jewellery $49K
Weapons & explosives $23K
Processed food, beverages & tobacco $5K
Miscellaneous $1K

Balance of trade

Andorra Austria
Current account balance
$649M
2024
$10.4B
2025
Current account balance ranking
54/190
2024
24/190
2025
Current account balance, % of GDP
+16%
2024
+1.79%
2025
Goods imports
$1.95B
2024
$208B
2025
Goods exports
$255M
2024
$214B
2025
Service imports
$1.04B
2024
$98.3B
2025
Service exports
$3.38B
2024
$105B
2025
Imports of goods and services, % of GDP n/a
52.3%
2025
Exports of goods and services, % of GDP
15%
2026
54.7%
2025

Economic freedom indices

The indices of economic freedom below are issued by the Heritage Foundation. Higher scores indicate stronger economic health.

Andorra Austria
Economic freedom 72 69.8
Economic freedom ranking 28/197 38/197
Property rights n/a 95.7
Government integrity n/a 75
Judicial effectiveness n/a 94.8
Tax burden n/a 45.7
Government spending n/a 12.8
Fiscal health n/a 67.1
Business freedom n/a 78.7
Labor freedom n/a 81.6
Monetary freedom n/a 76.4
Trade freedom n/a 79.4
Investment freedom n/a 60
Financial freedom n/a 70

Other economic metrics

Andorra Austria
Services, % of GDP
77.8%
2025
64.1%
2025
Industry, % of GDP
12.8%
2025
24%
2025
Agriculture, forestry, and fishing, % of GDP
0.48%
2025
1.26%
2025
GNI, Atlas method
$4.41B
2025
$556B
2025
GNI per capita, PPP
$80,950
2025
$77,010
2025
Total reserves including gold n/a
$53.4B
2025
Total reserves ranking n/a
46/177
2025
Net foreign direct investment
-$150M
2024
$5.61B
2025
Net inflows of foreign direct investment
$268M
2024
$13.7B
2024
Net outflows of foreign direct investment
$118M
2024
$13.8B
2024
Poverty at national poverty lines
8%
2008
14.8%
2021
Gross capital formation, % of GDP n/a
23.7%
2025

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2025, retrieved 2026-07-08); U.S. Census Bureau (1985–2025, retrieved 2026-07-08).

GeoRank.org/economy/andorra/austria | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2026, retrieved 2026-07-08)
  2. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  3. TradeMap (2020–2025, retrieved 2026-07-08)
  4. Central Intelligence Agency (CIA) (1998–2020, retrieved 2026-07-08)
  5. The Heritage Foundation | Economic Freedom Index (2026, retrieved 2026-07-08)
  6. International Monetary Fund (IMF) | Fiscal Monitor (2025, retrieved 2026-07-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  8. LivingCost (2026, retrieved 2026-07-08)

Creative Commons Attribution (CC BY) — you’re free to copy, share, remix, adapt, and use even commercially as long as you give appropriate credit and clearly indicate if you made changes. Other sources may be subject to different license terms.

The current account balance is the sum of net trade in goods and services, net earnings from cross-border investments, and net transfer payments. It reflects a country's economic transactions with the rest of the world and is a fundamental component of the balance of payments. A surplus indicates that a country exports more than it imports, while a deficit shows the opposite.

Gross National Income (GNI) measures a country's total income. It encompasses income earned by residents, businesses, and foreign sources, defined as employee compensation and investment profits. GNI adds product taxes not included elsewhere and subtracts subsidies. It accounts for income from residents working abroad but excludes earnings from foreigners within the country.

A negative value for Net Foreign Direct Investment indicates a country is a net receiver of investments, as foreign inflows exceed outflows after Balance of Payments adjustments. A positive value indicates a net provider, with outflows exceeding inflows. Inflows are credits (increasing foreign claims on domestic assets), while outflows are debits (increasing domestic assets abroad).

Foreign direct investment (FDI, net inflows) shows how much capital foreign investors bring into a country after accounting for any funds that flow back in the opposite direction. It represents the net value of overseas companies establishing, expanding, or financing businesses in the reporting country. A positive number means more capital entered the country than was withdrawn, while a negative number means foreign investors pulled out more than they invested.

Foreign direct investment (FDI, net outflows) shows how much capital residents of a country invest abroad after accounting for any funds that flow back in the opposite direction. It represents the net value of domestic companies establishing, expanding, or financing businesses in other countries. A positive number means more capital was invested abroad than withdrawn, while a negative number means residents pulled back more than they invested.

Formerly gross domestic investment, gross capital formation measures the share of a country’s economic output invested in fixed assets, including buildings, machinery, and infrastructure. It indicates how much of the economy is devoted to building productive capacity.