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Economy of Andorra vs Belarus compared: GDP & Debt

Updated on by Georank team

Andorra has a GDP of $4.04B compared to $76B for Belarus, ranking 166/197 and 83/197 by economy size, respectively.

Andorra vs Belarus GDP by year

Andorra
Belarus
1x
Year GDP, current $
Andorra Belarus
2024 $4,039,842,405 $75,961,865,472
2023 $3,785,065,525 $72,478,760,370
2022 $3,380,611,695 $73,775,179,925
2021 $3,324,648,076 $69,673,747,132
2020 $2,891,002,460 $61,371,673,345
2019 $3,155,150,256 $64,410,170,653
2018 $3,218,418,632 $60,031,026,576
2017 $3,000,160,415 $54,725,405,751
2016 $2,896,611,879 $47,723,545,321
2015 $2,789,882,569 $56,454,769,845
2014 $3,271,686,452 $78,813,069,121
2013 $3,193,513,470 $75,527,558,966
2012 $3,188,653,259 $65,685,890,439
2011 $3,629,133,063 $61,762,382,328
2010 $3,449,925,694 $57,231,904,543
2009 $3,688,974,807 $50,873,167,326
2008 $4,102,317,468 $60,752,106,347
2007 $3,957,627,537 $45,275,711,996
2006 $3,459,336,818 $36,961,894,281
2005 $3,161,084,847 $30,210,091,837
2004 $2,900,244,054 $23,141,566,293
2003 $2,366,941,614 $17,825,444,724
2002 $1,764,279,818 $14,594,900,945
2001 $1,548,265,927 $12,354,820,144
2000 $1,432,606,296 $12,736,856,828
1999 $1,240,295,199 $12,138,486,532
1998 $1,211,953,994 $15,222,012,660
1997 $1,180,645,572 $14,128,408,566
1996 $1,224,024,139 $14,500,437,520
1995 $1,178,745,283 $13,972,683,274
1994 $1,017,544,069 $14,931,435,232
1993 $1,007,090,270 $16,275,073,527
1992 $1,209,992,020 $16,939,790,094
1991 $1,106,891,362 $18,404,907,975
1990 $1,028,989,692 $17,389,558,233
1989 $795,489,582 -
1988 $721,425,939 -
1987 $611,299,925 -
1986 $481,996,013 -
1985 $346,742,715 -
1984 $330,073,081 -
1983 $327,850,043 -
1982 $375,914,744 -
1981 $388,983,266 -
1980 $446,377,777 -
1979 $411,548,748 -
1978 $308,020,261 -
1977 $253,997,897 -
1976 $227,283,851 -
1975 $220,112,572 -
1974 $186,557,082 -
1973 $150,841,639 -
1972 $113,414,397 -
1971 $89,406,608 -
1970 $78,617,711 -

Data sources: World Bank | Economy & Growth (1970–2024, retrieved 2026-04-06).

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

GDP per capita in Andorra vs Belarus by year

Andorra
GDP per capita

GDP per capita, PPP
Belarus
GDP per capita

GDP per capita, PPP
1x
Year Current $
Andorra Belarus
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $49,304 $74,939 $8,318 $33,010
2023 $46,812 $71,731 $7,897 $30,834
2022 $42,414 $68,470 $7,995 $28,429
2021 $42,426 $59,332 $7,490 $27,611
2020 $37,361 $52,096 $6,543 $24,872
2019 $41,258 $57,475 $6,838 $22,302
2018 $42,820 $55,245 $6,360 $20,026
2017 $40,673 $53,085 $5,786 $18,414
2016 $40,130 $53,110 $5,040 $17,832
2015 $38,655 $50,733 $5,967 $18,134
2014 $44,370 $48,506 $8,341 $19,038
2013 $42,470 $45,609 $7,998 $19,014
2012 $41,501 $45,503 $6,953 $18,115
2011 $46,657 $46,436 $6,528 $16,563
2010 $42,747 $43,853 $6,035 $15,339
2009 $43,975 $42,523 $5,352 $14,034
2008 $49,132 $44,839 $6,376 $13,886
2007 $48,336 $47,501 $4,735 $12,320
2006 $43,467 $46,853 $3,848 $10,995
2005 $40,830 $44,578 $3,126 $9,637
2004 $39,021 $42,717 $2,378 $8,483
2003 $34,064 $41,148 $1,820 $7,362
2002 $26,528 $38,787 $1,479 $6,697
2001 $23,511 $36,895 $1,244 $6,238
2000 $21,810 $33,458 $1,276 $5,796
1999 $18,875 $31,590 $1,211 $5,331
1998 $18,537 $30,073 $1,511 $5,061
1997 $18,248 $29,122 $1,396 $4,596
1996 $19,130 $26,542 $1,427 $4,039
1995 $18,443 $24,934 $1,371 $3,846
1994 $15,749 $23,509 $1,460 $4,190
1993 $15,917 $22,958 $1,590 $4,641
1992 $20,100 $23,817 $1,658 $4,917
1991 $19,533 $24,510 $1,805 $5,330
1990 $19,564 $24,909 $1,707 $5,220
1989 $15,715 - - -
1988 $14,599 - - -
1987 $12,828 - - -
1986 $10,539 - - -
1985 $7,912 - - -
1984 $7,808 - - -
1983 $8,082 - - -
1982 $9,698 - - -
1981 $10,465 - - -
1980 $12,475 - - -
1979 $11,996 - - -
1978 $9,410 - - -
1977 $8,168 - - -
1976 $7,721 - - -
1975 $7,925 - - -
1974 $7,140 - - -
1973 $6,151 - - -
1972 $4,940 - - -
1971 $4,170 - - -
1970 $3,935 - - -

Data sources: World Bank | Economy & Growth (1970–2024, retrieved 2026-04-06).

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

Andorra's GDP per capita is $49,304, ranking 25/197, compared to $8,318 in Belarus, ranking 92/197. Adjusted for purchasing power (GDP per capita PPP), Andorra ranks 18th at $74,939, while Belarus ranks 68th at $33,010.

Economic indicators

Andorra Belarus
Gross domestic product
$4.04B
2024
$76B
2024
GDP rank
166/197
2024
83/197
2024
GDP growth
3.37%
2023-2024
4.01%
2023-2024
GDP per capita
$49,304
2024
$8,318
2024
GDP per capita rank
25/197
2024
92/197
2024
GDP per capita, PPP
$74,939
2024
$33,010
2024
GDP per capita PPP rank
18/197
2024
68/197
2024
Government debt n/a
$30.3B
2024
Debt-to-GDP ratio n/a
39.9%
2024
Government debt per person n/a
$3,318
2024
Government debt per person rank n/a
97/185
2024
Average annual personal income after taxes
$32,457
2026
$7,345
2026
Market capitalization of domestic companies n/a
$6.01B
2024
Income share by richest 10% n/a
20.7%
2020
Income share by poorest 10% n/a
4.5%
2020
Government expenditure, % of GDP
35%
2025
40.9%
2024
Consumer prices inflation
-0.9%
2019-2020
5.7%
2023-2024
Central bank interest rate n/a
9.75%
2025
Unemployment rate
3.7%
2016
3.04%
2024
Population
84102
9013835

Inflation comparison by year

Inflation
Andorra

Belarus
1x
Year Consumer prices inflation
Andorra Belarus
2024 - 5.7%
2023 - 5%
2022 - 15.2%
2021 - 9.5%
2020 -0.9% 5.5%
2019 -0.9% 5.6%
2018 -0.9% 4.9%
2017 - 6%
2016 - 11.8%
2015 -0.9% 13.5%
2014 - 18.1%
2013 - 18.3%
2012 1.1% 59.2%
2011 - 53.2%
2010 1.6% 7.7%
2009 - 13%
2008 2.3% 14.8%
2007 3.9% 8.4%
2006 - 7%
2005 3.2% 10.3%
2004 3.4% 18.1%
2003 - 28.4%
2002 - 42.6%
2001 - 61.1%
2000 4.3% 168.6%
1999 - 293.7%
1998 1.62% 73%
1997 - 63.8%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2024, retrieved 2026-02-20); Central Intelligence Agency (CIA) (1998–2020, retrieved 2026-02-20).

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

Over the past 23 years, Andorra has recorded an average annual inflation rate of 1.49%, compared with 41% in Belarus. In 2020, inflation was -0.9% in Andorra and 5.7% in Belarus.

Top exports between countries

Andorra
Export category Export value
Machinery & equipment $185K
Weapons & explosives $18K
Textiles & consumer goods $1K
Belarus
Export category Export value
Textiles & consumer goods $136K
Machinery & equipment $79K
IT & IP services $24K
Business & finance services $20K

Balance of trade

Andorra Belarus
Current account balance
$649M
2024
-$1.94B
2024
Current account balance ranking
57/190
2024
142/190
2024
Current account balance, % of GDP
+16.1%
2024
-2.56%
2024
Goods imports
$1.95B
2024
$44.2B
2024
Goods exports
$255M
2024
$39.5B
2024
Service imports
$1.04B
2024
$6.82B
2024
Service exports
$3.38B
2024
$10.1B
2024
Imports of goods and services, % of GDP n/a
66.9%
2024
Exports of goods and services, % of GDP
15%
2025
65.1%
2024

Economic freedom indices

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

Andorra Belarus
Economic freedom 72 49.1
Economic freedom ranking 28/197 166/197
Property rights n/a 20
Government integrity n/a 28.3
Judicial effectiveness n/a 11.5
Tax burden n/a 93.5
Government spending n/a 52.6
Fiscal health n/a 96.8
Business freedom n/a 50.3
Labor freedom n/a 48
Monetary freedom n/a 69
Trade freedom n/a 69.2
Investment freedom n/a 30
Financial freedom n/a 20

Other economic metrics

Andorra Belarus
Services, % of GDP
77.6%
2024
49.7%
2024
Industry, % of GDP
12.8%
2024
30.7%
2024
Agriculture, forestry, and fishing, % of GDP
0.47%
2024
6.87%
2024
GNI, Atlas method
$3.9B
2024
$75.4B
2024
GNI per capita, PPP
$76,090
2024
$32,300
2024
Total reserves including gold n/a
$8.91B
2024
Total reserves ranking n/a
82/177
2024
Net foreign direct investment
-$150M
2024
-$1.57B
2024
Net inflows of foreign direct investment
$268M
2024
$1.74B
2024
Net outflows of foreign direct investment
$118M
2024
$170M
2024
Servicing debt to the IMF, % of GNI n/a
7.19%
2024
Poverty at national poverty lines
8%
2008
3.9%
2022
Gross capital formation, % of GDP n/a
25.8%
2024

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2024, retrieved 2026-04-06); U.S. Census Bureau (1985–2024, retrieved 2026-02-08).

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

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Data sources:

  1. World Bank | Economy & Growth (1970–2025, retrieved 2026-04-06)
  2. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  3. International Monetary Fund (IMF) | World Economic Outlook (1997–2024, retrieved 2026-02-20)
  4. Central Intelligence Agency (CIA) (1998–2020, retrieved 2026-02-20)
  5. The Heritage Foundation | Economic Freedom Index (2026, retrieved 2026-03-09)
  6. TradeMap (2021–2023, retrieved 2026-02-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. LivingCost (2026, retrieved 2025-10-14)

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.

Principal and interest payments to the IMF in currency, goods, or services on long-term debt expressed as a share of GNI.

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.