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Economy of Andorra vs Gambia compared: GDP & Debt

Updated on by Georank team

Andorra has a GDP of $4.04B compared to $2.4B for the Gambia, ranking 166/197 and 174/197 by economy size, respectively.

Andorra vs Gambia GDP by year

Andorra
Gambia
1x
Year GDP, current $
Andorra Gambia
2024 $4,039,842,405 $2,404,888,749
2023 $3,785,065,525 $2,382,262,185
2022 $3,380,611,695 $2,204,734,528
2021 $3,324,648,076 $2,014,158,842
2020 $2,891,002,460 $1,812,170,891
2019 $3,155,150,256 $1,813,609,692
2018 $3,218,418,632 $1,670,671,328
2017 $3,000,160,415 $1,504,909,463
2016 $2,896,611,879 $1,484,578,886
2015 $2,789,882,569 $1,378,176,609
2014 $3,271,686,452 $1,229,461,721
2013 $3,193,513,470 $1,375,609,453
2012 $3,188,653,259 $1,415,004,738
2011 $3,629,133,063 $1,409,693,597
2010 $3,449,925,694 $1,543,294,927
2009 $3,688,974,807 $1,450,142,509
2008 $4,102,317,468 $1,561,766,956
2007 $3,957,627,537 $1,279,703,047
2006 $3,459,336,818 $1,054,112,488
2005 $3,161,084,847 $1,027,701,068
2004 $2,900,244,054 $961,900,651
2003 $2,366,941,614 $487,038,685
2002 $1,764,279,818 $578,235,309
2001 $1,548,265,927 $687,410,645
2000 $1,432,606,296 $782,913,872
1999 $1,240,295,199 $814,724,032
1998 $1,211,953,994 $840,285,265
1997 $1,180,645,572 $803,633,342
1996 $1,224,024,139 $848,239,446
1995 $1,178,745,283 $785,999,865
1994 $1,017,544,069 $746,493,952
1993 $1,007,090,270 $755,040,974
1992 $1,209,992,020 $714,254,256
1991 $1,106,891,362 $690,311,081
1990 $1,028,989,692 $317,083,695
1989 $795,489,582 $284,120,329
1988 $721,425,939 $266,672,212
1987 $611,299,925 $220,626,484
1986 $481,996,013 $185,646,987
1985 $346,742,715 $225,726,359
1984 $330,073,081 $177,340,880
1983 $327,850,043 $213,448,585
1982 $375,914,744 $216,050,552
1981 $388,983,266 $218,767,743
1980 $446,377,777 $241,083,090
1979 $411,548,748 $207,112,628
1978 $308,020,261 $171,833,086
1977 $253,997,897 $138,093,099
1976 $227,283,851 $112,190,829
1975 $220,112,572 $115,179,719
1974 $186,557,082 $95,796,022
1973 $150,841,639 $75,187,749
1972 $113,414,397 $59,160,569
1971 $89,406,608 $55,728,663
1970 $78,617,711 $52,296,084
1969 - $45,168,072
1968 - $41,160,066
1967 - $46,695,007
1966 - $44,212,081

Data sources: World Bank | Economy & Growth (1966–2024, retrieved 2026-04-06).

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

GDP per capita in Andorra vs Gambia by year

Andorra
GDP per capita

GDP per capita, PPP
Gambia
GDP per capita

GDP per capita, PPP
1x
Year Current $
Andorra Gambia
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $49,304 $74,939 $871 $3,476
2023 $46,812 $71,731 $883 $3,289
2022 $42,414 $68,470 $836 $3,067
2021 $42,426 $59,332 $782 $2,778
2020 $37,361 $52,096 $720 $2,531
2019 $41,258 $57,475 $738 $2,422
2018 $42,820 $55,245 $696 $2,277
2017 $40,673 $53,085 $643 $2,039
2016 $40,130 $53,110 $650 $2,013
2015 $38,655 $50,733 $620 $1,990
2014 $44,370 $48,506 $568 $1,934
2013 $42,470 $45,609 $654 $2,007
2012 $41,501 $45,503 $693 $2,065
2011 $46,657 $46,436 $711 $2,064
2010 $42,747 $43,853 $801 $2,267
2009 $43,975 $42,523 $775 $2,177
2008 $49,132 $44,839 $859 $2,088
2007 $48,336 $47,501 $725 $1,985
2006 $43,467 $46,853 $615 $1,931
2005 $40,830 $44,578 $616 $1,938
2004 $39,021 $42,717 $593 $1,979
2003 $34,064 $41,148 $309 $1,850
2002 $26,528 $38,787 $377 $1,744
2001 $23,511 $36,895 $460 $1,823
2000 $21,810 $33,458 $538 $1,731
1999 $18,875 $31,590 $575 $1,649
1998 $18,537 $30,073 $610 $1,572
1997 $18,248 $29,122 $600 $1,544
1996 $19,130 $26,542 $652 $1,489
1995 $18,443 $24,934 $622 $1,472
1994 $15,749 $23,509 $608 $1,473
1993 $15,917 $22,958 $635 $1,487
1992 $20,100 $23,817 $623 $1,462
1991 $19,533 $24,510 $628 $1,440
1990 $19,564 $24,909 $301 $1,409
1989 $15,715 - $280.9 -
1988 $14,599 - $274.9 -
1987 $12,828 - $237 -
1986 $10,539 - $207.7 -
1985 $7,912 - $262.8 -
1984 $7,808 - $214.8 -
1983 $8,082 - $268.6 -
1982 $9,698 - $282.1 -
1981 $10,465 - $296 -
1980 $12,475 - $338 -
1979 $11,996 - $300 -
1978 $9,410 - $257.6 -
1977 $8,168 - $213.8 -
1976 $7,721 - $179.3 -
1975 $7,925 - $189.8 -
1974 $7,140 - $162.6 -
1973 $6,151 - $131.4 -
1972 $4,940 - $106.5 -
1971 $4,170 - $103.3 -
1970 $3,935 - $99.8 -
1969 - - $88.7 -
1968 - - $83.1 -
1967 - - $97 -
1966 - - $94.4 -

Data sources: World Bank | Economy & Growth (1966–2024, retrieved 2026-04-06).

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

Andorra's GDP per capita is $49,304, ranking 25/197, compared to $871 in the Gambia, ranking 183/197. Adjusted for purchasing power (GDP per capita PPP), Andorra ranks 18th at $74,939, while the Gambia ranks 172nd at $3,476.

Economic indicators

Andorra Gambia
Gross domestic product
$4.04B
2024
$2.4B
2024
GDP rank
166/197
2024
174/197
2024
GDP growth
3.37%
2023-2024
5.55%
2023-2024
GDP per capita
$49,304
2024
$871
2024
GDP per capita rank
25/197
2024
183/197
2024
GDP per capita, PPP
$74,939
2024
$3,476
2024
GDP per capita PPP rank
18/197
2024
172/197
2024
Government debt n/a
$1.92B
2024
Debt-to-GDP ratio n/a
80%
2024
Government debt per person n/a
$697
2024
Government debt per person rank n/a
155/185
2024
Average annual personal income after taxes
$32,457
2026
$741
2026
Income share by richest 10% n/a
30.5%
2020
Income share by poorest 10% n/a
2.6%
2020
Government expenditure, % of GDP
35%
2025
25.8%
2024
Consumer prices inflation
-0.9%
2019-2020
11.6%
2023-2024
Central bank interest rate n/a
17%
2023
Unemployment rate
3.7%
2016
6.48%
2023
Population
84102
2902554

Inflation comparison by year

Inflation
Andorra

Gambia
1x
Year Consumer prices inflation
Andorra Gambia
2024 - 11.6%
2023 - 17%
2022 - 11.5%
2021 - 7.37%
2020 -0.9% 5.93%
2019 -0.9% 7.12%
2018 -0.9% 6.52%
2017 - 8.03%
2016 - 7.23%
2015 -0.9% 6.81%
2014 - 5.95%
2013 - 5.7%
2012 1.1% 4.25%
2011 - 4.8%
2010 1.6% 5.05%
2009 - 4.56%
2008 2.3% 4.44%
2007 3.9% 5.37%
2006 - 2.06%
2005 3.2% 4.84%
2004 3.4% 14.2%
2003 - 17%
2002 - 8.61%
2001 - 4.49%
2000 4.3% 0.84%
1999 - 3.81%
1998 1.62% 1.11%
1997 - 2.78%

Data sources: World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06); Central Intelligence Agency (CIA) (1998–2020, retrieved 2026-02-20).

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

Over the past 23 years, Andorra has recorded an average annual inflation rate of 1.49%, compared with 6.03% in the Gambia. In 2020, inflation was -0.9% in Andorra and 11.6% in the Gambia.

Balance of trade

Andorra Gambia
Current account balance
$649M
2024
-$99.8M
2024
Current account balance ranking
57/190
2024
88/190
2024
Current account balance, % of GDP
+16.1%
2024
-4.15%
2024
Goods imports
$1.95B
2024
$1.39B
2024
Goods exports
$255M
2024
$363M
2024
Service imports
$1.04B
2024
$161M
2024
Service exports
$3.38B
2024
$485M
2024
Imports of goods and services, % of GDP n/a
33.4%
2024
Exports of goods and services, % of GDP
15%
2025
8.75%
2024

Economic freedom indices

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

Andorra Gambia
Economic freedom 72 56.3
Economic freedom ranking 28/197 123/197
Property rights n/a 55.4
Government integrity n/a 40.5
Judicial effectiveness n/a 45.8
Tax burden n/a 79.2
Government spending n/a 81.1
Fiscal health n/a 54.8
Business freedom n/a 50.1
Labor freedom n/a 46.4
Monetary freedom n/a 57.3
Trade freedom n/a 64.8
Investment freedom n/a 50
Financial freedom n/a 50

Other economic metrics

Andorra Gambia
Services, % of GDP
77.6%
2024
56.8%
2024
Industry, % of GDP
12.8%
2024
15.3%
2024
Agriculture, forestry, and fishing, % of GDP
0.47%
2024
20.4%
2024
GNI, Atlas method
$3.9B
2024
$2.43B
2024
GNI per capita, PPP
$76,090
2024
$3,430
2024
Total reserves including gold n/a
$629M
2024
Total reserves ranking n/a
151/177
2024
Net foreign direct investment
-$150M
2024
-$232M
2024
Net inflows of foreign direct investment
$268M
2024
$232M
2024
Net outflows of foreign direct investment
$118M
2024
-$665K
2024
Servicing debt to the IMF, % of GNI n/a
3.25%
2024
Poverty at national poverty lines
8%
2008
53.4%
2020
Gross capital formation, % of GDP n/a
29.9%
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/gambia | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1966–2025, retrieved 2026-04-06)
  2. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  3. Central Intelligence Agency (CIA) (1998–2020, retrieved 2026-02-20)
  4. The Heritage Foundation | Economic Freedom Index (2026, retrieved 2026-03-09)
  5. International Monetary Fund (IMF) | Fiscal Monitor (2024, retrieved 2026-02-20)
  6. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  7. 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.