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Economy of Andorra vs India compared: GDP & Debt

Updated on by Georank team

Andorra has a GDP of $4.04B compared to $3.91T for India, ranking 166/197 and 5/197 by economy size, respectively.

Andorra vs India GDP by year

Andorra
India
1x
Year GDP, current $
Andorra India
2024 $4,039,842,405 $3,909,891,533,858
2023 $3,785,065,525 $3,638,489,096,034
2022 $3,380,611,695 $3,346,107,287,731
2021 $3,324,648,076 $3,167,270,623,260
2020 $2,891,002,460 $2,674,851,578,587
2019 $3,155,150,256 $2,835,606,256,558
2018 $3,218,418,632 $2,702,929,641,649
2017 $3,000,160,415 $2,651,474,262,755
2016 $2,896,611,879 $2,294,796,885,663
2015 $2,789,882,569 $2,103,588,360,045
2014 $3,271,686,452 $2,039,126,479,155
2013 $3,193,513,470 $1,856,721,507,622
2012 $3,188,653,259 $1,827,637,590,410
2011 $3,629,133,063 $1,823,051,829,895
2010 $3,449,925,694 $1,675,615,519,485
2009 $3,688,974,807 $1,341,888,016,995
2008 $4,102,317,468 $1,198,895,139,006
2007 $3,957,627,537 $1,216,736,438,835
2006 $3,459,336,818 $940,259,888,788
2005 $3,161,084,847 $820,383,763,511
2004 $2,900,244,054 $709,152,728,831
2003 $2,366,941,614 $607,700,687,237
2002 $1,764,279,818 $514,939,140,319
2001 $1,548,265,927 $485,440,139,204
2000 $1,432,606,296 $468,395,521,654
1999 $1,240,295,199 $458,821,052,616
1998 $1,211,953,994 $421,351,317,225
1997 $1,180,645,572 $415,867,563,593
1996 $1,224,024,139 $392,896,866,205
1995 $1,178,745,283 $360,281,909,643
1994 $1,017,544,069 $327,274,843,459
1993 $1,007,090,270 $279,295,648,983
1992 $1,209,992,020 $288,208,070,278
1991 $1,106,891,362 $270,105,341,879
1990 $1,028,989,692 $320,979,026,420
1989 $795,489,582 $296,042,052,945
1988 $721,425,939 $296,589,670,896
1987 $611,299,925 $279,033,584,092
1986 $481,996,013 $248,985,994,041
1985 $346,742,715 $232,511,554,840
1984 $330,073,081 $212,157,645,178
1983 $327,850,043 $218,262,146,413
1982 $375,914,744 $200,715,624,831
1981 $388,983,266 $193,491,368,446
1980 $446,377,777 $186,328,579,302
1979 $411,548,748 $152,995,442,498
1978 $308,020,261 $137,302,319,829
1977 $253,997,897 $121,486,641,441
1976 $227,283,851 $102,716,451,980
1975 $220,112,572 $98,473,832,017
1974 $186,557,082 $99,526,597,934
1973 $150,841,639 $85,517,673,173
1972 $113,414,397 $71,464,700,667
1971 $89,406,608 $67,351,404,352
1970 $78,617,711 $62,422,483,055
1969 - $58,447,995,017
1968 - $53,085,455,871
1967 - $50,134,942,204
1966 - $45,581,230,504
1965 - $59,556,105,229
1964 - $56,480,289,941
1963 - $48,421,923,459
1962 - $42,161,481,858
1961 - $39,232,435,784
1960 - $37,029,883,876

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

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

GDP per capita in Andorra vs India by year

Andorra
GDP per capita

GDP per capita, PPP
India
GDP per capita

GDP per capita, PPP
1x
Year Current $
Andorra India
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $49,304 $74,939 $2,695 $11,160
2023 $46,812 $71,731 $2,530 $10,323
2022 $42,414 $68,470 $2,347 $9,207
2021 $42,426 $59,332 $2,240 $8,050
2020 $37,361 $52,096 $1,907 $6,966
2019 $41,258 $57,475 $2,041 $7,151
2018 $42,820 $55,245 $1,966 $6,715
2017 $40,673 $53,085 $1,950 $6,145
2016 $40,130 $53,110 $1,708 $5,800
2015 $38,655 $50,733 $1,584 $5,425
2014 $44,370 $48,506 $1,554 $5,192
2013 $42,470 $45,609 $1,433 $5,014
2012 $41,501 $45,503 $1,429 $4,820
2011 $46,657 $46,436 $1,445 $4,455
2010 $42,747 $43,853 $1,348 $4,206
2009 $43,975 $42,523 $1,095 $3,887
2008 $49,132 $44,839 $993 $3,633
2007 $48,336 $47,501 $1,022 $3,508
2006 $43,467 $46,853 $802 $3,221
2005 $40,830 $44,578 $710 $2,937
2004 $39,021 $42,717 $624 $2,682
2003 $34,064 $41,148 $544 $2,461
2002 $26,528 $38,787 $469 $2,277
2001 $23,511 $36,895 $450 $2,200
2000 $21,810 $33,458 $443 $2,091
1999 $18,875 $31,590 $442 $2,006
1998 $18,537 $30,073 $414 $1,852
1997 $18,248 $29,122 $416 $1,759
1996 $19,130 $26,542 $401 $1,695
1995 $18,443 $24,934 $375 $1,579
1994 $15,749 $23,509 $348 $1,467
1993 $15,917 $22,958 $303 $1,374
1992 $20,100 $23,817 $319 $1,309
1991 $19,533 $24,510 $306 $1,239
1990 $19,564 $24,909 $371 $1,212
1989 $15,715 - $350 -
1988 $14,599 - $358 -
1987 $12,828 - $345 -
1986 $10,539 - $315 -
1985 $7,912 - $301 -
1984 $7,808 - $281 -
1983 $8,082 - $296 -
1982 $9,698 - $278.7 -
1981 $10,465 - $275 -
1980 $12,475 - $271.1 -
1979 $11,996 - $228 -
1978 $9,410 - $209.4 -
1977 $8,168 - $189.6 -
1976 $7,721 - $164.1 -
1975 $7,925 - $161.1 -
1974 $7,140 - $166.7 -
1973 $6,151 - $146.6 -
1972 $4,940 - $125.3 -
1971 $4,170 - $120.7 -
1970 $3,935 - $114.4 -
1969 - - $109.5 -
1968 - - $101.6 -
1967 - - $98 -
1966 - - $91 -
1965 - - $121.5 -
1964 - - $117.9 -
1963 - - $103.4 -
1962 - - $92.2 -
1961 - - $87.9 -
1960 - - $84.9 -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

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

Andorra's GDP per capita is $49,304, ranking 25/197, compared to $2,695 in India, ranking 143/197. Adjusted for purchasing power (GDP per capita PPP), Andorra ranks 18th at $74,939, while India ranks 130th at $11,160.

Economic indicators

Andorra India
Gross domestic product
$4.04B
2024
$3.91T
2024
GDP rank
166/197
2024
5/197
2024
GDP growth
3.37%
2023-2024
6.49%
2023-2024
GDP per capita
$49,304
2024
$2,695
2024
GDP per capita rank
25/197
2024
143/197
2024
GDP per capita, PPP
$74,939
2024
$11,160
2024
GDP per capita PPP rank
18/197
2024
130/197
2024
Government debt n/a
$3.19T
2024
Debt-to-GDP ratio n/a
81.6%
2024
Government debt per person n/a
$2,200
2024
Government debt per person rank n/a
118/185
2024
Average annual personal income after taxes
$32,457
2026
$4,596
2026
Market capitalization of domestic companies n/a
$5.13T
2024
Number of millionaires n/a
917,000
2025
Number of billionaires n/a
205
2025
Income share by richest 10% n/a
22.1%
2022
Income share by poorest 10% n/a
4.5%
2022
Government expenditure, % of GDP
35%
2025
28.4%
2024
Consumer prices inflation
-0.9%
2019-2020
4.95%
2023-2024
Central bank interest rate n/a
5.25%
2025
Unemployment rate
3.7%
2016
4.17%
2024
Population
84102
1480351380

Inflation comparison by year

Inflation
Andorra

India
1x
Year Consumer prices inflation
Andorra India
2024 - 4.95%
2023 - 5.65%
2022 - 6.7%
2021 - 5.13%
2020 -0.9% 6.62%
2019 -0.9% 3.73%
2018 -0.9% 3.94%
2017 - 3.33%
2016 - 4.95%
2015 -0.9% 4.91%
2014 - 6.67%
2013 - 10%
2012 1.1% 9.48%
2011 - 8.91%
2010 1.6% 12%
2009 - 10.9%
2008 2.3% 8.35%
2007 3.9% 6.37%
2006 - 5.8%
2005 3.2% 4.25%
2004 3.4% 3.77%
2003 - 3.81%
2002 - 4.3%
2001 - 3.78%
2000 4.3% 4.01%
1999 - 4.67%
1998 1.62% 13.2%
1997 - 7.16%

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/india | CC BY

Over the past 23 years, Andorra has recorded an average annual inflation rate of 1.49%, compared with 6.42% in India. In 2020, inflation was -0.9% in Andorra and 4.95% in India.

Top exports between countries

Andorra
Export category Export value
Textiles & consumer goods $4K
Precious metals & jewellery $1K
India
Export category Export value
Processed food, beverages & tobacco $165K
Textiles & consumer goods $105K
Machinery & equipment $41K
Precious metals & jewellery $17K
Chemicals & pharma $11K
Raw agricultural goods $2K
Metals $1K

Balance of trade

Andorra India
Current account balance
$649M
2024
-$32.1B
2024
Current account balance ranking
57/190
2024
186/190
2024
Current account balance, % of GDP
+16.1%
2024
-0.82%
2024
Goods imports
$1.95B
2024
$727B
2024
Goods exports
$255M
2024
$447B
2024
Service imports
$1.04B
2024
$197B
2024
Service exports
$3.38B
2024
$375B
2024
Imports of goods and services, % of GDP n/a
23.5%
2024
Exports of goods and services, % of GDP
15%
2025
21.2%
2024

Economic freedom indices

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

Andorra India
Economic freedom 72 52.5
Economic freedom ranking 28/197 146/197
Property rights n/a 48.3
Government integrity n/a 37.8
Judicial effectiveness n/a 52.6
Tax burden n/a 71.2
Government spending n/a 75.7
Fiscal health n/a 6.7
Business freedom n/a 67.4
Labor freedom n/a 59
Monetary freedom n/a 70.9
Trade freedom n/a 61
Investment freedom n/a 40
Financial freedom n/a 40

Other economic metrics

Andorra India
Services, % of GDP
77.6%
2024
49.9%
2024
Industry, % of GDP
12.8%
2024
24.6%
2024
Agriculture, forestry, and fishing, % of GDP
0.47%
2024
16.3%
2024
GNI, Atlas method
$3.9B
2024
$3.84T
2024
GNI per capita, PPP
$76,090
2024
$11,000
2024
Total reserves including gold n/a
$643B
2024
Total reserves ranking n/a
5/177
2024
Net foreign direct investment
-$150M
2024
-$2.89B
2024
Net inflows of foreign direct investment
$268M
2024
$27.1B
2024
Net outflows of foreign direct investment
$118M
2024
$24.2B
2024
Servicing debt to the IMF, % of GNI n/a
2.38%
2024
Poverty at national poverty lines
8%
2008
21.9%
2011
Gross capital formation, % of GDP n/a
32.9%
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/india | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2025, 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. TradeMap (2020–2024, retrieved 2026-02-08)
  6. International Monetary Fund (IMF) | Fiscal Monitor (2024, retrieved 2026-02-20)
  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.