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Economy of Andorra vs Iran compared: GDP & Debt

Updated on by Georank team

Andorra has a GDP of $4.04B compared to $475B for Iran, ranking 166/197 and 34/197 by economy size, respectively.

Andorra vs Iran GDP by year

Andorra
Iran
1x
Year GDP, current $
Andorra Iran
2024 $4,039,842,405 $475,252,089,215
2023 $3,785,065,525 $457,510,482,317
2022 $3,380,611,695 $422,662,261,526
2021 $3,324,648,076 $407,350,685,583
2020 $2,891,002,460 $280,934,329,280
2019 $3,155,150,256 $347,988,400,958
2018 $3,218,418,632 $411,903,303,606
2017 $3,000,160,415 $510,239,893,418
2016 $2,896,611,879 $478,618,064,871
2015 $2,789,882,569 $409,191,686,497
2014 $3,271,686,452 $462,284,793,281
2013 $3,193,513,470 $500,399,839,840
2012 $3,188,653,259 $644,019,315,004
2011 $3,629,133,063 $629,082,257,472
2010 $3,449,925,694 $487,069,570,464
2009 $3,688,974,807 $414,059,094,949
2008 $4,102,317,468 $406,070,949,554
2007 $3,957,627,537 $349,736,591,832
2006 $3,459,336,818 $265,602,187,404
2005 $3,161,084,847 $224,970,371,325
2004 $2,900,244,054 $187,754,571,248
2003 $2,366,941,614 $151,911,222,119
2002 $1,764,279,818 $128,626,917,504
2001 $1,548,265,927 $126,878,750,296
2000 $1,432,606,296 $109,591,707,802
1999 $1,240,295,199 $113,848,450,088
1998 $1,211,953,994 $110,276,913,363
1997 $1,180,645,572 $113,919,163,421
1996 $1,224,024,139 $120,403,931,885
1995 $1,178,745,283 $96,419,225,744
1994 $1,017,544,069 $71,841,461,173
1993 $1,007,090,270 $63,743,623,232
1992 $1,209,992,020 $119,768,691,217
1991 $1,106,891,362 $131,637,664,958
1990 $1,028,989,692 $124,813,263,926
1989 $795,489,582 $120,496,362,916
1988 $721,425,939 $123,057,861,334
1987 $611,299,925 $134,009,995,923
1986 $481,996,013 $209,094,561,833
1985 $346,742,715 $180,183,629,600
1984 $330,073,081 $162,276,728,620
1983 $327,850,043 $156,365,156,618
1982 $375,914,744 $125,948,756,439
1981 $388,983,266 $100,499,312,750
1980 $446,377,777 $94,362,275,580
1979 $411,548,748 $90,391,877,326
1978 $308,020,261 $77,994,316,621
1977 $253,997,897 $80,600,122,702
1976 $227,283,851 $68,055,295,081
1975 $220,112,572 $51,776,222,350
1974 $186,557,082 $46,209,092,072
1973 $150,841,639 $27,081,698,250
1972 $113,414,397 $17,153,463,263
1971 $89,406,608 $13,731,802,833
1970 $78,617,711 $10,976,245,154
1969 - $9,743,089,607
1968 - $8,623,172,960
1967 - $7,555,383,690
1966 - $6,789,938,672
1965 - $6,197,319,929
1964 - $5,379,845,648
1963 - $4,928,628,018
1962 - $4,693,566,416
1961 - $4,426,949,095
1960 - $4,199,134,390

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

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

GDP per capita in Andorra vs Iran by year

Andorra
GDP per capita

GDP per capita, PPP
Iran
GDP per capita

GDP per capita, PPP
1x
Year Current $
Andorra Iran
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $49,304 $74,939 $5,190 $19,874
2023 $46,812 $71,731 $5,049 $18,917
2022 $42,414 $68,470 $4,721 $17,546
2021 $42,426 $59,332 $4,605 $15,884
2020 $37,361 $52,096 $3,203 $15,119
2019 $41,258 $57,475 $3,997 $13,928
2018 $42,820 $55,245 $4,783 $15,324
2017 $40,673 $53,085 $6,001 $15,719
2016 $40,130 $53,110 $5,711 $15,195
2015 $38,655 $50,733 $4,953 $14,274
2014 $44,370 $48,506 $5,672 $16,065
2013 $42,470 $45,609 $6,223 $16,215
2012 $41,501 $45,503 $8,114 $17,021
2011 $46,657 $46,436 $8,026 $19,275
2010 $42,747 $43,853 $6,291 $18,628
2009 $43,975 $42,523 $5,416 $17,615
2008 $49,132 $44,839 $5,377 $17,549
2007 $48,336 $47,501 $4,688 $17,384
2006 $43,467 $46,853 $3,619 $15,907
2005 $40,830 $44,578 $3,132 $15,016
2004 $39,021 $42,717 $2,672 $14,425
2003 $34,064 $41,148 $2,209 $13,755
2002 $26,528 $38,787 $1,891 $12,554
2001 $23,511 $36,895 $1,881 $11,533
2000 $21,810 $33,458 $1,650 $11,187
1999 $18,875 $31,590 $1,740 $10,489
1998 $18,537 $30,073 $1,709 $10,285
1997 $18,248 $29,122 $1,790 $10,101
1996 $19,130 $26,542 $1,915 $9,916
1995 $18,443 $24,934 $1,550 $9,255
1994 $15,749 $23,509 $1,168 $8,951
1993 $15,917 $22,958 $1,038 $8,933
1992 $20,100 $23,817 $1,957 $8,888
1991 $19,533 $24,510 $2,194 $8,580
1990 $19,564 $24,909 $2,138 $7,566
1989 $15,715 - $2,125 -
1988 $14,599 - $2,234 -
1987 $12,828 - $2,513 -
1986 $10,539 - $4,064 -
1985 $7,912 - $3,634 -
1984 $7,808 - $3,395 -
1983 $8,082 - $3,397 -
1982 $9,698 - $2,845 -
1981 $10,465 - $2,393 -
1980 $12,475 - $2,368 -
1979 $11,996 - $2,352 -
1978 $9,410 - $2,101 -
1977 $8,168 - $2,243 -
1976 $7,721 - $1,954 -
1975 $7,925 - $1,532 -
1974 $7,140 - $1,409 -
1973 $6,151 - $851 -
1972 $4,940 - $555 -
1971 $4,170 - $457 -
1970 $3,935 - $377 -
1969 - - $345 -
1968 - - $314 -
1967 - - $283.7 -
1966 - - $262.9 -
1965 - - $247.5 -
1964 - - $221.7 -
1963 - - $209.6 -
1962 - - $205.8 -
1961 - - $200.1 -
1960 - - $195.6 -

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

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

Andorra's GDP per capita is $49,304, ranking 25/197, compared to $5,190 in Iran, ranking 119/197. Adjusted for purchasing power (GDP per capita PPP), Andorra ranks 18th at $74,939, while Iran ranks 97th at $19,874.

Economic indicators

Andorra Iran
Gross domestic product
$4.04B
2024
$475B
2024
GDP rank
166/197
2024
34/197
2024
GDP growth
3.37%
2023-2024
3.66%
2023-2024
GDP per capita
$49,304
2024
$5,190
2024
GDP per capita rank
25/197
2024
119/197
2024
GDP per capita, PPP
$74,939
2024
$19,874
2024
GDP per capita PPP rank
18/197
2024
97/197
2024
Government debt n/a
$162B
2024
Debt-to-GDP ratio n/a
34%
2024
Government debt per person n/a
$1,764
2024
Government debt per person rank n/a
122/185
2024
Average annual personal income after taxes
$32,457
2026
$2,964
2026
Market capitalization of domestic companies n/a
$172B
2024
Income share by richest 10% n/a
28.2%
2023
Income share by poorest 10% n/a
2.8%
2023
Government expenditure, % of GDP
35%
2025
14.2%
2024
Consumer prices inflation
-0.9%
2019-2020
32.5%
2023-2024
Central bank interest rate n/a
23%
2023
Unemployment rate
3.7%
2016
7.63%
2024
Population
84102
93468444

Inflation comparison by year

Inflation
Andorra

Iran
1x
Year Consumer prices inflation
Andorra Iran
2024 - 32.5%
2023 - 44.6%
2022 - 43.5%
2021 - 43.4%
2020 -0.9% 30.6%
2019 -0.9% 39.9%
2018 -0.9% 18%
2017 - 8.04%
2016 - 7.25%
2015 -0.9% 12.5%
2014 - 16.6%
2013 - 36.6%
2012 1.1% 27.3%
2011 - 26.3%
2010 1.6% 10.1%
2009 - 13.6%
2008 2.3% 25.4%
2007 3.9% 17.3%
2006 - 10%
2005 3.2% 13.4%
2004 3.4% 14.8%
2003 - 16.5%
2002 - 14.3%
2001 - 11.3%
2000 4.3% 14.5%
1999 - 20.1%
1998 1.62% 17.9%
1997 - 17.3%

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/iran | CC BY

Over the past 23 years, Andorra has recorded an average annual inflation rate of 1.49%, compared with 18.4% in Iran. In 2020, inflation was -0.9% in Andorra and 32.5% in Iran.

Balance of trade

Andorra Iran
Current account balance
$649M
2024
$12.5B
2000
Current account balance ranking
57/190
2024
22/190
2000
Current account balance, % of GDP
+16.1%
2024
+11.4%
2000
Goods imports
$1.95B
2024
$15.2B
2000
Goods exports
$255M
2024
$28.3B
2000
Service imports
$1.04B
2024
$2.3B
2000
Service exports
$3.38B
2024
$1.38B
2000
Imports of goods and services, % of GDP n/a
28.5%
2024
Exports of goods and services, % of GDP
15%
2025
23.6%
2024

Economic freedom indices

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

Andorra Iran
Economic freedom 72 41.8
Economic freedom ranking 28/197 185/197
Property rights n/a 20.2
Government integrity n/a 16.2
Judicial effectiveness n/a 18.7
Tax burden n/a 81.3
Government spending n/a 94.7
Fiscal health n/a 83.3
Business freedom n/a 37.4
Labor freedom n/a 41.8
Monetary freedom n/a 42.2
Trade freedom n/a 55.8
Investment freedom n/a 5
Financial freedom n/a 5

Other economic metrics

Andorra Iran
Services, % of GDP
77.6%
2024
49.8%
2024
Industry, % of GDP
12.8%
2024
36.1%
2024
Agriculture, forestry, and fishing, % of GDP
0.47%
2024
10.8%
2024
GNI, Atlas method
$3.9B
2024
$469B
2024
GNI per capita, PPP
$76,090
2024
$19,820
2024
Total reserves including gold n/a
$7.69B
1982
Total reserves ranking n/a
85/177
1982
Net foreign direct investment
-$150M
2024
-$39M
2000
Net inflows of foreign direct investment
$268M
2024
$1.45B
2024
Net outflows of foreign direct investment
$118M
2024
$89.4M
2024
Servicing debt to the IMF, % of GNI n/a
0.08%
2024
Poverty at national poverty lines
8%
2008
18.7%
2020
Gross capital formation, % of GDP n/a
44.3%
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/iran | 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. 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.