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Economy of Andorra vs Malta compared: GDP & Debt

Updated on by Georank team

Andorra has a GDP of $4.04B compared to $25B for Malta, ranking 166/197 and 119/197 by economy size, respectively.

Andorra vs Malta GDP by year

Andorra
Malta
1x
Year GDP, current $
Andorra Malta
2024 $4,039,842,405 $24,971,574,502
2023 $3,785,065,525 $22,610,561,526
2022 $3,380,611,695 $18,928,276,162
2021 $3,324,648,076 $19,739,875,611
2020 $2,891,002,460 $16,404,663,226
2019 $3,155,150,256 $16,337,793,531
2018 $3,218,418,632 $16,153,779,511
2017 $3,000,160,415 $14,161,366,724
2016 $2,896,611,879 $12,025,782,834
2015 $2,789,882,569 $11,340,795,042
2014 $3,271,686,452 $11,888,032,874
2013 $3,193,513,470 $10,796,782,636
2012 $3,188,653,259 $9,609,532,089
2011 $3,629,133,063 $9,789,361,703
2010 $3,449,925,694 $9,097,044,159
2009 $3,688,974,807 $8,734,745,698
2008 $4,102,317,468 $9,135,419,465
2007 $3,957,627,537 $7,908,412,306
2006 $3,459,336,818 $6,749,838,806
2005 $3,161,084,847 $6,393,234,993
2004 $2,900,244,054 $6,104,141,520
2003 $2,366,941,614 $5,418,315,224
2002 $1,764,279,818 $4,455,127,414
2001 $1,548,265,927 $4,070,867,133
2000 $1,432,606,296 $4,036,809,815
1999 $1,240,295,199 $4,111,857,809
1998 $1,211,953,994 $4,010,111,688
1997 $1,180,645,572 $3,787,023,707
1996 $1,224,024,139 $3,822,547,197
1995 $1,178,745,283 $3,709,396,045
1994 $1,017,544,069 $2,998,505,428
1993 $1,007,090,270 $2,709,193,538
1992 $1,209,992,020 $3,021,942,759
1991 $1,106,891,362 $2,750,216,747
1990 $1,028,989,692 $2,547,328,748
1989 $795,489,582 $2,118,655,677
1988 $721,425,939 $2,019,503,068
1987 $611,299,925 $1,751,293,461
1986 $481,996,013 $1,435,038,441
1985 $346,742,715 $1,117,797,439
1984 $330,073,081 $1,101,807,023
1983 $327,850,043 $1,165,729,707
1982 $375,914,744 $1,234,474,404
1981 $388,983,266 $1,243,509,394
1980 $446,377,777 $1,250,198,601
1979 $411,548,748 $1,001,288,847
1978 $308,020,261 $793,673,402
1977 $253,997,897 $625,563,171
1976 $227,283,851 $527,936,989
1975 $220,112,572 $474,618,321
1974 $186,557,082 $376,081,124
1973 $150,841,639 $345,616,106
1972 $113,414,397 $295,106,628
1971 $89,406,608 $264,578,485
1970 $78,617,711 $250,728,796

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

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

GDP per capita in Andorra vs Malta by year

Andorra
GDP per capita

GDP per capita, PPP
Malta
GDP per capita

GDP per capita, PPP
1x
Year Current $
Andorra Malta
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $49,304 $74,939 $43,899 $69,864
2023 $46,812 $71,731 $40,906 $67,057
2022 $42,414 $68,470 $35,639 $60,589
2021 $42,426 $59,332 $38,097 $56,852
2020 $37,361 $52,096 $31,823 $49,972
2019 $41,258 $57,475 $32,422 $51,393
2018 $42,820 $55,245 $33,382 $48,178
2017 $40,673 $53,085 $30,317 $45,764
2016 $40,130 $53,110 $26,459 $41,000
2015 $38,655 $50,733 $25,530 $38,369
2014 $44,370 $48,506 $27,425 $35,206
2013 $42,470 $45,609 $25,416 $33,138
2012 $41,501 $45,503 $22,878 $30,716
2011 $46,657 $46,436 $23,517 $29,426
2010 $42,747 $43,853 $21,947 $28,909
2009 $43,975 $42,523 $21,176 $26,782
2008 $49,132 $44,839 $22,315 $26,654
2007 $48,336 $47,501 $19,444 $25,012
2006 $43,467 $46,853 $16,654 $23,219
2005 $40,830 $44,578 $15,831 $22,227
2004 $39,021 $42,717 $15,212 $21,566
2003 $34,064 $41,148 $13,594 $20,813
2002 $26,528 $38,787 $11,251 $19,532
2001 $23,511 $36,895 $10,358 $18,435
2000 $21,810 $33,458 $10,348 $18,214
1999 $18,875 $31,590 $10,609 $16,898
1998 $18,537 $30,073 $10,408 $16,219
1997 $18,248 $29,122 $9,893 $15,465
1996 $19,130 $26,542 $10,062 $14,661
1995 $18,443 $24,934 $9,828 $13,950
1994 $15,749 $23,509 $8,000 $12,938
1993 $15,917 $22,958 $7,296 $12,103
1992 $20,100 $23,817 $8,220 $11,429
1991 $19,533 $24,510 $7,559 $10,784
1990 $19,564 $24,909 $7,192 $10,086
1989 $15,715 - $6,041 -
1988 $14,599 - $5,814 -
1987 $12,828 - $5,084 -
1986 $10,539 - $4,195 -
1985 $7,912 - $3,322 -
1984 $7,808 - $3,333 -
1983 $8,082 - $3,527 -
1982 $9,698 - $3,788 -
1981 $10,465 - $3,898 -
1980 $12,475 - $3,948 -
1979 $11,996 - $3,196 -
1978 $9,410 - $2,559 -
1977 $8,168 - $2,038 -
1976 $7,721 - $1,727 -
1975 $7,925 - $1,560 -
1974 $7,140 - $1,245 -
1973 $6,151 - $1,144 -
1972 $4,940 - $976 -
1971 $4,170 - $874 -
1970 $3,935 - $828 -

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

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

Andorra's GDP per capita is $49,304, ranking 25/197, compared to $43,899 in Malta, ranking 28/197. Adjusted for purchasing power (GDP per capita PPP), Andorra ranks 18th at $74,939, while Malta ranks 25th at $69,864.

Economic indicators

Andorra Malta
Gross domestic product
$4.04B
2024
$25B
2024
GDP rank
166/197
2024
119/197
2024
GDP growth
3.37%
2023-2024
6.8%
2023-2024
GDP per capita
$49,304
2024
$43,899
2024
GDP per capita rank
25/197
2024
28/197
2024
GDP per capita, PPP
$74,939
2024
$69,864
2024
GDP per capita PPP rank
18/197
2024
25/197
2024
Government debt n/a
$11.5B
2024
Debt-to-GDP ratio n/a
46.2%
2024
Government debt per person n/a
$20,269
2024
Government debt per person rank n/a
31/185
2024
Average annual personal income after taxes
$32,457
2026
$23,692
2026
Market capitalization of domestic companies n/a
$4.29B
2024
Income share by richest 10% n/a
27.7%
2022
Income share by poorest 10% n/a
2.7%
2022
Government expenditure, % of GDP
35%
2025
37.3%
2024
Consumer prices inflation
-0.9%
2019-2020
1.65%
2023-2024
Unemployment rate
3.7%
2016
3.12%
2024
Population
84102
581729

Inflation comparison by year

Inflation
Andorra

Malta
1x
Year Consumer prices inflation
Andorra Malta
2024 - 1.65%
2023 - 5.09%
2022 - 6.15%
2021 - 1.5%
2020 -0.9% 0.64%
2019 -0.9% 1.64%
2018 -0.9% 1.16%
2017 - 1.36%
2016 - 0.64%
2015 -0.9% 1.1%
2014 - 0.31%
2013 - 1.18%
2012 1.1% 2.38%
2011 - 2.96%
2010 1.6% 1.52%
2009 - 2.08%
2008 2.3% 4.26%
2007 3.9% 1.25%
2006 - 2.77%
2005 3.2% 3.01%
2004 3.4% 2.79%
2003 - 1.3%
2002 - 2.19%
2001 - 2.93%
2000 4.3% 2.37%
1999 - 2.13%
1998 1.62% 2.39%
1997 - 3.11%

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/malta | CC BY

Over the past 23 years, Andorra has recorded an average annual inflation rate of 1.49%, compared with 1.93% in Malta. In 2020, inflation was -0.9% in Andorra and 1.65% in Malta.

Top exports between countries

Andorra
Export category Export value
Textiles & consumer goods $16K
Chemicals & pharma $1K
Malta
Export category Export value
Machinery & equipment $2K
Textiles & consumer goods $1K

Balance of trade

Andorra Malta
Current account balance
$649M
2024
$1.78B
2024
Current account balance ranking
57/190
2024
47/190
2024
Current account balance, % of GDP
+16.1%
2024
+7.12%
2024
Goods imports
$1.95B
2024
$7.56B
2024
Goods exports
$255M
2024
$4.58B
2024
Service imports
$1.04B
2024
$17.4B
2024
Service exports
$3.38B
2024
$25B
2024
Imports of goods and services, % of GDP n/a
99.7%
2024
Exports of goods and services, % of GDP
15%
2025
118.5%
2024

Economic freedom indices

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

Andorra Malta
Economic freedom 72 68.2
Economic freedom ranking 28/197 49/197
Property rights n/a 85.5
Government integrity n/a 54.3
Judicial effectiveness n/a 80.2
Tax burden n/a 68.5
Government spending n/a 58.4
Fiscal health n/a 63.2
Business freedom n/a 83.2
Labor freedom n/a 62.6
Monetary freedom n/a 73.1
Trade freedom n/a 79.4
Investment freedom n/a 60
Financial freedom n/a 50

Other economic metrics

Andorra Malta
Services, % of GDP
77.6%
2024
81.8%
2024
Industry, % of GDP
12.8%
2024
10.7%
2024
Agriculture, forestry, and fishing, % of GDP
0.47%
2024
0.23%
2024
GNI, Atlas method
$3.9B
2024
$20.9B
2024
GNI per capita, PPP
$76,090
2024
$61,340
2024
Total reserves including gold n/a
$1.42B
2024
Total reserves ranking n/a
137/177
2024
Net foreign direct investment
-$150M
2024
-$6.13B
2024
Net inflows of foreign direct investment
$268M
2024
$42.6B
2024
Net outflows of foreign direct investment
$118M
2024
$36.5B
2024
Poverty at national poverty lines
8%
2008
16.7%
2021
Gross capital formation, % of GDP n/a
19%
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/malta | 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. 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. TradeMap (2023–2024, 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.

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.