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Economy of Andorra vs Russia compared: GDP & Debt

Updated on by Georank team

Andorra has a GDP of $4.04B compared to $2.17T for Russia, ranking 166/197 and 11/197 by economy size, respectively.

Andorra vs Russia GDP by year

Andorra
Russia
1x
Year GDP, current $
Andorra Russia
2024 $4,039,842,405 $2,173,835,806,672
2023 $3,785,065,525 $2,071,505,725,031
2022 $3,380,611,695 $2,291,612,121,335
2021 $3,324,648,076 $1,829,186,719,575
2020 $2,891,002,460 $1,493,075,894,362
2019 $3,155,150,256 $1,693,115,002,708
2018 $3,218,418,632 $1,657,328,773,461
2017 $3,000,160,415 $1,574,199,360,089
2016 $2,896,611,879 $1,276,786,350,881
2015 $2,789,882,569 $1,363,482,182,198
2014 $3,271,686,452 $2,059,241,589,895
2013 $3,193,513,470 $2,292,470,078,346
2012 $3,188,653,259 $2,208,293,553,878
2011 $3,629,133,063 $2,045,922,753,398
2010 $3,449,925,694 $1,524,916,715,224
2009 $3,688,974,807 $1,222,645,900,056
2008 $4,102,317,468 $1,660,848,058,303
2007 $3,957,627,537 $1,299,703,478,482
2006 $3,459,336,818 $989,932,071,353
2005 $3,161,084,847 $764,015,973,481
2004 $2,900,244,054 $591,016,690,732
2003 $2,366,941,614 $430,347,420,185
2002 $1,764,279,818 $345,470,494,418
2001 $1,548,265,927 $306,602,070,621
2000 $1,432,606,296 $259,710,142,197
1999 $1,240,295,199 $195,907,128,351
1998 $1,211,953,994 $270,955,486,862
1997 $1,180,645,572 $404,928,954,192
1996 $1,224,024,139 $391,724,890,744
1995 $1,178,745,283 $395,537,185,735
1994 $1,017,544,069 $395,077,301,248
1993 $1,007,090,270 $435,083,713,851
1992 $1,209,992,020 $460,290,556,901
1991 $1,106,891,362 $517,962,962,963
1990 $1,028,989,692 $517,014,446,228
1989 $795,489,582 $506,631,299,735
1988 $721,425,939 $554,828,660,436
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/russia | CC BY

GDP per capita in Andorra vs Russia by year

Andorra
GDP per capita

GDP per capita, PPP
Russia
GDP per capita

GDP per capita, PPP
1x
Year Current $
Andorra Russia
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $49,304 $74,939 $15,145 $47,405
2023 $46,812 $71,731 $14,403 $44,269
2022 $42,414 $68,470 $15,888 $40,939
2021 $42,426 $59,332 $12,637 $38,638
2020 $37,361 $52,096 $10,280 $31,491
2019 $41,258 $57,475 $11,640 $30,964
2018 $42,820 $55,245 $11,399 $28,629
2017 $40,673 $53,085 $10,835 $25,778
2016 $40,130 $53,110 $8,804 $24,012
2015 $38,655 $50,733 $9,427 $23,994
2014 $44,370 $48,506 $14,277 $25,688
2013 $42,470 $45,609 $15,941 $26,020
2012 $41,501 $45,503 $15,402 $24,274
2011 $46,657 $46,436 $14,305 $22,790
2010 $42,747 $43,853 $10,675 $20,490
2009 $43,975 $42,523 $8,563 $19,390
2008 $49,132 $44,839 $11,635 $20,164
2007 $48,336 $47,501 $9,101 $16,648
2006 $43,467 $46,853 $6,920 $14,912
2005 $40,830 $44,578 $5,323 $11,822
2004 $39,021 $42,717 $4,102 $10,227
2003 $34,064 $41,148 $2,975 $9,255
2002 $26,528 $38,787 $2,378 $8,037
2001 $23,511 $36,895 $2,100 $7,361
2000 $21,810 $33,458 $1,772 $6,825
1999 $18,875 $31,590 $1,331 $5,914
1998 $18,537 $30,073 $1,835 $5,465
1997 $18,248 $29,122 $2,738 $5,700
1996 $19,130 $26,542 $2,644 $5,518
1995 $18,443 $24,934 $2,666 $5,613
1994 $15,749 $23,509 $2,662 $5,734
1993 $15,917 $22,958 $2,931 $6,420
1992 $20,100 $23,817 $3,099 $6,862
1991 $19,533 $24,510 $3,490 $7,858
1990 $19,564 $24,909 $3,494 $8,028
1989 $15,715 - $3,430 -
1988 $14,599 - $3,778 -
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/russia | CC BY

Andorra's GDP per capita is $49,304, ranking 25/197, compared to $15,145 in Russia, ranking 68/197. Adjusted for purchasing power (GDP per capita PPP), Andorra ranks 18th at $74,939, while Russia ranks 50th at $47,405.

Economic indicators

Andorra Russia
Gross domestic product
$4.04B
2024
$2.17T
2024
GDP rank
166/197
2024
11/197
2024
GDP growth
3.37%
2023-2024
4.34%
2023-2024
GDP per capita
$49,304
2024
$15,145
2024
GDP per capita rank
25/197
2024
68/197
2024
GDP per capita, PPP
$74,939
2024
$47,405
2024
GDP per capita PPP rank
18/197
2024
50/197
2024
Government debt n/a
$440B
2024
Debt-to-GDP ratio n/a
20.3%
2024
Government debt per person n/a
$3,067
2024
Government debt per person rank n/a
98/185
2024
Average annual personal income after taxes
$32,457
2026
$10,464
2026
Market capitalization of domestic companies n/a
$650B
2023
Number of millionaires n/a
426,000
2025
Number of billionaires n/a
140
2025
Income share by richest 10% n/a
25.1%
2023
Income share by poorest 10% n/a
3.1%
2023
Government expenditure, % of GDP
35%
2025
36.9%
2024
Consumer prices inflation
-0.9%
2019-2020
8.4%
2023-2024
Central bank interest rate n/a
16%
2025
Unemployment rate
3.7%
2016
2.43%
2024
Population
84102
141906741

Inflation comparison by year

Inflation
Andorra

Russia
1x
Year Consumer prices inflation
Andorra Russia
2024 - 8.4%
2023 - 5.9%
2022 - 13.7%
2021 - 6.7%
2020 -0.9% 3.4%
2019 -0.9% 4.5%
2018 -0.9% 2.9%
2017 - 3.7%
2016 - 7%
2015 -0.9% 15.5%
2014 - 7.8%
2013 - 6.8%
2012 1.1% 5.1%
2011 - 8.4%
2010 1.6% 6.8%
2009 - 11.6%
2008 2.3% 14.1%
2007 3.9% 9%
2006 - 9.7%
2005 3.2% 12.7%
2004 3.4% 10.9%
2003 - 13.7%
2002 - 15.8%
2001 - 21.5%
2000 4.3% 20.8%
1999 - 85.7%
1998 1.62% 27.7%
1997 - 14.8%

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/russia | CC BY

Over the past 23 years, Andorra has recorded an average annual inflation rate of 1.49%, compared with 14.1% in Russia. In 2020, inflation was -0.9% in Andorra and 8.4% in Russia.

Top exports between countries

Andorra
Export category Export value
Machinery & equipment $275K
Animal & marine products $83K
Chemicals & pharma $46K
Textiles & consumer goods $22K
Wood & paper products $4K
Precious metals & jewellery $1K
Russia
Export category Export value
Machinery & equipment $13.4M
IT & IP services $1.64M
Business & finance services $320K
Transport & tourism services $48K
Chemicals & pharma $29K
Manufacturing & construction services $12K
Metals $5K
Precious metals & jewellery $1K

Balance of trade

Andorra Russia
Current account balance
$649M
2024
$63.4B
2024
Current account balance ranking
57/190
2024
12/190
2024
Current account balance, % of GDP
+16.1%
2024
+2.91%
2024
Goods imports
$1.95B
2024
$302B
2024
Goods exports
$255M
2024
$434B
2024
Service imports
$1.04B
2024
$81.5B
2024
Service exports
$3.38B
2024
$43.1B
2024
Imports of goods and services, % of GDP n/a
17.6%
2024
Exports of goods and services, % of GDP
15%
2025
21.9%
2024

Economic freedom indices

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

Andorra Russia
Economic freedom 72 50.3
Economic freedom ranking 28/197 161/197
Property rights n/a 18.6
Government integrity n/a 22.8
Judicial effectiveness n/a 22.8
Tax burden n/a 81.9
Government spending n/a 61.3
Fiscal health n/a 94.4
Business freedom n/a 51.4
Labor freedom n/a 59.1
Monetary freedom n/a 61.8
Trade freedom n/a 69.4
Investment freedom n/a 30
Financial freedom n/a 30

Other economic metrics

Andorra Russia
Services, % of GDP
77.6%
2024
57.5%
2024
Industry, % of GDP
12.8%
2024
30.7%
2024
Agriculture, forestry, and fishing, % of GDP
0.47%
2024
2.74%
2024
GNI, Atlas method
$3.9B
2024
$2.24T
2024
GNI per capita, PPP
$76,090
2024
$46,780
2024
Total reserves including gold n/a
$597B
2023
Total reserves ranking n/a
6/177
2023
Net foreign direct investment
-$150M
2024
$9.37B
2024
Net inflows of foreign direct investment
$268M
2024
-$9.35B
2024
Net outflows of foreign direct investment
$118M
2024
-$170M
2024
Servicing debt to the IMF, % of GNI n/a
2.65%
2024
Poverty at national poverty lines
8%
2008
12.1%
2020
Gross capital formation, % of GDP n/a
26.3%
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/russia | 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. TradeMap (2020–2023, retrieved 2026-02-08)
  6. The Heritage Foundation | Economic Freedom Index (2026, retrieved 2026-03-09)
  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.