Friday, April 9, 2010

Andorra, Andorra la Vella Cost of Living April 2010

Country Full Name: The Principality of Andorra.

Location: Andorra is in South Western Europe, between France and Spain.

Country Climate: Temperate; snowy, cold winters and warm, dry summers.

Country Terrain: Rugged mountains dissected by narrow valleys.

Major Languages: Catalan, Spanish, French.

Major Religions: Christianity.

Country Population: 0.088 million (2008 est.) 0.088 million (2009 est.).

Country Economy: The economy of Andorra is reliant on tourism which accounts for roughly 80% of GDP. An estimated 9 million tourists visit annually, attracted by Andorra's duty-free status and by its summer and winter resorts. Andorra's comparative advantage has recently eroded as the economies of adjoining France and Spain have been opened up, providing broader availability of goods and lower tariffs. The banking sector, with its tax haven status, also contributes substantially to the economy.

Currency: Euro (EUR).

Country Inflation: 3.2% (2008 est.) 3.9% (2009 est.).

City: Andorra la Vella is the capital of the Co-principality of Andorra, and is located high in the east Pyrenees between France and Spain. It is also the name of the parish that surrounds the capital.

City Economy: The principal industry is tourism. Furniture and brandies are local products.

Cost of Living

Andorra la Vella has an overall cost of living index which equates it with middle cost of living locations. The overall cost of living index is comprised of the prices for defined quantities of the same goods and services across all 13 Basket Groups. Andorra la Vella is currently ranked 103 overall, most expensive place in the world for expatriates to live, out of 282 international locations.



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