Andorra: public finances

What is Andorra's debt to GDP ratio?

Andorra's general government debt was €1,209.1 million at the end of 2025, equal to 30.4% of GDP, down from 32.9% in 2024, according to the Department of Statistics' public debt statistics for 2025. The amount fell 1.6% during the year, and debt per person was €13,577.

The figure covers the government, the parishes (comuns), the social security fund and other public bodies, following the European system of accounts (ESA 2010). The government's own debt was 29.4% of GDP. 96.8% of the debt is owed to creditors outside Andorra, 95.8% of it in non-bank forms, and 99.5% is long term.

Official sources: Department of Statistics: Public debt, 2025

What is Andorra's government debt?

In 2025, general government gross debt in Andorra was 30.3% of GDP, according to the IMF. Its high point since 2005 was 2021, at 48.6% of GDP; its low point was 2005, at 14.8% of GDP. Across Europe & Central Asia the middle value was 46.9% of GDP, and Andorra placed 38th highest of 51. World rank, highest first: 154th of 185.

What is Andorra's budget deficit?

In 2025, general government net lending or borrowing in Andorra was 3.6% of GDP, according to the IMF. Its high point since 2005 was 2022, at 4.8% of GDP; its low point was 2009, at -3.5% of GDP. Across Europe & Central Asia the middle value was -2.4% of GDP, and Andorra placed 2nd highest of 51. World rank, highest first: 10th of 188.

How much revenue does Andorra's government raise?

41.0% of GDP: that is general government revenue in Andorra for 2025, according to the IMF. Its high point since 2005 was 2020, at 41.3% of GDP; its low point was 2005, at 23.3% of GDP. Across Europe & Central Asia the middle value was 41.3% of GDP, and Andorra placed 28th highest of 50. Of 187 countries with 2025 data, 41st highest.

What is Andorra's government spending?

37.3% of GDP: that is general government spending in Andorra for 2025, according to the IMF. The peak was 42.3% of GDP in 2020 and the low 23.4% of GDP in 2005. It is 36th highest of 50 in Europe & Central Asia, where the median is 43.3% of GDP. Worldwide: 62nd of 186.

What is Andorra's tax to GDP ratio?

15.6% of GDP: that is central government tax revenue in Andorra for 2024, according to the IMF. It is the top of the series, which starts in 2018. It is 36th highest of 42 in Europe & Central Asia, where the median is 20.8% of GDP. Of 92 countries with 2024 data, 57th highest.