Andorra Continues to Demonstrate Economic Strength and Attractiveness.
This week, the International Monetary Fund team responsible for evaluating Andorra’s economy completed their official mission to the Principality.
While the final report will be published in the coming weeks, the IMF has released its preliminary conclusions, once again underscoring the resilience and attractiveness of Andorra’s economy.
Here are the main takeaways:
- The Andorran economy continues to outperform expectations, with growth reaching 2.9% in 2025, driven by strong performance in financial services, real estate and construction.
- Solid and sustained economic growth, supported by external demand and the robust performance of the financial sector.
- A labour market operating near full employment and a very large current account surplus (around 16% in 2025).
- Prudent fiscal management, which has strengthened fiscal buffers and supported solid budgetary performance.
- Short‑term risks remain broadly balanced, with downside risks mainly linked to external factors and global uncertainty.
- A resilient banking sector, showing consistent solid results, supported by a regulatory and supervisory framework that is aligned with EU standards—enhancing the stability of the financial system.
These conclusions reinforce a key message: Andorra remains a resilient, attractive and well‑managed economy, capable of navigating a challenging global environment.
Full IMF staff concluding statement available here:
2026-and-concluding-statement-catalan-march09.pdf
