Andorra’s nominal GDP grew by 1.9% in 2016 and amounted to 2.584 million euros, reported Jordi Cinca

andorra_GDP_2016

Andorra’s nominal GDP grew by 1.9% in 2016 and amounted to 2.584 million euros, reported the Minister of Finance of the Principality Jordi Cinca. As for real GDP, its growth was 1.2% and was equal to 1.924.8 million euros.

Nominal GDP per capita was 35.348 euros, keeping the rate of 2015. Real GDP per capita is 26, 330 euros, which is 0.7% lower than in 2015. This is due to the increase of the population of Andorra over the past year, said Jordi Cinca.

The Minister of Finance also noted the growth of the indexes in practically all sectors of the economy of Andorra.