Economy
Andorra la Vella is the country's commercial centre. In the country as a whole, 80% of the GDP is derived from the 14 million tourists who visit annually. The city is also the centre for the many banks and businesses that thrive from its tax haven status. The state is not a member of the European Union, but has a customs arrangement with the EU, and uses the euro.
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Famous quotes containing the word economy:
“Wise men read very sharply all your private history in your look and gait and behavior. The whole economy of nature is bent on expression. The tell-tale body is all tongues. Men are like Geneva watches with crystal faces which expose the whole movement.”
—Ralph Waldo Emerson (1803–1882)