Source: world bank Nominal/PPP
Summary:
Andorra GDP Per Capita expanded from 1970 to 2017, increasing from $3,935.41 to $40,672.97 .The compound annual growth rate (CAGR) averaged 5.09% over the period. The economy recorded its peak level in 2008 and its lowest level in 1970. Growth volatility remained high. The maximum drawdown reached 37.41%, indicating the largest cyclical decline from peak levels. The country experienced 8 recession episode(s) during the observed period.
Andorra Economic Phases (1970 - 2017)
From 1970 to 2017, Andorra economy moved through multiple cyclical phases marked by alternating periods of rapid expansion and contraction.
- High Growth (1971–1975) indicating robust economic expansion
- High Growth (1977–1979) indicating robust economic expansion
- High Growth (1986–1990) indicating robust economic expansion
- Expansion (1998–1999) indicating steady moderate growth
- High Growth (2000–2004) indicating robust economic expansion
- High Growth (2006–2007) indicating robust economic expansion
- Expansion (2013–2014) indicating steady moderate growth
- Expansion (2016–2017) indicating steady moderate growth
The most remarkable growth occurred in 1986 with an increase of 33.204%, while the largest decline was in 1993 at -20.81%.