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:
“Cities need old buildings so badly it is probably impossible for vigorous streets and districts to grow without them.... for really new ideas of any kind—no matter how ultimately profitable or otherwise successful some of them might prove to be—there is no leeway for such chancy trial, error and experimentation in the high-overhead economy of new construction. Old ideas can sometimes use new buildings. New ideas must use old buildings.”
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