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.
Read more about this topic: Andorra La Vella
Famous quotes containing the word economy:
“Everyone is always in favour of general economy and particular expenditure.”
—Anthony, Sir Eden (1897–1977)
“The aim of the laborer should be, not to get his living, to get “a good job,” but to perform well a certain work; and, even in a pecuniary sense, it would be economy for a town to pay its laborers so well that they would not feel that they were working for low ends, as for a livelihood merely, but for scientific, or even moral ends. Do not hire a man who does your work for money, but him who does it for love of it.”
—Henry David Thoreau (1817–1862)
“Unaware of the absurdity of it, we introduce our own petty household rules into the economy of the universe for which the life of generations, peoples, of entire planets, has no importance in relation to the general development.”
—Alexander Herzen (1812–1870)