economy
This Country Has No Army or Crime: It Is Among the Richest in Europe
Although rarely mentioned among countries with the highest standard of living, Andorra ranks among the world's elite by many indicators. This small principality is located in the Pyrenees, between France and Spain, and is known for its safety, high salaries, low taxes, and quality of life.
TL;DR
- Andorra is a small principality in the Pyrenees, located between France and Spain.
- It is known for its high standard of living, safety, high salaries, low taxes, and quality of life.
- The country has a unique co-principality system, with the President of France and the Bishop of Urgell as formal heads of state.
- Andorra does not have a standing army; defense is handled by France and Spain.
- It is considered one of the safest countries globally, with very low crime rates.
- The country has low taxes, with a maximum income and profit tax of 10% and a VAT of 4.5%.
- Andorrans have one of the longest life expectancies in the world, averaging 83-84 years.
- The cost of living, particularly for real estate and rent, is high due to limited space.
- Andorra is a popular tourist destination for nature, shopping, and wellness tourism.
- Andorra la Vella, the capital, is the highest capital in Europe and a duty-free zone.
- Attractions include the Caldea thermal center, ski resorts, hiking, biking, and Naturland park.
- Charming mountain villages and Romanesque churches add to its appeal.