Andorra • • High Quality of Life A Year-Round Destination • • A Complete Tourist Offer Sound Public Finances • Dynamic Economy • A Competitive Business Environment • A Small Country with a Large Tourist • Culturally Open to International Companies Sector Close to Population: Total Area Barcelona : 207,1 km 2016: 78.264 468 km 2 Toulouse: 180,4 km Other Spoken Official Official Currency: Language: Languages Andorran Flag Euro Catalan French, Spanish and Portuguese
A prosperous and diverse country • 50% of the population are foreign • High quality of life nationals • More than 100 different nationalities GDP per capita 2015 [$ PPPS] 46.375 102.101 60.491 47.167 41.351 39.813 37.691 34.521 Lux. Swi. Ger. And. UK. Fra. UE. Spa. Avg.
High Quality of Life • Low crime rate [0 crimes in 2016] • Three choices of free public education systems • First ranked country in terms of healthcare access and quality index • Oceanic climate with over 2.000 hours of sun per year • Protected national Parks represent 36% of the territory 0 25 50 75 100 Quality of surface water 81% Excellent Good Air quality 89% Acceptable Bad Acoustic contamination 88%
A competitive business environment 100% of homes and 98% of homes and businesses log on to the businesses have access Internet through Optical to broadband internet fiber network Extremely competitive Excellent quality of price of electricity for electrical supply companies
An economy centered on services Tourism Construction 33% 49% Public Administration Others 13% 5%
Public Finance National Annual Budgetary Report [in Millions of €] 454,92 438,80 416,05 416,20 404,02 392,14 390,76 389,87 387,81 376,43 376,89 371,54 368,02 359,13 356,94 350,39 321,93 316,90 308,23 303,99 296,54 279,33 275,51 271,25 255,79 244,61 245,14 242,21 227,69 224,58 226,14 219,23 197,30 180,10 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 Public Expenditure Income
Public Finance Annual Turnover [in Millions of €] 22,61 15,71 - 5,35 - 8,47 - 13,26 - 17,21 - 20,03 - 19 - 33,30 - 40,76 - 50,90 - 52,94 - 99,15 - 71,06 - 67,93 - 116,56 - 86,91 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
Public Finance Public Debt/GDP [in Millions of €] 41,4% 38,50% 41,90% 41,40% 41,00% 40,60% 40,20% 31,20% 21,9% 18,10% 14,7% 16,30% 14,90% 14,30% 8,8% 7,5% 15,3% 9,8% 0,0% -1,2% -1,0% -1,0% -1,0% -4,0% -4,9% 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 Total Public Debt Annual Variation
Working for a Diversified Economy • Law 95/2010 approved • France and Andorra • Four DTCs are signed with Corporate Tax sign a double taxation Spain, United Arab convention (DTC) Emirates, Portugal and • Law 94/2010 approved Liechtenstein Tax on the income of • The cluster for new non-residents technologies is privatized and becomes ACTINN 2014 2016 2012 2010 2013 2015 • Law 20/2012 approved • Law 5/2014 approved • Malta and foreign investment Personal Income Tax Andorra sign (IRPF) a double taxation • Luxembourg and convention Andorra sign a double (DTC) • Law 11/2012 approved taxation convention General indirect tax (IGI) (DTC)
Direct foreign investment in Andorra • Formalized foreign investment by country of origin from 2012 to December 2016 represents 277 million €, 97 million of which were in 2016. • Initial formalized foreign investment in 2015 represented 3,8% of that year´s GDP. • Creation of 1.041 jobs (2012-2015). • 956 new businesses or acquisitions (2012-2015). Top investors per country 2012-2016 Investment per sectors 2012-2016 (Value of formalized investments) (Value of formalized investments) 1,8% 1,6% 1,4% Assets Providing of services 17,8% Spain 14,2% Commercialization 34,9% 6% France 51,3% Real estate promotion Andorra Hotels 22,5% 25% Projects, design, Others 23,7% investigation Manufacturing, execution, realization
Direct foreign investment in Andorra 277 Foreign Direct Investment in M€ [2012 -2016] Foreign Direct Investment 96,9 97 Real Estate Promotion 49,5 28,3 26,7 39 8 6,9 2,2 0,073 0,579 TOTAL 2012 2013 2014 2015 2016
Invest in Andorra (Actua) It is based on three key pillars: Economic Attracting Supporting diversification direct foreign entrepreneurs: through the investors and promoting development of collaboration supporting national clusters oriented between the public companies towards the fields of and private sectors throughout their innovation, Health and giving support internationalization and wellness, to the development process education and sport of new business initiatives
ACTUA Program • Enhance the attraction of new services Health and 140 related to health and wellness Wellness Cluster • companies Position the country as a health tourism destination • Create synergies between the public and Education 55 private sector companies Cluster • Promote educational projects • Enhance sports as an economic activity Sports 166 sector companies • Cluster Develop entrepreneurial projects to improve the sports offer. Innovation • Facilitate the development of the new 53 technologies sector as Andorra wants to companies Cluster become a Living Lab country
Health & Wellness tourism cluster Our strengths 1st 8 Ideal 35% environment + Ranked million of visitors are country in attracted by terms of visitors Consolidate leisure health healthcare wellness and wellness per year access and sector sector quality index
Health & Wellness tourism cluster Strategy for developing a Health tourism offer in Andorra The ultimate finality of the project is to diversify touristic products through the availability of a variety of resources helping to attract tourists beyond the winter season . The aim is to attract federated sports professionals as well as intense sport lovers through the implication of the country ´ s existing health infrastructures and resources, and the creation of a center of reference in sports medicine . The main actors in the development of this strategy should be current private operators and foreign private companies in Andorra.
Education Cluster Promote innovative projects developed by young entrepreneurs Project
Education Cluster Three key actors Companies Students & Educational Centers • Access to innovative • Direct contact with innovative talent companies • Identify innovation • Innovation and creativity training opportunities for the educational centers • Visibility and networking • Creation of real innovative projects • Actions with a social • Stimulate new skills impact
Sports Cluster Key Sector in Andorra • 166 Companies • 63% of Andorra’s Sports Companies are members of the cluster
Andorra Living Lab
Andorra Living Lab
Camí de la Grau, Edifici Prat del Rull S/N, AD500 Andorra la Vella. Telèfon : +376 81 20 20 / Correu electrònic : info@actua.ad www.actua.ad
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