Net lending (+) / net borrowing (-) in Andorra
Andorra: Net lending (+) / net borrowing (-) was 2.3% in 2024. ◆ Volatile
Net lending (+) / net borrowing (-) in Andorra, 2018–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
In 2024, net lending (+) / net borrowing (-) in Andorra stood at 2.3%.
The figure is up 15.1% on the previous year and down 4.0% over ten years.
That places Andorra 18th out of 156 countries with data for 2024, putting it in the top quarter.
Net lending (+) / net borrowing (-) in Andorra, year by year
| Year | % of GDP | Change |
|---|---|---|
| 2018 | 2.4% | — |
| 2019 | 1.3% | -44.5% |
| 2020 | -3.1% | -339.4% |
| 2021 | -1.8% | -42.6% |
| 2022 | 2.7% | -251.2% |
| 2023 | 2.0% | -27.7% |
| 2024 | 2.3% | +15.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 1.8% | 1.3% | 2.4% | 2 |
| 2020s | 0.4% | -3.1% | 2.7% | 5 |
Countries ranked near Andorra
More public sector data for Andorra
- Tax revenue 15.6% (2024)
- Taxes on income, profits and capital gains 19.4% (2024)
- Taxes on goods and services 22.8% (2024)
- Net investment in nonfinancial assets 1.7% (2024)
- Interest payments 1.5% (2024)
- Grants and other revenue 13.2% (2024)
- Taxes on international trade 10.1% (2024)
- Revenue, General government, Percent of GDP 39.75 (2030)
- Tax revenue (current LCU), gaps filled 581.74 million current LCU (2024)
- Expenditure, General government, Percent of GDP 37.4 (2030)
Frequently asked questions
- What is net lending (+) / net borrowing (-) in Andorra?
- Net lending (+) / net borrowing (-) in Andorra was 2.3% in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest net lending (+) / net borrowing (-) recorded in Andorra?
- The highest recorded value was 2.7% in 2022.
- What is the lowest net lending (+) / net borrowing (-) recorded in Andorra?
- The lowest recorded value was -3.1% in 2020.
- How does Andorra rank for net lending (+) / net borrowing (-)?
- Andorra ranks 18th out of 156 countries with data for 2024.
- Is net lending (+) / net borrowing (-) rising or falling in Andorra?
- Over the last ten years it is down 4.0%. The long-run trend across the full record is volatile.
- Where does this Andorra data come from?
- The figures come from Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Net lending (+) / net borrowing (-) (% of GDP). Statizoid updates them automatically from the source API.
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About this data
Net lending (+) / net borrowing (–) equals government revenue minus expense, minus net investment in nonfinancial assets. It is also equal to the net result of transactions in financial assets and liabilities. Net lending/net borrowing is a summary measure indicating the extent to which government is either putting financial resources at the disposal of other sectors in the economy or abroad, or utilizing the financial resources generated by other sectors in the economy or from abroad. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.