Average and minimum salary in Andorra: let’s check the economic outlook and the wages in this small European nation
Have you thought about visiting, working or even investing in Andorra? The average and minimum salary in Andorra figures are useful resources for those considering visiting this beautiful country at the top of the Pyrenees.
Andorra is one of the smallest countries in Europe, and it is also one of the few landlocked nations in the continent. Despite its size, it has a striving economy, and receives a considerable number of visitors every year. Its low taxes and beautiful Pyrenees landscape also attract investors and retirees from abroad.
Minimum Salary in Andorra
Andorra has a minimum wage policy, and its figure is somewhat between the minimum salary in its neighbors: France and Spain. The minimum salary in Andorra is € 991,47. The data is accurate as of 2019, and the minimum salary in Andorra has not changed in the past 2 years.
Despite its size and characteristics, the salaries in Andorra are considerably lower than in other European nations, like San Marino, Liechtenstein or Luxembourg. You can check the Andorra minimum salary figures in the Andorran Social Security website (in Catalan).
Average Salary in Andorra
The average salary in Andorra is considerably higher than the minimum, at around € 2000 euros per month. However, those are gross figures, and taxes will eat a considerable part of it. According to this Andorran investment website(in Spanish), the average net salary in the country is of around 1600 euros.
Andorra has a very small population, and many of its workforce is comprised of foreigners. Many of them work in the thriving Andorran tourism sectors. Portuguese and Spanish nationals are in the top of the list of foreign workers in Andorra.
Andorra Economic Outlook
Andorra main economic sector is tourism. The country focuses on winter sports (it is known as the Pyrenees country) and also at shopping tourism.
The beautiful nature of Andorra and its unique status attracts visitors from all around the world, despite the fact it does not have an airport or a railway network. Andorra is not part of the European Union, and has lower sales taxes than both Spain and France. These favorable conditions help Andorra to fund its economy and maintain a high standard of living.
For foreigners willing to invest in the country, most opportunities are in the hospitality business. Trading of consumer goods, especially focused on retail sales for tourists is also a great business niche in the country.
Interesting Resources for Working and Living Abroad
Are you really considering to work and live abroad, temporarily or permanently? Below are some resources that might be useful for you around the web:
World Nomads: this company provides travel insurance in most countries around the world. It might be a good option if you going for a long travel.
Our Flight Search Tool: Compare and book flights around the world with our own flight search fare tool.
Booking.com: Booking.com is the best choice for finding accommodation for your next trip, with a wide variety of choices for all types of travelers.
You may also want to check our website guides:
Train Travel Guide: in our railway travel guide, you will learn how to choose and ride the most scenic train routes around the world. Travel always in the most comfortable way with optimal prices to enhance your travel experience.
Dating Guide: our dating guide will help you not only to find love but to understand the social customs of each country. It will also help you to avoid dating scams around the internet and find people really interested in honest relationships.
Work Abroad Guide: Learn how to find a job and employment requirements in different countries. From the initial job search, to bargaining salaries, this guide will help you to find job in most countries around the world. It also covers about remote work and TEFL jobs.