Current Account Balance: Andorra
Andorra's current account balance is currently 15.3 % of GDP as of 2026. # Andorra Current Account Balance Andorra's current account balance stands at 15.
Current (2026)
15.3 % of GDP
+0.7% y/y
Peak (2019)
18 % of GDP
Low (2022)
11.6 % of GDP
Source
IMF World Economic Outlook
2019–2026 · 12 pts
Current Account Balance — Andorra
2019 — 2026
Current Account Balance — Andorra
Analysis# Andorra Current Account Balance
Andorra's current account balance stands at 15.3% of GDP in 2026, representing a notable decline from its all-time peak of 18% in 2019. The country's external position remains substantially above its recent low of 11.6% in 2022, indicating recovery from that trough. Overall, the current account has contracted by 15% since 2019, reflecting shifts in Andorra's trade dynamics and economic structure over the past seven years.
The most significant turning point occurred in 2022, when the current account dropped to its lowest level on record. Since then, a steady recovery has taken hold, with the balance climbing from 11.6% to 15.3% across 2023–2026. The recent trajectory suggests stabilization around the 15% mark, with minimal fluctuations expected through 2026. This recovery pattern indicates strengthening external competitiveness following the 2022 disruption.
Historical Data
12 Rows| Year | Value | Change % |
|---|---|---|
| 2030 | 15.4 % of GDP | +0.00% |
| 2029 | 15.4 % of GDP | +0.65% |
| 2028 | 15.3 % of GDP | +0.00% |
| 2027 | 15.3 % of GDP | +0.00% |
| 2026 | 15.3 % of GDP | +0.66% |
| 2025 | 15.2 % of GDP | +1.33% |
| 2024 | 15 % of GDP | +5.63% |
| 2023 | 14.2 % of GDP | +22.41% |
| 2022 | 11.6 % of GDP | -22.67% |
| 2021 | 15 % of GDP | -3.23% |
| 2020 | 15.5 % of GDP | -13.89% |
| 2019 | 18 % of GDP | — |
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