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Andorra, Economy

pastoral farming, Tourists, revenue, timber, Tourism

Andorra’s economy was formerly based on pastoral farming and the processing of tobacco and timber. Tourism has boomed since the 1950s and now dominates the principality’s economic life. Tourists are drawn by the winter ski facilities, the cool summer climate, and the availability of duty-free goods. The Andorran government collects revenue through a small number of taxes and the sale of postage stamps. Immigration and investment have been encouraged by low tax rates.



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pastoral farming, Tourists, revenue, timber, Tourism, investment

 
 

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