Andorra's Economy Grows 2.6% in Q2 2026 on Services, Construction Surge

Andorra's economy expanded by 2.6% in real terms during the second quarter of 2026 compared to the same period a year earlier, propelled by gains in services and construction, according to figures released Friday by the Statistics Department.

The growth marked a quarter-on-quarter rise of 0.1% from the first quarter, with nominal GDP climbing 5.5% year-on-year. This came after a 3.3% interannual increase in the prior quarter.

Growth reached every major sector. Construction led with 6.1%—a small decline from 6.8% previously—followed by industry at 2.7%, up from 1.2%; agriculture at 2.2%; and services at 3%, a touch lower than 3.7%. Non-financial gross value added advanced 2.9%.

Services, which account for over 80% of GDP in recent years, showed varied subsector results. Financial, real estate, professional, and technical activities—45% of the sector's gross value added—rose 4.3%. Public administration, education, health, social work, and personal services, representing 23% of services' value added, grew 2.9%. Commerce, hospitality, transport, information, and communications, making up 31%, increased 1.2% and acted as a main driver, the department noted.

Andorra outperformed the European Union's 1.4% and France's 0.5% growth rates but trailed Spain's 2.7% by a slim margin. The data, issued by Gabriel Vázquez in Andorra la Vella, point to continued strength amid the slight quarterly slowdown.