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

Andorra's economy grew 2.6% in real terms during the second quarter of 2026 compared to the prior year, driven primarily by services and construction, as reported by the Statistics Department on Friday.

The expansion represented a modest quarter-on-quarter increase of 0.1% from the first quarter, while nominal GDP rose 5.5% year-on-year. This followed a 3.3% interannual gain in the previous period.

Every major sector recorded positive growth. Construction achieved the strongest performance at 6.1%, a slight dip from 6.8% earlier. Industry improved to 2.7% from 1.2%, agriculture advanced 2.2%, and services increased 3%, down marginally from 3.7%. Non-financial gross value added rose 2.9%.

Services, representing more than 80% of GDP in recent years, displayed mixed results across subsectors. Financial, real estate, professional, and technical activities—accounting for 45% of the economy—led with 4.3% growth. Public administration, education, health, social, and personal services, which make up 23% of services' gross value added, gained 2.9%. Commerce, hospitality, transport, information, and communications, comprising 31% of services' value added, rose 1.2% and served as a key accelerator, according to the department.

Relative to neighbours, Andorra's performance exceeded the European Union's 1.4% and France's 0.5%, while matching closely with Spain's 2.7%. The figures, released by Gabriel Vázquez in Andorra la Vella, reflect ongoing positive momentum despite the quarterly easing.