Andorra, officially the Principality of Andorra, also called the Principality of the Valleys of Andorra is a sovereign landlocked microstate in Southwestern Europe, located in the eastern Pyrenees mountains and bordered by Spain and France. Created under a charter in 988, the present principality was formed in 1278. It is known as a principality as it is a diarchy headed by two Co-Princes – the Catholic Bishop of Urgell in Spain, and the President of France.
Tourism, the mainstay of Andorra’s tiny, well-to-do economy, accounts for roughly 80% of GDP. An estimated 10.2 million tourists visit annually, attracted by Andorra’s duty-free status and by its summer and winter resorts.
One of the main sources of income in Andorra is tourism from ski resorts which total over 175 km (109 mi) of ski ground. The sport brings in over 7 million visitors and an estimated 340 million euros per year, sustaining 2,000 direct and 10,000 indirect jobs at present.