Principality of Andorra, is a sovereign landlocked microstate on the Iberian Peninsula, in the eastern Pyrenees. Believed to have been created by Charlemagne, Andorra was ruled by the count of Urgell until 988, when it was transferred to the Roman Catholic Diocese of Urgell. The present principality was formed by a charter in 1278. It is headed by two co-princes: the Bishop of Urgell in Catalonia, Spain and the President of France. Its capital and largest city is Andorra la Vella.
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Economy:
It is a developed and free market economy driven by finance, retail, and tourism. The country's gross domestic product (GDP) was US$3.66 billion in 2007. Attractive for shoppers from France and Spain as a free port, Andorra also has developed active summer and winter tourist resorts. With some 270 hotels and 400 restaurants, as well as many shops, the tourist trade employs a growing portion of the domestic labour force. An estimated 13 million tourists visit annually.
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