Episode Details

Andorra’s public debt took a major hit last year, plunging 1.6% to just over 30% of GDP — a stunning drop of 2.5 percentage points from the prior year. The government’s own debt fell too, and per-person debt shrank by 3.8%, signaling a strong fiscal turnaround. Both short- and long-term debt declined, with foreign debt leading the charge in reductions — even as bank and non-bank debt both saw slight decreases. This marks the lowest debt levels in five years, offering a promising sign for Andorra’s financial health.

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