| Tourism is the mainstay of Andorra's small but thriving economy, accounting for about 80% of the national revenues. Andorra's duty free status attracts some 9 million odd tourists each year. Andorra also houses some of the best summer and winter resorts. Andorra has recently lost its comparative advantage as France and Spain has joined it to provide broader availability of goods and lower the tariffs.
The banking sector also contributes a lot to the economy. Agricultural production is very limited and most of the food is imported. Domestic sheep rearing is the principal livestock activity. Cigarettes, cigars, and furniture constitute the major manufacturing output.
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