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- Source: Andorran official bodies
- Last updated: 2026-05-27
Andorra uses the euro as its official currency. Since 2011, when it signed a monetary agreement with the European Union. If you are coming from Spain, France, or any other eurozone country, You don't need to exchange moneyPrices are between 15% and 20% cheaper than in Spain thanks to the IGI of 4,5%, compared to the Spanish VAT rate of 21%. Card payments are accepted in virtually all establishments.
The Andorran tax system: why prices are lower
Andorra does not apply VAT. Instead, it has the IGI (Indirect General Tax)with rates much lower than those of neighboring countries:
| Guy | IGI Andorra | VAT Spain | TVA France | Application |
|---|---|---|---|---|
| Standard | 4,5% | 21% | 20% | Electronics, perfumes, clothing, services |
| Reduced | 1% | 10% | 5,5% | basic foodstuffs, transport, hospitality |
| Super-reduced | 0% | 4% | 2,1% | Medicines, books, newspapers |
| Special | 9,5% | — | — | Financial services, insurance, hotels |
This difference of up to 16.5 percentage points in the standard rate explains why prices in Andorra are significantly lower than in Spain or France.
History of the euro in Andorra
Before 2011, Andorra did not have its own official currency. The Principality used the French and the Spanish peseta In parallel, its economy has always been closely linked to its two neighbors. With the creation of the euro, Andorra continued to use both currencies de facto until 2011 It signed the Monetary Agreement with the European Union, which allows it to issue its own euro coins (with the Andorran coat of arms on the reverse) and use the euro as its official currency.
ATMs and banks in Andorra
Andorra has a network of approximately 150 ATMs distributed throughout the country. The main Andorran banks are:
- Crèdit Andorrà: the largest in the country, extensive ATM network
- MoraBanc: strong presence in Andorra la Vella and Escaldes
- AndbankPrivate and investment banking, also with retail ATMs
- BancSabadell AndorraA subsidiary of the Spanish bank, familiar to many visitors
European debit and credit cards (Visa, Mastercard) work without problems at all ATMs. Revolut, N26 and Wise They also work perfectly — in fact, they are a good option to avoid currency exchange fees if you are coming from outside the eurozone.
Card payments: what you should know
- Contactless: practically universal in shops, restaurants and hotels.
- Apple Pay and Google PayThey are very widespread. Most modern terminals support them.
- American Express: accepted in hotels and large establishments, but less common in small shops and restaurants.
- CashPreferred in markets, small shops in the old town, and souvenir stalls. Always carry some cash.
Indicative daily budget in Andorra
| Profile | Cost/day per person | Approximate breakdown |
|---|---|---|
| Budget | ~45 € | Hostel accommodation €25, set menu €12, bus transport €3, coffee/snack €5 |
| Half | ~95 € | Hotel 3★ €55, restaurant menu €20, activity/entrance €15, transport €5 |
| Comfortable | ~170 € | 4-star hotel €100, restaurant dinner €35, Caldea spa or activity €25, extras €10 |
| Luxury | ~300 €+ | Hotel 5★/spa €180+, gourmet restaurant €60+, Inúu €70+ |
Andorra vs Spain and France: day-to-day price differences
| Concept | Andorra | Spain (Barcelona) | France (Toulouse) |
|---|---|---|---|
| Coffee with milk | ~1,50 € | ~1,80 € | ~2,50 € |
| Set menu (3 courses) | ~12-15 € | ~13-16 € | ~16-20 € |
| Beer (draft/demi) | ~2 € | ~2,50 € | ~4 € |
| 3-star hotel night | ~60-90 € | ~80-130 € | ~80-120 € |
| Gasoline (1L unleaded) | ~1,15 € | ~1,65 € | ~1,80 € |
Are tips mandatory in Andorra?
Tipping is not mandatory in Andorra, but it is appreciated for good service. Andorran culture (with its French and Spanish influences) has this custom:
- RestaurantsRound up the bill or leave a 5-10% tip for good service. Tips are not expected in bars with set menus.
- Hotels: ~1-2 € per suitcase to the porter, ~2-5 € to the cleaning staff for long stays.
- TaxisRounding to the nearest euro is common practice.
- Ski or tour guides5-10 euros per person at the end of the day if the service was excellent.
Can I open a bank account in Andorra?
As touristIt is not possible to open an Andorran bank account. Andorran banks require residency or demonstrable economic ties to the Principality. resident or workerYes, you can open an account at any of the main banks by presenting your residence or work permit and proof of registration.
Also check out our guide to What to buy in Andorra and price comparison, the best restaurants in Andorra and the best hotels in Andorra.
Last updated: 2026-05-27
