PESTLE analysis a useful tool for understanding the ‘big picture’ of the environment in which an organisation is operating and is the abbreviation for - Political, Economic, Sociological, Technological, Legal, and Environmental. PESTLE analysis is a useful tool for understanding risks associated with market (the need for a product or service) growth or decline, and as such the position, potential and direction for an individual business or organisation.
PESTLE Analysis – ANDORRA
The Principality of Andorra, the highest country in Europe, is located on the Mediterranean slope of the Western Pyrenees, between two countries of the European Union: France and Spain. Andorra is a mountainous country with narrow valleys. It has a surface area of 468 km2 and an average altitude of over 1,996 metres.
The capital is Andorra la Vella. The country is divided into seven administrative districts or parishes: Canillo, Ordino, La Massana, Encamp, Andorra la Vella, Sant Julià and Escaldes-Engordany and the country entire population is 85,105 inhabitants. 32,962 are Andorran, the rest are foreigners, mainly Spanish (26,688), Portuguese (13,100), French (50,879) and British (1,117).
The official language of Andorra is Catalan; however, Spanish and French are also used on a regular basis due to geographic proximity and cultural, historic and economic exchanges. English is used in commercial and financial activities.
Political Scenario:
Historically, Andorra has enjoyed a traditional government and political statutes. Based on the Agreements signed at the end of the 13th century, the valleys were positioned under the personal, joint and indivisible sovereignty of the Bishop of Urgell and the Count of Foix, presently represented by the President of the French Republic. Apart from being the only Co-Heads of State in the world, the Co-Princes - as they are known - are the world's only monarchs appointed by foreigners. Andorra has no control over who