Page 53 - economic report 2021

bodies, where women’s wages exceed men’s, The gender pay gap widened
but this is a much less significant branch of to 28.5%.
employment in Andorra.

The major differences are still to be found in the financial sector, where the average wages of men
are 80% higher than women’s; in real estate activities, where they are 42% higher, and in health
& veterinary activities, where they are 36% higher. These data reflect the fact that men occupy
most of the higher-level jobs in these sectors. On the other hand, the smallest differences are in
education, agriculture and households employing domestic staff (where men’s wages are 10%-
11% higher than women’s).

The gender pay gap is also reflected in the Workforce Survey, according to which women
employees earn an average of €1,932 net per month, compared with €2,412 net for men, a
figure that represents a 19.9% difference, higher than in 2020 (-18.7%), although this is a smaller
gap than in the CASS data. One of the main reasons for these inequalities is that there are more
women working part-time and in less well-paid sectors of activity than men.

VII. The foreign sector

1. Foreign trade flows

51
2021 was marked by a decline in exports and a rise in imports, the opposite to the previous year
when the data was greatly affected by extraordinary increases in the branch of works of art and
antiques. Specifically, in 2021, total Andorran imports of goods grew 1.0% and exports shrank
1.8%. The coverage rate (exports/imports) reached 10.6%, the highest level in the historical series
if the atypical data from 2020 is ignored.

In absolute terms, exports reached €140.9 Exports are 24% higher than the 2019
million, the highest figure in the historical f gure whereas imports are st ll 4% lower.
series (excluding the 2020 data affected by an
extraordinary increase in the entry for works
of art and antiques) and 24% above the 2019 FOREIGN TRADE
level. In the case of imports, the total value Interannual variation rate (%) Chart 7.1
was €1,323.1 million, which is 4% lower than
the pre-pandemic figure.

In 2021, the trade def cit shrank
in relat on to 2019.

As can be seen, the volume of imports is The Andorran economy: general developments | VII. The foreign sector
traditionally much greater than exports. This
explains why the Andorran economy presents
a high trade deficit, due to the important Imports Exports
demand for imported consumer products (both (*) The 2020 data are af ected by an extraordinary increase in the entry of works
domestically and for tourism) and investment, of art and ant ques. If this chapter is excluded, imports would be 19.6% lower
which easily exceeds the value of Andorran (instead of -5%) and exports would vary by 0% (instead of +26.1%).
exports. In 2021, the trade deficit reached Source: Department of Tax and Front ers.