Page 99 - Economic report 2020

Chart 12.3
BUSINESS ACTIVITY - RETAIL TRADE

Total retail trade Food Clothing & footwear IT & electronics
Balance: Difference between opposing responses (positive and negative), as a percentage.
Source: Chamber of Commerce, Industry and Services of Andorra.

In 2022, the number of employees around €1,869. These positive labour market
in the retail sector grew 10%. data are complemented by a rise in the number
of retail establishments, to 1,435 (12 more
than in 2021), a higher figure than before the
pandemic. The fact that there are more establishments but fewer employees highlights that in
the new post-pandemic scenario, businesses are more digital and may need fewer workers on
average. Electricity consumption in the commercial distribution sector also increased by 3.0% (solely 97
FEDA data), which is added to the increase of the previous year (+10.3%). Another benchmark
indicator for analysing the trend in commerce is imports of goods, because most products sold
by Andorran retailers are imported. The trend in imports (by value) to Andorra was exceptionally
positive in 2022 (more than 29% more than the 2019 level), although this increase also reflects
the rising prices of products. All in all, the data show a better situation than in previous years
thanks to the recovery in private consumption and foreign visitors, but there are still structural
changes in the sector linked, above all, to the increase in on-line purchases, which may affect its
growth potential in the future.

SALES FIGURES COMPARED WITH THE SAME PERIOD IN THE PREVIOUS YEAR - RETAIL TRADE
Chart 12.4

Total retail trade Household equipment Vehicles and accessories Large retailers Andorran economy: developments in the main sectors | XII. Services

Balance: Difference between opposing responses (positive and negative), as a percentage.
Source: Chamber of Commerce, Industry and Services of Andorra.