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Background For 715 years, from 1278 to 1993, Andorrans lived under a unique co-principality, ruled by French and Spanish leaders (from 1607 onward, the French chief of state and the Spanish bishop of Seu d'Urgell). In 1993, this feudal system was modified with the titular heads of state retained, but the government transformed into a parliamentary democracy. For decades Andorra enjoyed its status as a small refuge of fiscal and banking freedom and benefitted from Spanish and French tourists attracted to the country's duty-free shopping. The situation has changed in recent years as Andorra started to tax foreign investment and other sectors. Tourism accounts for over 80% of Andorra's gross domestic product. Population 84,525 (July 2010 est.) Government type 7 parishes (parroquies, singular - parroquia); Andorra la Vella, Canillo, Encamp, Escaldes-Engordany, La Massana, Ordino, Sant Julia de Loria Administrative divisions parliamentary democracy (since March 1993) that retains as its chiefs of state a coprincipality; the two princes are the president of France and bishop of Seu d'Urgell, Spain, who are represented in Andorra by the coprinces' representatives Independence Our Lady of Meritxell Day, 8 September (1278) International organization participation three vertical bands of blue (hoist side), yellow, and red, with the national coat of arms centered in the yellow band; the latter band is slightly wider than the other two so that the ratio of band widths is 8:9:8; the coat of arms features a quartered shield with the emblems of (starting in the upper left and proceeding clockwise): Urgell, Foix, Bearn, and Catalonia; the motto reads VIRTUS UNITA FORTIOR (Strength United is Stronger); the flag combines the blue and red French colors with the red and yellow of Spain to show Franco-Spanish protection Economy - overview Market value of publicly traded shares tourism (particularly skiing), cattle raising, timber, banking, tobacco, furniture Agriculture - products NA% Industries NA kWh Industrial production growth rate NA kWh Electricity - production NA kWh Oil - production Internet country code 59,100 (2008) WebCam