Economy, jobs and prices in Balearic Islands, Spain: official figures
GDP per person was 40,300 purchasing power standards (PPS) in 2024, 101% of the EU average; 6th highest of 19 autonomous communities in Spain. PPS adjust for price differences between countries.
How big is the economy of Balearic Islands?
The regional economy produced €44.7 billion of output (GDP at market prices) in 2024, 2.8% of Spain's GDP.
Source: Eurostat · saved copyWhat is the unemployment rate in Balearic Islands?
The unemployment rate (age 15 to 74) was 8.8% in 2025, against 10.5% for Spain and 6.0% across the EU; 10th highest of 19 autonomous communities in Spain.
Source: Eurostat · saved copyWhat is youth unemployment in Balearic Islands?
Youth unemployment (age 15 to 24) was 17.1% in 2025, against 24.9% for Spain; the lowest of 19 autonomous communities in Spain.
Source: Eurostat · saved copyHow much does Balearic Islands spend on research and development?
Spending on research and development came to 0.39% of GDP in 2024 (1.50% nationally).
Source: Eurostat · saved copyHow many people in Balearic Islands are long-term unemployed?
In 2025, 1.6% of the labour force in Balearic Islands had been unemployed for 12 months or more, compared with 3.4% nationally and 1.9% in the EU; the lowest of 19 autonomous communities in Spain. In 2015 it was 6.7%.
Source: Eurostat · saved copyWhat is the unemployment rate for women in Balearic Islands?
The unemployment rate for women in Balearic Islands was 9.3% in 2025, compared with 11.9% nationally and 6.2% in the EU; 8th lowest of 19 autonomous communities in Spain. In 2015 it was 17.3%.
Source: Eurostat · saved copyHow many women in Balearic Islands are in work?
72.0% of women aged 20 to 64 were in work in 2025, compared with 67.6% nationally and 71.3% in the EU; 5th highest of 19 autonomous communities in Spain. In 2015 it was 65.4%.
Source: Eurostat · saved copyIs the economy of Balearic Islands growing?
Output (gross value added, after inflation) changed by 4.6% in 2024, compared with 3.9% nationally; 3rd highest of 19 autonomous communities in Spain. In 2014 it was 2.8%.
Source: Eurostat · saved copyHow many cars are there in Balearic Islands?
Residents of Balearic Islands owned 616 cars per 1,000 people in 2024, compared with 543 nationally; 2nd highest of 19 autonomous communities in Spain. In 2014 it was 587.
Source: Eurostat · saved copyWhat is the average salary in Balearic Islands?
Employers paid an average of €25,193 per employee in 2024, counting wages, salaries and employer social contributions, against €25,604 across Spain; 6th highest of 19 autonomous communities in Spain.
Source: Eurostat · saved copyHow many tourists visit Balearic Islands?
Hotels, campsites and other tourist accommodation recorded 73.4 million nights in 2025, 91% of them by visitors from abroad.
Source: Eurostat · saved copyWhat is the main industry in Balearic Islands?
The largest part of the economy of Balearic Islands in 2024 was trade, transport, hospitality and communications, at 39.2% of gross value added, followed by finance, property and business services (28.3%).
Source: Eurostat · saved copyHow industrial is Balearic Islands?
Industry (manufacturing, mining and energy) made up 5.2% of output in 2024, against 15.6% for Spain.
Source: Eurostat · saved copyHow fast is the economy of Balearic Islands growing?
Gross value added rose from €26.0 billion in 2015 to €40.7 billion in 2024 in current prices, an increase of 56% before inflation.
Source: Eurostat · saved copyWhat jobs do people do in Balearic Islands?
Of the 567,700 jobs located in Balearic Islands in 2024, 29% in public services, education, health and other services, 5% in industry and 0.6% in farming, forestry and fishing.
Source: Eurostat · saved copyAre jobs growing in Balearic Islands?
The number of people working in Balearic Islands rose by 21.0% between 2015 and 2024, to 567,700.
Source: Eurostat · saved copyHow Balearic Islands compares with other autonomous communities
Long-term unemployment (% of labour force) (2025)
Balearic Islands ranks 19 of 19, highest first.
| Rank | Region | Long-term unemployment (% of labour force) |
|---|---|---|
| 13 | Navarre | 2.5% |
| 14 | Castilla y León | 2.3% |
| 15 | Basque Country | 2.3% |
| 16 | Aragón | 2.2% |
| 17 | Cantabria | 2.0% |
| 18 | La Rioja | 2.0% |
| 19 | Balearic Islands | 1.6% |
Unemployment rate, women (2025)
Balearic Islands ranks 12 of 19, highest first.
| Rank | Region | Unemployment rate, women |
|---|---|---|
| 9 | Aragón | 9.9% |
| 10 | Asturias | 9.9% |
| 11 | Castilla y León | 9.8% |
| 12 | Balearic Islands | 9.3% |
| 13 | La Rioja | 9.3% |
| 14 | Catalonia | 9.2% |
| 15 | Navarre | 9.1% |
Employment rate, women aged 20-64 (2025)
Balearic Islands ranks 5 of 19, highest first.
| Rank | Region | Employment rate, women aged 20-64 |
|---|---|---|
| 2 | La Rioja | 73.3% |
| 3 | Catalonia | 72.6% |
| 4 | Basque Country | 72.4% |
| 5 | Balearic Islands | 72.0% |
| 6 | Navarre | 70.8% |
| 7 | Galicia | 70.7% |
| 8 | Aragón | 70.3% |
Real growth in gross value added (2024)
Balearic Islands ranks 3 of 19, highest first.
| Rank | Region | Real growth in gross value added |
|---|---|---|
| 1 | Murcia | 5.0% |
| 2 | Canary Islands | 4.7% |
| 3 | Balearic Islands | 4.6% |
| 4 | Catalonia | 4.2% |
| 5 | Andalusia | 4.1% |
| 6 | Madrid | 4.0% |
| 7 | Castilla-La Mancha | 4.0% |
Passenger cars per 1,000 people (2024)
Balearic Islands ranks 2 of 19, highest first.
| Rank | Region | Passenger cars per 1,000 people |
|---|---|---|
| 1 | Extremadura | 631 |
| 2 | Balearic Islands | 616 |
| 3 | Ciudad de Melilla | 615 |
| 4 | Galicia | 611 |
| 5 | Canary Islands | 609 |
| 6 | Madrid | 606 |
| 7 | Castilla y León | 601 |
Compensation per employee (euros) (2024)
Balearic Islands ranks 6 of 19, highest first.
| Rank | Region | Compensation per employee (euros) |
|---|---|---|
| 3 | Catalonia | €27,376 |
| 4 | Navarre | €27,041 |
| 5 | Ciudad de Ceuta | €25,994 |
| 6 | Balearic Islands | €25,193 |
| 7 | Aragón | €25,127 |
| 8 | Asturias | €24,939 |
| 9 | Cantabria | €24,772 |
Nights spent in tourist accommodation (2025)
Balearic Islands ranks 4 of 19, highest first.
| Rank | Region | Nights spent in tourist accommodation |
|---|---|---|
| 1 | Canary Islands | 102.3 million |
| 2 | Catalonia | 89.8 million |
| 3 | Andalusia | 77.9 million |
| 4 | Balearic Islands | 73.4 million |
| 5 | Valencian Community | 54.7 million |
| 6 | Madrid | 33.0 million |
| 7 | Galicia | 13.5 million |
Share of output from industry (manufacturing, mining and energy) (2024)
Balearic Islands ranks 17 of 19, highest first.
| Rank | Region | Share of output from industry (manufacturing, mining and energy) |
|---|---|---|
| 13 | Valencian Community | 17.4% |
| 14 | Andalusia | 11.7% |
| 15 | Madrid | 8.2% |
| 16 | Canary Islands | 6.1% |
| 17 | Balearic Islands | 5.2% |
| 18 | Ciudad de Ceuta | 5.1% |
| 19 | Ciudad de Melilla | 3.3% |
Share of output from finance, property and business services (2024)
Balearic Islands ranks 2 of 19, highest first.
| Rank | Region | Share of output from finance, property and business services |
|---|---|---|
| 1 | Madrid | 34.2% |
| 2 | Balearic Islands | 28.3% |
| 3 | Catalonia | 27.7% |
| 4 | Valencian Community | 25.5% |
| 5 | Canary Islands | 24.9% |
| 6 | Asturias | 24.8% |
| 7 | Basque Country | 24.4% |
Share of output from public administration, education, health and other services (2024)
Balearic Islands ranks 18 of 19, highest first.
| Rank | Region | Share of output from public administration, education, health and other services |
|---|---|---|
| 13 | Valencian Community | 21.2% |
| 14 | Aragón | 21.1% |
| 15 | Galicia | 21.0% |
| 16 | Navarre | 20.1% |
| 17 | Madrid | 19.2% |
| 18 | Balearic Islands | 18.8% |
| 19 | Catalonia | 18.6% |
More on Balearic Islands: overview · health · education and schools · poverty and living standards · government budget · government and politics · Spain
Sources
- Eurostat: Eurostat dataset nama_10r_2gdp: GDP per person (purchasing power standards), read 23 October 2026 · saved copy (SHA-256 c21f724d14a6…)
- Eurostat: Eurostat dataset nama_10r_2gdp: GDP per person (euros), read 23 October 2026 · saved copy (SHA-256 537f99167955…)
- Eurostat: Eurostat dataset nama_10r_2gdp: GDP (million euros), read 23 October 2026 · saved copy (SHA-256 e3677c4e6d67…)
- Eurostat: Eurostat dataset lfst_r_lfu3rt: Unemployment rate (age 15-74), read 23 October 2026 · saved copy (SHA-256 13f5037ce93a…)
- Eurostat: Eurostat dataset lfst_r_lfu3rt: Youth unemployment rate (age 15-24), read 23 October 2026 · saved copy (SHA-256 83bb1aebc10b…)
- Eurostat: Eurostat dataset lfst_r_lfe2emprt: Employment rate (age 20-64), read 23 October 2026 · saved copy (SHA-256 03191283bf5f…)
- Eurostat: Eurostat dataset rd_e_gerdreg: Research and development spending (% of GDP), read 23 October 2026 · saved copy (SHA-256 36a9132b2284…)
- Eurostat: Eurostat dataset lfst_r_lfu3rt: Unemployment rates by sex, age, educational attainment level and NUTS 2 region, read 23 October 2026 · saved copy (SHA-256 ac151d8a46d5…)
- Eurostat: Eurostat dataset lfst_r_lfe2emprt: Employment rates by sex, age and NUTS 2 region, read 23 October 2026 · saved copy (SHA-256 51bfca80dc8b…)
- Eurostat: Eurostat dataset tran_r_vehst: Stock of vehicles by category and NUTS 2 region, read 23 October 2026 · saved copy (SHA-256 5adf37bcb393…)
- Eurostat: Eurostat dataset nama_10r_2gvagr: Real growth rate of regional gross value added (GVA) at basic prices by NUTS 2 region, read 23 October 2026 · saved copy (SHA-256 ba2c4bdc7c37…)
- Eurostat: Eurostat dataset nama_10r_3empers: Employment (thousand persons) by NUTS 3 region and industry, read 23 October 2026 · saved copy (SHA-256 222a97c302d3…)
- Eurostat: Eurostat dataset nama_10r_3gva: Gross value added at basic prices by NUTS 3 region and industry, read 23 October 2026 · saved copy (SHA-256 c656e8563bdf…)
- Eurostat: Eurostat dataset nama_10r_2coe: Compensation of employees by NUTS 2 region and industry, read 23 October 2026 · saved copy (SHA-256 895d7cc9e826…)
- Eurostat: Eurostat dataset tour_occ_nin2: Nights spent at tourist accommodation establishments by NUTS 2 region, read 23 October 2026 · saved copy (SHA-256 06f6a82909c0…)
- Eurostat: Eurostat dataset lfst_r_lfu2ltu: Long-term unemployment (12 months and more) by NUTS 2 region, read 23 October 2026 · saved copy (SHA-256 3d5d17a32863…)
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