Economy, jobs and prices in Mallorca (Balearic Islands, Spain): official figures
GDP per person was 39,400 purchasing power standards (PPS) in 2023, 103% of the EU average (91% for Spain); 9th highest of 59 provinces in Spain.
How big is the economy of Mallorca?
The local economy produced €33.3 billion of output (GDP) in 2023.
Source: Eurostat · saved copyHow many people work in Mallorca?
About 441,000 people worked in Mallorca in 2023 (employment by place of work).
Source: Eurostat · saved copyWhat is the average income in Mallorca?
Net income averaged €16,954 per resident on the island of Mallorca in 2024, 106% of the Spanish average of €15,948 and 9th highest of Spain's 59 provinces and islands.
Source: Instituto Nacional de Estadística (INE) · saved copyHow fast are incomes growing in Mallorca?
Net income per person in Mallorca rose 6.6% between 2023 and 2024 and has grown 51% since 2015 (from €11,237); that growth ranks 22nd fastest of 56 among the provinces and islands with figures back to 2015.
Source: Instituto Nacional de Estadística (INE) · saved copyWhat is the average household income in Mallorca?
The average household in Mallorca had a net income of €47,149 in 2024 (€59,418 before tax and social security contributions), compared with €40,605 for Spain.
Source: Instituto Nacional de Estadística (INE) · saved copyWhat is the median income in Mallorca?
Median income per consumption unit, which adjusts for household size, was €22,050 in Mallorca in 2024 (Spain: €19,950), 9th highest of 59; the mean was €25,788, so the median sat 14% below it.
Source: Instituto Nacional de Estadística (INE) · saved copyWhat is the main industry in Mallorca?
The largest part of the economy of Mallorca in 2023 was trade, transport, hospitality and communications, at 36.2% of gross value added, followed by finance, property and business services (30.0%).
Source: Eurostat · saved copyHow industrial is Mallorca?
Industry (manufacturing, mining and energy) made up 5.5% of output in 2023, against 16.1% for Spain.
Source: Eurostat · saved copyHow fast is the economy of Mallorca growing?
Gross value added rose from €21.0 billion in 2015 to €30.4 billion in 2023 in current prices, an increase of 44% before inflation.
Source: Eurostat · saved copyWhat jobs do people do in Mallorca?
Of the 441,000 jobs located in Mallorca in 2023, 31% 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 Mallorca?
The number of people working in Mallorca rose by 17.0% between 2015 and 2023, to 441,000.
Source: Eurostat · saved copyMore figures
- Within the Balearic Islands, net income per person in Mallorca (€16,954 in 2024) was 1% below the regional average of €17,158, the lowest of the region's 3 islands. Source: Instituto Nacional de Estadística (INE) · saved copy
- The median income per consumption unit in Mallorca went from €15,050 in 2015 to €22,050 in 2024, a rise of 47%. Source: Instituto Nacional de Estadística (INE) · saved copy
How Mallorca compares with other provinces in Spain
Net income per person (2024)
Mallorca ranks 9 of 59, highest first.
| Rank | Area | Net income per person |
|---|---|---|
| 6 | Barcelona | €17,884 |
| 7 | Navarra | €17,701 |
| 8 | Menorca | €17,490 |
| 9 | Mallorca | €16,954 |
| 10 | Burgos | €16,879 |
| 11 | Asturias | €16,646 |
| 12 | Valladolid | €16,620 |
Median income per consumption unit (2024)
Mallorca ranks 9 of 59, highest first.
| Rank | Area | Median income per consumption unit |
|---|---|---|
| 6 | Madrid | €23,450 |
| 7 | Barcelona | €22,750 |
| 8 | Burgos | €22,050 |
| 9 | Mallorca | €22,050 |
| 10 | Menorca | €22,050 |
| 11 | Asturias | €21,350 |
| 12 | Huesca | €21,350 |
Growth in net income per person since 2015 (2015-2024)
Mallorca ranks 22 of 56, highest first.
| Rank | Area | Growth in net income per person since 2015 |
|---|---|---|
| 19 | Huelva | 51.9% |
| 20 | Albacete | 51.6% |
| 21 | Cuenca | 51.2% |
| 22 | Mallorca | 50.9% |
| 23 | Zamora | 50.7% |
| 24 | Cáceres | 49.9% |
| 25 | Alicante/Alacant | 49.8% |
Share of output from industry (manufacturing, mining and energy) (2023)
Mallorca ranks 53 of 59, highest first.
| Rank | Area | Share of output from industry (manufacturing, mining and energy) |
|---|---|---|
| 50 | La Palma | 6.1% |
| 51 | Málaga | 6.1% |
| 52 | Almería | 6.1% |
| 53 | Mallorca | 5.5% |
| 54 | Ceuta | 5.2% |
| 55 | Lanzarote | 4.9% |
| 56 | La Gomera | 4.8% |
Share of output from finance, property and business services (2023)
Mallorca ranks 2 of 59, highest first.
| Rank | Area | Share of output from finance, property and business services |
|---|---|---|
| 1 | Madrid | 34.2% |
| 2 | Mallorca | 30.0% |
| 3 | Málaga | 29.0% |
| 4 | Barcelona | 29.0% |
| 5 | Alicante/Alacant | 26.7% |
| 6 | Tenerife | 26.5% |
| 7 | Bizkaia | 26.2% |
Share of output from public administration, education, health and other services (2023)
Mallorca ranks 47 of 59, highest first.
| Rank | Area | Share of output from public administration, education, health and other services |
|---|---|---|
| 44 | Valencia/València | 20.4% |
| 45 | Almería | 20.4% |
| 46 | Lleida | 20.2% |
| 47 | Mallorca | 20.0% |
| 48 | Navarra | 19.8% |
| 49 | Fuerteventura | 19.5% |
| 50 | Huesca | 19.4% |
More on Mallorca: overview · poverty and living standards · government budget · Balearic Islands · Spain
Sources
- Eurostat: Eurostat dataset nama_10r_3gdp: GDP per person, PPS (NUTS 3), read 23 October 2026 · saved copy (SHA-256 3bf0fc662f56…)
- Eurostat: Eurostat dataset nama_10r_3gdp: GDP, million euros (NUTS 3), read 23 October 2026 · saved copy (SHA-256 096e15e5fdb3…)
- Eurostat: Eurostat dataset nama_10r_3empers: Employment, thousand people (NUTS 3), read 23 October 2026 · saved copy (SHA-256 664e4e3a6dc0…)
- 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…)
- Instituto Nacional de Estadística (INE): Atlas de Distribución de Renta de los Hogares (ADRH) 2024: indicadores de renta media y mediana por provincias e islas, 2015-2024 (table 53689), read 23 October 2026 · saved copy (SHA-256 883851a1be5e…)
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