Economy, jobs and prices in La Palma (Canary Islands, Spain): official figures
GDP per person was 24,600 purchasing power standards (PPS) in 2023, 64% of the EU average (91% for Spain); 54th highest of 59 provinces in Spain.
How big is the economy of La Palma?
The local economy produced €1.9 billion of output (GDP) in 2023.
Source: Eurostat · saved copyHow many people work in La Palma?
About 32,600 people worked in La Palma in 2023 (employment by place of work).
Source: Eurostat · saved copyWhat is the average income in La Palma?
In 2024 the average resident of La Palma had a net income of €15,102, against €15,948 across Spain; that ranks La Palma 30th highest of the country's 59 provinces and islands.
Source: Instituto Nacional de Estadística (INE) · saved copyHow fast are incomes growing in La Palma?
Net income per person in La Palma rose 7.2% between 2023 and 2024 and has grown 77% since 2015 (from €8,536); that growth ranks the 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 La Palma?
The average household in La Palma had a net income of €40,452 in 2024 (€44,829 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 La Palma?
Median income per consumption unit, which adjusts for household size, was €18,550 in La Palma in 2024 (Spain: €19,950), 23rd lowest of 59; the mean was €22,647, so the median sat 18% below it.
Source: Instituto Nacional de Estadística (INE) · saved copyWhat is the main industry in La Palma?
The largest part of the economy of La Palma in 2023 was public administration, education, health and other services, at 32.0% of gross value added, followed by trade, transport, hospitality and communications (28.6%).
Source: Eurostat · saved copyHow industrial is La Palma?
Factories, mines and energy produced 6.1% of the value added in La Palma in 2023, against 16.1% for Spain.
Source: Eurostat · saved copyHow fast is the economy of La Palma growing?
Gross value added rose from €1.3 billion in 2015 to €1.8 billion in 2023 in current prices, an increase of 31% before inflation.
Source: Eurostat · saved copyWhat jobs do people do in La Palma?
Of the 32,600 jobs located in La Palma in 2023, 39% in public services, education, health and other services, 4% in industry and 8.0% in farming, forestry and fishing.
Source: Eurostat · saved copyAre jobs growing in La Palma?
The number of people working in La Palma rose by 18.1% between 2015 and 2023, to 32,600.
Source: Eurostat · saved copyMore figures
- Within the Canary Islands, net income per person in La Palma (€15,102 in 2024) was 4% above the regional average of €14,550, the highest of the region's 7 islands. Source: Instituto Nacional de Estadística (INE) · saved copy
- The median income per consumption unit in La Palma went from €10,850 in 2015 to €18,550 in 2024, a rise of 71%. Source: Instituto Nacional de Estadística (INE) · saved copy
How La Palma compares with other provinces in Spain
Net income per person (2024)
La Palma ranks 30 of 59, highest first.
| Rank | Area | Net income per person |
|---|---|---|
| 27 | Teruel | €15,364 |
| 28 | Tarragona | €15,296 |
| 29 | Valencia/València | €15,180 |
| 30 | La Palma | €15,102 |
| 31 | Lugo | €15,089 |
| 32 | Pontevedra | €15,002 |
| 33 | Gran Canaria | €14,992 |
Median income per consumption unit (2024)
La Palma ranks 37 of 59, highest first.
| Rank | Area | Median income per consumption unit |
|---|---|---|
| 34 | Lugo | €19,250 |
| 35 | Salamanca | €19,250 |
| 36 | Fuerteventura | €18,550 |
| 37 | La Palma | €18,550 |
| 38 | Ourense | €18,550 |
| 39 | Tenerife | €18,550 |
| 40 | Zamora | €18,550 |
Growth in net income per person since 2015 (2015-2024)
La Palma ranks 1 of 56, highest first.
| Rank | Area | Growth in net income per person since 2015 |
|---|---|---|
| 1 | La Palma | 76.9% |
| 2 | Eivissa y Formentera | 62.6% |
| 3 | Málaga | 58.1% |
| 4 | Lanzarote | 58.1% |
| 5 | Menorca | 57.2% |
| 6 | El Hierro | 56.1% |
| 7 | Tenerife | 55.9% |
Share of output from industry (manufacturing, mining and energy) (2023)
La Palma ranks 50 of 59, highest first.
| Rank | Area | Share of output from industry (manufacturing, mining and energy) |
|---|---|---|
| 47 | El Hierro | 7.4% |
| 48 | Gran Canaria | 7.1% |
| 49 | Tenerife | 6.6% |
| 50 | La Palma | 6.1% |
| 51 | Málaga | 6.1% |
| 52 | Almería | 6.1% |
| 53 | Mallorca | 5.5% |
Share of output from finance, property and business services (2023)
La Palma ranks 39 of 59, highest first.
| Rank | Area | Share of output from finance, property and business services |
|---|---|---|
| 36 | Guadalajara | 20.9% |
| 37 | Zamora | 20.6% |
| 38 | La Rioja | 20.4% |
| 39 | La Palma | 20.2% |
| 40 | Segovia | 20.1% |
| 41 | Badajoz | 20.1% |
| 42 | Salamanca | 20.0% |
Share of output from public administration, education, health and other services (2023)
La Palma ranks 5 of 59, highest first.
| Rank | Area | Share of output from public administration, education, health and other services |
|---|---|---|
| 2 | Melilla | 49.9% |
| 3 | El Hierro | 35.6% |
| 4 | Ávila | 32.1% |
| 5 | La Palma | 32.0% |
| 6 | Badajoz | 30.4% |
| 7 | La Gomera | 29.7% |
| 8 | Córdoba | 27.8% |
More on La Palma: overview · poverty and living standards · government budget · Canary 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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