Balearic Islands Balearic Islands

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  • Capital: Palma
  • Population: 1,231,487
  • Surface Area: 4,992 km2
  • Current Government: PP

Balearic Islands, is a autonomous community of Spain, it has an area of 4,992 Km2, so it is one of the smallest autonomous communities in Spain.

Balearic Islands, with a population of 1,231,487 people, it is ranked at 12th position by population of 19 autonomous communities and it is a densely populated autonomous community, with 247 people per km2.

Balearic Islands is holding the 12 position by nominal GDP, it was worth 35,465 millions of euros35,465 millions of dollars in 2022, and the GDP per capita was €29,603$30,932.

Its debt in 2023 was 8,579 millions of euros9,277 millions of dollars, (22.3% debt-to-GDP ratio) and its public debt per capita was €6,967 euros per inhabitant$7,533 dollars per inhabitant.

The last annual rate of CPI published in Balearic Islands was on April of 2024 and it was 3.6%.

In the tables at the bottom of the page, you can see more information about the economy and demography of Balearic Islands, if you want to see information about other autonomous communities click economy of the autonomous communities of Spain

Palma: Monthly Temp.
Palma: Monthly Rainfall
Balearic Islands Economy
Gouvernement
Annual GDP [+]2022€35,465M
Annual GDP [+]2022$37,345M
GDP per capita [+]2022€29,603
GDP per capita [+]2022$30,932
Debt (M.€.) [+]20238,579
Debt ($M) [+]20239,277
Debt (%GDP) [+]202322.30%
Debt Per Capita [+]2023€6,967
Debt Per Capita [+]2023$7,533
Deficit (M.€) [+]2023178
Deficit ($M) [+]2023192
Deficit (%GDP) [+]20230.46%
S&P Rating [+]05/18/2018BBB+
Labour
Unemployment rate [+]2023Q411.4%
Unemployed [+]2023Q475K
Markets
US Dollar exchange rate [+]05/24/20240.9225
Prices
CPI (overall index) [+]April 20243.6%
PPI Year on Year [+]December 20170.6%
Money Market
Key rates [+]09/20/20234.50%
Business
Doing Business [+]201515º
Passengers vehicles Year [+]June 201910,433
Annual Vehicles/ 1,000 p. [+]May 201836.04
Taxes
Top tax rate + SSC [+]202249.5%
Trade
Annual arrivals [+]202314,424,512
Exports [+]2019€1,842.3M
Exports [+]2019$2,062.5M
Exports % GDP [+]20195.43%
Imports [+]2019€1,574.8M
Imports [+]2019$1,762.9M
Imports % GDP [+]20194.64%
Trade balance [+]2019€267.6M
Trade balance [+]2019$299.5M
Trade balance % GDP [+]20190.79%
Retail Sales YoY [+]December 20235.6%
Socio-Demography
Density [+]2023247
Crude divorce rate [+]20221.87‰
Birth Rate [+]20227.58‰
Crude death rate [+]20227.78‰
Fertility Rate [+]20221.11
Crude marriage rate [+]20224.39‰
% risk of poverty [+]202315.3%
Population [+]20231,231,487
HDI [+]20150.853
Life expectancy [+]202282.90
Suicides [+]202087
Suicide rate [+]20207.13
Others
COVID-19 - Deaths [+]07/04/20231,662
COVID-19 - Confirmed [+]05/31/2023317,028
Fully vaccinated [+]05/24/2023915,376
COVID-19 - Deaths per million population [+]07/04/20231,358.18
Doses administered [+]05/24/20232,230,472

Resultados Electorales de Balearic Islands