Balearic Islands Balearic Islands

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  • Capital: Palma
  • Population: 1,232,270
  • Surface Area: 4,992 km2
  • Current Government: PSOE

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 1,232,270 people, it is ranked at 12th position by population of 19 autonomous communities and it is a densely populated autonomous community, with 245 people per km2.

Balearic Islands is holding the 12 position by nominal GDP, it was worth 26,789 millions of euros26,789 millions of dollars in 2020, and the GDP per capita was €22,048$25,085.

Its debt in 2021 was 9,005 millions of euros10,650 millions of dollars, (31.2% debt-to-GDP ratio) and its public debt per capita was €7,357 euros per inhabitant$8,701 dollars per inhabitant.

The last annual rate of CPI published in Balearic Islands was on October of 2022 and it was 7.3%.

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
Annual GDP [+]2020€26,789M
Annual GDP [+]2020$30,599M
GDP per capita [+]2020€22,048
GDP per capita [+]2020$25,085
Debt (M.€.) [+]20219,005
Debt ($M) [+]202110,650
Debt (%GDP) [+]202131.20%
Debt Per Capita [+]2021€7,357
Debt Per Capita [+]2021$8,701
Deficit (M.€) [+]2021338
Deficit ($M) [+]2021400
Deficit (%GDP) [+]20210.88%
S&P Rating [+]05/18/2018BBB+
Unemployment rate [+]2022Q35.8%
Unemployed [+]2022Q340K
US Dollar exchange rate [+]12/02/20220.9489
CPI (overall index) [+]October 20227.3%
PPI Year on Year [+]December 20170.6%
Money Market
Key rates [+]11/02/20222.00%
Doing Business [+]201515º
Passengers vehicles Year [+]June 201910,433
Annual Vehicles/ 1,000 p. [+]May 201836.04
Top tax rate + SSC [+]202148.5%
Annual arrivals [+]20216,324,711
Exports [+]2019€1,842.3M
Exports [+]2019$2,062.5M
Exports % GDP [+]20195.39%
Imports [+]2019€1,574.8M
Imports [+]2019$1,762.9M
Imports % GDP [+]20194.61%
Trade balance [+]2019€267.6M
Trade balance [+]2019$299.5M
Trade balance % GDP [+]20190.78%
Retail Sales YoY [+]October 20227.1%
Density [+]2021245
Crude divorce rate [+]20211.89‰
Birth Rate [+]20217.81‰
Crude death rate [+]20217.22‰
Fertility Rate [+]20211.13
Crude marriage rate [+]20213.58‰
% risk of poverty [+]202117.6%
Population [+]20221,232,270
HDI [+]20150.853
Life expectancy [+]202183.36
Suicides [+]202087
Suicide rate [+]20207.13
COVID-19 - Deaths [+]11/30/20221,603
COVID-19 - Confirmed [+]11/30/2022312,379
Fully vaccinated [+]12/01/2022915,167
COVID-19 - Deaths per million population [+]11/30/20221,309.68
Doses administered [+]12/01/20222,200,736

Resultados Electorales de Balearic Islands