• Capital: Palma
  • Population: 1,244,394
  • 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 1,244,394 people, it is ranked at 12th position by population of 19 autonomous communities and it is a densely populated autonomous community, with 249 people per km2.

Balearic Islands is holding the 11 position by nominal GDP, it was worth 42,084 millions of euros42,084 millions of dollars in 2023, and the GDP per capita was €34,381$36,919.

Its debt in 2024 was 8,426 millions of euros9,121 millions of dollars, (18.8% debt-to-GDP ratio) and its public debt per capita was €6,772 euros per inhabitant$7,329 dollars per inhabitant.

The last annual rate of CPI published in Balearic Islands was on March of 2025 and it was 2.9%.

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 [+]2023€42,084M
Annual GDP [+]2023$45,505M
GDP per capita [+]2023€34,381
GDP per capita [+]2023$36,919
Debt (M.€.) [+]20248,426
Debt ($M) [+]20249,121
Debt (%GDP) [+]202418.80%
Debt Per Capita [+]2024€6,772
Debt Per Capita [+]2024$7,329
Deficit (M.€) [+]2024114
Deficit ($M) [+]2024123
Deficit (%GDP) [+]20240.26%
S&P Rating [+]05/18/2018BBB+
Labour
Unemployment rate [+]2025Q114.8%
Unemployed [+]2025Q196K
Markets
US Dollar exchange rate [+]04/30/20250.8793
Prices
CPI (overall index) [+]March 20252.9%
PPI Year on Year [+]March 202532.6%
Money Market
Key rates [+]04/23/20252.40%
Business
Doing Business [+]201515º
IPI Year on Year [+]February 20252.9%
Passengers vehicles Year [+]March 202523,264
Annual Vehicles/ 1,000 p. [+]May 201836.04
Taxes
Top tax rate + SSC [+]202449.3%
Trade
Annual arrivals [+]202415,306,313
Exports [+]2019€1,842.3M
Exports [+]2019$2,062.5M
Exports % GDP [+]20195.36%
Imports [+]2019€1,574.8M
Imports [+]2019$1,762.9M
Imports % GDP [+]20194.58%
Trade balance [+]2019€267.6M
Trade balance [+]2019$299.5M
Trade balance % GDP [+]20190.78%
Retail Sales YoY [+]March 20251.4%
Socio-Demography
Density [+]2024249
Crude divorce rate [+]20231.74‰
Birth Rate [+]20237.16‰
Crude death rate [+]20237.08‰
Fertility Rate [+]20231.05
Crude marriage rate [+]20234.43‰
% risk of poverty [+]202411.3%
Population [+]20241,244,394
HDI [+]20150.853
Life expectancy [+]202383.71
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 [+]07/04/20231,357.83
Doses administered [+]05/24/20232,230,472

Resultados Electorales de Balearic Islands