Balearic Islands

The Digitization Index (DiGiX) assesses the infrastructure, the level of adoption, and the institutional and market conditions that allow a country or region to take full advantage of information and communication technologies. It includes 17 Spanish regions and 99 countries, with comparable information available for 2019.

The economy of the Balearic Islands would have grown by 2.4% in 2018, is expected to advance by 2.2% in 2019 and moderate to 1.7% in 2020, linking seven consecutive years of economic recovery, with an average growth of 2.8% annually. This will add around 33,000 new jobs between the end of 2018 and 2020 and the unemployment rate shall drop to 9.5%.

The economy of the Balearic Islands grew 3.2% in 2016, and will still grow 2.6% in 2017 and 2.5% in 2018, creating some 32,000 new jobs in those two years, although some external factors’ contribution shall slow down. Recovering pre-crisis per capita income, and creating more and better jobs remain as challenges.

The Balearics grew by 3.2% in 2015 and became the first region capable of surpassing the pre-crisis level of employment. The growth will settle at around 3.2% in 2016 and 3.3% in 2017. This scenario will allow the creation of 46,000 jobs over the two year period.

Las Illes Balears aceleran la recuperación iniciada a mediados de 2013, consolidando la creación de empleo y a un ritmo más vivo que la media nacional. Un menor esfuerzo fiscal que en pasados ejercicios y la contribución del sector exterior serán los pilares de la aceleración del crecimiento. A medio plazo serán necesarias reformas encaminadas a revertir la tendencia negativa de la productividad y a afianzar la competitividad del sector turístico.

Balears mantiene un punto de diferencial de crecimiento con España, apoyada en el sector exterior