Illes Balears' economy grew by 3.2% in Q2 2025, doubling the EU average, driven by robust sector performance, record employment, and strong tourism spending despite inflation concerns.
The Balearic Islands’ booming economy contrasts sharply with a deepening housing affordability crisis, as residents need over 60 years to buy a home—double the national average.
Marga Prohens details a €3.8 billion plan to revamp the Balearic economy through infrastructure upgrades, tax reforms, affordable housing, and labor improvements.
Recent events in Galicia and the Balearic Islands highlight growing institutional support for social economy initiatives in Spain, emphasizing sustainability and job creation.