Stable and growing economy
The Gross Domestic Product of Majorca experiences constant growth. After the global economic crisis suffered between 2008 and 2014, Majorca starts growing again and shows a high level of stability with an economic growth comparable to the great economic powers.
In 2015 the export figures for goods and services have shown an increase of 4.3%. Majorca has various economic focuses, the most remarkable being tourism with 80% and real estate with 15% in respect of the economic movement.
Majorca is one of the major tourist destinations in Europe with around 11.6 million of international tourists in 2015; a figure that is on the increase year after year.
The privileged location of Majorca and its excellent communication with the rest of Europe converts the island into an ideal platform for business and especially for the access to international markets. Majorca enjoys strategically a important position in the most dynamic area of Spain. The outstanding communication and privileged geographical location are confirmed by the great influx of visitors passing each year through Palma Airport (Sant Joan).