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Balearic Islands latest publications
The improvement in health indicators and the relaxation of restrictions have reduced uncertainty and allowed a recovery in private spending and national tourism. The foregoing translates into generalized upward revisions in all regions in 2021, although with a different magnitude.
The digitization of the economy is an essential ingredient for sustainable growth and social welfare. A good digital transformation plan requires a diagnosis of the starting point. The Digitalization Index (DiGiX) is a tool that allows such a diagnosis for the Spanish regions.
The GDP of the Balearic Islands would have fallen by 18.0% in 2020 and is expected to increase by 8.0% in 2021 and 11.6% in 2022. The economy in 2021 will go from less to more with the improvement of the international environment, European funds, the progress of vaccination and the relaxation of restrictions.
Greenhose Gas Emissions shows a high heterogeneity across countries. Spain has been lowering its absolute emissions and its intensity in the last years. This document analizes in detail available data for GHG emissions of Spanish Autonomous Communities (AC).
From the second half of this year on, the progress in vaccination and larger investment related to NGEU funds shall push the recovery. In 2022, additionnally, expansive fiscal policies in Europe, Spain (and it´s autonomous communities) and the US shall push growth.
December 16, 2020
DiGiX: Digital transformation index for the Spanish Regions as a starting point for NGEU
The update of the digitization index for 2020, presents a baseline for economic policy makers in charge of designing digital transformation plans for the economy, within the NGEU framework. It indicates innovation and productivity aspects to be promoted as well as the ones that are lagging behind to be supported.
The GDP of the Balearic Islands may shrink by 20% this year and grow by 10.5% in 2021, losing 35,000 jobs. The impact of the crisis was heterogeneous during the first semester, as with the recovery. Public policies allow for less job destruction, but risks push the perspectives downward.
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.