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In 2024, the Balearic Islands' GDP could have grown by 3.5%, and is expected to increase by 3.2% in 2025 and 1.6% in 2026. This strength is explained by foreign tourism, which remains strong but is approaching the limits of its capacity, and by domestic demand in which consumption is beginning to gain prominence.

Tourism and consumption continue to drive growth toward the Mediterranean and the islands in 2025, but the prospect of a slowdown persists toward 2026 in a context of high uncertainty that delays the acceleration of export-producing regions.

In 2024, prospects will improve, with service exporting communities benefiting most, while stagnant exports limit the progress of many industrial regions. In 2025, growth moderates and shifts to areas with less tourism weight.

Climate is a relevant factor in the choice of a tourist destination. Changes in climate conditions could alter the seasonal and geographical pattern of tourism in Spain, with the impact depending on the adaptation policies implemented.

In 2024, strength of employment and services exports, maintain dynamism in Madrid, the Mediterranean and the islands. In 2025, tourism will lose momentum. Higher European demand and the end of the drought will shift growth to regions with more industrial and agricultural relevance.

The GDP of the Balearic Islands could increase by 2.5% in 2024 and 1.7% in 2025, which would allow the creation of 28,000 new jobs in the region in the biennium

GDP growth in 2024 is revised downwards for all peninsular regions. Greater corrections in the northern regions, but they will lead growth in 2024. In 2025, a general acceleration due to the improvement in domestic consumption and European demand: advantage for national tourism recipients.

Without significant changes in the regional growth hierarchy in 2023. In 2024, external demand weakens the progress of activity, with a greater impact on the more open regions.