Gross domestic product (GDP) at current market prices by NUTS 2 region in Illes Balears
Illes Balears: Gross domestic product (GDP) at current market prices by NUTS 2 region was 44,693 Million euro in 2024. ▲ Rising
Latest (2024)
44,693 Million euro
Change on year
up 7.7%
Rank
212th
of 372 regions
All-time high
44,693 Million euro
in 2024
All-time low
16,505 Million euro
in 2000
Years of data
25
2000–2024
Gross domestic product (GDP) at current market prices by NUTS 2 region in Illes Balears, 2000–2024
Source: Eurostat. Measured in Million euro.
Analysis
In 2024, gross domestic product (gdp) at current market prices by nuts 2 region in Illes Balears stood at 44,693 Million euro. That is the highest value across all 25 years on record.
The figure is up 7.7% on the previous year and up 64.9% over ten years.
Over the whole period, gross domestic product (gdp) at current market prices by nuts 2 region in Illes Balears peaked at 44,693 Million euro in 2024 and was at its lowest, 16,505 Million euro, in 2000.
Illes Balears ranks 212th of 372 regions on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 25 years of available data.
Gross domestic product (GDP) at current market prices by NUTS 2 region in Illes Balears, year by year
| Year | Million euro | Change |
|---|---|---|
| 2000 | 16,505 Million euro | — |
| 2001 | 17,868 Million euro | +8.3% |
| 2002 | 18,912 Million euro | +5.8% |
| 2003 | 19,868 Million euro | +5.1% |
| 2004 | 21,228 Million euro | +6.8% |
| 2005 | 22,962 Million euro | +8.2% |
| 2006 | 24,935 Million euro | +8.6% |
| 2007 | 26,750 Million euro | +7.3% |
| 2008 | 27,892 Million euro | +4.3% |
| 2009 | 26,770 Million euro | -4.0% |
| 2010 | 26,797 Million euro | +0.1% |
| 2011 | 26,646 Million euro | -0.6% |
| 2012 | 26,224 Million euro | -1.6% |
| 2013 | 26,228 Million euro | +0.0% |
| 2014 | 27,109 Million euro | +3.4% |
| 2015 | 28,654 Million euro | +5.7% |
| 2016 | 30,233 Million euro | +5.5% |
| 2017 | 31,746 Million euro | +5.0% |
| 2018 | 33,186 Million euro | +4.5% |
| 2019 | 34,351 Million euro | +3.5% |
| 2020 | 26,669 Million euro | -22.4% |
| 2021 | 30,512 Million euro | +14.4% |
| 2022 | 37,189 Million euro | +21.9% |
| 2023 | 41,502 Million euro | +11.6% |
| 2024 | 44,693 Million euro | +7.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 22,369 Million euro | 16,505 Million euro | 27,892 Million euro | 10 |
| 2010s | 29,117 Million euro | 26,224 Million euro | 34,351 Million euro | 10 |
| 2020s | 36,113 Million euro | 26,669 Million euro | 44,693 Million euro | 5 |
More economy & growth data for Illes Balears
- Gross domestic product (GDP) and Gross value added (GVA) in volume by 140.7 Index, 2020=100 (2024)
- Average annual population to calculate regional GDP data (thousand) 1,238 Thousand (2024)
- Gross domestic product (GDP) at current market prices by NUTS 3 region 44,693 Million euro (2024)
- Gross value added at basic prices by NUTS 3 region 40,666 Current prices, million euro (2024)
- Economic accounts for agriculture by NUTS 2 region - values at 12.31 Million euro (2023)
- Income quintile share ratio S80/S20 by NUTS 2 region 4.5 Index (2025)
- Agricultural land prices by region 21,390 Euro per hectare (2024)
- Agricultural land renting prices for one year by region 108 Euro per hectare (2024)
- Irrigation of agricultural holdings by utilised agricultural area 167,530 Hectare (2020)
- Farms and hectares by crops, utilised agricultural area, economic 167,530 Hectare (2020)
Frequently asked questions
- What is gross domestic product (gdp) at current market prices by nuts 2 region in Illes Balears?
- Gross domestic product (gdp) at current market prices by nuts 2 region in Illes Balears was 44,693 Million euro in 2024, according to Eurostat.
- What is the highest gross domestic product (gdp) at current market prices by nuts 2 region recorded in Illes Balears?
- The highest recorded value was 44,693 Million euro in 2024.
- What is the lowest gross domestic product (gdp) at current market prices by nuts 2 region recorded in Illes Balears?
- The lowest recorded value was 16,505 Million euro in 2000.
- How does Illes Balears rank for gross domestic product (gdp) at current market prices by nuts 2 region?
- Illes Balears ranks 212th out of 372 regions with data for 2024.
- Is gross domestic product (gdp) at current market prices by nuts 2 region rising or falling in Illes Balears?
- Over the last ten years it is up 64.9%. The long-run trend across the full record is rising.
- Where does this Illes Balears data come from?
- The figures come from Eurostat, published as part of Gross domestic product (GDP) at current market prices by NUTS 2 region. Statizoid updates them automatically from the source API.
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