Real Estate Agency Menorca+34 971 250 340
Price
Settings
Enter your email address to reset password.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply

Menorca

Stability and growth in the Balearic Islands' economy in 2018, according to BBVA

The Balearic Islands' economy will grow by 4.1% this year, according to a report by BBVA’s Research Department. The report places the Balearic Islands among the regions whose growth will surpass the national average, calculated at 2.5%.

The report also backs up predictions of growth in Spain’s GDP in 2018 and expects this recovery to continue into 2019, with an average increase of 2.3%. In the Balearic Islands, growth for this year is predicted at 2.6%. This Regional Observatory confirms that the growth will be more homogenous among autonomous regions due to a greater stability of growth in Mediterranean regions, which have benefitted most thanks to the momentum of domestic demand and the surge in tourism.