Economy & Growth in Illes Balears 15 indicators covering economy & growth for Illes Balears. IndicatorLatest Year10-yr change Rank Gross domestic product (GDP) and Gross value added (GVA) in volume by 140.7 Index, 2020=100 2024 up 27.4% 1st Gross domestic product (GDP) at current market prices by NUTS 2 region 44,693 Million euro 2024 up 64.9% 214th Average annual population to calculate regional GDP data (thousand per 1,238 Thousand 2024 up 11.7% 311th Gross domestic product (GDP) at current market prices by NUTS 3 region 44,693 Million euro 2024 up 64.9% 282nd Gross value added at basic prices by NUTS 3 region 40,666 Current prices, million euro 2024 up 64.9% 276th Economic accounts for agriculture by NUTS 2 region - values at current 12.31 Million euro 2023 up 6.8% 256th Income quintile share ratio S80/S20 by NUTS 2 region 4.5 Index 2025 — 114th Agricultural land prices by region 21,390 Euro per hectare 2024 up 21.7% 86th Agricultural land renting prices for one year by region 108 Euro per hectare 2024 up 10.2% 166th Irrigation of agricultural holdings by utilised agricultural area, eco 167,530 Hectare 2020 down 7.5% 201st Farms and hectares by crops, utilised agricultural area, economic size 167,530 Hectare 2020 down 8.1% 201st Business demography by size class and NUTS 3 region 110,593 2020 up 13.6% 176th Business demography and high growth enterprise by NACE Rev. 2 and NUTS 110,593 2020 up 13.6% 176th Economic accounts for agriculture by NUTS 2 region 19.67 Million euro 2012 up 759.0% 286th Farmland: number of farms and areas by economic size of farm (ESU) and 314,860 Hectare 2007 down 11.0% 84th