Many in Spain do not believe that the country has actually left recession. To some extent they may be right, with unemployment at record high levels despite good economic growth. The official figures paint a picture of a country which is slowly prospering but still has major economic problems. But there is one exception. The Balearics continues to outperform the rest of the country. House prices fell on the mainland but rose in the Balearics. Retail sales were slow on the mainland but increased sharply in the Balearics. Unemployment increases on the mainland; drops in the Balearics. The list goes on. It is evident that we are living in one of the most sought-after places in the country and you can tell. The economy is in a far better shape than many parts of the mainland. I have noticed a major pick-up in the Balearic economy over the last 12 months. You have to reserve a table at restaurants again even during the week; shop special offers disappear within hours rather than days. There is a so-called feelgood factor on the high street. With the prospect of a fantastic holiday season on the horizon, things can only get better as they say. One thing’s for sure is that the islands will continue to outshine the rest of the country for the simple reason that we live in a very special place. In the same way as these islands escaped the worst part of the Spanish recession we are now leading it out.


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Sean Dobson / Hace over 3 years

Well,Jason,that might be the view from Palma but when I was last in Santa Ponsa in September,it was a very different story,the Square was more than half-empty although it's true to say that the entertainment provided now is third-rate at best,I saw very few restaurants full and many of the bars were definitely struggling,few boat trips were leaving full and the medieval market set up for the Moors and Christians fiesta was struggling compared to previous years and stall holders that were there in previous years had not returned. There were lots of people about but they did not seem to be spending.


Steve Riches / Hace over 3 years

Sorry about the missing "t" below. This site needs an edit system.


Steve Riches / Hace over 3 years

Directly or indirectly, at least 75% of this island's income is derived from tourism. The upturn in the economy is tied to the wealth brought by visitors. I know, let's thank all our valued visitors by insigating a tourist tax!