Balearic nautical firms generate a volume of business of 74'200 million pesetas a year, 39 per cent of the gross domestic product of the islands' industrial sector and 2.8 per cent of the entire Balearic gross domestic product. This was the result of a report on the nautical sector, co-ordinated by the Chamber of Commerce and PIMEM, the business assocation, and presented by tourism minister Celesti Alomar. The report also said that 47 per cent of the volume of business was exported to European Union countries and 11 per cent to countries outside the EU. The sector provides 26 per cent of the jobs in the industrial sector and 2.5 per cent of all the jobs in the Balearics.