Tourism is the basis for Majorca and Balearic economic performance. | Julian Aguirre
The latest regional government economic report shows the Balearics to be the Spanish tourism region with the highest ratio of employment creation and to be the best positioned to reduce unemployment. The report compares rates of inflation, registered unemployment and registrations with social security between the Balearics and the Canaries, Catalonia, Valencia and Andalusia in July. It is a report, therefore, that focuses on the five main sun-and-beach tourism regions.