Economic and Social report of "Sa Nostra" 2001

The financial entity, "Sa Nostra", has presented their "Informe Econòmic i Social de les Illes Balears 2001". This is the 34th edition of the report that until last year was the responsibility of Gabinete de Estudios Económicos y Sociales of "Sa Nostra", directed by the economist Miquel Alenyà, and that as from now is prepared by the Centre de Recerca Econòmica (CRE), an organism created by "Sa Nostra" and the Balearic University (UIB) directed by Antoni Riera, head professor of the Departamento de Economía y Empresa of the UIB.

The most outstanding details of the report are:

The Gross National Product (GNP) of the Balearics in 2001 reached 16,520 million euros, with an increase of 2.5% over 2000.

The evolution of productivity in the Balearics experienced negative rates since 1998, above all in the building industry.

Menorca had a growth of 3.5%, Eivissa and Formentera of 3% and Mallorca slightly under 2,5%.

The services sector, with over 13,300 million euros, was the one that supplied most to the Balearic GNP.

The international tourism that came via air, was reduced by some 2% while that from Spain increased by 1%.

Consumption had an average increase of 2% as against 4.4% in 2000.

The Available Gross Family Income for homes in the Balearics increased by 3.74% when in 2000 it did so by 5.21%.

The percentage of the family income destined to financing homes in the Balearics reached 68.6%.

The people with Social Security coverage increased by 3.9%.

Balearics has become the third autonomous community with the highest increase in density of population.

The Balearics is a community with greater percentage of abandoning of studies.

More information: Comunicado de "Sa Nostra"

Date of publication: 18/09/2002

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