The Balearic Islands is an archipelago in the Mediterranean Sea and an Autonomous Community in Spain. The islands that form it are Mallorca, Menorca, Ibiza and Formentera, and the capital city is Palma.
The president of the Government of the Balearic Islands is Francina Armengol, member of PSIB-PSOE, and she leads a coalition formed by her party, Podemos and Més per Mallorca. The regional parliament, the Parliament of the Balearic Islands, is presided by the socialist Vicenç Thomas.
The Balearic administration is decentralised in each island through the Island Councils, institutions with a high degree of competencies.
The Balearic Island have a population of 1.128.908 inhabitants. 880.000 live in Mallorca, 92.000 in Menorca, 144.000 in Ibiza and 12.000 in Formentera. The city of Palma gathers a population of 410.000, approximately 40% of the whole region.
The GDP per capita in the region is 26.764€, being the seventh region in Spain in this regard. The most important economic sector is tourism, with 70% of the population working directly or indirectly in the sector. The majority of tourists visiting our islands come from Europe, with Germany and the United Kingdom as lead countries of origin. The main claim for tourists are the crystalline beaches in every one of the islands, but we also have other geographic attractions, such as the Serra de Tramuntana, cultural heritage, such as the old town of Palma and Ibiza or the talaiotic remnants in Menorca, and also an excellent gastronomy.
We also have a consolidated industry, with important companies in the textile and shoe sctors, but the Balearic companies are vulnerable to insularity. Operating from an island implies certain competitive disadvantages in comparison to the companies based on the mainland. In fact, insularity is one of the principal problems that Balearic politicians want to solve, working for better transport connexions and trade conditions with the rest of Europe.