Palma de Majorca, Balearic Islands » City Info » Economy

Palma (or Palma de Mallorca) is the capital and largest city of the autonomous community of the Balearic Islands in Spain, situated on the south coast of Mallorca.

The city is experiencing continuous growth and development and plays a vital role in the Balearic Islands' economy. The city provides platforms for meetings, conferences, conventions with technological parks, hotels and other centres for several businesses. Palma has everything that anybody expects from a high flying commercial city.

Since Palma is well connected by air and sea with the rest of the world, it is the favourite tourist place for people worldwide. Palma port receives a large number of vessels from Spain and trades with many European countries, mainly Germany, the UK, France, Italy, and Portugal. The Palma de Mallorca airport, Son Sant Joan, deals with a vast range of international flights, and it is located on the outskirts of Palma. This airport is just as busy as some of the major city airports in mainland Spain and plays a significant role in the Balearic tourism industry.

Palma is Spain's major tourist destination. Tourism is one of the primary income sources for locals.

Tourism is helping Palma de Mallorca as well as the rest of the island to grow significantly. The number of visitors is increasing day by day. In 1960 Mallorca received 500,000 visitors, while in 1997 it received more than 6,739,700 and in 2001 around 19,000,000 people visited Palma. Palma's airport serves millions of visitors each year and plays a major role in the tourism industry.