Tourism as the main change factor in the Mediterranean Islands the case of the Balearic Islands and their future
Year: 1996
Type: article
Abstract: Tourism has ushered in major changes in the Balearic economy since 1960. This industry \nhas become the most important economic activity on the Islands, and in recent years its \nshare of the Balearic GDP has reached about 55%. \nThe Balearic economy depends to a very large extent on services. The agricultural sector \nonly contributes to 2% to GDP and is in deep crisis following Spain's accession to the \nEU. The manufacturing sector, contribute to around 10%. This sector, with the exception \nof shoes and jewellery has limited export potential. The performance of the construction \nsector, with a GDP share of 10%, depends on tourism development. \nThe growth in tourism has permitted the Balearic Islands to increase their income to \n$15,000 per capita, which is more than 50% higher than that for Spain as a whole, \nalthough its relative magnitude in Spain has tended to decline since 1989.
Source: OAR@UM (University of Malta)
Author: Antoni Sastre Alberti
Language: English
Domain: Social Sciences
Open Access status: green
OpenAlex ID: W2941662919