NUTS-3 ES704 · Spain
Population
129,0802025
GDP
€3,057M2023
Unemployment· NUTS-2 source
13.5%2025
Employment· NUTS-2 source
67.7%2025
Active firms· FR-only
—
Cadastral parcels· FR-only
—
Area
1,661 km²
TerraSight · Compare
2 regions side-by-side
ES704 · ES533
Decision brief
Download brief (PDF)mandate-neutral · ranked by overall opportunity
Best overall fit: Menorca (Opportunity 35). Runner-up: Fuerteventura (34). Contrarian pick: Fuerteventura — leads the set on Demographic outlook (EU pctl 99).
Strengths
Demographic outlook (99) · Energy cost (95)
Red flags
Labour market (EU bottom 15%)
Industrial base (EU bottom 15%)
Long-run slide: down 19 EU ranks in real GDP per head since 1995 (relative decline, not absolute)
Why you might not pick Menorca
Industrial base (EU bottom 15%). Its weakest dimension is Industrial base (EU pctl 8) — Fuerteventura may suit a mandate that weights that higher.
How robust is this recommendation?
The leader depends on the mandate: Logistics → Fuerteventura · Manufacturing → Menorca · Office → Fuerteventura · Residential → Fuerteventura.
Phase-2 diligence checklist
- Site-level grid connection capacity and power pricing (beyond country-grain energy data)
- Local incentives, tax regimes and permitting timelines
- Workforce depth for your specific roles (the talent pillar is a proxy)
- Real-estate availability, rents and land — public pan-EU data stops at the Nordics
This is a mandate-neutral read. To weight the pillars to your thesis, run these regions through the Site Screener — it ranks all 1,211 regions under your weights and exports the full PDF. First-pass macro screening, not investment advice.
Composite intelligence · 0–100 EU-percentile scores
Opportunity Indexscale + growth + access + structure
34.0
34.5
Resilience Indexdiversification, stability, buffers
26.0
31.0
Quality of Lifeprosperity, health, safety, environment
40.7
44.9
Clean AirPM2.5 / PM10 / NO₂ inverted
44.0
44.3
Connectivitytransit + air + market access
32.0
32.7
Talent & Human Capitalskills, learning, knowledge workers
38.8
48.5
Growth Momentumrecent GDP / employment trajectory
78.2
78.2
Trajectories · 2012–latest
Real GDP (2020 prices)
9.4% 5y
7.9% 5y
Population
1.1% 5y
1.4% 5y
Unemployment rate
9.7% 5y
11.4% 5y
Derived comparisons
GDP per capita
€23,686
€24,785
Population density
78 /km²
147 /km²
Parcels per 1k pop
FR-only
FR-only
Firms per 1k pop
FR-only
FR-only
All indicators · 87 metrics (Eurostat, all-EU)
Economy
Gross value added, total (current prices)
€2,878M
€2,316M
GVA — agriculture, forestry & fishing (A)
€27M
€22M
GVA — industry (B–E)
€129M
€232M
GVA — manufacturing (C)
€50M
€129M
GVA — construction (F)
€178M
€225M
GVA — wholesale/retail, transport, ICT (G–J)
€1,350M
€915M
Net disposable household income per capita (NUTS-2 source) ·N2
€15,300
€19,100
GDP per capita in PPS (purchasing-power adjusted)
27,400 PPS
28,600 PPS
GDP per capita (current prices, EUR)
€24,400
€25,500
Gross fixed capital formation — investment (total economy) ·N2
€8,461M
€9,927M
Investment in manufacturing capex (GFCF, NACE C) ·N2
€298M
€144M
Compensation of employees (total wage bill) ·N2
€28,532M
€19,108M
GVA — finance, real estate & professional (K–N)
€633M
€499M
GVA — public admin, health & education (O–U)
€562M
€422M
Real GDP (constant 2020 prices, incl. short-term forecast)
€2,910M
€2,355M
Labour productivity per person employed (EUR)
€62,333
€78,446
Gross fixed capital formation, NUTS-3 (ARDECO)
€544M
€691M
Labour market
Employment, total persons
52,700
35,000
Self-employed persons
7,800
7,000
Employment in manufacturing (C)
900
2,900
Activity rate, 15–64 (NUTS-2 source) ·N2
73.1%
77.3%
Youth unemployment rate (15–24) ·N2
29.5%
17.1%
Unemployment rate 15-74, NUTS-3 native (ARDECO)
13.6%
8.8%
Labour force aged 15+ (ARDECO)
70,800
55,800
Business demography
Active enterprises (business economy, all sizes)
9,292
8,589
Enterprise births
1,131
810
Enterprise deaths
821
645
3-year enterprise survival rate
4.5%
4.1%
Innovation & R&D
R&D expenditure as % of GDP ·N2
0.6%
0.5%
Employment in high-tech sectors (% of total) ·N2
2.1%
2.6%
R&D personnel (% of active population, FTE) ·N2
0.4%
0.5%
Education
Tertiary education attainment, age 25–64 ·N2
36.3%
35.2%
Tertiary attainment, age 25–34 (young talent pool) ·N2
43.7%
43.2%
Adult participation in learning, age 25–64 (last 4 weeks) ·N2
13.1%
16.7%
Knowledge workers — tertiary-educated & in science/tech (% of labour force) ·N2
17.6%
20.5%
Scientists & engineers (% of labour force) ·N2
5.8%
6.7%
Digital
Households with internet access ·N2
97.3%
97.9%
Tourism
Nights spent at tourist accommodation (total)
15,743,160
6,719,852
Mobility
Passenger cars per 1,000 inhabitants ·N2
609 /1k
616 /1k
Road freight loaded (annual, thousand tonnes)
3,173 kt
1,478 kt
Distinct public-transport stop locations within the region (GTFS feeds, deduplicated across overlapping feeds by coordinate). A measure of transit-network extent.
1
1
Motorway density (km per 1,000 km²) ·N2
39 km/1000km²
19 km/1000km²
Public-transport stops per 100,000 inhabitants — transit service density relative to population (GTFS feeds, coordinate-deduplicated).
1
1
Distance from the region centroid to the nearest major (large) airport, in km - air-connectivity accessibility. Lower is better.
16
17
Number of major (large) airports within 100 km of the region centroid - air-hub catchment richness.
2
1
Demography
Population aged 15–64 (working age)
95,341
71,388
Population aged 65+
16,814
18,910
Population aged under 15
16,925
12,523
Median age of population
42.3 yrs
44.8 yrs
Old-age dependency ratio (65+ / 15–64)
17.6%
26.5%
Crude rate of total population change
18.8 /1k
17.1 /1k
Crude rate of net migration plus adjustment
16.6 /1k
18.4 /1k
Crude birth rate
6.8 /1k
6.2 /1k
Crude death rate
4.6 /1k
7.4 /1k
Live births
866
627
Deaths
588
755
Total age-dependency ratio (young+old / 15-64)
35.4%
44.0%
Total fertility rate (births per woman)
0.98
0.96
Population density (persons per km²)
77 /km²
147 /km²
Projected population, 2030–2040 (EUROPOP2019 baseline)
208,098
71,808
Social
At risk of poverty or social exclusion (AROPE) ·N2
31.2%
15.2%
Life expectancy at birth ·N2
82.9 yrs
83.5 yrs
At-risk-of-poverty rate (regional) ·N2
22.9%
11.6%
Health
Hospital beds per 100k inhabitants ·N2
290 /100k
277 /100k
Mortality, all causes (age-standardised rate) ·N2
826 /100k
807 /100k
Cancer mortality (age-standardised rate) ·N2
214 /100k
220 /100k
Safety & crime
Intentional homicides per 100k inhabitants
1.6 /100k
1.0 /100k
Robberies per 100k inhabitants
68.7 /100k
24.7 /100k
Burglaries per 100k inhabitants
234 /100k
175 /100k
Thefts per 100k inhabitants
501 /100k
241 /100k
Road traffic deaths per million inhabitants ·N2
31 /M
50 /M
Governance & institutions
Government effectiveness, WGI score -2.5..2.5 (country)
1.14
1.14
Regulatory quality, WGI score -2.5..2.5 (country)
0.84
0.84
Rule of law, WGI score -2.5..2.5 (country)
0.96
0.96
Control of corruption, WGI score -2.5..2.5 (country)
0.78
0.78
Political stability & absence of violence, WGI score (country)
0.16
0.16
Energy
Industrial electricity price, 2-20 GWh band, excl. taxes (national)
€0.106/kWh
€0.106/kWh
Industrial gas price, 10-100k GJ band, excl. taxes (national)
€0.048/kWh
€0.048/kWh
Climate
Elevation at region centroid (Copernicus DEM)
222 m
104 m
Hot days ≥30°C (avg per year)
26 days/yr
35 days/yr
Frost days ≤0°C (avg per year)
0 days/yr
0 days/yr
Heavy-precipitation days ≥20mm (avg per year)
0 days/yr
4 days/yr