According to the National Statistics Institute's Retail Trade Indices, there was a 14.6% drop in retail sales in the Balearics in 2020. This was just behind the Canaries, where the 15% decrease was the greatest in the country.
Nationwide, there was a 6.8% drop, the largest fall since 2012. After growing by 2.4% in 2019, the biggest rise for three years, when seasonal adjustment is taken into account, the drop in 2020 was 7.1%.
In December, retail sales in the Balearics were down 0.5%, while employment in the retail trade fell 5.9%. For the whole of 2020, employment was down 6.9%, the the largest decrease in Spain.