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Economy of Majorca


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Since the 1950s Majorca has become a major tourist destination, and the tourism business has become the main source of revenue for the island. In 2001, the island received millions of tourists, and the boom in the tourism industry has provided significant growth in the economy of the country. More than half of the population works in the tourist sector, which accounts for approximately 80% of Majorca’s GDP. The currency currently used in Majorca is the euro
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