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Balearic Islands Facts. Name: Balearic Islands, a territory of Spain since 1349; Capital City: Palma de Mallorca (401,270 pop.) Balearic Population: 1,106,049 (2010 est.) World Populations (all countries) Currency: Euro (conversion rates) 20 Euros; Ethnicity: Spanish 87%, Latin Americans 7%, Western Europeans 3%, African and Middle Eastern 2%, other 1%
Palma De Mallorca, Spain. Palma de Mallorca is the largest of the Spanish Balearic Islands in the Mediterranean and is located just off the east coast of Spain. The island's coastline is marked by a series of small caves and beautiful beaches.Palma de Mallorca is the capital city of the Balearic Islands and nearly two-thirds of the total population live in Palma. The number of people greatly increases in the spring, as the island is a favorite European resort.he island's coastline is marked by a series of small caves and beautiful beaches. Palma de Mallorca is the capital city of the Balearic Islands and nearly two-thirds of the total population live in Palma. The number of people greatly increases in the spring, as the island is a favorite European resort.