#PriceTrendAnalysis The Canary Islands have a population of approximately 2.24 million people and a gross domestic product (GDP) per capita of approximately €18,990 in 2021, with around 40% of GDP dependent on tourism.

The informal economy in the Canary Islands, which includes undeclared and illegal economic activities, accounts for around 17.9% of GDP and amounts to over €8 billion per year.