Agricultural land prices by region in Algarve
Algarve: Agricultural land prices by region was 27,401 Euro per hectare in 2024. ▲ Rising
Latest (2024)
27,401 Euro per hectare
Change on year
up 0.4%
Rank
56th
of 242 regions
All-time high
27,401 Euro per hectare
in 2024
All-time low
7,251 Euro per hectare
in 2020
Years of data
6
2019–2024
Agricultural land prices by region in Algarve, 2019–2024
Source: Eurostat. Measured in Euro per hectare.
Analysis
In 2024, agricultural land prices by region in Algarve stood at 27,401 Euro per hectare. That is the highest value across all 6 years on record.
That represents a change of up 0.4% on the previous year and up 194.8% over ten years.
That places Algarve 56th out of 242 regions with data for 2024, putting it in the top quarter.
Agricultural land prices by region in Algarve, year by year
| Year | Euro per hectare | Change |
|---|---|---|
| 2019 | 9,294 Euro per hectare | — |
| 2020 | 7,251 Euro per hectare | -22.0% |
| 2021 | 19,520 Euro per hectare | +169.2% |
| 2022 | 20,629 Euro per hectare | +5.7% |
| 2023 | 27,304 Euro per hectare | +32.4% |
| 2024 | 27,401 Euro per hectare | +0.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 9,294 Euro per hectare | 9,294 Euro per hectare | 9,294 Euro per hectare | 1 |
| 2020s | 20,421 Euro per hectare | 7,251 Euro per hectare | 27,401 Euro per hectare | 5 |
More economy & growth data for Algarve
- Gross domestic product (GDP) and Gross value added (GVA) in volume by 135.8 Index, 2020=100 (2024)
- Gross domestic product (GDP) at current market prices by NUTS 2 region 14,312 Million euro (2024)
- Average annual population to calculate regional GDP data (thousand) 488.44 Thousand (2024)
- Gross value added at basic prices by NUTS 3 region 12,446 Current prices, million euro (2024)
- Gross domestic product (GDP) at current market prices by NUTS 3 region 14,312 Million euro (2024)
- Economic accounts for agriculture by NUTS 2 region - values at 0.57 Million euro (2024)
- Economic accounts for agriculture by NUTS 2 region - values at n-1 0.82 Million euro (2024)
- Income quintile share ratio S80/S20 by NUTS 2 region 4.6 Index (2025)
- Economic accounts for agriculture by NUTS 2 region - indices 69.78 Index, n-1 = 100 (2024)
- Agricultural land renting prices for one year by region 493 Euro per hectare (2024)
Frequently asked questions
- What is agricultural land prices by region in Algarve?
- Agricultural land prices by region in Algarve was 27,401 Euro per hectare in 2024, according to Eurostat.
- What is the highest agricultural land prices by region recorded in Algarve?
- The highest recorded value was 27,401 Euro per hectare in 2024.
- What is the lowest agricultural land prices by region recorded in Algarve?
- The lowest recorded value was 7,251 Euro per hectare in 2020.
- How does Algarve rank for agricultural land prices by region?
- Algarve ranks 56th out of 242 regions with data for 2024.
- Is agricultural land prices by region rising or falling in Algarve?
- Over the last ten years it is up 194.8%. The long-run trend across the full record is rising.
- Where does this Algarve data come from?
- The figures come from Eurostat, published as part of Agricultural land prices by region. Statizoid updates them automatically from the source API.
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