Agricultural land renting prices for one year by region in Algarve
Algarve: Agricultural land renting prices for one year by region was 493 Euro per hectare in 2024. ▲ Rising
Agricultural land renting prices for one year by region in Algarve, 2013–2024
Source: Eurostat. Measured in Euro per hectare.
Analysis
The most recent figure for agricultural land renting prices for one year by region in Algarve is 493 Euro per hectare, measured in 2024. That is the highest value across all 12 years on record.
That represents a change of up 6.9% on the previous year and up 141.7% over ten years.
Over the whole period, agricultural land renting prices for one year by region in Algarve peaked at 493 Euro per hectare in 2024 and was at its lowest, 192 Euro per hectare, in 2013.
Algarve ranks 55th of 182 regions on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 12 years of available data.
Agricultural land renting prices for one year by region in Algarve, year by year
| Year | Euro per hectare | Change |
|---|---|---|
| 2013 | 192 Euro per hectare | — |
| 2014 | 204 Euro per hectare | +6.2% |
| 2015 | 217 Euro per hectare | +6.4% |
| 2016 | 230 Euro per hectare | +6.0% |
| 2017 | 286 Euro per hectare | +24.3% |
| 2018 | 356 Euro per hectare | +24.5% |
| 2019 | 442 Euro per hectare | +24.2% |
| 2020 | 447 Euro per hectare | +1.1% |
| 2021 | 452 Euro per hectare | +1.1% |
| 2022 | 457 Euro per hectare | +1.1% |
| 2023 | 461 Euro per hectare | +0.9% |
| 2024 | 493 Euro per hectare | +6.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 275.29 Euro per hectare | 192 Euro per hectare | 442 Euro per hectare | 7 |
| 2020s | 462 Euro per hectare | 447 Euro per hectare | 493 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 prices by region 27,401 Euro per hectare (2024)
Frequently asked questions
- What is agricultural land renting prices for one year by region in Algarve?
- Agricultural land renting prices for one year by region in Algarve was 493 Euro per hectare in 2024, according to Eurostat.
- What is the highest agricultural land renting prices for one year by region recorded in Algarve?
- The highest recorded value was 493 Euro per hectare in 2024.
- What is the lowest agricultural land renting prices for one year by region recorded in Algarve?
- The lowest recorded value was 192 Euro per hectare in 2013.
- How does Algarve rank for agricultural land renting prices for one year by region?
- Algarve ranks 55th out of 182 regions with data for 2024.
- Is agricultural land renting prices for one year by region rising or falling in Algarve?
- Over the last ten years it is up 141.7%. 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 renting prices for one year by region. Statizoid updates them automatically from the source API.
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