Business demography by size class and NUTS 3 region in Algarve
Algarve: Business demography by size class and NUTS 3 region was 66,967 in 2020. ▲ Rising
Business demography by size class and NUTS 3 region in Algarve, 2008–2020
Source: Eurostat.
Analysis
The most recent figure for business demography by size class and nuts 3 region in Algarve is 66,967, measured in 2020.
That represents a change of down 6.3% on the previous year and up 14.3% over ten years.
Over the whole period, business demography by size class and nuts 3 region in Algarve peaked at 71,433 in 2019 and was at its lowest, 51,012, in 2013.
Algarve ranks 284th of 951 regions on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 13 years of available data.
Business demography by size class and NUTS 3 region in Algarve, year by year
| Year | Value | Change |
|---|---|---|
| 2008 | 64,431 | — |
| 2009 | 62,837 | -2.5% |
| 2010 | 58,603 | -6.7% |
| 2011 | 55,285 | -5.7% |
| 2012 | 51,929 | -6.1% |
| 2013 | 51,012 | -1.8% |
| 2014 | 52,642 | +3.2% |
| 2015 | 57,132 | +8.5% |
| 2016 | 60,566 | +6.0% |
| 2017 | 64,633 | +6.7% |
| 2018 | 67,944 | +5.1% |
| 2019 | 71,433 | +5.1% |
| 2020 | 66,967 | -6.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 63,634 | 62,837 | 64,431 | 2 |
| 2010s | 59,118 | 51,012 | 71,433 | 10 |
| 2020s | 66,967 | 66,967 | 66,967 | 1 |
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 business demography by size class and nuts 3 region in Algarve?
- Business demography by size class and nuts 3 region in Algarve was 66,967 in 2020, according to Eurostat.
- What is the highest business demography by size class and nuts 3 region recorded in Algarve?
- The highest recorded value was 71,433 in 2019.
- What is the lowest business demography by size class and nuts 3 region recorded in Algarve?
- The lowest recorded value was 51,012 in 2013.
- How does Algarve rank for business demography by size class and nuts 3 region?
- Algarve ranks 284th out of 951 regions with data for 2020.
- Is business demography by size class and nuts 3 region rising or falling in Algarve?
- Over the last ten years it is up 14.3%. 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 Business demography by size class and NUTS 3 region (2008-2020). Statizoid updates them automatically from the source API.
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