Economic accounts for agriculture by NUTS 2 region - values at n-1 in Algarve
Algarve: Economic accounts for agriculture by NUTS 2 region - values at n-1 was 0.82 Million euro in 2024. ◆ Volatile
Latest (2024)
0.82 Million euro
Change on year
down 46.1%
Rank
143rd
of 148 regions
All-time high
5.5 Million euro
in 2002
All-time low
0.82 Million euro
in 2024
Years of data
26
1999–2024
Economic accounts for agriculture by NUTS 2 region - values at n-1 in Algarve, 1999–2024
Source: Eurostat. Measured in Million euro.
Analysis
Algarve recorded 0.82 Million euro for economic accounts for agriculture by nuts 2 region - values at n-1 in 2024. That is the lowest value across all 26 years on record.
That represents a change of down 46.1% on the previous year and down 45.3% over ten years.
Over the whole period, economic accounts for agriculture by nuts 2 region - values at n-1 in Algarve peaked at 5.5 Million euro in 2002 and was at its lowest, 0.82 Million euro, in 2024.
That places Algarve 143rd out of 148 regions with data for 2024, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Economic accounts for agriculture by NUTS 2 region - values at n-1 in Algarve, year by year
| Year | Million euro | Change |
|---|---|---|
| 1999 | 3.79 Million euro | — |
| 2000 | 3.76 Million euro | -0.8% |
| 2001 | 4.78 Million euro | +27.1% |
| 2002 | 5.5 Million euro | +15.1% |
| 2003 | 3.16 Million euro | -42.5% |
| 2004 | 4.72 Million euro | +49.4% |
| 2005 | 1.48 Million euro | -68.6% |
| 2006 | 3.06 Million euro | +106.8% |
| 2007 | 1.86 Million euro | -39.2% |
| 2008 | 2.24 Million euro | +20.4% |
| 2009 | 1.36 Million euro | -39.3% |
| 2010 | 1.32 Million euro | -2.9% |
| 2011 | 1.4 Million euro | +6.1% |
| 2012 | 1.02 Million euro | -27.1% |
| 2013 | 1.58 Million euro | +54.9% |
| 2014 | 1.5 Million euro | -5.1% |
| 2015 | 1.43 Million euro | -4.7% |
| 2016 | 1.37 Million euro | -4.2% |
| 2017 | 1.43 Million euro | +4.4% |
| 2018 | 1.18 Million euro | -17.5% |
| 2019 | 1.04 Million euro | -11.9% |
| 2020 | 1.44 Million euro | +38.5% |
| 2021 | 1.31 Million euro | -9.0% |
| 2022 | 1.23 Million euro | -6.1% |
| 2023 | 1.52 Million euro | +23.6% |
| 2024 | 0.82 Million euro | -46.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 3.79 Million euro | 3.79 Million euro | 3.79 Million euro | 1 |
| 2000s | 3.19 Million euro | 1.36 Million euro | 5.5 Million euro | 10 |
| 2010s | 1.33 Million euro | 1.02 Million euro | 1.58 Million euro | 10 |
| 2020s | 1.26 Million euro | 0.82 Million euro | 1.52 Million euro | 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)
- 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)
- Agricultural land renting prices for one year by region 493 Euro per hectare (2024)
Frequently asked questions
- What is economic accounts for agriculture by nuts 2 region - values at n-1 in Algarve?
- Economic accounts for agriculture by nuts 2 region - values at n-1 in Algarve was 0.82 Million euro in 2024, according to Eurostat.
- What is the highest economic accounts for agriculture by nuts 2 region - values at n-1 recorded in Algarve?
- The highest recorded value was 5.5 Million euro in 2002.
- What is the lowest economic accounts for agriculture by nuts 2 region - values at n-1 recorded in Algarve?
- The lowest recorded value was 0.82 Million euro in 2024.
- How does Algarve rank for economic accounts for agriculture by nuts 2 region - values at n-1?
- Algarve ranks 143rd out of 148 regions with data for 2024.
- Is economic accounts for agriculture by nuts 2 region - values at n-1 rising or falling in Algarve?
- Over the last ten years it is down 45.3%. The long-run trend across the full record is volatile.
- Where does this Algarve data come from?
- The figures come from Eurostat, published as part of Economic accounts for agriculture by NUTS 2 region - values at n-1 prices. Statizoid updates them automatically from the source API.
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