Gross domestic product (GDP) and Gross value added (GVA) in volume by in Algarve
Algarve: Gross domestic product (GDP) and Gross value added (GVA) in volume by was 135.8 Index, 2020=100 in 2024. ▲ Rising
Latest (2024)
135.8 Index, 2020=100
Change on year
up 2.1%
Rank
5th
of 319 regions
All-time high
135.8 Index, 2020=100
in 2024
All-time low
98.6 Index, 2020=100
in 2000
Years of data
25
2000–2024
Gross domestic product (GDP) and Gross value added (GVA) in volume by in Algarve, 2000–2024
Source: Eurostat. Measured in Index, 2020=100.
Analysis
In 2024, gross domestic product (gdp) and gross value added (gva) in volume by in Algarve stood at 135.8 Index, 2020=100. That is the highest value across all 25 years on record.
Compared with earlier readings it is up 2.1% on the previous year and up 31.6% over ten years.
Over the whole period, gross domestic product (gdp) and gross value added (gva) in volume by in Algarve peaked at 135.8 Index, 2020=100 in 2024 and was at its lowest, 98.6 Index, 2020=100, in 2000.
That places Algarve 5th out of 319 regions with data for 2024, putting it in the top 10%.
The long-run direction has been consistently rising across the 25 years of available data.
Gross domestic product (GDP) and Gross value added (GVA) in volume by in Algarve, year by year
| Year | Index, 2020=100 | Change |
|---|---|---|
| 2000 | 98.6 Index, 2020=100 | — |
| 2001 | 103.5 Index, 2020=100 | +5.0% |
| 2002 | 104.8 Index, 2020=100 | +1.3% |
| 2003 | 105.5 Index, 2020=100 | +0.7% |
| 2004 | 105.9 Index, 2020=100 | +0.4% |
| 2005 | 108.2 Index, 2020=100 | +2.2% |
| 2006 | 111.3 Index, 2020=100 | +2.9% |
| 2007 | 114.7 Index, 2020=100 | +3.1% |
| 2008 | 115.4 Index, 2020=100 | +0.6% |
| 2009 | 108.4 Index, 2020=100 | -6.1% |
| 2010 | 107.9 Index, 2020=100 | -0.5% |
| 2011 | 105.1 Index, 2020=100 | -2.6% |
| 2012 | 102.8 Index, 2020=100 | -2.2% |
| 2013 | 101.3 Index, 2020=100 | -1.5% |
| 2014 | 103.2 Index, 2020=100 | +1.9% |
| 2015 | 105.6 Index, 2020=100 | +2.3% |
| 2016 | 110.4 Index, 2020=100 | +4.5% |
| 2017 | 115.7 Index, 2020=100 | +4.8% |
| 2018 | 118.3 Index, 2020=100 | +2.2% |
| 2019 | 121.9 Index, 2020=100 | +3.0% |
| 2020 | 100 Index, 2020=100 | -18.0% |
| 2021 | 106.6 Index, 2020=100 | +6.6% |
| 2022 | 128.6 Index, 2020=100 | +20.6% |
| 2023 | 133 Index, 2020=100 | +3.4% |
| 2024 | 135.8 Index, 2020=100 | +2.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 107.63 Index, 2020=100 | 98.6 Index, 2020=100 | 115.4 Index, 2020=100 | 10 |
| 2010s | 109.22 Index, 2020=100 | 101.3 Index, 2020=100 | 121.9 Index, 2020=100 | 10 |
| 2020s | 120.8 Index, 2020=100 | 100 Index, 2020=100 | 135.8 Index, 2020=100 | 5 |
Countries ranked near Algarve
More economy & growth data for Algarve
- 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)
- Agricultural land renting prices for one year by region 493 Euro per hectare (2024)
Frequently asked questions
- What is gross domestic product (gdp) and gross value added (gva) in volume by in Algarve?
- Gross domestic product (gdp) and gross value added (gva) in volume by in Algarve was 135.8 Index, 2020=100 in 2024, according to Eurostat.
- What is the highest gross domestic product (gdp) and gross value added (gva) in volume by recorded in Algarve?
- The highest recorded value was 135.8 Index, 2020=100 in 2024.
- What is the lowest gross domestic product (gdp) and gross value added (gva) in volume by recorded in Algarve?
- The lowest recorded value was 98.6 Index, 2020=100 in 2000.
- How does Algarve rank for gross domestic product (gdp) and gross value added (gva) in volume by?
- Algarve ranks 5th out of 319 regions with data for 2024.
- Is gross domestic product (gdp) and gross value added (gva) in volume by rising or falling in Algarve?
- Over the last ten years it is up 31.6%. 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 Gross domestic product (GDP) and Gross value added (GVA) in volume by NUTS 2 region. Statizoid updates them automatically from the source API.
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