Gross domestic product (GDP) at current market prices by NUTS 2 region in Região Autónoma da Madeira
Região Autónoma da Madeira: Gross domestic product (GDP) at current market prices by NUTS 2 region was 7,486 Million euro in 2024. ▲ Rising
Gross domestic product (GDP) at current market prices by NUTS 2 region in Região Autónoma da Madeira, 2000–2024
Source: Eurostat. Measured in Million euro.
Analysis
Região Autónoma da Madeira recorded 7,486 Million euro for gross domestic product (gdp) at current market prices by nuts 2 region in 2024. That is the highest value across all 25 years on record.
Compared with earlier readings it is up 7.5% on the previous year and up 78.9% over ten years.
Over the whole period, gross domestic product (gdp) at current market prices by nuts 2 region in Região Autónoma da Madeira peaked at 7,486 Million euro in 2024 and was at its lowest, 2,723 Million euro, in 2000.
Região Autónoma da Madeira ranks 353rd of 372 regions on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 25 years of available data.
Gross domestic product (GDP) at current market prices by NUTS 2 region in Região Autónoma da Madeira, year by year
| Year | Million euro | Change |
|---|---|---|
| 2000 | 2,723 Million euro | — |
| 2001 | 2,827 Million euro | +3.8% |
| 2002 | 3,212 Million euro | +13.6% |
| 2003 | 3,374 Million euro | +5.0% |
| 2004 | 3,666 Million euro | +8.6% |
| 2005 | 3,895 Million euro | +6.3% |
| 2006 | 4,108 Million euro | +5.5% |
| 2007 | 4,312 Million euro | +5.0% |
| 2008 | 4,465 Million euro | +3.6% |
| 2009 | 4,349 Million euro | -2.6% |
| 2010 | 4,428 Million euro | +1.8% |
| 2011 | 4,431 Million euro | +0.1% |
| 2012 | 4,053 Million euro | -8.5% |
| 2013 | 4,131 Million euro | +1.9% |
| 2014 | 4,185 Million euro | +1.3% |
| 2015 | 4,288 Million euro | +2.5% |
| 2016 | 4,458 Million euro | +4.0% |
| 2017 | 4,758 Million euro | +6.7% |
| 2018 | 4,913 Million euro | +3.3% |
| 2019 | 5,107 Million euro | +3.9% |
| 2020 | 4,426 Million euro | -13.3% |
| 2021 | 5,073 Million euro | +14.6% |
| 2022 | 6,266 Million euro | +23.5% |
| 2023 | 6,963 Million euro | +11.1% |
| 2024 | 7,486 Million euro | +7.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 3,693 Million euro | 2,723 Million euro | 4,465 Million euro | 10 |
| 2010s | 4,475 Million euro | 4,053 Million euro | 5,107 Million euro | 10 |
| 2020s | 6,043 Million euro | 4,426 Million euro | 7,486 Million euro | 5 |
More economy & growth data for Região Autónoma da Madeira
- Gross domestic product (GDP) and Gross value added (GVA) in volume by 136.8 Index, 2020=100 (2024)
- Average annual population to calculate regional GDP data (thousand) 258.03 Thousand (2024)
- Gross value added at basic prices by NUTS 3 region 6,588 Current prices, million euro (2024)
- Gross domestic product (GDP) at current market prices by NUTS 3 region 7,486 Million euro (2024)
- Economic accounts for agriculture by NUTS 2 region - values at 0.04 Million euro (2024)
- Economic accounts for agriculture by NUTS 2 region - values at n-1 0.07 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 54.79 Index, n-1 = 100 (2024)
- Irrigation of agricultural holdings by utilised agricultural area 4,700 Hectare (2023)
- Farms and hectares by crops, utilised agricultural area, economic 4,700 Hectare (2023)
Frequently asked questions
- What is gross domestic product (gdp) at current market prices by nuts 2 region in Região Autónoma da Madeira?
- Gross domestic product (gdp) at current market prices by nuts 2 region in Região Autónoma da Madeira was 7,486 Million euro in 2024, according to Eurostat.
- What is the highest gross domestic product (gdp) at current market prices by nuts 2 region recorded in Região Autónoma da Madeira?
- The highest recorded value was 7,486 Million euro in 2024.
- What is the lowest gross domestic product (gdp) at current market prices by nuts 2 region recorded in Região Autónoma da Madeira?
- The lowest recorded value was 2,723 Million euro in 2000.
- How does Região Autónoma da Madeira rank for gross domestic product (gdp) at current market prices by nuts 2 region?
- Região Autónoma da Madeira ranks 353rd out of 372 regions with data for 2024.
- Is gross domestic product (gdp) at current market prices by nuts 2 region rising or falling in Região Autónoma da Madeira?
- Over the last ten years it is up 78.9%. The long-run trend across the full record is rising.
- Where does this Região Autónoma da Madeira data come from?
- The figures come from Eurostat, published as part of Gross domestic product (GDP) at current market prices by NUTS 2 region. Statizoid updates them automatically from the source API.
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