Gross value added at basic prices by NUTS 3 region in Algarve
Algarve: Gross value added at basic prices by NUTS 3 region was 12,446 in 2024. ▲ Rising
Gross value added at basic prices by NUTS 3 region in Algarve, 2000–2024
Source: Eurostat.
Analysis
The most recent figure for gross value added at basic prices by nuts 3 region in Algarve is 12,446, measured in 2024. That is the highest value across all 25 years on record.
Compared with earlier readings it is up 8.1% on the previous year and up 90.5% over ten years.
Over the whole period, gross value added at basic prices by nuts 3 region in Algarve peaked at 12,446 in 2024 and was at its lowest, 4,403, in 2000.
That places Algarve 660th out of 1664 regions with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently rising across the 25 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 5,769 | 4,403 | 6,904 | 10 |
| 2010s | 7,142 | 6,257 | 8,772 | 10 |
| 2020s | 9,964 | 7,352 | 12,446 | 5 |
More economy & growth data for Algarve
- Gross domestic product (GDP) and Gross value added (GVA) in volume by 135.8 (2024)
- Gross domestic product (GDP) at current market prices by NUTS 2 region 14,312 (2024)
- Average annual population to calculate regional GDP data (thousand per 488.44 (2024)
- Gross domestic product (GDP) at current market prices by NUTS 3 region 14,312 (2024)
- Economic accounts for agriculture by NUTS 2 region - values at current 0.57 (2024)
- Income quintile share ratio S80/S20 by NUTS 2 region 4.6 (2025)
- Economic accounts for agriculture by NUTS 2 region - values at n-1 pri 0.82 (2024)
- Economic accounts for agriculture by NUTS 2 region - indices 69.78 (2024)
- Agricultural land prices by region 27,401 (2024)
- Agricultural land renting prices for one year by region 493 (2024)
Frequently asked questions
- What is gross value added at basic prices by nuts 3 region in Algarve?
- Gross value added at basic prices by nuts 3 region in Algarve was 12,446 in 2024, according to Eurostat.
- What is the highest gross value added at basic prices by nuts 3 region recorded in Algarve?
- The highest recorded value was 12,446 in 2024.
- What is the lowest gross value added at basic prices by nuts 3 region recorded in Algarve?
- The lowest recorded value was 4,403 in 2000.
- How does Algarve rank for gross value added at basic prices by nuts 3 region?
- Algarve ranks 660th out of 1664 regions with data for 2024.
- Is gross value added at basic prices by nuts 3 region rising or falling in Algarve?
- Over the last ten years it is up 90.5%. 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 value added at basic prices by NUTS 3 region. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 25 observations, free to reuse under CC BY 4.0 (Eurostat).