Compensation per employee and hours worked per employed person by in Algarve

Algarve: Compensation per employee and hours worked per employed person by was 25,500 Euro in 2023. ▲ Rising

Latest (2023)
25,500 Euro
Change on year
up 9.9%
Rank
229th
of 314 regions
All-time high
25,500 Euro
in 2023
All-time low
14,500 Euro
in 2000
Years of data
24
2000–2023

Compensation per employee and hours worked per employed person by in Algarve, 2000–2023

010.0k20.0k30.0k2000201120232000: 14.5k Euro2001: 15.2k Euro2002: 15.7k Euro2003: 16.0k Euro2004: 16.2k Euro2005: 16.9k Euro2006: 17.3k Euro2007: 18.1k Euro2008: 18.5k Euro2009: 19.0k Euro2010: 19.0k Euro2011: 18.5k Euro2012: 17.9k Euro2013: 18.3k Euro2014: 17.9k Euro2015: 17.9k Euro2016: 18.3k Euro2017: 18.8k Euro2018: 19.7k Euro2019: 20.8k Euro2020: 20.7k Euro2021: 22.0k Euro2022: 23.2k Euro2023: 25.5k Euro

Source: Eurostat. Measured in Euro.

Analysis

Algarve recorded 25,500 Euro for compensation per employee and hours worked per employed person by in 2023. That is the highest value across all 24 years on record.

That represents a change of up 9.9% on the previous year and up 39.3% over ten years.

Over the whole period, compensation per employee and hours worked per employed person by in Algarve peaked at 25,500 Euro in 2023 and was at its lowest, 14,500 Euro, in 2000.

Algarve ranks 229th of 314 regions on this measure, in the middle of the range.

The long-run direction has been consistently rising across the 24 years of available data.

Compensation per employee and hours worked per employed person by in Algarve, year by year

Annual values for Compensation per employee and hours worked per employed person by NUTS 2 region and by industry in Algarve, 2000 to 2023.
Year Euro Change
2000 14,500 Euro
2001 15,200 Euro +4.8%
2002 15,700 Euro +3.3%
2003 16,000 Euro +1.9%
2004 16,200 Euro +1.2%
2005 16,900 Euro +4.3%
2006 17,300 Euro +2.4%
2007 18,100 Euro +4.6%
2008 18,500 Euro +2.2%
2009 19,000 Euro +2.7%
2010 19,000 Euro +0.0%
2011 18,500 Euro -2.6%
2012 17,900 Euro -3.2%
2013 18,300 Euro +2.2%
2014 17,900 Euro -2.2%
2015 17,900 Euro +0.0%
2016 18,300 Euro +2.2%
2017 18,800 Euro +2.7%
2018 19,700 Euro +4.8%
2019 20,800 Euro +5.6%
2020 20,700 Euro -0.5%
2021 22,000 Euro +6.3%
2022 23,200 Euro +5.5%
2023 25,500 Euro +9.9%

Averages by decade

DecadeAverage LowestHighest Years
2000s 16,740 Euro 14,500 Euro 19,000 Euro 10
2010s 18,710 Euro 17,900 Euro 20,800 Euro 10
2020s 22,850 Euro 20,700 Euro 25,500 Euro 4

More work & labour data for Algarve

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Frequently asked questions

What is compensation per employee and hours worked per employed person by in Algarve?
Compensation per employee and hours worked per employed person by in Algarve was 25,500 Euro in 2023, according to Eurostat.
What is the highest compensation per employee and hours worked per employed person by recorded in Algarve?
The highest recorded value was 25,500 Euro in 2023.
What is the lowest compensation per employee and hours worked per employed person by recorded in Algarve?
The lowest recorded value was 14,500 Euro in 2000.
How does Algarve rank for compensation per employee and hours worked per employed person by?
Algarve ranks 229th out of 314 regions with data for 2023.
Is compensation per employee and hours worked per employed person by rising or falling in Algarve?
Over the last ten years it is up 39.3%. 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 Compensation per employee and hours worked per employed person by NUTS 2 region and by industry. Statizoid updates them automatically from the source API.

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Compensation per employee and hours worked per employed person by in Algarve. Statizoid, drawing on Eurostat. Retrieved 02 September 2026, from https://labour.statizoid.com/stat/compensation-per-employee-and-hours-worked-per-employed-person-by-nuts-2-region-and-by/algarve/

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About this data

Indicator
Compensation per employee and hours worked per employed person by NUTS 2 region and by industry
Unit
Euro
Source
Eurostat
Licence
CC BY 4.0 (Eurostat)
Coverage
354 places, 8,566 data points, 2000–2024
Last refreshed