Nominal Labour productivity by NUTS 3 region in Algarve

Algarve: Nominal Labour productivity by NUTS 3 region was 53,400 in 2024. ▲ Rising

Latest (2024)
53,400
Change on year
up 6.6%
Rank
1094th
of 1507 regions
All-time high
53,400
in 2024
All-time low
25,500
in 2000
Years of data
25
2000–2024

Nominal Labour productivity by NUTS 3 region in Algarve, 2000–2024

020.0k40.0k60.0k2000201220242000: 25.5k2001: 26.8k2002: 28.1k2003: 28.7k2004: 29.0k2005: 30.7k2006: 32.5k2007: 34.4k2008: 34.7k2009: 34.4k2010: 36.3k2011: 36.1k2012: 36.7k2013: 38.2k2014: 38.1k2015: 38.7k2016: 39.8k2017: 40.8k2018: 40.9k2019: 42.3k2020: 37.4k2021: 40.7k2022: 47.0k2023: 50.1k2024: 53.4k

Source: Eurostat.

Analysis

The most recent figure for nominal labour productivity by nuts 3 region in Algarve is 53,400, measured in 2024. That is the highest value across all 25 years on record.

Compared with earlier readings it is up 6.6% on the previous year and up 40.2% over ten years.

Over the whole period, nominal labour productivity by nuts 3 region in Algarve peaked at 53,400 in 2024 and was at its lowest, 25,500, in 2000.

Algarve ranks 1094th of 1507 regions on this measure, in the middle of the range.

The long-run direction has been consistently rising across the 25 years of available data.

Averages by decade

DecadeAverage LowestHighest Years
2000s 30,480 25,500 34,700 10
2010s 38,790 36,100 42,300 10
2020s 45,720 37,400 53,400 5

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Frequently asked questions

What is nominal labour productivity by nuts 3 region in Algarve?
Nominal labour productivity by nuts 3 region in Algarve was 53,400 in 2024, according to Eurostat.
What is the highest nominal labour productivity by nuts 3 region recorded in Algarve?
The highest recorded value was 53,400 in 2024.
What is the lowest nominal labour productivity by nuts 3 region recorded in Algarve?
The lowest recorded value was 25,500 in 2000.
How does Algarve rank for nominal labour productivity by nuts 3 region?
Algarve ranks 1094th out of 1507 regions with data for 2024.
Is nominal labour productivity by nuts 3 region rising or falling in Algarve?
Over the last ten years it is up 40.2%. 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 Nominal Labour productivity by NUTS 3 region. Statizoid updates them automatically from the source API.

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About this data

Indicator
Nominal Labour productivity by NUTS 3 region
Source
Eurostat
Licence
CC BY 4.0 (Eurostat)
Coverage
1,534 places, 37,162 data points, 2000–2024
Last refreshed