Algarve was the European Union region with the highest GDP growth in 2022

Indicator rose 17% in the Algarve region

The Algarve was the European region in which the Gross Domestic Product grew the most, in 2022, compared to 2020, revealed Eurostat in a note released on Tuesday, the 20th.

According to the European Union Statistical Service, Algarve GDP growth last year was 17%. Also highlighted is another Portuguese NUT II, ​​the Autonomous Region of Madeira, which was second at European level (+14,2%).

In global terms, Gross Domestic Product grew in 231 of the 242 regions of the European Union, compared to 2021

The Portuguese regions are all among those that grew.