
The deception of Algarve statistics
The way of ascertaining and analyzing statistical numbers will not change; so, either the Algarve changes or everything will remain the same
The way of ascertaining and analyzing statistical numbers will not change; so, either the Algarve changes or everything will remain the same
Luís Gomes emphasizes that «we must invest in new sectors capable of making the Algarve economy more resilient, more attractive and more stable»
Governor stressed that these budget support adopted at the end of 2021 “did not change the forecast because the Portuguese economy managed to resist this phase of the pandemic very well”
What impact did the crisis have on the regional economy? How has the Algarve's contribution to the national GDP evolved? What was the regional performance compared to other NUTS II?
According to data from INE
According to the latest macroeconomic data from the National Institute of Statistics
The European Commission today published its winter macroeconomic forecasts
Decline in private consumption and the “unprecedented fall in tourism exports” led to this decline in national GDP
In the latest forecasts, in June, the OECD predicted a fall in GDP of 9,4% in 2020
According to the Economic Bulletin released today
Decrease is mainly due to falling domestic demand