PORTUGAL - ALGARVE REGION [AICEP]

7/29/2019 PORTUGAL - ALGARVE REGION [AICEP]

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Regions of Portugal - Algarve

Area

Why Algarve?

The Algarve has a land area of 4,997 km2, with an international land border of 48 km and a

coastline of 318 km

Area (km2): 4,996.8 Inhab/Km

2: 87.6 Population (N.): 437,643 (2010)

The Algarve is the southern most region in mainland Portugal, bordering, in the north with the

Alentejo Region and in the south with the wide Atlantic Ocean. The Algarve enjoys one of the best

all year round climates in Europe and, as well as its wide golden coast, with pleasant beaches it

also has a large area of protected land and a varied biodiversity

Significant developements in infrastructures: logistics and transport equipment

4 Marinas - Albufeira, Lagos, Portimo, Vilamoura

4Yachting Harbors - Faro, Olho, Tavira, Vila Real de Santo Antnio

220.6km of electric railway network

1Airport (Faro)1Aerodrome

The NUT II Algarve covers only the Faro District and for statistical purposes NUT II and NUT III

coincide

With outstanding international recognition as a tourism destination, excellent infrastructures and

facilities, the Algarve attracts thousands of tourists from around the world

icep Portugal Global Trade & Investment Ag ency Av. 5 de Outubro, 101, 1050-051 LISBOA

Tel.Lisb oa: + 351 217 909 500 Contact Centre: 808 214 214 [email protected] www.portugalglobal.pt

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People

Why Algarve?

Population

In 2010, the Algarve recorded the highest natural increase rate of population (0.83%) - above

national average (-0.01%) - with the contribution of migration (0.75%)

Resident population on 31.12.2010: 438,000 individuals (1.3% increase in 10 years and 0.8%increase compared to the previous year). Projections for 2025 (Eurostat): 543,000 inhabitants

The demographic structure of the region is characterized by its high rate of young people (0-24

years - around 26% of total in 2010), while the elderly (+65 years old) represent only 19%, which

means one p.p. above the national average

Resident Population according to Age Groups

15,0 15,2 15,4 15,6 15,8

11,1 10,9 10,6 10,4 10,2

55,1 55,1 55,0 54,9 54,7

18,8 18,9 19,0 19,2 19,3

0,0

10,0

20,0

30,0

40,0

50,0

60,0

2006 2007 2008 2009 2010

Source:INE

0 - 14 years 15 - 24 years 25 - 64 years 65 years and over

Education

In the school year 2010/2011, students that enrolled in primary and secondary education accounted

for 4% of the national total, in both levels of education

Between the school year 2006/2007 and 2010/2011 the number of students that enrolled in higher

education increased by 1%

Algarve has an attainment rate of 151.5%, in secondary education, above the national average

(146.2%)



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Higher education institutions located in the Algarve provide a very good range of specialized

courses with a significant innovative component

Students enrolled according to educational level / Number of students

graduated

46.345

49

.083

5

2.552

47.

752

45.7

29

14.659

14.114

19.1

2

5

13.0

21

10.8

07

10.9

09

10.645

10.7

23

10.8

96

13.919

2.4722.563

2.147 2.178

0

25.000

50.000

75.000

100.000

2006/2007 2007/2008 2008/2009 2009/2010 2010/2011

Sources: GEPE, MEC

1.000

2.000

3.000

Primary Education Secondary Education Higher Education Graduated students

In the 12 higher education institutions, located in Algarve, the number of students that enrolled

exceeded 10,000 and graduates were more than 2,000 (2.7% of national total). The areas of

Business Studies (Management / Economics / Accounting), Health and Engineering andMathematics were chosen, respectively, by 20.4%, 14.1% and 8.5 % of the enrolled students.

Graduates in these same areas represented, respectively, 18.7%, 15% and 5.5% of total

About 27% of the students enrolled in higher education have chosen S&T areas

Labour activity / Employment

Active population in 2011: 229,000 individuals (4% of total)

Employed population (2010): 194,000 individuals (4% of total)The Algarve has an employment rate slightly below the national average (52.5% versus 53.5%) and

an activity rate above the national average (62.6% versus 61.3%) among individuals aged 15 years

or more



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Acti ve Popula tion / Emp loyment

202

203

200

194

194

217

218

223 2

23

229

3,9 3,9 4,0 3,94,0

100

150

200

250

300

2007 2008 2009 2010 2011

Source: INE - Employment Statistics

2,0

3,0

4,0

5,0

Active Population Employed Population Employment (% of total)

Knowledge

More than 60% of the population between 16 and 74 years old use computers and 56% have

Internet access

Informati on Society - Computer and Internet Access, 2010

61,7 59,255,5 56,0

59,555,4 53,7 51,1

0,0

10,0

20,0

30,0

40,0

50,0

60,0

70,0

Households Individuals 16-74years

Households Individuals 16-74years

Computer Internet

Source: INE/Survey on Information and Communication Technologies usage in private households, 2010

Algarve Portugal



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Economy

The Algarve economic development is unbalanced. The southern coast concentrates the majority of

the population, wealth creation and investment opportunities

Algarve Gross Domestic Product (GDP) in 2010: 7,381 million (4.3% of national GDP and 1.9%

increase compared to the previous year)

GDP per capita: 17,000 in 2010 (105 - index Portugal=100 and 85 index EU27=100)

GDP per i nhabi tant in PPP (UE27=100)

60

65

70

75

80

85

90

95

2001 2002 2003 2004 2005 2006 2007 2008 2009 2010P

Portugal

Algarve

Source: INE P=Provisional data

Annual average growth rate of GDP (2001-2010): 3.2% (national average in the same period: 2.8%)GVA Breakdown - 2010

Services

80,9%

Agriculture,

hunting,

forestry and

fishing

4,1%

Industry

(energy and

construction)

15,0%

Source: INE

Employment Breakdow n - 2010

Services

77,0%

Agriculture,

hunting,

forestry and

fishing

5,7%

Industry

(energy and

construction)

17,3%

Source: INE



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Turnover generated in 2009: 8,077 million (301 million in the manufacturing industry), which

represented 2.7% and 0.4% of national and manufacturing turnover, respectively

The Algarves economy is concentrated in three key sectors, significant employment rate, due to the

wealth generated by tourism (accomodation and restaurants), construction and wholesale and retail

tradeThe food sector and aquaculture, the latter related to biotechnology, are the most important sectors

in the Algarves economy and have a significant weight in total exportsProminent manufacturing industries in the Algarve: metal industry, food products, wood and corkIn 2011 Algarves exports (0.3% of total exports) registered a 44% growth compared to the previous

year despite the remaining trade balance deficit

Trade Balance

101

114

91

90

130

238 2

70

213

187 2

13

-136

-156 -1

21 -9

7-8

3

-200

-150

-100

-50

0

50

100

150

200

250

300

2007 2008 2009 2010P 2011P

P=Preliminary data(2010-2011)

Million

Exports Imports Balance

+ 44%

Source: INE (declared values)

0.3%

total exp.

5 major clients: Spain, Angola, Italy, Netherlands and France

More than half of total exports are food products followed by industrial products which represent

35% of the total



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Internacional Trade - Main Products, 2010P

7.8

45

7.7

71

4.1

77

3.2

00

26.

981

49.

421

9.

101

14.

849

8.8

17

23.4

76

23.7

61

17.

511

13.

604

2.7

50

0

10.000

20.000

30.000

40.000

50.000

60.000

Agricultural

products

Animals and

animal

products

Chemicals Machinery and

tools

Food products Vehicles and

other transport

material

Wood

P=Preliminary data

Thousand Exports

Imports

Source: INE (declared values)

Proportion of exports of high technology goods in 2011: 3.1% of total

In 2011, the number of nights spent in hotel establishments and similar accomodation increased 6%,

very close to the national average (5.8%)



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Companies

More than 58,000 companies are located in Algarve. These companies generate a turnover

exceeding 8 billion and have more than 155,000 employees

Business Enterprises - Number of companies and R&D Personnel,

2009

1.060.906

3.717.920

74.234

718.507

2.032

7.805

107.536

472.730

8.206

26.740

514.326

1.596.929

28.920

81.680

57.821

155.039

Business

Enterprises (N.)

R&D Personnel

(n.)

Business

Enterprises (N.)

R&D Personnel

(n.)

Portuga

l

Algarve

Services

Construction

Manufacturing

Total

Source: INE

The manufacturing industry is represented by more than 2,000 companies, which generate a

turnover around 300 million and have approximately 8,000 employees. The most representative

industries1 are the following: Metal Products (22.6% of total), Food industry (21.5%), Wood and

Cork (12.2%) and Non-Metallic Minerals (8%)

(1) Data refers to manufacturing companies (number) located in the region (GVA and Turnover data available only for somemanufacturing sectors)

Business Enterpr ises - Turnover and GVA, 2009

335.887

82.736

70.630

16.715

301

106423

185.085

38.964

5.073

1.254

8.077

2.331

34.581

9.501

1.418

Turnover (M)

GVA (M)

Turnover (M)

GVA (M)

Portuga

l

Algarv

eServices

Construction

Manufacturing

Total

Source: INE



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@

Number of exporting companies in 2010: 266 (1.5% of total)

Algarve has 83 Research Institutions (R & D Centres) with international recognitionBusiness Companies - R&D Personnel (Thousand)

6.133

9.459

12.784

14.510

13.922

34

48

61

108

98

Portugal

Algarve

Portugal

Algarve

Portugal

Algarve

Portugal

Algarve

Portugal

Algarve

2005

2006

2007

2008

2009

Fonte: INE Business Enterpr ises - R&D Expenditur e (Thousand)

462.015

736.402

1.010.790

1.295.099

1.311.070

4.433

5.224

5.117

519

2.818

Portugal

Algarve

Portugal

Algarve

Portugal

Algarve

Portugal

Algarve

Portugal

Algarve

2005

2006

2007

2008

2009

Fonte: INE R&D personnel hired by companies almost tripled, between 2005 and 2009. Spending in R&D

increased more than ten times in the same period


Tel. Lisboa: + 351 217 909 500 Contact Centre: 808 214 214 aicep portugalglobal.pt www.portugalglobal.pt

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PORTUGAL - ALGARVE REGION [AICEP]

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