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DREM releases Regional Economic Accounts for Agriculture according to new benchmark year 2016 

The Regional Directorate of Statistics of Madeira (DREM) releases today the latest Regional Economic Accounts for Agriculture (REGEAA), recently made available by Statistics Portugal.

These data refer to the 1995-2018 period, with the information for the latter year being provisional.

In 2018

Agricultural output in the Autonomous Region of Madeira rose by 3.9%

The REGEAA data show that the agricultural output in the Autonomous Region of Madeira stood at 102.8 million euros in 2017, growing by 3.9% from 2017 in nominal terms.

In 2017, 83.8% of the total agricultural output came from crop output and 11.9% from animal output, with the remaining percentage resulting from agricultural services and Non-Agricultural Secondary Activities. In Portugal, the weight of animal output was higher (37.2%), but still crop production was also the most important component of agricultural output (57.8%).

In the Autonomous Region of Madeira, the main components of crop production in 2018 (86.2 million euros) were fresh vegetables (27.2 million euros, up by 4.9% from 2017) and tropical fruits (16.6 million euros, down by 1.8% from the year 2017).

Aviculture accounts for 56.9% of animal output, whose total reached 12.2 million euros.

The intermediate consumption stood at 43.0 million euros, growing by 2.1% from 2017.

The Gross Value Added (GVA) corresponds to the difference between production (at basic prices) and intermediate consumption. In 2018, the GVA reached 59.8 million euros, increasing by 5.2% between 2017 and 2018.

Gross Fixed Capital Formation (GFCF) stood at 4.9 million euros, up by 3.9% from 2017.

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