Corrected press release on 18/01/22 according to the revision of some indicators by Statistics Portugal.

In 2020

Gross Value Added of the agricultural sector in Madeira decreased by 0.5%.

According to the latest Regional Economic Agricultural Accounts, made available by Statistics Portugal, the agricultural output in the Autonomous Region of Madeira stood at 96.8 million euros in 2020, decreasing by 3.6% from 2019 in nominal terms.

In 2020, 82.8% of the total agricultural output came from crop output and 12.2% from animal output, with the remaining percentage corresponds to agricultural services and Non-Agricultural Secondary Activities. In Portugal, the share of animal output was higher (35.3%), but still crop production was the most important component of agricultural output (58.8%).

In the Autonomous Region of Madeira, the main components of crop production in 2020 (80.1 million euros) were fresh vegetables (28.4 million euros, rising by 2.1% from 2019) and tropical fruits (19.1 million euros, up by 7.2% compared to 2019).

The main share of animal production, whose total was €11.8 million (+0.8% than in 2019), was derived from poultry (including eggs) which accounted for 57.6% of that total.

The intermediate consumption stood at 38.0 million euros, decreasing by 8.1% from 2019.

The Gross Value Added (GVA) corresponds to the difference between production (at basic prices) and intermediate consumption. In 2020, the GVA reached 58.8 million euros, decreasing by only 0.5% between 2019 and 2020.

Gross Fixed Capital Formation (GFCF) stood at 6.6 million euros, down by 7.6% from 2019.

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