NOTE: Following the publication of the Regional Accounts, most of the main indicators of the Economic Accounts for Agriculture for 2023 and 2024 were revised by Statistics Portugal (INE) on 19 January 2026.

In 2024

Gross Value Added of the agricultural sector increased by 7.6% and reached 77.3 million euros

In 2024, agricultural output in the Autonomous Region of Madeira (ARM) amounted to 157.7 million euros, representing a nominal increase of 3.2% compared with the previous year.

Of total regional agricultural output in 2024, 77.7% originated from crop production and 19.0% from animal production, with the remaining shares deriving from agricultural services and secondary non-agricultural activities. At the national level, the share of crop production was considerably lower (60.8%), although it remained more significant than animal production (32.6%).

Breaking down crop production, which totalled 122.5 million euros, the most representative components were fresh vegetables (40.0 million euros; -0.8% compared with 2023) and subtropical fruits (28.0 million euros; +24.9% year-on-year).

The largest share of animal output, which totalled 29.9 million euros (+7.5% compared with 2023), stemmed from poultry farming (poultry and egg production), accounting for 63.8% of that total.

Agricultural activity entails the use of a range of goods and services, referred to as intermediate consumption. In 2024, this variable amounted to approximately 80.4 million euros, reflecting a decrease of 0.7% compared with the previous year. Among its components, particular note should be made of the declines recorded in animal feed and agricultural services (both -2.3%) between 2023 and 2024.

The difference between agricultural output and intermediate consumption corresponds to the so-called agricultural Gross Value Added (GVA). In 2024, as intermediate consumption decreased (-0.7%) while output increased (+3.2%), agricultural GVA recorded a nominal increase of 7.6% between 2023 and 2024, reaching 77.3 million euros.

Finally, Gross Fixed Capital Formation, one of the components of Investment, amounted to 7.3 million euros, representing an increase of 2.1% compared with 2023.

For more information, please click on:

• Time series

Back

• Next