In 2013

GDP of the Autonomous Region of Madeira stood at 4,070.8 million euros according to the new series of the National and Regional Accounts

Statistics Portugal (INE) released today  the new series of the Regional Accounts, which incorporates, on the one side, the methodological changes associated to the implementation of the new European System of Accounts 2010 – ESA 2010 (comparing with the previous system, the ESA 1995) and, on the other side, the use of new structural data sources, notably the 2011 Census. The reference year for the new series is 2011.

In the case of the Autonomous Region of Madeira, the methodological changes which derive from the adoption of the new ESA had an important impact on the values of the Gross Domestic Product (GDP) and Gross Value Added (GVA) and also of other derived variables.

In 2013, the GDP of the Autonomous Region of Madeira stood at 4,070.8 million euros, while the GVA reached 3,589.3 million euros. The real GDP change rate was negative (-1.8%) and below the change rate registered in the country (-1.4%).

In the last year of the previous series, which was 2012, the GDP for the Autonomous Region of Madeira had been estimated at 4,811.5 million euros.

Going back to the new series, in 2013, the GDP per inhabitant stood at 15,5 thousand euros, while in the country this ratio was higher (16,4 thousand euros).

The GDP per capita disparity indexes in relation to the national and  EU average were 95 e 75, respectively. 

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