DREM releases the Input-Output Matrices for the regional economy to the year 2017

The Regional Directorate of Statistics of Madeira (DREM) released today the Input-Output Matrices (IOM) for the Autonomous Region of Madeira (ARM) for the year 2017. These matrices are consistent with the 2016 base of the National and Regional Accounts and were developed in collaboration with the Association for Science and Development of the Azores (ACDA). Researchers from the University of São Paulo, Brazil, who have extensive experience in producing similar matrices for various countries and regions worldwide, within the scope of the NEREUS network (Regional and Urban Economics Nucleus of the University of São Paulo) were responsible for producing the matrices for the ARM.

The input-output matrices provide an analysis of the interactions between different economic activities in the ARM, both internally and externally, in terms of goods and services transactions. They illustrate how each activity functions as both a supplier and a customer. As a supplier, it provides products to other sectors and meets final demand. As a customer, it acquires products from other sectors, imports goods, and utilizes services of productive factors. These interactions, reflected in various types of multipliers, allow for the assessment of the effects of economic shocks, such as changes in the components of final demand, on the overall economic activity and various primary inputs.

The model also has the advantage of predicting the effects of specific changes in the market across different sectors and assessing the impact of policies on the economy.

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