DREM releases a new edition of the Quarterly Statistical Bulletin with reference to the 4^th quarter of 2025

The Regional Directorate of Statistics of Madeira (DREM) releases today a new edition of the Quarterly Statistical Bulletin (QSB) dedicated to the 4^th quarter of 2025.

A summary of the main conclusions drawn from the Overview is presented below.

Majority of statistical indicators showed a favourable trend in the 4^th quarter of 2025

The statistical indicators for the 4^th quarter of 2025 showed a predominantly favourable performance, with those related to SIBS network activity, business dynamics, employment and wage, tourism and transport standing out positively, whilst agricultural indicators and those related to construction and housing were on the negative side.

The Regional Economic Activity Indicator (RIEA) shows a deceleration in the growth rate of economic activity in the Autonomous Region of Madeira (ARM) in the 4^th quarter of 2025 compared to the previous quarter. In December 2025, the last month of the reference quarter, a cycle of 57 consecutive months of continuous growth of the ARM economy was completed.

In the 4^th quarter of 2025, the regional unemployment rate stood at 4.9%, a value 0.8 percentage points (pp) below the same quarter of the previous year and 0.4 pp below the previous quarter. The annual average stood at 5.4%, representing a decrease of 0.2 pp compared to 2024.

In the reference quarter, the average gross monthly earnings per worker in the Region recorded a nominal year-on-year change of 4.4%, standing at 1 773 euros. The real change was also positive, at +1.0%. On an annual basis, nominal growth was 5.1% and real growth was 1.6%.

In 2025, in the ARM, the inflation rate (12-month average change recorded by the Consumer Price Index — CPI) was 3.5% (2.3% nationally), 0.2 pp above that recorded in the previous year (3.3%). The year-on-year change stood at 3.1% (+2.2% nationally) in December 2025, a value slightly above the 3.0% observed in the previous September.

The monetary data produced by the Bank of Portugal and redistributed by DREM show that the non-performing loans ratio of non-financial companies stood at 1.0% in December 2025, -0.1 pp compared to the previous September, and +0.3 pp compared to December 2024. In the households and NPISH sector, this ratio stood at 0.8%, the same value as observed at the end of the previous quarter and 0.1 pp below that recorded in the same quarter of the previous year.

According to SIBS data, in the reference quarter, cash withdrawals added to purchases through automatic payment terminals recorded year-on-year increases of 4.4%, 4.5% and 4.1% in the overall total, national cards and international cards, respectively. On an annual basis, the changes, in the same order, were +7.3%, +6.8% and +8.9%.

In the reference quarter, the balance between enterprise incorporated and dissolved in the ARM was positive (+205 enterprises), given that the number of enterprises incorporations with a registered office in the ARM (338) exceeded the number of dissolutions (133). In 2025, the balance was +1 146, with 1 580 incorporations and 434 dissolutions.

In the agricultural sector, banana commercialisation in the 4^th quarter of 2025 decreased compared to the same quarter of the previous year (-21.2%). The same occurred with livestock slaughtering (-21.4%) and the value of landed fish, which recorded a year-on-year decrease of 15.5%, explained primarily by the negative performance of black scabbardfish (-15.8%). In contrast, year-on-year increases were observed in egg production (+38.0%) and poultry meat (+12.4%). On an annual basis, and with the exception of eggs, which increased by 19.5% compared to 2024, all remaining indicators under analysis recorded negative changes: -14.4% in banana commercialisation, -8.6% in livestock slaughtering and -2.9% in the value of landed fish and poultry meat.

In the energy sector, it should be noted that, in year-on-year terms, electricity distribution increased by 3.0% in the 4^th quarter of 2025 and by 2.2% in 2025 as a whole.

With regard to construction investment, the results for the 4^th quarter of 2025 point to significant year-on-year declines: -34.0% in the number of housing transactions, -13.2% in building permits and -11.8% in the volume of cement sales (first sale). Between 2024 and 2025, whilst family dwelling sales and cement sales decreased (-13.5% and -5.4%, respectively), building permits grew by 2.2%.

In turn, Madeira Wine commercialisation in the 4^th quarter of 2025 decreased by 4.4% in value and 6.3% in volume. Over the year as a whole, volume fell by 2.6% and value by 1.2%.

In the reference quarter, passenger movement at the ARM airports recorded a year-on-year increase of 7.4%, in line with overnight stays and total revenues in tourist accommodation, which increased by 6.6% and 12.0% compared to the same quarter of the previous year, respectively. On an annual basis, in the same order, these variables grew by 11.8%, 8.4% and 17.5%. In maritime transport, the movement of goods at the ARM ports grew by 2.7% in the 4^th quarter of 2025 compared to the same quarter of the previous year. The annual change in this indicator was also positive, at +2.4%.

For access to the QSB, please visit:

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