In 2021

Non-financial companies in the Autonomous Region of Madeira reached historical highs in terms of turnover, staff employed, and number of establishments

The Regional Directorate of Statistics of Madeira (DREM) has released the final data on non-financial company establishments in the Autonomous Region of Madeira for the year 2021 on its official statistics website.

This information is of significant importance, particularly with the increasing prominence of major brands, especially in the trade sector, as indicated by the annual information from the Larged Sized Commercial Units (LSCU) project.

It is worth noting that a company, regardless of its headquarters location in the country, may have multiple establishments in different areas of the territory. This means that there are establishments in the Autonomous Region of Madeira (ARM) that belong to companies headquartered outside the ARM, and there are also ARM companies with establishments on the mainland and/or in the Autonomous Region of the Azores.

In 2021, the ARM had a total of 31,744 establishments of non-financial companies, employing approximately 88,414 persons and generating a turnover of 7.1 billion euros. The number of establishments increased by 1,085 (+3.5%) compared to the previous year, with significant contributions to this growth coming from the sectors of "Information and communication activities" (+24.4%), "Real estate activities" (+18.0%), "Consultancy, scientific, technical, and similar activities" (+13.5%), "Human health and social work activities" (+12.2%), and "Construction" (+7.6%). Porto Santo (13.5%) experienced the highest relative growth in the number of establishments compared to 2020, followed by São Vicente (+4.5%) and Funchal and Ribeira Brava (both with +4.2%).

In terms of geographical distribution, the location of establishments aligns with the location of companies, with a notable concentration in the municipalities of Funchal (49.9%), Santa Cruz (13.1%), and Câmara de Lobos (9.5%). These municipalities also account for the highest shares of employment, with 59.8%, 11.5%, and 7.0% of total employment, respectively.

Compared to 2020, the staff employed increased by 2.9% (+2,521 workers), with significant contributions to this growth coming from the municipalities of Calheta (+15.9%), Porto Santo (+7.1%), Ponta do Sol (+3.9%), Funchal, and Santana (both with 3.5%). However, there was a decrease in personnel in the municipalities of Ribeira Brava (-14.5%) and Machico (-2.3%). The sectors that experienced the highest growth in staff employed were "Information and communication activities" (+29.7%), "Real estate activities" (+12.5%), "Human health and social work activities" (+11.1%), "Consultancy, scientific, technical, and similar activities" (+9.8%), and "Construction" (+9.4%). Notably, there was a reduction in personnel in the "Transportation and storage" sector (-12.4%).

The turnover of regional non-financial company establishments in the Region also saw an increase compared to the previous year (+31.6%), with significant growth observed in sectors such as "Artistic, entertainment, sports, and recreational activities" (+102.9%), "Transportation and storage" (+76.4%), "Real estate activities" (+73.9%), "Accommodation, food service, and similar activities" (+57.9%), "Information and communication activities" (+55.0%), "Construction" (+25.9%), and "Trade" (+24 .9%). All municipalities witnessed positive year-on-year changes, with Porto Moniz (+66.4%), Funchal (+36.2%), São Vicente (+35.8%), Santana (+34.7%), and Porto Santo (+34.4%) standing out.

It is worth highlighting that establishments involved in ""Trade" (43.3%), "Construction" (10.7%), "Accommodation, food service, and similar activities" (8.0%), "Transportation and storage" (7.9%), and "Manufacturing industries" (5.2%) hold the largest shares in terms of total turnover.

DREM releases the publication "Business Sector of ARM-2021"

With the release of the establishment data for 2021, DREM is now publishing the "Business Sector of RAM-2021" report today, thereby completing the time series (2008-2021) for this statistical area.

For more information, please click on:

• Tables
• Time series

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