DREM releases, for the first time, data on Foreign Direct Investment in the Region

The Regional Directorate of Statistics of Madeira releases today information regarding Foreign Direct Investment (FDI) in the Autonomous Region of Madeira. This data originated from the Bank of Portugal (BdP).

The FDI data is presented by beneficiary region, taking into account the new Nomenclature of Territorial Units for Statistics (NUTS 2024), which came into effect in January of the current year.

The statistics are segmented by enterprise headquarters (the location of the entity directly receiving FDI) and by establishment (which also includes the location of other relevant entities within the perimeter of FDI beneficiary enterprises). This segmentation forms the basis for the analysis below.

FDI in the ARM establishments stood at 8.6 billion euros in 2023

In 2023, the FDI in establishments located in the ARM reached a value of 8,644.7 million euros, marking a growth of 0.7% compared to the previous year.

However, it is worth noting that in 2020, the threshold for the FDI in the ARM fell below 10 billion euros, a value that had consistently been surpassed in the three preceding years. In 2017, the first year for which BdP provided data, the FDI in the ARM establishments amounted to 17.7 billion euros.

Despite its relatively small size, Madeira recorded a FDI value in 2023 that exceeded that of other regions such as Oeste and Vale do Tejo (2.6 billion euros), Setúbal (3.9 billion euros), and Alentejo ( 6.2 billion euros). The Autonomous Region of the Azores (ARA) reported the lowest FDI, approximately 523.5 million euros.

In terms of percentage, the ARM accounted for 4.8% of the country’s FDI, significantly surpassing both the share of the resident population (2.4%) and the GDP (2.5%).

In 2023, the regions that exhibited the highest Foreign Direct Investment (FDI) growth rates were Alentejo (+12.0%), Setúbal (+11.9%), Algarve (+11.3%), and the Autonomous Region of the Azores (ARA) (+9.4%). Conversely, the lowest growth rates were observed in the Autonomous Region of Madeira (+0.7%), followed by Centro (+1.8%), Norte (+3.2%), and Lisboa (+6.7%).

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