Economy, jobs and prices in Funchal, Portugal: official figures
The mean gross monthly earnings of employees working in the municipality of Funchal were €1,378 in 2023, 3rd lowest of 10 among the cities profiled here and below the national figure of €1,461.
What is the gender pay gap in Funchal?
In 2023 women employed in the municipality of Funchal faced a 5.4% disparity in mean monthly earnings by sex, compared with 8.3% across Portugal.
Source: INE, Instituto Nacional de Estatistica (Statistics Portugal) · saved copyWhat is the average income in Funchal?
Gross income declared for personal income tax (IRS) in the municipality of Funchal came to €13,119 per inhabitant in 2023, above the national figure of €11,909 and 5th highest of 10 among the cities profiled here.
Source: INE, Instituto Nacional de Estatistica (Statistics Portugal) · saved copyWhat is the median household income in Funchal?
The median gross declared income of a tax household in the municipality of Funchal was €15,321 in 2023, above the national figure of €14,660.
Source: INE, Instituto Nacional de Estatistica (Statistics Portugal) · saved copyHow important is tourism in Funchal?
Tourist accommodation in the municipality of Funchal offered 243.9 bed places per 1,000 residents in 2024 (national: 46.0), and 79.2% of guests came from abroad (61.4% nationally).
Source: INE, Instituto Nacional de Estatistica (Statistics Portugal) · saved copyWhat is the unemployment rate in Funchal?
The unemployment rate in Funchal was 12.1% in 2021 (11.9% for women, 12.2% for men).
Source: Eurostat · saved copyWhat are the main jobs in Funchal?
17,831 jobs were based in Funchal in 2023; the biggest employers were trade, transport, hotels and restaurants (147% of jobs) and professional, scientific and administrative services (75%).
Source: Eurostat · saved copyHow many tourists visit Funchal?
Tourist accommodation in Funchal recorded 1,611,736 nights in 2020, 83% by visitors from abroad.
Source: Eurostat · saved copyMore figures
- 20.5% of employees in the municipality of Funchal held a higher-education degree in 2023, below the national figure of 25.8% (4th lowest of 10 among the cities profiled here). Source: INE, Instituto Nacional de Estatistica (Statistics Portugal) · saved copy
- 36.2% of employees in the municipality of Funchal worked in establishments of firms with 250 or more staff in 2023, against 30.6% nationally. Source: INE, Instituto Nacional de Estatistica (Statistics Portugal) · saved copy
- Mean monthly earnings in the municipality of Funchal in 2023 were €1,375 in services and €1,397 in industry and construction; the national services figure was €1,507. Source: INE, Instituto Nacional de Estatistica (Statistics Portugal) · saved copy
- Personal income tax paid absorbed 11.1% of gross declared income in the municipality of Funchal in 2023 (12.9% nationally), 2nd lowest of 10 among the cities profiled here. Source: INE, Instituto Nacional de Estatistica (Statistics Portugal) · saved copy
How Funchal compares with other cities in Portugal
Mean gross monthly earnings of employees (€) (2023)
Funchal ranks 8 of 10, highest first.
| Rank | City | Mean gross monthly earnings of employees (€) |
|---|---|---|
| 4 | Sintra | €1,440 |
| 5 | Setubal | €1,429 |
| 6 | Coimbra | €1,419 |
| 7 | Braga | €1,391 |
| 8 | Funchal | €1,378 |
| 9 | Viseu | €1,255 |
| 10 | Guimarães | €1,179 |
Gross income declared for IRS per inhabitant (€) (2023)
Funchal ranks 5 of 10, highest first.
| Rank | City | Gross income declared for IRS per inhabitant (€) |
|---|---|---|
| 2 | Porto | €15,653 |
| 3 | Coimbra | €15,145 |
| 4 | Setubal | €13,228 |
| 5 | Funchal | €13,119 |
| 6 | Vila Franca de Xira | €12,713 |
| 7 | Braga | €12,260 |
| 8 | Sintra | €12,030 |
Median gross declared income per tax household (€) (2023)
Funchal ranks 7 of 10, highest first.
| Rank | City | Median gross declared income per tax household (€) |
|---|---|---|
| 4 | Setubal | €16,016 |
| 5 | Braga | €15,929 |
| 6 | Viseu | €15,926 |
| 7 | Funchal | €15,321 |
| 8 | Porto | €15,000 |
| 9 | Sintra | €14,693 |
| 10 | Guimarães | €14,358 |
Gender disparity in mean monthly earnings (%) (2023)
Funchal ranks 8 of 10, highest first.
| Rank | City | Gender disparity in mean monthly earnings (%) |
|---|---|---|
| 4 | Coimbra | 10.2% |
| 5 | Braga | 8.1% |
| 6 | Vila Franca de Xira | 7.1% |
| 7 | Sintra | 5.6% |
| 8 | Funchal | 5.4% |
| 9 | Guimarães | 5.3% |
| 10 | Viseu | 4.9% |
Unemployment rate (2021)
Funchal ranks 1 of 10, highest first.
| Rank | City | Unemployment rate |
|---|---|---|
| 1 | Funchal | 12.1% |
| 2 | Porto | 10.9% |
| 3 | Setubal | 9.1% |
| 4 | Sintra | 9.1% |
| 5 | Lisboa | 8.8% |
| 6 | Vila Franca de Xira | 7.8% |
| 7 | Braga | 7.6% |
Tourist nights (2020)
Funchal ranks 3 of 10, highest first.
| Rank | City | Tourist nights |
|---|---|---|
| 1 | Lisboa | 4,425,742 |
| 2 | Porto | 1,861,226 |
| 3 | Funchal | 1,611,736 |
| 4 | Braga | 263,609 |
| 5 | Coimbra | 253,373 |
| 6 | Sintra | 247,778 |
| 7 | Setubal | 193,232 |
More on Funchal: overview · health · education and schools · poverty and living standards · government budget · government and politics · all cities in Portugal
Sources
- Eurostat: Eurostat dataset urb_ctour: Urban Audit: culture and tourism (cities), read 23 October 2026 · saved copy (SHA-256 235d13e6125c…)
- INE, Instituto Nacional de Estatistica (Statistics Portugal): Anuarios Estatisticos Regionais 2024 (Regional Statistical Yearbooks, 2025 release): all subchapter tables in XLSX by municipality, NUTS 3 and NUTS 2, read 24 October 2026 · saved copy (SHA-256 36f716bda712…)
- Eurostat: Eurostat dataset urb_clma: Urban Audit: labour market (cities), read 23 October 2026 · saved copy (SHA-256 be050965f9c6…)
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