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Economy, jobs and prices in Cávado (Norte, Portugal): official figures

GDP per person was 28,000 purchasing power standards (PPS) in 2024, 70% of the EU average (82% for Portugal); 12th highest of 26 intermunicipal communities in Portugal.

GDP per person (PPS)
28,000
2024
People in work
212,550
2023
Mean gross monthly earnings of employees
€1,276
2023
Gross declared income per inhabitant (IRS)
€10,828
2023

How big is the economy of Cávado?

The local economy produced €9.9 billion of output (GDP) in 2024.

Source: Eurostat · saved copy

How many people work in Cávado?

About 212,550 people worked in Cávado in 2023 (employment by place of work).

Source: Eurostat · saved copy

What is the average salary in The Cávado?

The mean gross monthly earnings of employees working in the Cávado were €1,276 in 2023, 11th highest of 26 among Portugal’s NUTS 3 sub-regions and below the national figure of €1,461.

Source: INE, Instituto Nacional de Estatistica (Statistics Portugal) · saved copy

What is the gender pay gap in The Cávado?

In 2023 women employed in the Cávado faced a 7.5% disparity in mean monthly earnings by sex, compared with 8.3% across Portugal.

Source: INE, Instituto Nacional de Estatistica (Statistics Portugal) · saved copy

What is the average income in The Cávado?

Gross income declared for personal income tax (IRS) in the Cávado came to €10,828 per inhabitant in 2023, below the national figure of €11,909 and 13th lowest of 26 among Portugal’s NUTS 3 sub-regions.

Source: INE, Instituto Nacional de Estatistica (Statistics Portugal) · saved copy

What is the median household income in The Cávado?

The median gross declared income of a tax household in the Cávado was €14,514 in 2023, below the national figure of €14,660.

Source: INE, Instituto Nacional de Estatistica (Statistics Portugal) · saved copy

How important is tourism in The Cávado?

Tourist accommodation in the Cávado offered 21.4 bed places per 1,000 residents in 2024 (national: 46.0), and 41.1% of guests came from abroad (61.4% nationally).

Source: INE, Instituto Nacional de Estatistica (Statistics Portugal) · saved copy

What is the main industry in Cávado?

The largest part of the economy of Cávado in 2023 was industry (manufacturing, mining and energy), at 24.3% of gross value added, followed by trade, transport, hospitality and communications (22.3%).

Source: Eurostat · saved copy

How industrial is Cávado?

Factories, mines and energy produced 24.3% of the value added in Cávado in 2023, against 16.6% for Portugal.

Source: Eurostat · saved copy

How fast is the economy of Cávado growing?

Gross value added rose from €5.0 billion in 2015 to €8.1 billion in 2023 in current prices, an increase of 61% before inflation.

Source: Eurostat · saved copy

What jobs do people do in Cávado?

Of the 212,550 jobs located in Cávado in 2023, 24% in public services, education, health and other services, 25% in industry and 4.1% in farming, forestry and fishing.

Source: Eurostat · saved copy

Are jobs growing in Cávado?

The number of people working in Cávado rose by 14.8% between 2015 and 2023, to 212,550.

Source: Eurostat · saved copy

More figures

How Cávado compares with other intermunicipal communities in Portugal

Mean gross monthly earnings of employees (€) (2023)

Cávado ranks 11 of 26, highest first.

RankAreaMean gross monthly earnings of employees (€)
8Região Autónoma da Madeira€1,324
9Região de Coimbra€1,319
10Região Autónoma dos Açores€1,315
11Cávado€1,276
12Alentejo Central€1,272
13Lezíria do Tejo€1,261
14Médio Tejo€1,259
Source: INE, Instituto Nacional de Estatistica (Statistics Portugal) · saved copy

Gross income declared for IRS per inhabitant (€) (2023)

Cávado ranks 14 of 26, highest first.

RankAreaGross income declared for IRS per inhabitant (€)
11Região Autónoma da Madeira€10,900
12Oeste€10,887
13Lezíria do Tejo€10,881
14Cávado€10,828
15Médio Tejo€10,728
16Alto Alentejo€10,631
17Baixo Alentejo€10,555
Source: INE, Instituto Nacional de Estatistica (Statistics Portugal) · saved copy

Median gross declared income per tax household (€) (2023)

Cávado ranks 9 of 26, highest first.

RankAreaMedian gross declared income per tax household (€)
6Alentejo Central€15,104
7Área Metropolitana do Porto€14,949
8Médio Tejo€14,540
9Cávado€14,514
10Região Autónoma dos Açores€14,508
11Viseu Dão Lafões€14,396
12Região Autónoma da Madeira€14,346
Source: INE, Instituto Nacional de Estatistica (Statistics Portugal) · saved copy

Gender disparity in mean monthly earnings (%) (2023)

Cávado ranks 16 of 26, highest first.

RankAreaGender disparity in mean monthly earnings (%)
13Oeste8.2%
14Viseu Dão Lafões8.0%
15Beira Baixa7.6%
16Cávado7.5%
17Região Autónoma dos Açores7.5%
18Alto Minho7.0%
19Alto Tâmega e Barroso7.0%
Source: INE, Instituto Nacional de Estatistica (Statistics Portugal) · saved copy

Share of output from industry (manufacturing, mining and energy) (2023)

Cávado ranks 7 of 21, highest first.

RankAreaShare of output from industry (manufacturing, mining and energy)
4Alto Minho30.0%
5Região de Leiria28.2%
6Alentejo Litoral25.4%
7Cávado24.3%
8Baixo Alentejo24.1%
9Beira Baixa23.9%
10Viseu Dão Lafões23.7%
Source: Eurostat · saved copy

Share of output from finance, property and business services (2023)

Cávado ranks 2 of 21, highest first.

RankAreaShare of output from finance, property and business services
1Área Metropolitana do Porto28.0%
2Cávado22.1%
3Oeste21.3%
4Alto Tâmega e Barroso21.2%
5Região de Leiria21.0%
6Região de Coimbra20.6%
7Alto Minho20.2%
Source: Eurostat · saved copy

Share of output from public administration, education, health and other services (2023)

Cávado ranks 13 of 21, highest first.

RankAreaShare of output from public administration, education, health and other services
10Viseu Dão Lafões22.8%
11Baixo Alentejo22.2%
12Alto Minho20.7%
13Cávado19.7%
14Área Metropolitana do Porto19.0%
15Tâmega e Sousa18.3%
16Lezíria do Tejo17.8%
Source: Eurostat · saved copy

More on Cávado: overview · health · education and schools · poverty and living standards · government budget · government and politics · Norte · Portugal

Sources

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