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Economy, jobs and prices in Península de Setúbal, Portugal: official figures

GDP per person was 22,100 purchasing power standards (PPS) in 2024, 55% of the EU average; the lowest of 9 regions in Portugal. PPS adjust for price differences between countries.

GDP per person (PPS)
22,100
2024
GDP per person (euros)
18,200
2024
GDP (million euros)
15,320
2024
Unemployment rate
8.0%
2025
Youth unemployment rate
23.2%
2025
Employment rate (20-64)
79.9%
2025
R&D spending (% of GDP)
0.90%
2024
Mean gross monthly earnings of employees
€1,433
2023

How big is the economy of Península de Setúbal?

The regional economy produced €15.3 billion of output (GDP at market prices) in 2024, 5.3% of Portugal's GDP.

Source: Eurostat · saved copy

What is the unemployment rate in Península de Setúbal?

The unemployment rate (age 15 to 74) was 8.0% in 2025, against 6.0% for Portugal and 6.0% across the EU; the highest of 9 regions in Portugal.

Source: Eurostat · saved copy

What is youth unemployment in Península de Setúbal?

Youth unemployment (age 15 to 24) was 23.2% in 2025, against 19.5% for Portugal; the highest of 6 regions in Portugal.

Source: Eurostat · saved copy

What share of adults in Península de Setúbal are in work?

The employment rate (age 20 to 64) was 79.9% in 2025, against 79.6% for Portugal and 76.1% across the EU; 5th highest of 9 regions in Portugal.

Source: Eurostat · saved copy

How much does Península de Setúbal spend on research and development?

Spending on research and development came to 0.90% of GDP in 2024 (1.73% nationally).

Source: Eurostat · saved copy

What is the average salary in The Setúbal Peninsula?

The mean gross monthly earnings of employees working in the Setúbal Peninsula were €1,433 in 2023, 2nd highest of 9 among Portugal’s 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 Setúbal Peninsula?

In 2023 women employed in the Setúbal Peninsula faced a 12.8% 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 Setúbal Peninsula?

Gross income declared for personal income tax (IRS) in the Setúbal Peninsula came to €12,659 per inhabitant in 2023, above the national figure of €11,909 and 2nd highest of 9 among Portugal’s regions.

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

What is the median household income in The Setúbal Peninsula?

The median gross declared income of a tax household in the Setúbal Peninsula was €15,676 in 2023, above the national figure of €14,660.

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

How important is tourism in The Setúbal Peninsula?

Tourist accommodation in the Setúbal Peninsula offered 10.8 bed places per 1,000 residents in 2024 (national: 46.0), and 43.6% of guests came from abroad (61.4% nationally).

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

How many people in Península de Setúbal are long-term unemployed?

In 2025, 3.1% of the labour force in Península de Setúbal had been unemployed for 12 months or more (Portugal: 2.2%; EU: 1.9%); the highest of 7 regions in Portugal. In 2019 it was 4.0%.

Source: Eurostat · saved copy

What is the unemployment rate for women in Península de Setúbal?

The unemployment rate for women in Península de Setúbal was 8.0% in 2025 (Portugal: 6.5%; EU: 6.2%); the highest of 8 regions in Portugal. In 2019 it was 9.4%.

Source: Eurostat · saved copy

How many women in Península de Setúbal are in work?

The employment rate for women aged 20 to 64 reached 77.2% in 2025 (Portugal: 77.0%; EU: 71.3%); 5th highest of 9 regions in Portugal. In 2019 it was 73.3%.

Source: Eurostat · saved copy

Is the economy of Península de Setúbal growing?

In real terms the economy of Península de Setúbal grew by 2.0% in 2024 (gross value added), against 2.0% for Portugal as a whole; 4th lowest of 9 regions in Portugal. In 2014 it was -0.3%.

Source: Eurostat · saved copy

What is the average salary in Península de Setúbal?

Average compensation per employee (pay plus employer social contributions) was €14,279 in 2023, against €14,784 across Portugal; 3rd highest of 9 regions in Portugal.

Source: Eurostat · saved copy

How many tourists visit Península de Setúbal?

Visitors spent 2.4 million nights in tourist accommodation in 2025, 40% of them by visitors from abroad.

Source: Eurostat · saved copy

What is the main industry in Península de Setúbal?

The largest part of the economy of Península de Setúbal in 2024 was finance, property and business services, at 27.3% of gross value added, followed by trade, transport, hospitality and communications (24.8%).

Source: Eurostat · saved copy

How industrial is Península de Setúbal?

Factories, mines and energy produced 16.3% of the value added in Península de Setúbal in 2024, against 16.4% for Portugal.

Source: Eurostat · saved copy

How fast is the economy of Península de Setúbal growing?

Gross value added rose from €8.2 billion in 2015 to €13.3 billion in 2024 in current prices, an increase of 63% before inflation.

Source: Eurostat · saved copy

Are jobs growing in Península de Setúbal?

The number of people working in Península de Setúbal rose by 24.2% between 2015 and 2024, to 284,440.

Source: Eurostat · saved copy

More figures

How Península de Setúbal compares with other regions

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

Península de Setúbal ranks 2 of 9, highest first.

RankRegionMean gross monthly earnings of employees (€)
1Grande Lisboa€1,817
2Península de Setúbal€1,433
3Norte€1,349
4Alentejo€1,326
5Região Autónoma da Madeira€1,324
6Região Autónoma dos Açores€1,315
7Centro (PT)€1,306
Source: INE, Instituto Nacional de Estatistica (Statistics Portugal) · saved copy

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

Península de Setúbal ranks 2 of 9, highest first.

RankRegionGross income declared for IRS per inhabitant (€)
1Grande Lisboa€14,922
2Península de Setúbal€12,659
3Algarve€11,403
4Região Autónoma dos Açores€11,211
5Centro (PT)€11,167
6Alentejo€11,116
7Região Autónoma da Madeira€10,900
Source: INE, Instituto Nacional de Estatistica (Statistics Portugal) · saved copy

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

Península de Setúbal ranks 2 of 9, highest first.

RankRegionMedian gross declared income per tax household (€)
1Grande Lisboa€16,006
2Península de Setúbal€15,676
3Centro (PT)€14,910
4Região Autónoma dos Açores€14,508
5Região Autónoma da Madeira€14,346
6Oeste e Vale do Tejo€14,290
7Norte€14,118
Source: INE, Instituto Nacional de Estatistica (Statistics Portugal) · saved copy

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

Península de Setúbal ranks 1 of 9, highest first.

RankRegionGender disparity in mean monthly earnings (%)
1Península de Setúbal12.8%
2Centro (PT)10.1%
3Alentejo10.1%
4Grande Lisboa8.4%
5Norte8.1%
6Oeste e Vale do Tejo7.9%
7Região Autónoma dos Açores7.5%
Source: INE, Instituto Nacional de Estatistica (Statistics Portugal) · saved copy

Long-term unemployment (% of labour force) (2025)

Península de Setúbal ranks 1 of 7, highest first.

RankRegionLong-term unemployment (% of labour force)
1Península de Setúbal3.1%
2Norte2.6%
3Alentejo2.4%
4Grande Lisboa2.1%
5Oeste e Vale do Tejo1.9%
6Centro (PT)1.5%
7Algarve1.4%
Source: Eurostat · saved copy

Unemployment rate, women (2025)

Península de Setúbal ranks 1 of 8, highest first.

RankRegionUnemployment rate, women
1Península de Setúbal8.0%
2Norte7.2%
3Grande Lisboa6.3%
4Região Autónoma da Madeira6.3%
5Oeste e Vale do Tejo5.8%
6Centro (PT)5.7%
7Algarve5.6%
Source: Eurostat · saved copy

Employment rate, women aged 20-64 (2025)

Península de Setúbal ranks 5 of 9, highest first.

RankRegionEmployment rate, women aged 20-64
2Algarve79.2%
3Alentejo78.7%
4Centro (PT)78.0%
5Península de Setúbal77.2%
6Oeste e Vale do Tejo75.2%
7Norte74.7%
8Região Autónoma da Madeira74.4%
Source: Eurostat · saved copy

Real growth in gross value added (2024)

Península de Setúbal ranks 6 of 9, highest first.

RankRegionReal growth in gross value added
3Oeste e Vale do Tejo2.1%
4Algarve2.1%
5Grande Lisboa2.0%
6Península de Setúbal2.0%
7Centro (PT)1.9%
8Região Autónoma da Madeira1.3%
9Alentejo1.0%
Source: Eurostat · saved copy

Compensation per employee (euros) (2023)

Península de Setúbal ranks 3 of 9, highest first.

RankRegionCompensation per employee (euros)
1Grande Lisboa€17,789
2Região Autónoma da Madeira€14,299
3Península de Setúbal€14,279
4Região Autónoma dos Açores€14,038
5Centro (PT)€13,812
6Norte€13,632
7Alentejo€13,214
Source: Eurostat · saved copy

Nights spent in tourist accommodation (2025)

Península de Setúbal ranks 9 of 9, highest first.

RankRegionNights spent in tourist accommodation
3Norte15.8 million
4Região Autónoma da Madeira10.0 million
5Centro (PT)6.3 million
6Alentejo4.6 million
7Oeste e Vale do Tejo4.2 million
8Região Autónoma dos Açores3.1 million
9Península de Setúbal2.4 million
Source: Eurostat · saved copy

Share of output from industry (manufacturing, mining and energy) (2024)

Península de Setúbal ranks 5 of 9, highest first.

RankRegionShare of output from industry (manufacturing, mining and energy)
2Norte23.8%
3Oeste e Vale do Tejo21.0%
4Alentejo20.3%
5Península de Setúbal16.3%
6Região Autónoma dos Açores7.9%
7Grande Lisboa6.8%
8Região Autónoma da Madeira5.7%
Source: Eurostat · saved copy

Share of output from finance, property and business services (2024)

Península de Setúbal ranks 2 of 9, highest first.

RankRegionShare of output from finance, property and business services
1Grande Lisboa36.4%
2Península de Setúbal27.3%
3Algarve25.2%
4Norte24.0%
5Região Autónoma da Madeira21.1%
6Oeste e Vale do Tejo20.1%
7Centro (PT)19.7%
Source: Eurostat · saved copy

Share of output from public administration, education, health and other services (2024)

Península de Setúbal ranks 3 of 9, highest first.

RankRegionShare of output from public administration, education, health and other services
1Região Autónoma dos Açores33.7%
2Região Autónoma da Madeira26.9%
3Península de Setúbal24.4%
4Alentejo24.1%
5Centro (PT)22.3%
6Grande Lisboa20.2%
7Norte19.9%
Source: Eurostat · saved copy

More on Península de Setúbal: overview · health · education and schools · poverty and living standards · government budget · government and politics · Portugal

Sources

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