Economy, jobs and prices in Região Autónoma dos Açores, Portugal: official figures
GDP per person was 29,000 purchasing power standards (PPS) in 2024, 73% of the EU average; 5th highest of 9 regions in Portugal. PPS adjust for price differences between countries.
How big is the economy of Região Autónoma dos Açores?
The regional economy produced €5.8 billion of output (GDP at market prices) in 2024, 2.0% of Portugal's GDP.
Source: Eurostat · saved copyWhat is the unemployment rate in Região Autónoma dos Açores?
The unemployment rate (age 15 to 74) was 4.9% in 2025, against 6.0% for Portugal and 6.0% across the EU; the lowest of 9 regions in Portugal.
Source: Eurostat · saved copyHow much does Região Autónoma dos Açores spend on research and development?
Spending on research and development came to 0.41% of GDP in 2024 (1.73% nationally).
Source: Eurostat · saved copyWhat is the average salary in The Azores?
The mean gross monthly earnings of employees working in the Azores were €1,315 in 2023, 4th lowest of 9 among Portugal’s regions and below the national figure of €1,461.
Source: INE, Instituto Nacional de Estatistica (Statistics Portugal) · saved copyWhat is the gender pay gap in The Azores?
The gender gap in mean monthly earnings in the Azores was 7.5% in 2023 (national: 8.3%), 3rd narrowest of 9 among Portugal’s regions.
Source: INE, Instituto Nacional de Estatistica (Statistics Portugal) · saved copyWhat is the average income in The Azores?
In 2023 residents of the Azores declared €11,211 of gross income per inhabitant to the tax authority, 4th highest of 9 among Portugal’s regions (below the national figure of €11,909).
Source: INE, Instituto Nacional de Estatistica (Statistics Portugal) · saved copyWhat is the median household income in The Azores?
The median gross declared income of a tax household in the Azores was €14,508 in 2023, below the national figure of €14,660.
Source: INE, Instituto Nacional de Estatistica (Statistics Portugal) · saved copyHow important is tourism in The Azores?
Tourist accommodation in the Azores offered 82.4 bed places per 1,000 residents in 2024 (national: 46.0), and 58.4% of guests came from abroad (61.4% nationally).
Source: INE, Instituto Nacional de Estatistica (Statistics Portugal) · saved copyHow many women in Região Autónoma dos Açores are in work?
73.9% of women aged 20 to 64 were in work in 2025 (Portugal: 77.0%; EU: 71.3%); the lowest of 9 regions in Portugal. In 2015 it was 61.3%.
Source: Eurostat · saved copyIs the economy of Região Autónoma dos Açores growing?
Output (gross value added, after inflation) changed by 2.2% in 2024 (Portugal: 2.0%); the highest of 9 regions in Portugal. In 2014 it was -0.3%.
Source: Eurostat · saved copyWhat is the average salary in Região Autónoma dos Açores?
Average compensation per employee (pay plus employer social contributions) was €14,038 in 2023, against €14,784 across Portugal; 4th highest of 9 regions in Portugal.
Source: Eurostat · saved copyHow many tourists visit Região Autónoma dos Açores?
Visitors spent 3.1 million nights in tourist accommodation in 2025, 65% of them by visitors from abroad.
Source: Eurostat · saved copyWhat is the main industry in Região Autónoma dos Açores?
The largest part of the economy of Região Autónoma dos Açores in 2024 was public administration, education, health and other services, at 33.7% of gross value added, followed by trade, transport, hospitality and communications (29.4%).
Source: Eurostat · saved copyHow industrial is Região Autónoma dos Açores?
Factories, mines and energy produced 7.9% of the value added in Região Autónoma dos Açores in 2024, against 16.4% for Portugal.
Source: Eurostat · saved copyHow fast is the economy of Região Autónoma dos Açores growing?
Gross value added rose from €3.3 billion in 2015 to €5.0 billion in 2024 in current prices, an increase of 53% before inflation.
Source: Eurostat · saved copyAre jobs growing in Região Autónoma dos Açores?
The number of people working in Região Autónoma dos Açores rose by 6.9% between 2015 and 2024, to 121,460.
Source: Eurostat · saved copyMore figures
- 16.3% of employees in the Azores held a higher-education degree in 2023, below the national figure of 25.8% (3rd lowest of 9 among Portugal’s regions). Source: INE, Instituto Nacional de Estatistica (Statistics Portugal) · saved copy
- 21.5% of employees in the Azores 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 Azores in 2023 were €1,338 in services and €1,264 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 8.4% of gross declared income in the Azores in 2023 (12.9% nationally), the lowest of 9 among Portugal’s regions. Source: INE, Instituto Nacional de Estatistica (Statistics Portugal) · saved copy
- Goods exports by firms based in the Azores were equal to 2.8% of the area’s GDP in 2024 (export intensity; national 27.3%), 2nd lowest of 9 among Portugal’s regions. Source: INE, Instituto Nacional de Estatistica (Statistics Portugal) · saved copy
- Exports covered 57.0% of imports for traders based in the Azores in 2024, below the national figure of 73.6%. Source: INE, Instituto Nacional de Estatistica (Statistics Portugal) · saved copy
How Região Autónoma dos Açores compares with other regions
Mean gross monthly earnings of employees (€) (2023)
Região Autónoma dos Açores ranks 6 of 9, highest first.
| Rank | Region | Mean gross monthly earnings of employees (€) |
|---|---|---|
| 3 | Norte | €1,349 |
| 4 | Alentejo | €1,326 |
| 5 | Região Autónoma da Madeira | €1,324 |
| 6 | Região Autónoma dos Açores | €1,315 |
| 7 | Centro (PT) | €1,306 |
| 8 | Oeste e Vale do Tejo | €1,250 |
| 9 | Algarve | €1,239 |
Gross income declared for IRS per inhabitant (€) (2023)
Região Autónoma dos Açores ranks 4 of 9, highest first.
| Rank | Region | Gross income declared for IRS per inhabitant (€) |
|---|---|---|
| 1 | Grande Lisboa | €14,922 |
| 2 | Península de Setúbal | €12,659 |
| 3 | Algarve | €11,403 |
| 4 | Região Autónoma dos Açores | €11,211 |
| 5 | Centro (PT) | €11,167 |
| 6 | Alentejo | €11,116 |
| 7 | Região Autónoma da Madeira | €10,900 |
Median gross declared income per tax household (€) (2023)
Região Autónoma dos Açores ranks 4 of 9, highest first.
| Rank | Region | Median gross declared income per tax household (€) |
|---|---|---|
| 1 | Grande Lisboa | €16,006 |
| 2 | Península de Setúbal | €15,676 |
| 3 | Centro (PT) | €14,910 |
| 4 | Região Autónoma dos Açores | €14,508 |
| 5 | Região Autónoma da Madeira | €14,346 |
| 6 | Oeste e Vale do Tejo | €14,290 |
| 7 | Norte | €14,118 |
Gender disparity in mean monthly earnings (%) (2023)
Região Autónoma dos Açores ranks 7 of 9, highest first.
| Rank | Region | Gender disparity in mean monthly earnings (%) |
|---|---|---|
| 3 | Alentejo | 10.1% |
| 4 | Grande Lisboa | 8.4% |
| 5 | Norte | 8.1% |
| 6 | Oeste e Vale do Tejo | 7.9% |
| 7 | Região Autónoma dos Açores | 7.5% |
| 8 | Região Autónoma da Madeira | 5.3% |
| 9 | Algarve | 5.0% |
Employment rate, women aged 20-64 (2025)
Região Autónoma dos Açores ranks 9 of 9, highest first.
| Rank | Region | Employment rate, women aged 20-64 |
|---|---|---|
| 3 | Alentejo | 78.7% |
| 4 | Centro (PT) | 78.0% |
| 5 | Península de Setúbal | 77.2% |
| 6 | Oeste e Vale do Tejo | 75.2% |
| 7 | Norte | 74.7% |
| 8 | Região Autónoma da Madeira | 74.4% |
| 9 | Região Autónoma dos Açores | 73.9% |
Real growth in gross value added (2024)
Região Autónoma dos Açores ranks 1 of 9, highest first.
| Rank | Region | Real growth in gross value added |
|---|---|---|
| 1 | Região Autónoma dos Açores | 2.2% |
| 2 | Norte | 2.1% |
| 3 | Oeste e Vale do Tejo | 2.1% |
| 4 | Algarve | 2.1% |
| 5 | Grande Lisboa | 2.0% |
| 6 | Península de Setúbal | 2.0% |
| 7 | Centro (PT) | 1.9% |
Compensation per employee (euros) (2023)
Região Autónoma dos Açores ranks 4 of 9, highest first.
| Rank | Region | Compensation per employee (euros) |
|---|---|---|
| 1 | Grande Lisboa | €17,789 |
| 2 | Região Autónoma da Madeira | €14,299 |
| 3 | Península de Setúbal | €14,279 |
| 4 | Região Autónoma dos Açores | €14,038 |
| 5 | Centro (PT) | €13,812 |
| 6 | Norte | €13,632 |
| 7 | Alentejo | €13,214 |
Nights spent in tourist accommodation (2025)
Região Autónoma dos Açores ranks 8 of 9, highest first.
| Rank | Region | Nights spent in tourist accommodation |
|---|---|---|
| 3 | Norte | 15.8 million |
| 4 | Região Autónoma da Madeira | 10.0 million |
| 5 | Centro (PT) | 6.3 million |
| 6 | Alentejo | 4.6 million |
| 7 | Oeste e Vale do Tejo | 4.2 million |
| 8 | Região Autónoma dos Açores | 3.1 million |
| 9 | Península de Setúbal | 2.4 million |
Share of output from industry (manufacturing, mining and energy) (2024)
Região Autónoma dos Açores ranks 6 of 9, highest first.
| Rank | Region | Share of output from industry (manufacturing, mining and energy) |
|---|---|---|
| 3 | Oeste e Vale do Tejo | 21.0% |
| 4 | Alentejo | 20.3% |
| 5 | Península de Setúbal | 16.3% |
| 6 | Região Autónoma dos Açores | 7.9% |
| 7 | Grande Lisboa | 6.8% |
| 8 | Região Autónoma da Madeira | 5.7% |
| 9 | Algarve | 4.8% |
Share of output from finance, property and business services (2024)
Região Autónoma dos Açores ranks 8 of 9, highest first.
| Rank | Region | Share of output from finance, property and business services |
|---|---|---|
| 3 | Algarve | 25.2% |
| 4 | Norte | 24.0% |
| 5 | Região Autónoma da Madeira | 21.1% |
| 6 | Oeste e Vale do Tejo | 20.1% |
| 7 | Centro (PT) | 19.7% |
| 8 | Região Autónoma dos Açores | 18.1% |
| 9 | Alentejo | 17.7% |
Share of output from public administration, education, health and other services (2024)
Região Autónoma dos Açores ranks 1 of 9, highest first.
| Rank | Region | Share of output from public administration, education, health and other services |
|---|---|---|
| 1 | Região Autónoma dos Açores | 33.7% |
| 2 | Região Autónoma da Madeira | 26.9% |
| 3 | Península de Setúbal | 24.4% |
| 4 | Alentejo | 24.1% |
| 5 | Centro (PT) | 22.3% |
| 6 | Grande Lisboa | 20.2% |
| 7 | Norte | 19.9% |
More on Região Autónoma dos Açores: overview · health · education and schools · poverty and living standards · government budget · government and politics · Portugal
Sources
- Eurostat: Eurostat dataset nama_10r_2gdp: GDP per person (purchasing power standards), read 23 October 2026 · saved copy (SHA-256 c21f724d14a6…)
- Eurostat: Eurostat dataset nama_10r_2gdp: GDP per person (euros), read 23 October 2026 · saved copy (SHA-256 537f99167955…)
- Eurostat: Eurostat dataset nama_10r_2gdp: GDP (million euros), read 23 October 2026 · saved copy (SHA-256 e3677c4e6d67…)
- Eurostat: Eurostat dataset lfst_r_lfu3rt: Unemployment rate (age 15-74), read 23 October 2026 · saved copy (SHA-256 13f5037ce93a…)
- Eurostat: Eurostat dataset lfst_r_lfe2emprt: Employment rate (age 20-64), read 23 October 2026 · saved copy (SHA-256 03191283bf5f…)
- Eurostat: Eurostat dataset rd_e_gerdreg: Research and development spending (% of GDP), read 23 October 2026 · saved copy (SHA-256 36a9132b2284…)
- 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 lfst_r_lfe2emprt: Employment rates by sex, age and NUTS 2 region, read 23 October 2026 · saved copy (SHA-256 51bfca80dc8b…)
- Eurostat: Eurostat dataset nama_10r_2gvagr: Real growth rate of regional gross value added (GVA) at basic prices by NUTS 2 region, read 23 October 2026 · saved copy (SHA-256 ba2c4bdc7c37…)
- Eurostat: Eurostat dataset nama_10r_3empers: Employment (thousand persons) by NUTS 3 region and industry, read 23 October 2026 · saved copy (SHA-256 222a97c302d3…)
- Eurostat: Eurostat dataset nama_10r_3gva: Gross value added at basic prices by NUTS 3 region and industry, read 23 October 2026 · saved copy (SHA-256 c656e8563bdf…)
- Eurostat: Eurostat dataset nama_10r_2coe: Compensation of employees by NUTS 2 region and industry, read 23 October 2026 · saved copy (SHA-256 895d7cc9e826…)
- Eurostat: Eurostat dataset tour_occ_nin2: Nights spent at tourist accommodation establishments by NUTS 2 region, read 23 October 2026 · saved copy (SHA-256 06f6a82909c0…)
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