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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.

GDP per person (PPS)
29,000
2024
GDP per person (euros)
23,800
2024
GDP (million euros)
5,753
2024
Unemployment rate
4.9%
2025
Employment rate (20-64)
76.7%
2025
R&D spending (% of GDP)
0.41%
2024
Mean gross monthly earnings of employees
€1,315
2023
Gross declared income per inhabitant (IRS)
€11,211
2023

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 copy

What 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 copy

What share of adults in Região Autónoma dos Açores are in work?

The employment rate (age 20 to 64) was 76.7% in 2025, against 79.6% for Portugal and 76.1% across the EU; the lowest of 9 regions in Portugal.

Source: Eurostat · saved copy

How 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 copy

What 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 copy

What 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 copy

What 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 copy

What 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 copy

How 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 copy

How 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 copy

Is 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 copy

What 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 copy

How 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 copy

What 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 copy

How 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 copy

How 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 copy

Are 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 copy

More figures

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.

RankRegionMean gross monthly earnings of employees (€)
3Norte€1,349
4Alentejo€1,326
5Região Autónoma da Madeira€1,324
6Região Autónoma dos Açores€1,315
7Centro (PT)€1,306
8Oeste e Vale do Tejo€1,250
9Algarve€1,239
Source: INE, Instituto Nacional de Estatistica (Statistics Portugal) · saved copy

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

Região Autónoma dos Açores ranks 4 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)

Região Autónoma dos Açores ranks 4 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)

Região Autónoma dos Açores ranks 7 of 9, highest first.

RankRegionGender disparity in mean monthly earnings (%)
3Alentejo10.1%
4Grande Lisboa8.4%
5Norte8.1%
6Oeste e Vale do Tejo7.9%
7Região Autónoma dos Açores7.5%
8Região Autónoma da Madeira5.3%
9Algarve5.0%
Source: INE, Instituto Nacional de Estatistica (Statistics Portugal) · saved copy

Employment rate, women aged 20-64 (2025)

Região Autónoma dos Açores ranks 9 of 9, highest first.

RankRegionEmployment rate, women aged 20-64
3Alentejo78.7%
4Centro (PT)78.0%
5Península de Setúbal77.2%
6Oeste e Vale do Tejo75.2%
7Norte74.7%
8Região Autónoma da Madeira74.4%
9Região Autónoma dos Açores73.9%
Source: Eurostat · saved copy

Real growth in gross value added (2024)

Região Autónoma dos Açores ranks 1 of 9, highest first.

RankRegionReal growth in gross value added
1Região Autónoma dos Açores2.2%
2Norte2.1%
3Oeste e Vale do Tejo2.1%
4Algarve2.1%
5Grande Lisboa2.0%
6Península de Setúbal2.0%
7Centro (PT)1.9%
Source: Eurostat · saved copy

Compensation per employee (euros) (2023)

Região Autónoma dos Açores ranks 4 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)

Região Autónoma dos Açores ranks 8 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)

Região Autónoma dos Açores ranks 6 of 9, highest first.

RankRegionShare of output from industry (manufacturing, mining and energy)
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%
9Algarve4.8%
Source: Eurostat · saved copy

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

Região Autónoma dos Açores ranks 8 of 9, highest first.

RankRegionShare of output from finance, property and business services
3Algarve25.2%
4Norte24.0%
5Região Autónoma da Madeira21.1%
6Oeste e Vale do Tejo20.1%
7Centro (PT)19.7%
8Região Autónoma dos Açores18.1%
9Alentejo17.7%
Source: Eurostat · saved copy

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

Região Autónoma dos Açores ranks 1 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 Região Autónoma dos Açores: overview · health · education and schools · poverty and living standards · government budget · government and politics · Portugal

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