Alojamento Local in Madeira Grows 19.3% Compared to May 2024
In May 2025, Madeira’s tourism recorded 1.15 million overnight stays (up 7.8%), with Alojamento Local (AL) stays rising 19.3%.
Economy
Explore the economic pulse of Madeira. Get the latest news on key sectors like tourism, agriculture, and industry. Stay updated on business developments, investments, employment trends, and government policies shaping the island's financial landscape.
Check out the last
105 Posts
Madeira's Tax Revenue Grows to €1.3 Billion in 2024
In 2024, Madeira collected €1.32 billion in taxes, 9.2% more than in 2023. Higher company profits and consumer spending helped balance a drop in income tax caused by tax cuts.
Mortgage Payment Falls Below €400 for First Time Since 2023
Monthly mortgage payments keep falling, despite total loan amounts increasing.
1 Million Overnight Stays in April as Tourism Revenue Rises 22%
In April 2025, Madeira surpassed one million overnight stays and saw tourist revenue rise 22.2%, setting a new record.
Madeira Extends Emergency Grain Stock as World Conflicts Intensify
Madeira’s strategic grain reserve, set up in 2022, has been extended to 2027. It stores 4,300 tonnes of wheat in Caniçal to protect the island’s bread supply. The €700,000-a-year initiative strengthens food security amid global uncertainty.
Trump Threatens 50% Tariff on EU Goods Starting June
U.S. President Donald Trump recommended a 50% tariff on EU products starting in June, criticizing the EU’s trade policies as unfair.
Foreigners Make Up 85% of Tourism in Madeira, Highest in Portugal
With 2.6 million overnight stays from January to March - 85% from foreign visits - Madeira’s tourism industry keeps reaching new heights. Here are the most recent numbers!
Ronaldo Leads Top 10 of Highest Paid Athletes With €245 Million
Cristiano Ronaldo’s remarkable earnings in Saudi Arabia have made him the highest-paid athlete in the world for the third consecutive year. His estimated annual income stands at €245 million.
Number of Unemployed People in Madeira Rises by 12.6%
Madeira’s unemployment rises to 6.7% in early 2025, with 9,100 jobless. Despite challenges, employment and labor force participation remain historically strong.
Government Plans 1% VAT Decrease on Essential Goods
Madeira’s government plans to reduce VAT from 5% to 4% on 90 essential goods. They say it will ease household costs, but critics question its impact and timing. Is it a PR move or a well-intentioned action with little effect?
Madeira and China Discuss Closer Economic and Cultural Ties
The Chinese Ambassador to Portugal met today with Madeira’s Representative to strengthen ties in many economic sectors.
