Economy Secretary Sees Signs of Cooling in Madeira's Economy
José Manuel Rodrigues says Madeira's economy shows signs of cooling and points to tax cuts in the next regional budget, at the 500 Biggest Companies awards.
Economy
Get the latest updates on Madeira’s economic landscape, covering key sectors like tourism, retail, real estate, and local industry. Follow news on business developments, investment initiatives, and policies shaping the island’s financial trends.
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Madeira's 500 Biggest Companies Grew Sales 7.6% in 2025
Madeira's 500 largest companies raised turnover 7.6% in 2025 to about €4.4 billion, ahead of the regional and national averages, a new study shows.
Madeira's Workforce Reaches a Record 142,900 People
Madeira's active population hit a record 142,900 in the third quarter of 2026, while unemployment fell to 4.0%, one of Portugal's lowest rates.
Madeira TVDE Association Signs Advertising Deal With Uber
Madeira's TVDE association and Uber Portugal signed a cooperation protocol. Companies will get 100 euros a month per car for ads on the sides of their vehicles.
Madeira Tourism Revenue Rises 7.2% to 95.8 Million Euros in September
Tourist accommodation in Madeira earned 95.8 million euros in September, up 7.2%, while room occupancy fell to 84.4%, preliminary DREM data shows.
Madeirans Among the Most Likely to Use Savings to Pay Off Debts
Only 31% of consumers in Madeira and the Azores would keep their savings rather than clear their debts, the lowest share in Portugal, an Intrum report finds.
Madeira Ports Authority Joins Port Innovation Forum in Barcelona
APRAM is taking part in the 'Ports and Innovation' forum in Barcelona with about 30 ports, with a focus on shore power for ships at berth.
Madeira's Grape Harvest Grows More Than 27% in 2026
Madeira produced about 3,637 tonnes of grapes in 2026, up 27.48% on 2025. IVBAM presented the figures at a wine forum in the Azores.
Bank Valuations of Madeira Homes Rise 14.3% in a Year
Banks valued Madeira homes at a median 2,642 euros per square metre in September 2026, up 14.3% in a year. Funchal passed 3,000 euros.
Via Rápida Carries 40,500 Vehicles a Day Through September
Traffic on Madeira's Via Rápida rose 1.4% in the first nine months of 2026, but growth stalled between July and September.
Couple Invests 500,000 Euros in New Gym in Ponta do Sol
Alex Sampaio and his wife opened a new gym in Ponta do Sol worth about 500,000 euros, with solar panels and classes for all ages.
