Gross fixed capital formation by NUTS 2 region for total economy and in Algarve
Algarve: Gross fixed capital formation by NUTS 2 region for total economy and was 2,688 in 2023. ▼ Falling
Gross fixed capital formation by NUTS 2 region for total economy and in Algarve, 2000–2023
Source: Eurostat.
Analysis
In 2023, gross fixed capital formation by nuts 2 region for total economy and in Algarve stood at 2,688.
Compared with earlier readings it is up 9.9% on the previous year and up 148.3% over ten years.
Over the whole period, gross fixed capital formation by nuts 2 region for total economy and in Algarve peaked at 3,357 in 2007 and was at its lowest, 1,082, in 2013.
Algarve ranks 292nd of 322 regions on this measure, in the bottom quarter.
The long-run direction has been consistently falling across the 24 years of available data.
Gross fixed capital formation by NUTS 2 region for total economy and in Algarve, year by year
| Year | Value | Change |
|---|---|---|
| 2000 | 1,658 | — |
| 2001 | 2,133 | +28.7% |
| 2002 | 1,997 | -6.4% |
| 2003 | 2,257 | +13.0% |
| 2004 | 2,223 | -1.5% |
| 2005 | 2,294 | +3.2% |
| 2006 | 2,725 | +18.8% |
| 2007 | 3,357 | +23.2% |
| 2008 | 2,751 | -18.1% |
| 2009 | 2,061 | -25.1% |
| 2010 | 1,987 | -3.6% |
| 2011 | 1,781 | -10.4% |
| 2012 | 1,231 | -30.9% |
| 2013 | 1,082 | -12.1% |
| 2014 | 1,176 | +8.7% |
| 2015 | 1,290 | +9.7% |
| 2016 | 1,316 | +2.0% |
| 2017 | 1,552 | +18.0% |
| 2018 | 1,748 | +12.6% |
| 2019 | 1,921 | +9.9% |
| 2020 | 1,862 | -3.0% |
| 2021 | 2,113 | +13.5% |
| 2022 | 2,446 | +15.8% |
| 2023 | 2,688 | +9.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 2,346 | 1,658 | 3,357 | 10 |
| 2010s | 1,508 | 1,082 | 1,987 | 10 |
| 2020s | 2,277 | 1,862 | 2,688 | 4 |
More reference data data for Algarve
- Exposure to extreme precipitation — Annual precipitation change -233.72 Millimetres per year (2023)
- Exposure to extreme temperature — Annual temperature change 1.15 Degrees celsius (2023)
- Projected deaths by age, sex, type of projection and NUTS 3 region 4,780 Person (2100)
- Assumptions for probability of dying by age, sex, type of projection 0.0002 Number (2100)
- Cooling and heating degree days by NUTS 2 regions - monthly data 181.99 Number (2025)
- Cooling and heating degree days by NUTS 2 regions - annual data 748.45 Number (2025)
- R&D personnel by sector of performance and region — R&D Personnel 2,179 Persons (2024)
- Victims in road accidents by NUTS 2 region 43 Number (2024)
- Stock of vehicles by category and NUTS 2 region 518 Number (2016)
- Physicians by NUTS 2 region 2,064 Number (2023)
Frequently asked questions
- What is gross fixed capital formation by nuts 2 region for total economy and in Algarve?
- Gross fixed capital formation by nuts 2 region for total economy and in Algarve was 2,688 in 2023, according to Eurostat.
- What is the highest gross fixed capital formation by nuts 2 region for total economy and recorded in Algarve?
- The highest recorded value was 3,357 in 2007.
- What is the lowest gross fixed capital formation by nuts 2 region for total economy and recorded in Algarve?
- The lowest recorded value was 1,082 in 2013.
- How does Algarve rank for gross fixed capital formation by nuts 2 region for total economy and?
- Algarve ranks 292nd out of 322 regions with data for 2023.
- Is gross fixed capital formation by nuts 2 region for total economy and rising or falling in Algarve?
- Over the last ten years it is up 148.3%. The long-run trend across the full record is falling.
- Where does this Algarve data come from?
- The figures come from Eurostat, published as part of Gross fixed capital formation by NUTS 2 region for total economy and general government. Statizoid updates them automatically from the source API.
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