Algarve is the 2nd region in which employment grew most at EU level

  • ECO News
  • 26 February 2019

In the EU, employment increased in 9 out of 10 regions. Algarve was the second region in which it increased the most, at a 5.3% rate, in 2017, shows the Eurostat this Tuesday.

The highest increases in employment at the EU level were witnessed in Mayotte, an overseas region of France, located in the Indian ocean (+7.7%), Malta, Algarve and the Central Bohemia region of Czechia (all sharing a 5.3% growth rate), showed the Eurostat this Tuesday. As for our country’s capital, there was an increase of 4.1% in employment, which placed Lisbon in fourth place in this ranking, together with the south-central region of Bulgaria.

As for the most severe decreasing rates in employment, these were witnessed in Basillicata, Italy (-2.7%), Cumbria, UK (-2.4%), the Central and Western region of Lithuania (-2.1%), South Yorkshire, UK (-2.0%) and Liguria in Italy (-1.9%).

Eurostat’s report also shows that 9 out of 10 regions (253, or 90%) in Europe witnessed an increase in employment, remaining stable in 2, and decreasing in the remaining 26 regions.

In total, employment increased by 1.6% in all the EU. in 19 out of the 253 regions in which there was an increase in employment, that rate stood above 3%, and out of those, 3 regions were Portuguese: Algarve, Lisbon, and Madeira.

GDP per capita in the EU varied from 31% to 626%, with the Eurostat also announcing this Tuesday that three-quarters of the EU population live in regions where regional GDP per capita is above 75% of the EU average. The leading region in the ranking of regional GDP per capita was Inner London (626% of the average), and the lowest regions include the French overseas territory of Mayotte and North-Central Bulgaria (both 34%).

As for Portugal, Lisbon stood out, having the highest rate at 100%, while the north presented the lowest rate, at 65%.