Algarve’s unemployment rate increased significantly in 2020, but it did not reach the highest level in 2013. The provisional data for December 2020 was shared in an interview with Madalena Feu, the representative of the Algarve Employment and Vocational Training Institute (IEFP).
Approximately 31,000 people are unemployed in the Algarve, ending one month. As far as the municipality is concerned, Albufeira will be most affected by unemployment in 2020, while Loulé and Portimão will be affected.
The Algarve is the southernmost region of continental Portugal. It has an area of 4,997 km2 with 451,006 permanent inhabitants, and incorporates 16 municipalities.
The region has its administrative centre in the city of Faro, where both the region’s international airport and public university, the University of Algarve, are located. The region coincides with Faro District.
Tourism and related activities are extensive and make up the bulk of the Algarve’s summer economy. Production of food, which includes fish and other seafood, different types of fruit such as oranges, figs, plums, carob beans, and almonds, are also economically important in the region.