SYN THESISINE@COVID-19, 23-Dec-2021

December . 23 . 2021 SYNTH SIS IN @ COVID-19 www.ine.pt page 10/20 Communication Unit | tel: +351 21 842 61 10 | sci@ine.pt In 2020, Algarve and Região Autónoma da Madeira recorded the sharpest declines in GDP, reflecting the strong impact of the pandemic on tourism activity In 2020: • GDP in volume decreased in all regions, but more so in Algarve (-16.7%) and Região Autónoma da Madeira (-14.3%); • In Área Metropolitana de Lisboa (-9.5%) and Região Autónoma dos Açores (-9.2%), the reduction in GDP stood above that of the whole country (-8.4%); • Alentejo (-8.3%), Norte (-7.0%), and Centro (-5.9%) registered the least negative outcomes; • Asignificant contribution to the real contractionof GDP inAlgarveandRegião Autónoma da Madeira originated in the decrease in GVA in trade, transports, and accommodation and food services, an activity with significant relevance in the productive structure of those regions and which was greatly affected by the reduction in tourism associated with the restrictions imposed by the pandemic. In 2019: • All regions registered real growth in GDP, with Área Metropolitana de Lisboa and Algarve standing out, both of which grew by 3.2%, reflecting the dynamism of the tourist activity, i.e., above the rate of change registered for the whole country (2.7%). • At the level of NUTS III regions, a smaller regional disparity in productivity was observed compared to 2018, with a differential of 53.2 percentage points between Área Metropolitana de Lisboa (121.6) and Tâmega e Sousa region (68.4). Gross Domestic Product by Nuts II regions Volume changes (%) Note: figures concerning 2020 are provisional. 2.7 2.4 3.2 0.5 3.2 2.6 1.8 -7.0 -5.9 -9.5 -8.3 -16.7 -9.2 -14.3 -20 -15 -10 -5 0 5 Norte Centro A. M. Lisboa Alentejo Algarve R. A. Açores R. A. Madeira 2019 2020 More information is available at: 2020 regional accounts – provisional data (15 December 2021)