Local Businesses
The Algarve's economy thrives on tourism, agriculture, and traditional crafts, supporting a network of local businesses and cooperatives. Family-owned wineries in Lagoa and Silves produce award-winning wines, while artisanal producers in Monchique and São Bartolomeu de Messines craft traditional products such as honey and preserves. Handicraft workshops in Alte and Tavira preserve artisanal skills in pottery and weaving, contributing to Algarve's cultural identity and economic sustainability.
Vista Alegre
Ach Brito Soaps
Andorinha Olive Oil
Ferreira Port Wine
Business Opportunities
The region offers opportunities for investment in eco-tourism, hospitality, and sustainable agriculture.
lnitiatives promoting organic farming practices and rural tourism enhance Algarve's appeal as a destination
for cultural and nature-based experiences. Strategic partnerships with local producers and cooperatives
support economic growth and innovation. ensuring Algarve remains a hub for traditional industries and
emerging markets.
AEP
CEIIA
IPP
UPTEC
Economic lmpact
The Algarve region's economy is heavily inf!uenced by tourism, which accounts for about 30o/o of the
regional GDP, bolstered by its renowned beaches, golf courses, and historical sites. This inf!ux of tourists
supports a vibrant restaurant industry, creating jobs and driving revenue in hospitality, retail, and local
agriculture sectors. Additionally, events and festivais featuring local cuisine enhance the Algarve's appeal
and extend the tourist season. The real estate sector also benefits, with a demand for vacation ho.mes
stimulating construction and related industries.
Agriculture, focusing on citrus fruits, olives, and almonds, further contributes to the economy by supplying local and export markets. This interconnected economic landscape makes tourism, dining, real estate, and agriculture crucial to the Algarve's overall economic health.
Agriculture, focusing on citrus fruits, olives, and almonds, further contributes to the economy by supplying local and export markets. This interconnected economic landscape makes tourism, dining, real estate, and agriculture crucial to the Algarve's overall economic health.
