ACIF Warns That Tourist Taxes Can Threaten Madeira’s Economy
The Madeiran Chamber of Commerce warns that tourist taxes risk to confuse visitors, make business harder and damage the islands economy in the long term.
Economy
Explore the economic pulse of Madeira. Get the latest news on key sectors like tourism, agriculture, and industry. Stay updated on business developments, investments, employment trends, and government policies shaping the island's financial landscape.
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SĂŁo Vicente Launches New Tourist Tax in April
São Vicente will introduce a tourist tax in April, leaving just one of Madeira’s 11 municipalities without a current or planned tax.
Madeira Cruise Tourism Brings €62 Million in 2025
Funchal’s cruise port closed 2025 with record €62 million impact and 750,000 passengers, but growth slowed compared with the stronger increase seen in 2024.
Madeira Sees Record Employment in Foreign-Owned Companies
In 2024, Madeira saw record employment in foreign-owned companies, with 243 firms creating over 5 000 jobs and significant economic impact.
Madeira Home Prices Up 14.6% in 2025
According to Idealista, Madeira recorded a 14.6% increase in property prices over the past year, proving robust market activity and tight housing conditions.
Electric Car Subsidy Runs Out Within Hours on Opening Day
Today, Portugal’s electric car subsidy was exhausted within hours on launch day, as thousands rushed to secure limited public incentives.
Madeira’s Debt-to-GDP Ratio Now at 61.2%
Madeira’s debt burden has steadily declined since 2012, falling 19.8%, with the region’s debt-to-GDP ratio now at 61.2% - considerably below Portugal’s 97.6%.
Madeira Plans Study for Megayacht Marina
Madeira will study building a megayacht marina in 2026, aiming to further expand the tourism sector and serve luxury yacht travelers.
Continente Announces Food Price Increases in 2026
Continente announces food price increases for 2026, claiming inflation pressure and and tight retail margins in Portugal.
41% of T1 Apartments in Funchal Are Selling Within a Month
Funchal’s real estate market shows rapid sales for smaller apartments, with T1 and T2 units selling often within a month.
World Travel Awards: A Commercial Ecosystem Disguised as Prestige
Madeira is a regular top contender at the World Travel Awards. Often billed as the “Oscars of travel,” the awards operate largely as a self-sustaining marketing cycle and face serious accusations online.
