Overview
Madeira (/məˈdɪərə/ mə-deer-ə or /məˈdɛərə/ mə-dair-ə; Portuguese: [mɐˈðejɾɐ] or [mɐˈðɐjɾɐ]) is a Portuguese archipelago situated in the north Atlantic Ocean, southwest of Portugal. Its total population was estimated in 2011 at 267,785. The capitalThe net worth of a business, including assets, cash, propert... of Madeira is Funchal on the main island’s south coast.
The economyThe management of money, currency and trade of a nation. The... of Madeira is still highly dependent with the sea. The Bay of Funchal plays a significant role in business and economics within Madeira. The Port of Funchal has long been a destination for merchants, traders and businessmen since the earlier times. Up until today, this port is considered as one of the most important trading points in the entire country. The Port of Funchal is extremely important especially for cruise shipping companies because they utilize this as their main dock. Aside from this, the economics within this port is also boosted because of other commercial activities like passenger transportation, fishing and tourism. This port is also responsible for 88% imports and 12% exports.
Industrial activity in Madeira is dominated by small and medium-sized companies. In Manufacturing, which represents 4.2% of employment we have handicraft activities directed at export, such as embroidery, tapestries and wickerwork and other activities, particularly targeting the regional marketThe commercial activity of buying and selling goods and serv..., such as mills and bakery and pastry products, dairy products, beer, tobacco and wine.
Important Details
- Country ISO3 : NA
- Country Code : NA
- Income Group : High Income
- Lending Category : P2PPeer-to-peer is a model for computer connectivity and file-
- Region : north Atlantic Ocean(southwest of Portugal)
- Currency Unit: Euro (€)
- WTO Member : No
- TradeThe buying and selling or exchange of goods and services. Th... organisations : NA
- world rank : NA
- Regional Ranking : NA