Economy of Póvoa de Varzim

The economy of Póvoa de Varzim in Portugal is driven by tourism (namely gambling, hotels and restaurants), manufacturing, construction, fishing, and agro-business. During the 2001 census, 1770 companies are headquartered in Póvoa de Varzim, of which 2.82% were of the primary sector, 33.73% of the secondary and 63.45% of the tertiary. Despite its weight in Greater Porto international trade is weak, in 2004 it represented 1.1% of departures and 0.9% of arrivals, its coverage rate of arrivals against departures suppressed the 100% mark. The activity rate had grown from 48% to 51.1% from 1991 to 2001, but there were 3353 citizens unemployed in June 2006.