Madeira is a Portuguese archipelago that lies between, just under 400 km north of Tenerife, Canary Islands, in the north Atlantic Ocean and an outermost region of the European Union. The archipelago comprises one of the two Autonomous regions of Portugal (the other being the Azores located to the northwest), that includes the islands of Madeira, Porto Santo Island, the Desertas Islands and the Savage Islands.
Madeira was re-discovered by Portuguese sailors in the service of Infante D. Henrique (Henry the Navigator) in 1419, and settled after 1420. The archipelago is considered to be the first territorial discovery of the exploratory period of the Portuguese Age of Discovery.
Today, it is a popular year-round resort, being visited every year by about one million tourists, noted for its Madeira wine, flowers, landscapes and embroidery artisans, as well for its annual New Years celebrations that feature the largest fireworks show in the world, as officially recognized by the Guinness World Records, in 2006. The main harbour in Funchal is the leading Portuguese port in cruise liner dockings, being an important stopover for commercial and trans-Atlantic passenger cruises between Europe, the Caribbean and North America.
Madeira is currently the second richest region in Portugal, after Lisbon, with a GDP per capita of 103% of the European average.