Madeira Madeira Madeira ( , ; ), officially the Autonomous Region of Madeira ("Região Autónoma da Madeira"), is one of the two autonomous regions of Portugal (along with the Azores). It is an archipelago situated in the north Atlantic Ocean, southwest of Portugal. Its total population was estimated in 2011 at 267,785. The capital of Madeira is Funchal, which is located on the main island's south coast. The archipelago is just under north of Tenerife, Canary Islands. Bermuda and Madeira, a few time zones apart, are the only land in the Atlantic on the 32nd parallel north. It includes the islands
Madeira over 6,000 "arrobas" (an "arroba" was equal to 11 to 12 kilograms) by 1455, using advisers from Sicily and financed by Genoese capital. (Genoa acted as an integral part of the island economy until the 17th century.) The accessibility of Madeira attracted Genoese and Flemish traders, who were keen to bypass Venetian monopolies. Sugarcane production was the primary engine of the island's economy, increasing the demand for labour. African slaves were used during portions of the island's history to cultivate sugar cane, and the proportion of imported slaves reached 10% of the total population of Madeira by the 16th century.