|Teams||6 (from 2 confederations)|
|Goals scored||27 (3 per match)|
|Top scorer(s)|| Ann Kristin Aarønes|
|Best player(s)||Ann Kristin Aarønes|
The 1994 Algarve Cup was the inaugural edition of the Algarve Cup, an invitational women's association football tournament. It took place between 16 and 20 March 1994 in Portugal with Norway winning the event, defeating the USA, 1-0 in the final game. Sweden ended up third defeating Denmark, 1-0, in the game for third prize.
The inaugural competition was contested between the hosts Portugal, four Scandinavian teams (Denmark, Finland, Norway and Sweden) and the USA. Only two confederations were thus represented, CONCACAF and UEFA.
The six invited teams were split into two groups that played a round-robin tournament. On completion of this, the third placed teams in each group would play each other to decide fifth and sixth place, the second placed teams in each group would play to determine third and fourth place and the winners of each group would compete for first and second place overall.
Points awarded in the group stage followed the standard formula of three points for a win, one point for a draw and zero points for a loss.
1991 FIFA Women's World Cup winners; the United States, finished in the top position of Group A with maximum points after winning both of their games including defeating the hosts Portugal 5–0.
Norway, 1991 World Cup runner's up, defeated their neighbours Denmark and Finland by scoring six goals in each match.
In a replay of the 1991 FIFA Women's World Cup Final, Norway once again faced the USA but won on this occasion.
|1994 Algarve Cup|
|Ann Kristin Aarønes|