| Tournament details | |
|---|---|
| Host country | Portugal |
| Teams | 8 (from 3 confederations) |
| Venue(s) | 9 |
| Final positions | |
| Champions |  Norway (4th title) |
| Runners-up |  Denmark |
| Third place |  United States |
| Tournament statistics | |
| Matches played | 16 |
| Goals scored | 47 (2.94 per match) |
| Best player(s) | Marianne Pettersen |
The 1998 Algarve Cup was the fifth edition of the Algarve Cup.
| Team | Pts | Pld | W | D | L | GF | GA | GD |
|---|---|---|---|---|---|---|---|---|
| Norway |
6 | 3 | 2 | 0 | 1 | 5 | 2 | +3 |
| United States |
6 | 3 | 2 | 0 | 1 | 7 | 5 | +2 |
 China |
6 | 3 | 2 | 0 | 1 | 3 | 4 | −1 |
 Finland |
0 | 3 | 0 | 0 | 3 | 0 | 4 | −4 |
| United States | 4–1 | China |
|---|---|---|
| Team | Pts | Pld | W | D | L | GF | GA | GD |
|---|---|---|---|---|---|---|---|---|
| Denmark |
7 | 3 | 2 | 1 | 0 | 8 | 0 | +8 |
 Sweden |
7 | 3 | 2 | 1 | 0 | 3 | 0 | +3 |
 Netherlands |
3 | 3 | 1 | 0 | 2 | 2 | 8 | −6 |
 Portugal |
0 | 3 | 0 | 0 | 3 | 1 | 6 | −5 |
Denmark  | 0–0 | Sweden |
|---|---|---|
| SvFF Report (in Swedish) |
| Denmark | 6–0 | Netherlands |
|---|---|---|
 2' 46' Gitte Krogh 9' 20'Birgit Christensen 77' Anne Dot Eggers Nielsen 83' Hanne Nørregaard |
report |
| Denmark | 2–0 | Portugal |
|---|---|---|
| 15' Christina B. Petersen 60' Lene R. Jensen |
report |
| Sweden | 1–0 | Netherlands |
|---|---|---|
| Svensson |
SvFF Report (in Swedish) |
Portugal finished bottom of their group for the fifth year in a row. But they won the match to decide seventh place on penalties after a 2–2 draw with Finland.
| China | 3–2 | Netherlands |
|---|---|---|
| United States | 3–1 | Sweden |
|---|---|---|
| 39' Foudy 85' (pen.) Chastain 87' Lilly |
SvFF Report (in Swedish) | 29' Ljungberg |
| 1998 Algarve Cup |
|---|
 Norway Fourth title |
| Best player |
|---|
| Marianne Pettersen |