It was won by the United States who defeated World and European champions Germany 3–2 in the final to extend their record of Algarve titles to seven.

[1] The twelve invited teams were split into three groups that played a round-robin tournament.

Group C featured two different sides with Romania and the Faroe Islands replacing Poland and Wales.

Groups A and B, containing the strongest ranked teams, were the only ones in contention to win the title.

In the case of two teams being tied on the same number of points in a group, their head-to-head result determined the higher place.