A multilayer inductor includes: an element body formed by stacking a plurality of layers of insulators in a stacking direction; a terminal electrode provided on at least one side surface of the element body; and a linear conductor portion provided in the element body and extending in a first direction, wherein, as viewed from a second direction perpendicular to the first direction, the conductor portion has a first portion in a region overlapping the terminal electrode and a second portion in a region not overlapping the terminal electrode, and wherein a width of the first portion as viewed from the second direction is smaller than a width of the second portion.