European Commission - Internal Market, Industry, Entrepreneurship and SMEs

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Madrid

Introduction

The Comunidad de Madrid (capital: Madrid) covers an area of 8,022 km², approximately 1.6% of the Spanish territory. Located in the centre of the country, the city of Madrid is the capital of Spain as well as one of its most important financial and economic hubs. The region has 6,424,843 inhabitants (Eurostat, 2017), almost 14% of the total population, being the third most populated area in the country.
After overcoming the throwback suffered in 2009 due to the economic recession and the fluctuations that followed in the next years, the economy has grown robust recently. In the same line, the population living in the region are the wealthiest in the country and among the most thriving in the European Union.
Since it enjoys a stable position, Madrid has seen increased its attractiveness as pole for the establishment of national and foreign companies. Apart from the strength of the economic activities developed in the region and its location, the major drivers of Madrid are its research & development (R&D) expenditures, high development, low unemployment and its high added-value services. It was the most dynamic region of the country in 2016.

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