The Community of Madrid has established itself as the first region in history to contribute 20% to Spain's total GDP. Madrid's Gross Domestic Product has grown to reach 337.216 million euros, after registering an increase of +2.7% last year, one tenth more than Spain as a whole (+2.6%), according to data published by the National Statistics Institute (INE).
This achievement underscores the role of the Community of Madrid as an engine of the Spanish economy. This success is attributed to policies focused on maintaining the lowest taxes in the country, high foreign investment, attracting new companies, and legal certainty policies. Furthermore, support for businesses and self-employed workers through minimal bureaucracy is highlighted as key factors for continued leadership in job creation.
Since 2019, under the presidency of Isabel Díaz Ayuso, Madrid's economy has grown by 17.5%, exceeding the Spanish average and that of other regions like Catalonia by more than 5 percentage points. The difference with the latter stands at 1.1 points over its 18.9% GDP, two tenths more than a year ago.
The Community of Madrid also holds the highest per capita income per inhabitant, reaching 47,220 euros. This figure is 38% higher than the national average (34,237 euros) and 13% higher than the European Union average (41,700 euros). Since 2008, Madrid's per capita income has grown by +47%, equivalent to more than 15,000 euros per inhabitant, compared to +41.5% for the country as a whole.
