Madrid is the financial and economical hub of Spain. The community of Madrid has the main concentration of Spain’s businesses (more than 500,000 of active companies). One out of five companies created in Spain has its headquarters in Madrid.
- Institutional and social stability, well-established government.
- Legal security, predictable and transparent framework.
- Ratings for long term debt with investment grade in S&P (A-, positive outlook) and Fitch (BBB, stable outlook).
- GDP (2018) over 230 billion Euros, mainly originating in the service sector (84.5% of total.)
- Constant Growth: Average annual increase of 3.2% for the last 5 years as compared to 2.7% in all of Spain and 2.0 in the European Union.
- Direct entry to European Union – 27 market comprised of 447 million of consumers.
SOURCE: EXPANSIÓN, DATOSMACRO 2019
- Public Administration Headquarters: Central Government, Congress of Deputies, Senate and all Ministries.
- It hosts a large number of large companies and professional organizations, both national and foreign.
- Headquarters of the 4th European stock exchange by capitalization and its reference index, the IBEX-35.
SOURCES: DIR, 2018; BROKERONLINE, 2020
- For 10 years, Madrid attracted on average 60% of total foreign investment made in Spain. And of productive investments in Spain.
- 4,500 subsidiaries of foreign companies with 68% of investment stock, 61% of exports and 30% of the employment generated by these companies throughout the country.
- Madrid is the 1st city in Spain and 5th city of the European Union as the preferred destination for investments by foreign companies.
SOURCES: SIFDI, IED 2019; MORI FOUNDATION, GCPI 2019
- First airport in Spain and 5th airport in the EU for passenger traffic (with more than 1,000 daily flights and 53.4 million passengers per year)
- Connections to more than 70 countries and 188 destinations by direct flight.
- Chosen by Skytrax 2019, AENA 2020, as the best airport in the 50-60 million passenger category. Terminal 4 is in the top 10 of the world’s best.
SOURCES: AENA, 2020; SKYTRAX, 2019
- Common language and multi-lingual workforce, Strategic location, Tax treaties, Ease of access of global transportation.
- 210 Billion Euros invested, 2nd largest investor in LATAM after the USA.
SOURCE: OFFICIAL AIRLINE GUIDE, 2019
- Madrid is most commonly chosen HQ for LATAM companies to manage European operations, and vice versa.
- Madrid-Barajas leads direct air traffic between Europe and Latin America with 25% market share.
- Madrid ranks #3 in the world for international conventions by global associations.
- Recognized as world’s best destination for meetings and conferences by “World Travel Awards 2019”
- Voted among most attractive cities in the world for historic, artistic, cultural and gastronomical excellence.
SOURCES: ICCA, 2018; WORLD TRAVEL AWARDS, 2019