A high concentration of universities, research, development and innovation centres and international business schools provide highly qualified professionals and very competitive labour rates in one of the Europe’s key markets.
- More than 6.7 million inhabitants living in the region.
- Nearly 30 % of population come from other regions of Spain and another 20% arrive from a wide range of countries, representing over 180 nationalities.
- 1 % of adult population (between 25 and 64 years) are graduate from higher education.
SOURCES: COMUNIDAD DE MADRID, 2019; REDIE, 2019
- Labour force (2019) of 3.5 million people.
- Madrid has a high rate over the total population (63.4%), above in almost 5 points of the rest of Spain (58.7%).
- Spain’s labour costs are below 20% the average of European Union and 31% below the average of Euro zone.
SOURCE: INE, 2019
SOURCES: COMUNIDAD DE MADRID, 2019; COMUNIDAD DE MADRID, 2019
- Madrid has 764 bilingual education centres which allows more than 318,000 children and young people study in another language, mostly in English.
- The region has 15 universities (7 public and 8 private) and 15 centres of higher art education.
- There have been 317,577 students attending higher education in 2019, representing the largest concentration in Spain and one of the highest in Europe.
- 4 top international business schools that possess the triple Crown accreditation, award achieved by only 1% of business schools around the world.
- Since 2001, Spain is the top destination chosen by Erasmus students, being Madrid the preferred city of Spain.
- Selected for its wide and diversified range of diplomas (many of them in other languages), for its favourable socio-economic environment, and for its acknowledged opened city status, meeting place and a great living environment for coexistence.