City Profile - Madrid; Comprehensive overview of the city, PEST analysis and analysis of key industries including technology, tourism and hospitality, construction and retail
City Profile - Madrid; Comprehensive overview of the city, PEST analysis and analysis of key industries including technology, tourism and hospitality, construction and retailSummary
“City Profile - Madrid” provides historical and forecast data on key city level metrics along with analytical coverage of the latest political, economic, social, technological, infrastructural, legal and environmental issues affecting Madrid.
The report contains detailed tourism, retail, construction, technology and public infrastructure data and insight into economic, social, and industry trends.
Madrid metropolitan area is located in the centre of the Iberian Peninsula, in the extreme south-west of Europe. The area is the third most populous in Spain after Andalusia and Catalonia. The area accounted for 19.5% of national GDP in 2024. The area experienced a real GDP growth of 2.6% in 2024, driven primarily by robust performance in the services and construction sectors, alongside increased consumption and investment. Looking ahead, Madrid aims to enhance its status as a smart city by 2040, prioritizing competitiveness, quality of life, and environmental sustainability.
Scope
- The service sector remains the key contributor to the Madrid metropolitan area’s economy and the major employer.
- Madrid's tourism sector experienced significant growth in 2024, with a total of 13.3 million tourist arrivals and international tourist expenditure rising by 20.8% to EUR16.1 billion ($17.4 billion), highlighting the city's appeal as a year-round destination for both business and leisure travelers.
- The construction sector in the Madrid metropolitan area contributed 4.1% to the city's total GVA in 2024. The construction sector is projected to grow at an average annual rate of 2.0% during 2025-30, driven by major projects such as the Crea Madrid Nuevo Norte Program and the Southeast housing program.
Reasons to Buy
- Gain a comprehensive knowledge of future economic and demographic trends and understand the performance of various sectors within the city.
- Analyze and understand the business environment in the city to align your investment and expansion strategies.
- The report helps to drive a conclusion in choosing a suitable city to invest or expand according to your business structure.
- Explore new opportunities in the hospitality, tourism, construction, real estate and retail sectors.
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