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Economy & jobs
Statistics · Area
provisional
Gross domestic product in Madrid
2000 – 2023 · 24 data points
Updated Oct 23, 2026
Source: Eurostat, 2000 – 2023
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Overview
6 figures
People
13 figures
Economy
14 figures
Housing
1 figure
Education
5 figures
Tourism
4 figures
Climate
1 figure
Latest value · 2023
€295,939,000,000
+11%
since 2022
First value · 2000
€113,369,200,000
since 2013
+53%
+4.3% a year on average
share of Madrid
93.6%
Madrid: €316,193,400,000 · 2024
Gross domestic product, 2000 – 2023 Euro
+53% since 2013
€100B
€150B
€200B
€250B
€300B
2000
2010
2015
2023
Source: Eurostat, 2000 – 2023
Compared with Gross domestic product · Euro
Source: Eurostat
The series at a glance Madrid · 2000 – 2023
Latest value
€295,939,000,000 · 2023
First value
€113,369,200,000 · 2000
Highest
€295,939,000,000 · 2023
Lowest
€113,369,200,000 · 2000
Average change
+4.3% a year on average
Data points
24
By year
All years · 2000 – 2023
| Year | Madrid | Change | Madrid | Spain | European Union |
|---|---|---|---|---|---|
| 2023provisional | €295,939,000,000 | +11% | €296B | €1.5T | €17T |
| 2022 | €267,171,600,000 | +11% | €267B | €1.4T | €16T |
| 2021 | €239,837,000,000 | +8.5% | €240B | €1.2T | €15T |
| 2020 | €221,061,900,000 | −9.4% | €221B | €1.1T | €14T |
| 2019 | €243,889,400,000 | +4.3% | €244B | €1.3T | €14T |
| 2018 | €233,735,800,000 | +4.2% | €234B | €1.2T | €14T |
| 2017 | €224,373,200,000 | +4.6% | €224B | €1.2T | €13T |
| 2016 | €214,469,100,000 | +4.0% | €214B | €1.1T | €13T |
| 2015 | €206,231,500,000 | +5.2% | €206B | €1.1T | €12T |
| 2014 | €196,018,100,000 | +1.4% | €196B | €1T | €12T |
| 2013 | €193,344,500,000 | −1.5% | €193B | €1T | €12T |
| 2012 | €196,359,700,000 | −1.6% | €196B | €1T | €11T |
| 2011 | €199,623,700,000 | +0.7% | €200B | €1.1T | €11T |
| 2010 | €198,289,800,000 | −0.5% | €198B | €1.1T | €11T |
| 2009 | €199,290,100,000 | −1.3% | €199B | €1.1T | €11T |
| 2008 | €201,865,600,000 | +4.0% | €202B | €1.1T | €11T |
| 2007 | €194,151,500,000 | +7.3% | €194B | €1.1T | €11T |
| 2006 | €180,932,500,000 | +9.2% | €181B | €1T | €10T |
| 2005 | €165,662,000,000 | +8.1% | €166B | €928B | €9.6T |
| 2004 | €153,296,900,000 | +7.5% | €153B | €860B | €9.2T |
| 2003 | €142,555,300,000 | +7.2% | €143B | €803B | €8.8T |
| 2002 | €132,944,600,000 | +7.5% | €133B | €750B | €8.6T |
| 2001 | €123,638,300,000 | +9.1% | €124B | €701B | €8.3T |
| 2000 | €113,369,200,000 | €113B | €648B | €7.9T |
Source: Eurostat, 2000 – 2023
What it means
The total value of goods and services produced here in a year.
How it is calculated
Sum of the value added by all producers at current prices, from regional or national accounts.
Economy & jobs
Madrid in numbers
GDP per person
€42,600
2023
GDP per person (PPP)
$59,868
2025 · Spain
GDP per person, EU = 100
125
2023
Economic growth
2.8%
2025 · Spain
Inflation
2.7%
2025 · Spain
Unemployment rate
8.0%
2025 · Madrid
Youth unemployment
19.3%
2025 · Madrid
Employment rate
77.9%
2025 · Madrid
Labour force participation
57.4%
2025 · Spain
Household income per person
€22,600
2023 · Madrid
At risk of poverty
12.7%
2025 · Madrid
Income inequality (Gini)
33.4
2023 · Spain