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Economy & jobs
Statistics · Area
provisional
GDP per person 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
€42,600
+8.7%
since 2022
First value · 2000
€21,200
since 2013
+41%
+3.1% a year on average
vs Madrid
−4.7%
Madrid: €44,700 · 2024
GDP per person, 2000 – 2023 Euro · Madrid · Madrid · Spain · European Union
+41% since 2013
€10,000
€20,000
€30,000
€40,000
€50,000
2000
2010
2015
2024
Madrid
Madrid
Spain
European Union
Source: Eurostat, 2000 – 2023
Compared with GDP per person · Euro
Source: Eurostat
The series at a glance Madrid · 2000 – 2023
Latest value
€42,600 · 2023
First value
€21,200 · 2000
Highest
€42,600 · 2023
Lowest
€21,200 · 2000
Average change
+3.1% a year on average
Data points
24
By year
All years · 2000 – 2023
| Year | Madrid | Change | Madrid | Spain | European Union |
|---|---|---|---|---|---|
| 2023provisional | €42,600 | +8.7% | €42,600 | €31,000 | €38,400 |
| 2022 | €39,200 | +9.8% | €39,200 | €28,800 | €36,100 |
| 2021 | €35,700 | +8.5% | €35,700 | €26,100 | €33,300 |
| 2020 | €32,900 | −10% | €32,900 | €23,900 | €30,500 |
| 2019 | €36,600 | +2.8% | €36,600 | €26,600 | €31,700 |
| 2018 | €35,600 | +2.9% | €35,600 | €26,000 | €30,600 |
| 2017 | €34,600 | +3.9% | €34,600 | €25,200 | €29,700 |
| 2016 | €33,300 | +3.1% | €33,300 | €24,200 | €28,500 |
| 2015 | €32,300 | +4.9% | €32,300 | €23,400 | €27,800 |
| 2014 | €30,800 | +1.7% | €30,800 | €22,400 | €26,800 |
| 2013 | €30,300 | −1.0% | €30,300 | €22,000 | €26,300 |
| 2012 | €30,600 | −1.6% | €30,600 | €22,200 | €26,000 |
| 2011 | €31,100 | ±0.0% | €31,100 | €22,900 | €25,900 |
| 2010 | €31,100 | −1.0% | €31,100 | €23,100 | €25,100 |
| 2009 | €31,400 | −2.2% | €31,400 | €23,100 | €24,200 |
| 2008 | €32,100 | +1.6% | €32,100 | €24,200 | €25,400 |
| 2007 | €31,600 | +5.0% | €31,600 | €23,800 | €24,700 |
| 2006 | €30,100 | +7.5% | €30,100 | €22,700 | €23,300 |
| 2005 | €28,000 | +6.1% | €28,000 | €21,300 | €22,100 |
| 2004 | €26,400 | +5.6% | €26,400 | €20,100 | €21,300 |
| 2003 | €25,000 | +4.6% | €25,000 | €19,000 | €20,400 |
| 2002 | €23,900 | +4.4% | €23,900 | €18,100 | €19,900 |
| 2001 | €22,900 | +8.0% | €22,900 | €17,200 | €19,300 |
| 2000 | €21,200 | €21,200 | €16,000 | €18,400 |
Source: Eurostat, 2000 – 2023
What it means
The value of everything produced here in a year, per resident — a broad measure of economic output.
How it is calculated
Gross domestic product at current prices divided by the population. In national currency, or US dollars where only international figures exist.
Economy & jobs
Madrid in numbers
GDP per person (PPP)
$59,868
2025 · Spain
GDP per person, EU = 100
125
2023
Gross domestic product
€296B
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