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==Economy== [[File:Distrito Telefónica (Madrid) 17.jpg|thumb|''Distrito Telefónica'', the main headquarters of [[Telefónica]], one of the multinational corporations located in the region]] Madrid is the autonomous community with the highest [[income per capita]] in Spain, at €38,435 in 2022 – significantly above the national average and ahead of the [[Basque Country (autonomous community)|Basque Country]], with €35,832, [[Navarra]], €33,798, and [[Catalonia]], €32,550.<ref name="ine.es">{{cite web |title=Contabilidad Regional de España. CRE. Serie 2000-2022 |url=https://www.ine.es/dyngs/INEbase/es/operacion.htm?c=Estadistica_C&cid=1254736167628&menu=ultiDatos&idp=1254735576581 |website=Instituto Nacional de Estadística |access-date=22 December 2023 |language=es |date=18 December 2023}}</ref> In that year, the GDP per capita growth was 8.6%.<ref name="ine.es"/> Madrid has a [[GDP]] of €230.8 billion ($281 billion) as of 2018; making it the largest economy of Spain, ahead of [[Catalonia]], where regional GDP amounted to €228.7 billion and the most populated Spanish region, [[Andalusia]] (€160.6 billion).<ref>{{Cite web|url=https://www.elmundo.es/economia/macroeconomia/2019/12/20/5dfcae6621efa041558b45ee.html|publisher=[[El Mundo (Spain)|El Mundo]]|title=Madrid supera a Cataluña y ya es la primera potencia económica de España|first=Daniel|last=Viaña|date=20 December 2019}}</ref><ref>[http://www.munimadrid.es/UnidadesDescentralizadas/UDCObservEconomico/MadridEconomia/Ficheros/MADRID%20ECONOMIA%202009%20INGLES.pdf ''Madrid Economy 2009'']</ref> [[File:Estabilizador horizontal Airbus A330-340.JPG|thumb|left|Airbus A330-A340 horizontal stabilizer near the Getafe Airbus factory]] In 2005, the Community of Madrid was the main receptor of [[foreign direct investment|foreign investment]] in the country, at 34.3% of the total. The community ranks 34th amongst all European regions (evaluated in 2002), and 50th amongst the most competitive cities-regions worldwide,<ref>{{Cite web |url=http://www.lavanguardia.es/lv24h/20061207/51295486195.html |title=Madrid, en el puesto 50º en el ranking de las ciudades-región más competitivas del planeta |access-date=2008-04-10 |archive-url=https://web.archive.org/web/20070927222548/http://www.lavanguardia.es/lv24h/20061207/51295486195.html |archive-date=2007-09-27 |url-status=dead }}</ref> ahead of [[Barcelona]] and [[Valencia]], the other two largest [[metropolitan areas]] of Spain. The strengths of the economy of the community are its low unemployment rate, its high investment in research, its high development, and the added-value services therein performed. Its weaknesses include the low penetration of broadband and new technologies of information and an unequal male to female occupation.<ref>[https://web.archive.org/web/20070609122439/http://www.cor.europa.eu/document/press/newsletter_es_55.pdf Informe ''Plataforma de seguimiento de la Estrategia de Lisboa'': puntos fuertes y débiles de la economía madrileña]</ref> [[File:MADRID 060126 MXALX 067.jpg|thumb|Madrid Trade Fair]] The service, construction, and industry sectors are prominent in Madrid's commercial productive structure. According to the ''Directorio Central de Empresas'' (Central Companies Directory of the INE), Madrid's active businesses stand in third place nationally in terms of numbers as at 1 January 2006. The branches of activity with most active businesses are other business activities, retail trade, construction, wholesale trade, hospitality, property activities, land transport, and pipeline transport. Madrid's levels of industrial activity set it at fourth place in Spain. The following areas predominate in terms of business numbers: publishing and graphic arts, manufacture of metal products (except machinery and equipment), manufacture of furniture and other manufacturing industries, wearing apparel and fur industry, and food product industry. The province also boasts a higher concentration of high and medium technology activities and services than the rest of Spain. This is the case in the following areas: manufacture of office machinery and IT equipment; manufacture of electronic products, manufacture of radio equipment, and devices; manufacture of medical and surgical, precision, optical and timekeeping equipment and instruments; post and telecommunications; IT activities; and research and development.<ref>http://www.ine.es/jaxi/changeLanguage.do?target=menu&download=0&multi=0&type=pcaxis&file=inebase&print=1&page=menu&path=/t37/p201&language=1 {{Webarchive|url=https://web.archive.org/web/20080604003659/http://www.ine.es/jaxi/changeLanguage.do?target=menu&download=0&multi=0&type=pcaxis&file=inebase&print=1&page=menu&path=%2Ft37%2Fp201&language=1 |date=2008-06-04 }} Central Companies Directory (CCD) of the Spanish INE</ref> [[File:MADRID 060505 MXALX 100.jpg|thumb|right|Coslada Dry Port]] Regional authorities have put a notable effort in the development of [[Logistics center|logistics infrastructures]] in both the region of Madrid and the city proper. These include the [[Coslada Dry Port]], the freight zone of the [[Madrid-Barajas Airport]], [[Mercamadrid]], the {{ill|Madrid-Abroñigal Station|es|Estación de Madrid-Abroñigal|lt=Madrid-Abroñigal}} logistics centre, the Villaverde's Logistics Centre and the Vicálvaro's Logistics Centre to name a few.<ref>{{Cite journal|last1=Orjuela Castro|first1=Javier Arturo|last2=Castro Ocampo|first2=Óscar Fernando|last3=Suspes Bulla|first3=Edwin Andrés|date=2005|title=Operadores y plataformas logísticas|url=http://www.aippyc.org/intranet/biblioteca_digital/recreacion3.pdf|journal=Tecnura|location=Bogotá|publisher=[[Francisco José de Caldas District University|Universidad Distrital Francisco José de Caldas]]|volume=8|issue=16|doi=10.14483/22487638.6249|doi-broken-date=1 November 2024|issn=0123-921X}}</ref> Overall, logistics companies has greatly developed along the [[Autovía A-2|A-2]] highway (Coslada, [[San Fernando de Henares]], [[Torrejón de Ardoz]]) in the eastern part of the region, the so-called "Henares Corridor" to become what has come to be termed as the "golden mile" of logistics and [[e-commerce]] in Spain.<ref>{{Cite web|url=https://hablemosdeempresas.com/grandes-empresas/espacio-logistico-inteligente/|website=hablemosdeempresas|title=El espacio logístico inteligente, los almacenes se vuelven smart en la última milla del e-commerce|date=1 March 2019|first=J.I|last=Cabrera}}</ref><ref>{{Cite news|journal=[[El País]]|url=https://elpais.com/ccaa/2019/02/11/madrid/1549911267_618008.html|title=Coslada, la 'milla de oro' de las compras online|first=Fernando|last=Peinado|date=14 February 2019}}</ref> The unemployment rate stood at 10% in 2019 and was lower than the national average.<ref>{{Cite web|url=https://ec.europa.eu/eurostat/tgm/table.do?tab=table&init=1&language=de&pcode=tgs00010&plugin=1|title=Regional Unemployment by NUTS2 Region|website=Eurostat}}</ref> {| class="wikitable" style="margin:1em auto;" |+Unemployment rate (December data) (%) |- ! 2006 ! 2007 ! 2008 ! 2009 ! 2010 ! 2011 ! 2012 ! 2013 ! 2014 ! 2015 ! 2016 ! 2017 ! 2018 !2019 |-align=center | 6.5% | 6.4% | 10.0% | 14.5% | 15.5% | 18.0% | 19.3% | 20.5% | 18.0% | 16.5% | 14.6% | 13.8% | 11.5% |10.0% |}
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