Gross domestic product (GDP) at current market prices by NUTS 3 region in Madrid
Madrid: Gross domestic product (GDP) at current market prices by NUTS 3 region was 295,939 Million euro in 2023. ▲ Rising
Latest (2023)
295,939 Million euro
Change on year
up 10.8%
Rank
26th
of 1664 regions
All-time high
295,939 Million euro
in 2023
All-time low
113,369 Million euro
in 2000
Years of data
24
2000–2023
Gross domestic product (GDP) at current market prices by NUTS 3 region in Madrid, 2000–2023
Source: Eurostat. Measured in Million euro.
Analysis
In 2023, gross domestic product (gdp) at current market prices by nuts 3 region in Madrid stood at 295,939 Million euro. That is the highest value across all 24 years on record.
That represents a change of up 10.8% on the previous year and up 53.1% over ten years.
Over the whole period, gross domestic product (gdp) at current market prices by nuts 3 region in Madrid peaked at 295,939 Million euro in 2023 and was at its lowest, 113,369 Million euro, in 2000.
That places Madrid 26th out of 1664 regions with data for 2023, putting it in the top 10%.
The long-run direction has been consistently rising across the 24 years of available data.
Gross domestic product (GDP) at current market prices by NUTS 3 region in Madrid, year by year
| Year | Million euro | Change |
|---|---|---|
| 2000 | 113,369 Million euro | — |
| 2001 | 123,638 Million euro | +9.1% |
| 2002 | 132,945 Million euro | +7.5% |
| 2003 | 142,555 Million euro | +7.2% |
| 2004 | 153,297 Million euro | +7.5% |
| 2005 | 165,662 Million euro | +8.1% |
| 2006 | 180,932 Million euro | +9.2% |
| 2007 | 194,152 Million euro | +7.3% |
| 2008 | 201,866 Million euro | +4.0% |
| 2009 | 199,290 Million euro | -1.3% |
| 2010 | 198,290 Million euro | -0.5% |
| 2011 | 199,624 Million euro | +0.7% |
| 2012 | 196,360 Million euro | -1.6% |
| 2013 | 193,344 Million euro | -1.5% |
| 2014 | 196,018 Million euro | +1.4% |
| 2015 | 206,232 Million euro | +5.2% |
| 2016 | 214,469 Million euro | +4.0% |
| 2017 | 224,373 Million euro | +4.6% |
| 2018 | 233,736 Million euro | +4.2% |
| 2019 | 243,889 Million euro | +4.3% |
| 2020 | 221,062 Million euro | -9.4% |
| 2021 | 239,837 Million euro | +8.5% |
| 2022 | 267,172 Million euro | +11.4% |
| 2023 | 295,939 Million euro | +10.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 160,771 Million euro | 113,369 Million euro | 201,866 Million euro | 10 |
| 2010s | 210,634 Million euro | 193,344 Million euro | 243,889 Million euro | 10 |
| 2020s | 256,002 Million euro | 221,062 Million euro | 295,939 Million euro | 4 |
Countries ranked near Madrid
More economy & growth data for Madrid
- Timely indicators of entrepreneurship by enterprise characteristics 27,100 Enterprises (2024)
- Timely indicators of entrepreneurship by enterprise characteristics 7,563 Enterprises (2024)
- Average annual population to calculate regional GDP data (thousand) 7,066 Thousand (2024)
- Gross value added at basic prices by NUTS 3 region 269,700 Current prices, million euro (2023)
- Timely indicators of entrepreneurship by enterprise characteristics 1,210 Enterprises (2024)
- Business demography by size class and NUTS 3 region 602,004 (2020)
- Business demography and high growth enterprise by NACE Rev. 2 and 602,004 (2020)
- Timely indicators of entrepreneurship by enterprise characteristics 1,210 Enterprises (2024)
- Timely indicators of entrepreneurship by enterprise characteristics 27,100 Enterprises (2024)
- Timely indicators of entrepreneurship by enterprise characteristics 7,563 Enterprises (2024)
Frequently asked questions
- What is gross domestic product (gdp) at current market prices by nuts 3 region in Madrid?
- Gross domestic product (gdp) at current market prices by nuts 3 region in Madrid was 295,939 Million euro in 2023, according to Eurostat.
- What is the highest gross domestic product (gdp) at current market prices by nuts 3 region recorded in Madrid?
- The highest recorded value was 295,939 Million euro in 2023.
- What is the lowest gross domestic product (gdp) at current market prices by nuts 3 region recorded in Madrid?
- The lowest recorded value was 113,369 Million euro in 2000.
- How does Madrid rank for gross domestic product (gdp) at current market prices by nuts 3 region?
- Madrid ranks 26th out of 1664 regions with data for 2023.
- Is gross domestic product (gdp) at current market prices by nuts 3 region rising or falling in Madrid?
- Over the last ten years it is up 53.1%. The long-run trend across the full record is rising.
- Where does this Madrid data come from?
- The figures come from Eurostat, published as part of Gross domestic product (GDP) at current market prices by NUTS 3 region. Statizoid updates them automatically from the source API.
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