OECD views on Madrid, January 2008
Madrid has captured the advantages of globalisation by becoming a metropolitan region of 6 million people, which attracts foreign workers and firms.
There is also a good tax environment for international executives to relocate to Spain as we have discussed in these pages. See the article published in Tax Journal UK on this topic España Mañana.
The capital region has experienced impressive dynamic economic growth in recent years, making the best of the positive business cycle in Spain. It absorbs more than half of Spain’s total foreign direct investment (FDI) and has extended its economic relations with Latin American countries.
Growth has occurred largely in the service sector (financial, banking, business services) as well as in logistics (Madrid Barajas Airport is the largest employer in the region).
Please read the full article OECD territorial article on Madrid
