“We are the driving force of this country, and that is a great source of pride and a great responsibility for us,” the regional President stressed.
At the opening of the III Madrid Investment Forum, organised by the regional agency Invest in Madrid at Forbes House in the capital, Díaz Ayuso explained that Madrid’s Gross Domestic Product (GDP) grew by 0.8% compared with the previous quarter, one tenth of a percentage point above the national average and twice the rate recorded across the EU, where the economy grew by just 0.4%.
Regional demand increased by 3.5% year-on-year, driven by a 2.9% rise in household spending and a 5.6% increase in gross fixed capital formation, with residential investment growing by 5.3%. From the supply-side perspective, the Services sector posted annual growth of 3.3%, with notable contributions from trade, hospitality, transport and communications, while business and financial services grew by 3.6%. Construction and Industry also contributed to this strong performance, recording annual growth of 3.1% and 1.5%, respectively.
These figures consolidate the region’s position as Spain’s economic engine, accounting for 19.8% of the country’s total GDP. This dynamism is also reflected in the labour market, with 3,871,993 people registered with the Social Security system last August, the highest figure ever recorded for this month. Over the past year, 138,115 new jobs have been created, representing an increase of 3.7%, six tenths of a percentage point above the national figure, equivalent to 378 new jobs being created every day.