Is Madrid Spain poor or rich?

As of 2021, Madrid had a per capita regional GDP of $43,264 (United States dollars). This is significantly higher than the national per capita GDP of Spain, which was $30,556 in the same year. Madrid's per capita GDP is also comparable to the per capita GDP of other major European cities, such as Paris ($48,126) and London ($50,244).

Madrid's high per capita GDP is due to a number of factors, including:

* A diverse and growing economy: Madrid is home to a diverse array of industries, including finance, technology, tourism, and manufacturing. The city is also a major center for trade and commerce.

* A highly skilled workforce: Madrid has a highly skilled workforce, with a large number of workers who have university degrees. This has helped the city to attract major international businesses and organizations.

* A strong infrastructure: Madrid has a strong infrastructure, with excellent public transportation, roads, and airports. This has made it easy for businesses to operate and for people to live in the city.

Despite Madrid's overall wealth, there are still pockets of poverty in the city. Some areas of Madrid have high levels of unemployment and poverty, and the cost of living in the city can be high. However, overall, Madrid is a wealthy city that offers a high quality of life for its residents.