Madrid economy includes trade and industry, business sectors, service and government sectors.
The increasing influx of immigrants to Madrid from other parts of the world is a pointer towards the city's popularity as an employment hub. And Madrid economy is determined by the huge boost in the working population of the city. Madrid, the chief administrative hub of Spain, has become popular as an industrial center, from 20th century onwards.
Madrid Industries
Being the capital of Spain, Madrid has shown a considerable inclination towards growth in the private, public, government and service oriented sectors. Located centrally, the city plays an important role as a transportation hub which promotes the growth and development of Madrid trade and industry.
Madrid economy is highly dependent upon manufacturing units that include automative and aircraft industries. Some of the other industries in the Madrid economic sector include:
- Electric and electronic equipments
- Optics
- Rubber
- Motor vehicles
- Metallurgical manufacturers
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- Plastics
- Pharmaceuticals
- Chemicals
- Leather goods
- Processed food
- Printed materials
Madrid service sectors
The service sectors in Madrid accounts for four-fifth of the total employment in the city. This particular sector comprises of:
- Advanced business services
- Logistics and telecommunication
- Financial services that includes banking, insurance and many more
- Health
- Education
Some of the other service sectors in Madrid economy include works related with Spanish language publishing, tourism and many others. Another important constitutent of Madrid's economy is the agricultural sector that includes production of wheat, olives, vines and many more.
Madrid economy and the market trends underline the developing economic system of the city.
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