Economic+Characteristics

Economic Characteristics

//** Madrid is one the largest industrial centers of Spain. **////**It manufactures aircraft, electrical equipment, agricultural machinery, and leather goods. The city is the center of finance, insurance, and the nation's largest transportation unit. From 1992 to 2006 we have seen a**// //**large growth in the service sector which is primarily in the tertiary sector of the economy.**////**Madrid has a GDP (Gross Domestic Product) of 130.067. The GDP per capita is**// //**40,024 € ($57,641).**// //** Out of all the countries that take part in the European union, Madrid's agglomeration has the third largest GDP. **// //**Along with**// //**London, Paris, Frankfurt, and Amsterdam,**// //**Madrid is the world's financial leader. In Madrid they use the currency of Euro's. Two U.S dollars is one Euro in Madrid.**//