Madrid is the capital of Spain and the largest municipality in both the Community of Madrid and Spain as a whole. It is the third-largest city in the European Union (EU), smaller than only London and Berlin, and its monocentric metropolitan area is the third-largest in the EU, smaller only than those of London and Paris. The municipality covers 604.3 km2
Madrid lies on the River Manzanares in the centre of both the country and the Community of Madrid (which comprises the city of Madrid, its conurbation and extended suburbs and villages); this community is bordered by the autonomous communities of Castile and León and Castile-La Mancha. As the capital city of Spain, seat of government, and residence of the Spanish monarch, Madrid is also the political, economic and cultural centre of the country. The current mayor is Manuela Carmena from the party Ahora Madrid.
The Madrid urban agglomeration has the third-largest GDP in the European Union and its influence in politics, education, entertainment, environment, media, fashion, science, culture, and the arts all contribute to its status as one of the world's major global cities. Madrid is home to two world-famous footballclubs, Real Madrid and Atlético Madrid. Due to its economic output, high standard of living, and market size, Madrid is considered the leading economic hub of the Iberian Peninsula and of Southern Europe. It hosts the head offices of the vast majority of major Spanish companies, such as Telefónica, IAG or Repsol. Madrid is also the 10th most liveable city in the world according to Monocle magazine, in its 2017 index.
(Sources: Wikipedia)
