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The City
Madrid is the capital and most populous city of Spain as well as the capital of the same-named autonomous community of Madrid. The city has almost 3.4 million residents, while there are roughly 6.7 million people living in the surrounding metropolitan region. Its monocentric metropolitan area is the second-largest in the European Union (EU), and it is the second-largest city in the EU. Geographically, the municipality spans a 604.3 km2 region.
Madrid is located in the centre of the Iberian Peninsula along the Manzanares River. Since virtually continuously since 1561, Madrid has served as the capital of both Spain and the neighbourhood’s autonomous community. It is also the nation's political, economic, and cultural hub. The settlement is located on an elevated plain 300 kilometres (190 miles) away from the nearest oceanfront area. Madrid experiences warm summers and chilly winters.
The Madrid urban agglomeration has the second-largest GDP in the European Union, and its impact on media, fashion, science, culture, and the arts, as well as on politics, education, entertainment, and the environment, all contribute to its standing as a significant worldwide city. Madrid is regarded as the major financial centreand the dominant economic hub of the Iberian Peninsula and of Southern Europe due to its economic production, high level of living, and market size. Important Spanish corporations like Telefónica, Iberia, BBVA, and FCC are based in the metropolitan area. It is the Spanish-speaking city that produces the most webpages and where the majority of the nation's banking operations are concentrated.