Madrid is the capital and the largest city of Spain. It is a famous ancient city in Europe. It is the political, economic and cultural center of Spain. It has rich historical and cultural relics and is well equipped with modern tourism infrastructure. It has a developed service industry.

Due to its economic output, high standard of living, and market size, Madrid is considered the major financial center of Southern Europe and the Iberian Peninsula. It hosts the head offices of the vast majority of major Spanish companies, such as Telefónica, Iberia and Repsol. Madrid is the 17th most livable city in the world according to Monocle magazine, in its 2014 index. Madrid is home to four world-famous football clubs, Real Madrid and Atlético de Madrid, Rayo Vallecano and Getafe C.F. S. A. D.