Madrid is the capital and most populous city of Spain. The city has almost 3.4 million inhabitants and a metropolitan area population of approximately 6.7 million. It is the second-largest city in the European Union (EU), and its monocentric metropolitan area is the second-largest in the EU. The municipality covers 604.3 km2 (233.3 sq mi) geographical area. Madrid lies on the River Manzanares in the central part of the Iberian Peninsula at about 650 meters above mean sea level. The capital city of both Spain and the surrounding autonomous community of Madrid (since 1983), it is also the political, economic, and cultural centre of the country. The climate of Madrid features hot summers and cool winters.
The Madrid urban agglomeration has the second-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. Due to its economic output, high standard of living, and market size, Madrid is considered the major financial centre and the leading economic hub of the Iberian Peninsula and of Southern Europe. The metropolitan area hosts major Spanish companies such as Telefónica, Iberia, BBVA and FCC. It concentrates the bulk of banking operations in the country and it is the Spanish-speaking city generating the largest amount of webpages. For innovation, Madrid is ranked 19th in the world and 7th in Europe from 500 cities, in the 2022-2023 annual analysts Innovation Cities Index, published by 2ThinkNow.
Main parks in the municipality
Madrid has the second highest number of aligned trees in the world, with 248,000 units, only exceeded by Tokyo. Madrid's citizens have access to a green area within a 15-minute walk. Since 1997, green areas have increased by 16%. At present, 8.2% of Madrid's grounds are green areas, meaning that there are 16 m2 (172 sq ft) of green area per inhabitant, far exceeding the 10 m2 (108 sq ft) per inhabitant recommended by the World Health Organization.
A great bulk of the most important parks in Madrid are related to areas originally belonging to the royal assets (including El Pardo, Soto de Viñuelas, Casa de Campo, El Buen Retiro, la Florida and the Príncipe Pío hill, and the Queen's Casino).[94] The other main source for the "green" areas are the bienes de propios [es] owned by the municipality (including the Dehesa de la Villa, the Dehesa de Arganzuela or Viveros).
El Retiro is the most visited location of the city. Having an area bigger than 1.4 km2 (0.5 sq mi) (350 acres), it is the largest park within the Almendra Central, the inner part of the city enclosed by the M-30. Created during the reign of Philip IV (17th century), it was handed over to the municipality in 1868, after the Glorious Revolution. It lies next to the Royal Botanical Garden of Madrid.
Located northwest of the city centre, the Parque del Oeste ("Park of the West") comprises part of the area of the former royal possession of the "Real Florida", and it features a slope as the height decreases down to the Manzanares. Its southern extension includes the Temple of Debod, a transported ancient Egyptian temple.
Other urban parks are the Parque de El Capricho, the Parque Juan Carlos I (both in northeast Madrid), Madrid Río, the Enrique Tierno Galván Park [es], the San Isidro Park [es] as well as gardens such as the Campo del Moro (opened to the public in 1978) and the Sabatini Gardens (opened to the public in 1931) near the Royal Palace.
Further west, across the Manzanares, lies the Casa de Campo, a large forested area with more than 1700 hectares (6.6 sq mi) where the Madrid Zoo, and the Parque de Atracciones de Madrid amusement park are located. It was ceded to the municipality following the proclamation of the Second Spanish Republic in 1931.
The Monte de El Pardo is the largest forested area in the municipality. A holm oak forest covering a surface over 16,000 hectares, it is considered the best preserved mediterranean forest in the Community of Madrid and one of the best preserved in Europe. Already mentioned in the Alfonso XI's Libro de la montería [es] from the mid-14th century, its condition as hunting location linked to the Spanish monarchy help to preserve the environmental value. During the reign of Ferdinand VII the regime of hunting prohibition for the Monte de El Pardo became one of full property and the expropriation of all possessions within its bounds was enforced, with dire consequences for the madrilenians at the time. It is designated as Special Protection Area for bird-life and it is also part of the Regional Park of the High Basin of the Manzanares.