We compared Madrid to Catalonia to find out who has managed better over time. Then we have continued with the state of Bavaria, Ile de France, Lombardy and Piedmont and in this article, we are going to compare it with the two most important administrative regions of Portugal, the Lisbon Metropolitan Area and the Northern Region, which includes the city of Porto. For.
metropolitan area Lisboa It is a region that includes 18 municipalities, including Cascais, Sintra and Setbal. It has an area of 3,015 square kilometers and a population of 2.8 million inhabitants at the end of 2019.
The Northern Territory is one of the 7 regions of Portugal, a grouping of 86 municipalities, with the most important metropolitan area in the region. port, The region has an area of 21,284 km and is the most populous in Portugal with 3.6 million inhabitants in 2019.
There are 6.4 million inhabitants between these two Portuguese territories, which is the same as the 6.6 million that the Community of Madrid had on the same dates.
At the end of the article we will prepare a ranking between Madrid and other regions, in order to have a vision that will allow us to identify where the most important community in our country is in relation to the larger European regions.
Let us analyze its GDP growth between 2009 and 2019:
In 2009, the GDP of the Community of Madrid was 3 times greater than that of the Metropolitan Region of Lisbon, now Lisbon, and 4 times that of the Northern Region, now Porto.
Five years later, the community of Madrid, as we have already seen, suffocated Financial Crisis And its GDP decreases by 1.7%. The same happens with Lisbon, but goes up a bit more, with its GDP falling by 5%, while Porto is catching the crisis better and growing by 3.3%.
If we add the two Portuguese regions to their GDP, and given that their populations are similar in size, we see that in 2009 this parameter accounted for 58% of Madrid and moreover, while Madrid previously fell 1.7% in five years. , the sum of the two areas makes it 1.4%.
In the second five-year period, there is a complete change of trends in the three sectors. Madrid manages to grow 23.6% in these 5 years, while Lisbon grows 22.6% and Porto reaches 25.1%, slightly higher than Madrid and Lisbon.
The sum of the two regions grew 23.7% in the second five-year period, only a tenth more than Madrid.
decade comparison It is much the same. Madrid grew at 21.5%, Lisbon grew the least, 16.6%, and Porto grew the most, reaching 29.2%. The two Portuguese territories together grow 4 tenths more than Madrid, +21.9%.
Let’s see if per capita analysis Follow similar guidelines.
Based on a comparison of prices in both countries, at EU-adjusted per capita income levels, we find that, in 2009, people in Madrid have an income of 4,200 euros higher than that of Lisbon and 16,800 euros more than that of Porto. Resident.
Five years later, the income of Madrid’s residents, despite declining GDP, has risen by 0.9%, while those in Lisbon have declined by 2.8% and those in Porto by 8.1%. This means that in the case of Madrid the per capita income (RPC) increases by 400 euros, that of Lisbon decreases by 800 euros and that of Porto increases by 1,300 euros.
In 2019, adjusted income For Madrid it is 38,700 euros and an increase of 16.9% over the second five-year period, while Lisbon has increased by 15.1% and Porto by 21.4%. In absolute values, Madrid increased by 5,600 euros over this five-year period, with Lisbon by 4,200 euros and Porto by 3,700 euros.
In these 10 years the population of Madrid has increased by 4.3%, the population of Lisbon has increased by 1.9%, while that of Porto has decreased by 3.8%.
With these data we can conclude that Madrid continues first of all The two Portuguese territories together, as the difference still exceeds 100,000 million GDP.
The northern region of Portugal is, of course, a region that manages to grow despite the decline in population over these ten years. This decline in population may, at some point, affect its future.
The metropolitan area of Lisbon has difficulties with crises, but this does not prevent it from growing into a complex period, especially given that Portugal was a country interceded by “black people”.
With these data we can conclude that Madrid, if able to maintain the momentum from 2014 to 2019, has a huge opportunity ahead and could become a real driving force in Europe. To do this you have to prepare yourself to deal with crises.
Next we’re going to compare the 6 European regions we’ve analyzed so far:
Bavaria, without a doubt, there are examples to follow, and it would be useful to analyze in more depth what the Bavarians are doing to achieve this development. Porto does very well, even better than Madrid, but, as we have already seen, maintaining high economic growth with a population decline could be a high risk for the future.
Madrid is ahead of Lombardy, Lisbon and Piedmont, and it is clear that it must analyze its strengths and weaknesses in order to take advantage of their growth opportunities to be one of the stars in Europe.
Madrid better than Lisbon, but slightly worse than Porto