Generators of Value in the City of Madrid

The Thyssen-Bornemisza National Museum, as a centre of attraction for both national and international visitors, is one of the main assets of the city of Madrid due to its ability to generate income and create jobs.

Economic impact-GDP * Tax impact ** Impact on employment *** 2019 2020 2021 % variation

629,294,181 161,981,241 355,981,346 119% 222,770,140 57,017,397 130,144,603 128% 22,834 7,128 14,677 105%

* Contribution of the Thyssen-Bornemisza National Museum to the Gross Domestic Product, GDP ** Contribution to public funds *** Employment necessary for the demand generated by the Thyssen-Bornemisza National Museum

The activity of the thyssen-bornemisza national museum has a positive effect on the economy and employment of the city of Madrid.

Wols

The City 1950-1951 Gouache, ink and watercolour on paper. 21 x 16.5 cm Museo Nacional Thyssen-Bornemisza

The Leontief inverse matrix was used to calculate this index based on the following sources: Distribution of tourist spending: INE, EGATUR survey (Jan–Jun 2018); Tax revenue in Spain: Eurostat, www.epdata.es; Tourist expenditure Madrid: Tourism Vademecum. Madrid Destino (Dec 2019).

Although some restrictions on mobility were maintained in 2021 and new waves of infection were produced, the economic impact generated in Madrid in 2021 was significantly greater than in 2020. However, it is still far from figures prior to the health crisis.