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8.1 Sustain economic growth

Target description

The indicators that assess the impact of these actions by Madrid Nuevo Norte were prepared based on the 169 targets associated with the Sustainable Development Goals (SDGs) and the targets taken on by the Madrid City Council and localised for the city.

  • Sustainable Development GOALS

    8.1 Sustain per capita economic growth in accordance with national circumstances and, in particular, at least 7% gross domestic product growth per annum in the least developed countries.

Madrid Nuevo Norte project actions

It is estimated that Madrid Nuevo Norte will have an impact of EUR 12 B on regional GDP, and will also have a national impact on short and medium term recovery.

What is the impact?

Madrid Nuevo Norte will generate EUR 15.2 B of the national GDP, contributing EUR 12 B to the GDP of the Region of Madrid and exporting part of that wealth (EUR 3.2 B) to other regions. The direct impact on SDG 8 is enormous, helping the economy to recover and moving towards the goals of the 2030 Agenda.

Operational indicator

Growth of Gross Domestic Product per capita.

Other related impact indicators

Indicators prepared based on sources such as the United Nations, the Spanish Statistical Office, the European Commission and the Madrid City Council.

  • United Nations JRC REDS

    Annual growth of real GDP per capita: 11.877% (2020) (Region of Madrid).

Specific methodology

Learn more about the specific methodology, reference sources and indicators used for this target.

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