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Milan and Lombardy had a GDP of €400 billion ($493 billion) and €650 billion ($801 billion) respectively in 2017. [2] [failed verification] Milan surpassed Berlin in the size of its economy in 2014, and has since been the richest city among the Four Motors for Europe. It is a member of the Blue Banana corridor among Europe's economic leaders.
[11] [12] Milan is the economic capital of Italy, one of the economic capitals of Europe and a global financial centre. [13] [14] Milan is a leading alpha global city, with strengths in the fields of art, chemicals, commerce, design, education, entertainment, fashion, finance, healthcare, media (communication), services, research, and tourism.
The economy of Spain is a highly developed social market economy. [28] It is the world's 15th largest by nominal GDP and the sixth-largest in Europe . Spain is a member of the European Union and the eurozone , as well as the Organization for Economic Co-operation and Development and the World Trade Organization .
The 2022 Startup Law has provided a more favorable legal and financial framework for creating and scaling emerging companies in Spain.
Map of metropolitan regions in the European Union in 2018. A metropolitan region's gross domestic product, or GDP, is one of several measures of the size of its economy.. Similar to GDP, GMP is defined as the market value of all final goods and services produced within a metropolitan region in a given period of t
Under the Spanish viceroys from 1535, Milan became one of the contributors to the Spanish king's army. At the time Lombardy had the most developed manufacturing and commercial economy anywhere in the world, making it a valuable tool for the Spanish military: an armory of paramount strategic importance. [40]
The economy of Italy is a highly developed social market economy. [31] It is the third-largest national economy in the European Union, the 8th-largest economy in the world by nominal GDP, and the 11th-largest by PPP-adjusted GDP. The country has the second-largest manufacturing industry in Europe, which is also the 7th-largest in the world. [32]
Italy–Spain relations are the interstate relations between Italy and Spain. Both countries established diplomatic relations some time after the unification of Italy in 1860. Both nations are member states of the European Union (and both nations utilize the euro as currency) and are both members of the Council of Europe , OECD , NATO , Union ...