Madrid ( /məˈdrɪd/, ) is the capital and largest city of Spain. The population of the city is roughly 3.3 million and the entire population of the Madrid metropolitan area is calculated to be 6.5 million. The population of the great Madrid is calculated in 7.2 million. It is the third-largest city in the European Union, after London and Berlin, and its metropolitan area is the third-largest in the European Union after London and Paris. The city spans a total of 604.3 km2 (233.3 sq mi).
The city is located on the Manzanares river in the centre of both the country and the Community of Madrid (which comprises the city of Madrid, its conurbation and extended suburbs and villages); this community is bordered by the autonomous communities of Castile and León and Castile-La Mancha.
As the capital city of Spain, seat of government, and residence of the Spanish monarch, Madrid is also the political centre of Spain. The current mayor is Ana Botella from the People's Party (PP).
The Madrid urban agglomeration has the third-largest GDP in the European Union and its influences 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 of Southern Europe and the Iberian Peninsula; it hosts the head offices of the vast majority of the major Spanish companies, such as Telefónica, Iberia or Repsol. Madrid is the most touristic city of Spain, the third in the EU the fourth-most touristic of the continent and the seventh in the world according to Forbes. Is the 10th most livable city in the world according to Monocle magazine, in its 2010 index. Madrid also ranks among the 12 greenest European cities in 2010. Madrid is currently a Candidate City for the 2020 Summer Olympics.
Madrid houses the headquarters of the World Tourism Organization (WTO), belonging to the United Nations Organization (UN), the SEGIB and the Organization of Ibero-American States (OEI). It also hosts major international institutions regulators of Spanish: the Standing Committee of the Association of Spanish Language Academies, headquarters of the Royal Spanish Academy (RAE), the Cervantes Institute and the Foundation of Urgent Spanish (Fundéu). Madrid organizes fairs as FITUR, ARCO, SIMO TCI and the Cibeles Madrid Fashion Week.
While Madrid possesses a modern infrastructure, it has preserved the look and feel of many of its historic neighbourhoods and streets. Its landmarks include the Royal Palace of Madrid; the Teatro Real (Royal theatre) with its restored 1850 Opera House; the Buen Retiro Park, founded in 1631; the 19th-century National Library building (founded in 1712) containing some of Spain's historical archives; a large number of National museums, and the Golden Triangle of Art, located along the Paseo del Prado and comprising three art museums: Prado Museum, the Museo Nacional Centro de Arte Reina Sofía, a museum of modern art, and the Thyssen-Bornemisza Museum, which completes the shortcomings of the other two museums.
In the years the Cibeles Palace and Fountain have become the monument symbol of the city.