Madrid Formula 1 race to boost local economy by 467 million euros, study finds
Nexus Europa Newsroom
Posted Jul 31, 2026, 10:00 AM UTC · In the digest of 2026-07-31-1000
A PwC study estimates the Formula 1 Spanish Grand Prix in Madrid will create 8,850 jobs and generate 467 million euros for the regional economy.
A new economic impact study conducted by PwC indicates that the Formula 1 Spanish Grand Prix in Madrid is projected to contribute 467 million euros to the regional economy. The updated figures show the event is also expected to create 8,850 jobs, representing roughly 5.7% of the direct gross value added within the Community of Madrid's recreational activities sector. Based on real sales and investment data from ongoing event preparations, the report further estimates that the Grand Prix will generate nearly 83 million euros in tax revenues.
Sources: Marca.