Madrid F1 race generated €544m in economic activity

The inaugural 2026 Spanish Formula 1 Grand Prix at the Madring created €544 million in economic activity, supported 10,948 jobs and generated €95 million in tax revenue, according to the event's organiser. A study by PwC said every €1 of directly linked activity produced €4.60 across Madrid's wider economy, and the total impact was 16.5% larger than expected.

The grand prix attracted 353,000 attendees, with 35% of visitors from overseas and 20% from elsewhere in Spain. International visitors spent an average of €2,772 per person, compared with €1,099 for Spanish visitors and €659 for Madrid residents, figures that include the estimated average ticket price.

For comparison, the Barcelona GP generated over €300 million in local economic activity in 2024, according to its own reports. The Madring circuit's track layout is set to change for 2027 to improve the quality of racing and overtaking.