Munguía’s economy has traditionally been driven by agriculture, particularly cattle farming and the cultivation of local produce. However, in recent decades, it has diversified to include sectors like manufacturing and services. The town benefits from its proximity to the industrial and economic hub of Bilbao, which has helped foster small to medium-sized businesses in Munguía, particularly in areas like food production and local crafts.
One of the town’s unique economic drivers is its role in producing local Basque delicacies, particularly cheeses and charcuterie, which are popular in markets throughout the region. Visitors can explore local markets and shops to find artisan products made in and around Munguía, often with organic and traditional methods.
Tourism is also growing in importance, as more visitors are drawn to the region for its scenic beauty, cultural festivals, and outdoor activities. Many local businesses cater to this sector, offering guided tours, rural accommodations, and artisanal souvenirs.