Tourism is one of the most significant contributors to Toledo’s economy, with millions of visitors drawn to its historical monuments, festivals, and museums every year. The city’s strategic location near Madrid also enhances its appeal as a weekend destination. Alongside tourism, Toledo is known for its artisanal industries, particularly the production of swords and other metal crafts, which have been famous since the time of the Moors. Damascene jewelry, a technique of inlaying gold or silver into steel, is another craft unique to Toledo and popular among visitors seeking souvenirs.
In addition to these traditional industries, Toledo is also a center for agricultural production, particularly olive oil and wine. The surrounding region of Castile-La Mancha is known for its vineyards and olive groves, producing some of the best wines and oils in Spain. Local businesses and markets thrive on these products, which are often exported internationally.
In recent years, Toledo has also developed a growing service industry, particularly in sectors like hospitality, events, and education. With its increasing popularity as a cultural and business hub, the city has seen a rise in modern amenities, catering to both tourists and professionals.