Arrecife’s economy is largely driven by tourism, thanks to its status as a gateway to Lanzarote’s many natural and cultural attractions. The city’s port plays a crucial role in this, as it serves as a major point of entry for cruise ships and cargo vessels. Additionally, Arrecife’s commercial port, Puerto de los Mármoles, is vital for the island’s economic activity, handling imports and exports that sustain Lanzarote’s industries.
In recent years, the hospitality industry has flourished, with a variety of hotels, resorts, and vacation rentals catering to the growing number of international visitors. Fishing remains an important industry, as it has been since the city’s founding, and locally caught seafood is a staple in Arrecife’s restaurants.
Local crafts, such as pottery and textiles, also contribute to the economy, particularly in the tourist sector where visitors can purchase handmade goods as souvenirs. Lanzarote’s volcanic vineyards produce unique wines, such as the Malvasía variety, which are highly regarded both locally and internationally.