Candelaria’s economy is primarily driven by tourism, as the town is a popular destination for both religious pilgrims and leisure travelers. The town’s historical and religious significance draws thousands of visitors annually, particularly for the Fiesta of the Virgin of Candelaria. Additionally, Candelaria’s location on the coast and its proximity to major cities like Santa Cruz de Tenerife ensure a steady stream of tourists year-round.
Beyond tourism, fishing has historically been an important industry, and some local families continue to practice traditional fishing techniques. Agriculture also plays a role in the local economy, with products such as bananas, tomatoes, and potatoes being cultivated in the surrounding areas.
In recent years, the town has also seen growth in small businesses, particularly in the hospitality and retail sectors, where local artisans sell crafts and goods such as pottery and Canarian textiles. This blend of traditional and modern economic activities gives Candelaria a balanced and dynamic economic profile.