Ceuta’s economy is largely driven by its strategic location as a port city. Shipping and logistics are major economic contributors, as the city serves as a crucial point of exchange between Europe and Africa. Tourism also plays a significant role in Ceuta’s economy, attracting visitors interested in its history, culture, and beaches. Additionally, the retail sector in Ceuta is robust, bolstered by its tax-free status, which encourages cross-border shopping.
Fishing and aquaculture are traditional industries in Ceuta, contributing to the local economy. The city is also home to some small-scale manufacturing industries, particularly in textiles and food processing. Local products such as olive oil, honey, and fresh seafood are highly prized.
In recent years, the local government has been focusing on developing Ceuta’s potential as a technology and business hub, offering incentives for companies to establish themselves in the city.