The economy of El Álamo is primarily driven by agriculture, small businesses, and services related to tourism. The fertile land surrounding the town allows for the cultivation of various crops, and local farms produce olives, wine, and other Mediterranean staples. Many of these products are available at local markets, where visitors can purchase fresh, high-quality produce directly from the source.
In recent years, the town has seen growth in the hospitality sector, with small guesthouses and rural accommodations catering to visitors looking for a peaceful retreat near Madrid. El Álamo’s proximity to the capital has also led to an increase in real estate development, attracting new residents who work in Madrid but prefer the quieter lifestyle of the province.
Local crafts and artisanal products, such as ceramics and traditional Spanish textiles, also contribute to the town’s economy. These items make for unique souvenirs, and the town’s weekly market is an excellent place to discover these handmade goods.