The economy of Icod de los Vinos has long been centered around agriculture, with viticulture playing a dominant role. The city’s vineyards produce some of Tenerife’s finest wines, particularly the sweet Malvasia wine, which has been enjoyed both locally and internationally for centuries. In addition to wine production, the fertile lands around the city support the cultivation of bananas, potatoes, and other crops, making agriculture an essential part of the local economy.
Tourism is also a growing industry in Icod de los Vinos, thanks to its natural attractions, historical sites, and cultural events. The city has become a popular destination for eco-tourism, with visitors drawn to its hiking trails, volcanic caves, and botanical gardens. Local businesses, such as artisanal crafts and traditional restaurants, further contribute to the city’s economy by offering unique products and experiences.