La Bañeza’s economy is driven by agriculture, with the surrounding plains providing fertile land for the cultivation of cereals, vegetables, and legumes. The region is also known for its production of high-quality pulses, especially lentils and beans, which are exported throughout Spain and beyond. In addition to agriculture, food processing and manufacturing are important sectors, with several local businesses producing traditional foods, canned vegetables, and confectionery.
Tourism is another growing industry in La Bañeza, thanks to its cultural festivals, historical landmarks, and events like the Carnival and Grand Prix. The city has also become known for its traditional crafts, including pottery and embroidery, which can be found in local markets and shops. The combination of agriculture, manufacturing, and tourism creates a diversified economy that supports the local population.