The economy of Las Palmas is primarily driven by tourism, thanks to its sunny climate, beautiful beaches, and vibrant cultural scene. Every year, millions of visitors come to the city, supporting a large network of hotels, restaurants, and leisure businesses. The city’s location in the Canary Islands, a key trade hub between Europe, Africa, and the Americas, also makes it a significant port city. The Port of Las Palmas is one of the busiest in Spain, supporting the shipping, fishing, and logistics industries.
Apart from tourism and trade, Las Palmas has a thriving service sector, including financial services, real estate, and retail. The city is also becoming a hub for digital nomads and remote workers, attracted by the quality of life and excellent internet infrastructure. Gran Canaria’s agricultural sector, including tropical fruits like bananas and papayas, also contributes to the local economy, with some produce being exported.
In recent years, the city has also developed a growing reputation as a center for marine sciences and research, owing to its proximity to important oceanic routes and its tradition in seafaring.