Marbella’s economy is largely driven by tourism, which accounts for a significant portion of the city’s revenue. Its status as a luxury destination attracts wealthy international visitors, especially from the UK, Germany, and Scandinavia. The service industry, including hospitality, restaurants, and retail, thrives due to the influx of tourists and expatriates who settle in Marbella.
The real estate market in Marbella is another key driver of the local economy, with high demand for luxury villas and apartments, particularly along the Golden Mile and in areas like Sierra Blanca. Many investors are drawn to Marbella for its appeal as a second home destination.
Additionally, the city is a hub for the golf industry, with numerous world-class courses that cater to both amateur and professional players. Agriculture, particularly the cultivation of olives and citrus fruits, also plays a role in the local economy, though it is secondary to the tourism and real estate sectors.