The economy of Peligros is primarily driven by agriculture, with olive oil production and vineyards being key industries in the surrounding area. The fertile soil and ideal climate make it an important region for growing olives, grapes, and various fruits. Small-scale farming and traditional crafts are still part of the local economy, adding to the town’s charm.
Tourism is also an increasingly important economic sector, especially given its proximity to Granada and the Sierra Nevada mountains. The influx of visitors, both domestic and international, has led to the growth of hospitality services, including hotels, restaurants, and event venues. Peligros is also home to a growing number of small businesses, including artisans and craft workshops producing unique local goods such as ceramics and textiles.
In recent years, the town has also benefited from regional economic development programs, which have helped modernize infrastructure and promote small business growth. This has positioned Peligros as an emerging destination for visitors looking for an authentic Andalusian experience without the crowds of larger cities.