Vélez-Málaga’s economy has traditionally been rooted in agriculture, with the region famous for its production of subtropical fruits such as mangoes and avocados. The fertile lands of the Axarquía region also produce high-quality olive oil, wine, and almonds, all of which play a significant role in the local economy. In recent years, the city has seen growth in the tourism industry, driven by its proximity to the Costa del Sol and the increasing number of cultural and historical attractions that appeal to both national and international visitors.
Tourism is a key driver of the economy, with Vélez-Málaga’s rich cultural heritage and natural beauty attracting visitors year-round. Additionally, the service sector, including hospitality and retail, is expanding, with new hotels, restaurants, and shops opening to cater to the growing number of tourists. Local crafts, such as ceramics and leather goods, also contribute to the city’s economy, with many artisans maintaining centuries-old traditions.
The city is also benefiting from its strategic location within the Málaga province, which positions it well for further economic development, including investment in sustainable agriculture, eco-tourism, and small-scale manufacturing.