Ibiza’s economy is heavily driven by tourism, which is the island’s primary industry. Every year, millions of visitors flock to the city, drawn by its nightlife, beaches, and natural beauty. This influx of tourists has led to a thriving hospitality industry, with a wide range of hotels, restaurants, and entertainment venues. Ibiza is also famous for its beach clubs, which have become central to its identity as a party destination.
Aside from tourism, Ibiza has a growing wellness and lifestyle industry. Many visitors come to the island seeking wellness retreats, yoga, and holistic therapies, making this sector increasingly important to the local economy. Agriculture, though less prominent, still plays a role, with local products such as olive oil, wine, and almonds being produced on the island. The promotion of sustainable tourism and eco-friendly practices is also becoming a focus for the local government and businesses.
Local crafts and artisanal products are also part of Ibiza’s economic fabric, with traditional textiles, ceramics, and jewelry made by local artisans available in markets like the famous Las Dalias Hippy Market. These markets offer a glimpse into Ibiza’s bohemian culture, which remains an integral part of the island’s identity.