Bilbao’s economy has evolved dramatically over the past few decades. Once heavily reliant on shipbuilding and steel, the city has shifted towards services, finance, and tourism. The Guggenheim Museum has played a pivotal role in driving this transformation, drawing millions of visitors annually and boosting the local economy through tourism-related industries.
The Port of Bilbao remains one of the most important in Spain, contributing significantly to the city’s economy. Additionally, Bilbao is becoming a hub for technology and innovation, with initiatives aimed at fostering startups and sustainable development. Events like the annual Bilbao Tech Week further highlight the city’s growing reputation in the tech sector.
Local crafts and products also hold an important place in the economy. Bilbao is part of the broader Basque Country, which is known for producing high-quality items like txakoli (a regional white wine), cider, and artisanal cheeses, which are often showcased in local markets and festivals.