Tourism is the main economic driver in Maspalomas, as it is for much of the Canary Islands. The city’s hotels, resorts, and vacation rentals cater to millions of visitors each year. Aside from hospitality, other key industries include retail, particularly in the upscale Meloneras district, and real estate, with a high demand for vacation homes and luxury properties.
Maspalomas is also known for its agricultural production, particularly tropical fruits such as bananas, papayas, and tomatoes, which thrive in the region’s fertile volcanic soil. Additionally, the city is becoming a hub for renewable energy projects, thanks to its sunny and windy climate, contributing to sustainable development efforts.