The economy of Morayra is primarily driven by tourism, which is the largest sector in the city and the entire Province of Las Palmas. Thanks to its idyllic coastal setting and appealing climate, Morayra has become a popular destination for both international and local tourists. The tourism sector provides a range of services, including hotels, restaurants, and guided tours, making it a central component of the city’s economy.
Agriculture also plays a key role, with the Canary Islands being known for unique products such as bananas, wine, and aloe vera. Morayra contributes to this agricultural tradition, with local farms producing high-quality fruits, vegetables, and traditional products like gofio, a flour made from roasted grains that has been a staple in the Canarian diet for centuries.
Another growing sector is renewable energy. With its sunny climate and consistent winds, Morayra and the surrounding Canary Islands are investing in wind and solar energy projects, positioning the city as a leader in sustainable development in the region.