Arico el Nuevo’s economy is deeply tied to agriculture, with a focus on traditional crops like potatoes, grapes, and cereals. The surrounding countryside is dotted with vineyards and farms that have been in operation for generations. Wine production is a significant aspect of the local economy, and visitors can sample some of the region’s finest wines, made from unique varieties of grapes cultivated in Tenerife’s volcanic soil. The town also produces high-quality artisanal goods, with local crafts such as pottery and weaving playing an important role in the community.
In recent years, tourism has become an increasingly important economic driver for Arico el Nuevo. The town’s peaceful atmosphere and rich cultural heritage have attracted visitors looking for a more authentic experience away from the busy tourist areas of Tenerife. Eco-tourism, in particular, has seen significant growth, with activities such as hiking, bird-watching, and rural stays contributing to the local economy. Small, family-owned businesses like guesthouses, restaurants, and artisanal shops offer a personalized experience to visitors.
Additionally, Arico el Nuevo is benefiting from Tenerife’s growing renewable energy sector. Wind and solar farms are being developed in the surrounding areas, contributing to sustainable energy production on the island and providing new economic opportunities for the local population.