The economy of Santiago del Teide is largely driven by tourism, which has flourished due to its natural beauty and the growth of nearby coastal resorts. The town is a popular destination for eco-tourism, with activities such as hiking, whale watching, and visiting natural parks drawing visitors from around the world. Tourism-related services, including hospitality, restaurants, and tour operators, play a vital role in the local economy.
Agriculture still plays a significant part in the town’s economy, particularly the cultivation of bananas, almonds, and wine production. Local vineyards produce distinctive Canarian wines, which are popular among both tourists and locals. These agricultural products are often sold in local markets and offered in traditional restaurants, giving visitors a taste of the region’s culinary heritage.
Artisanal crafts, such as pottery and woven goods, are also produced in the region, contributing to the local economy. Small businesses focused on these traditional crafts provide souvenirs that reflect the cultural identity of the Canary Islands.