Albacete’s economy is diverse, with key sectors including agriculture, manufacturing, and services. The fertile plains surrounding the city make it a leading producer of cereals, wine, and other agricultural products. The city’s long-standing tradition of knife-making also continues to play an important role in its economy, with locally made knives and cutlery being exported worldwide.
In recent years, the city has seen growth in sectors such as renewable energy and technology. The service industry, particularly tourism, also contributes significantly to the local economy. Thanks to its central location and transport links, Albacete serves as a commercial hub for the surrounding region.
Local markets are another economic highlight, particularly the Albacete knife fair, where visitors can purchase finely crafted knives, a product that has earned the city international fame. Albacete also has a growing wine industry, with several local vineyards producing excellent wines, adding to its appeal for gastronomic tourism.