Segovia’s economy is closely tied to its tourism industry, which is fueled by its historical monuments, cultural events, and picturesque setting. Every year, thousands of tourists visit to see its UNESCO World Heritage Sites and enjoy its festivals, which in turn supports a thriving hospitality sector, including hotels, restaurants, and local businesses.
Beyond tourism, agriculture plays a key role in Segovia’s economy, particularly livestock farming. The region is famous for its high-quality meats, especially suckling pig (cochinillo), which is a cornerstone of the local culinary scene. Additionally, Segovia has a tradition of producing fine wool, a trade that dates back to the medieval period and still plays a role in local artisan crafts.
Artisan industries and small businesses focusing on ceramics, textiles, and leather goods also contribute to the city’s economy. These local crafts are often sold at Segovia’s markets and are popular with tourists seeking unique souvenirs.