Villanueva de la Cañada’s economy is primarily driven by its residential character, but education and research are also significant contributors. The town is home to several educational institutions, including universities and international schools that attract students and staff from around the world. The presence of the European Space Agency’s deep-space tracking station has made space exploration and technology a notable industry in the town.
Tourism plays an important role in the local economy, with visitors coming for both leisure and business purposes. The town’s proximity to Madrid and its peaceful surroundings make it an attractive spot for conferences, retreats, and weddings. The local hospitality industry, with its hotels, restaurants, and event spaces, benefits significantly from this influx.
Additionally, the town supports small local businesses, ranging from traditional crafts to modern services. Agriculture also plays a minor role, with nearby farms producing olive oil, wine, and other traditional Spanish products.