Alguazas has traditionally been an agricultural town, with its economy largely driven by the cultivation of crops like citrus fruits, vegetables, and olives. The fertile plains of the Segura River have allowed the town to thrive as a center for agriculture, and local markets continue to be filled with fresh produce grown in the surrounding area. More recently, the town has diversified, with light manufacturing and trade contributing to its economic development.
Tourism is also a growing industry, with the town’s historical attractions and festivals drawing increasing numbers of visitors. The local economy benefits from its proximity to Murcia, which provides both economic opportunities and access to broader markets. Alguazas is also known for its artisanal products, including ceramics and traditional handicrafts that are popular with visitors.