Luanco’s economy has traditionally been based on fishing, shipbuilding, and agriculture. The fishing industry remains an important economic driver today, with local fishermen supplying fresh seafood to the town’s markets and restaurants. Tourism has also become a significant part of the local economy, with the town’s beautiful coastline and cultural events attracting visitors from around the world.
In addition to fishing and tourism, Luanco is known for its artisanal products, including hand-crafted wooden boats and traditional fishing nets. The town’s proximity to Gijón and Oviedo has also facilitated economic ties with these larger cities, providing additional opportunities for local businesses and entrepreneurs.