While Oviedo’s historical significance draws many visitors, its economy is also driven by a diverse range of industries. Tourism, of course, plays a major role in the local economy, thanks to the city’s rich cultural heritage and its proximity to natural attractions like the Picos de Europa and the northern coast. The hospitality sector, including hotels, restaurants, and event venues, thrives as a result of the steady influx of visitors year-round.
Additionally, Oviedo has strong ties to the manufacturing sector, particularly in the production of steel and chemicals. The city is home to several important industrial parks and is a key player in the Asturian economy. Agriculture also plays a role, particularly in the production of cider, which is a key local product and a major cultural symbol for the region.
In recent years, Oviedo has seen growth in the service industries, particularly in education and healthcare. The University of Oviedo is a major center of learning in northern Spain, attracting students from all over the country, and the city’s hospitals and healthcare centers are among the most advanced in the region.