Laredo’s economy has long been tied to the sea, with fishing and maritime industries playing a key role in its development. The town’s strategic location on the Bay of Biscay has made it an important fishing port for centuries. Today, while fishing remains a significant part of the local economy, tourism has become the town’s leading industry, thanks to its stunning beaches, historical landmarks, and cultural events.
Laredo is also known for its local craftsmanship, particularly in the production of artisanal goods such as handmade jewelry and ceramics. The town’s markets and small businesses often showcase these local products, attracting visitors looking for unique, locally made items. Agriculture, particularly the cultivation of vegetables and livestock farming in the surrounding rural areas, also plays a role in the local economy.
The rise of tourism in recent years has led to the growth of hospitality services, with numerous hotels, restaurants, and recreational businesses catering to visitors. Events like the Batalla de Flores and various music festivals have helped position Laredo as a top destination for cultural tourism, further boosting its economic standing.