Las Palmas Economy Thrives in 2025 with Tourism, Energy, and Trade Leading Growth
Las Palmas’ economy in 2025 thrives on tourism, energy, and commercial sectors, positioning it as a key Canary Islands economic hub with a forward-looking sustainability approach.
- • Tourism is the main economic driver, with companies like Maspalomas Resort SL and Meeting Point Spain SL generating over €100 million each.
- • Dinosol Supermercados SL leads the commercial distribution sector with €1.465 billion in sales.
- • Unión Eléctrica de Canarias Generación SA heads the energy sector with €1.868 billion in revenue.
- • Transportation and automotive industries are vital for connectivity and economic sophistication in Las Palmas.
Key details
Las Palmas boasts a robust and diversified economy in 2025, anchored primarily by its thriving tourism sector centered around Maspalomas. Tourism firms like Maspalomas Resort SL and Meeting Point Spain SL report significant revenues of €105.3 million and €117.2 million respectively, highlighting the sector's vital role for the Canary Islands' economy. Beyond tourism, commercial distribution is a major economic pillar, with Dinosol Supermercados SL leading the sector at €1.465 billion in sales.
The energy sector also plays a key role, led by Unión Eléctrica de Canarias Generación SA with revenues of €1.868 billion. Transportation companies such as Binter Canarias SA and Naviera Armas SA ensure essential inter-island connectivity, while the automotive segment, exemplified by Domingo Alonso SL and Sol Naciente Automoción SL, adds sophistication to the business landscape.
This diverse economic fabric supports the region amid logistical challenges and leverages Las Palmas' strategic position as a logistical and tourist hub in the Atlantic. The city’s mix of traditional sectors such as construction, alongside cutting-edge industries, underscores its sustainability and resilience.
While Spain broadly is moving toward a greener economy with increased focus on renewable energy and decarbonization, local governments—including those in the Canary Islands—are implementing measures to balance competitiveness with environmental responsibility. Investments in sustainable infrastructure and energy transition underscore Las Palmas' long-term economic outlook.
In sum, Las Palmas enters 2026 with a solid economic foundation, driven by tourism, retail, energy, and transportation sectors, supported by strategic planning and environmental awareness.
This article was synthesized and translated from native language sources to provide English-speaking readers with local perspectives.
