Economy, jobs and prices in Lanzarote (Canary Islands, Spain): official figures
GDP per person was 29,800 purchasing power standards (PPS) in 2023, 78% of the EU average (91% for Spain); 32nd highest of 59 provinces in Spain.
How big is the economy of Lanzarote?
The local economy produced €4.3 billion of output (GDP) in 2023.
Source: Eurostat · saved copyHow many people work in Lanzarote?
About 72,600 people worked in Lanzarote in 2023 (employment by place of work).
Source: Eurostat · saved copyWhat is the average income in Lanzarote?
Net income averaged €14,479 per resident on the island of Lanzarote in 2024, 91% of the Spanish average of €15,948 and 21st lowest of Spain's 59 provinces and islands.
Source: Instituto Nacional de Estadística (INE) · saved copyHow fast are incomes growing in Lanzarote?
Net income per person in Lanzarote rose 7.1% between 2023 and 2024 and has grown 58% since 2015 (from €9,161); that growth ranks 4th fastest of 56 among the provinces and islands with figures back to 2015.
Source: Instituto Nacional de Estadística (INE) · saved copyWhat is the average household income in Lanzarote?
The average household in Lanzarote had a net income of €41,442 in 2024 (€50,089 before tax and social security contributions), compared with €40,605 for Spain.
Source: Instituto Nacional de Estadística (INE) · saved copyWhat is the median income in Lanzarote?
Median income per consumption unit, which adjusts for household size, was €19,250 in Lanzarote in 2024 (Spain: €19,950), 27th lowest of 59; the mean was €22,001, so the median sat 13% below it.
Source: Instituto Nacional de Estadística (INE) · saved copyWhat is the main industry in Lanzarote?
The largest part of the economy of Lanzarote in 2023 was trade, transport, hospitality and communications, at 45.2% of gross value added, followed by finance, property and business services (24.2%).
Source: Eurostat · saved copyHow industrial is Lanzarote?
Industry (manufacturing, mining and energy) made up 4.9% of output in 2023, against 16.1% for Spain.
Source: Eurostat · saved copyHow fast is the economy of Lanzarote growing?
Gross value added rose from €2.9 billion in 2015 to €4.0 billion in 2023 in current prices, an increase of 41% before inflation.
Source: Eurostat · saved copyWhat jobs do people do in Lanzarote?
Of the 72,600 jobs located in Lanzarote in 2023, 25% in public services, education, health and other services, 3% in industry and 0.7% in farming, forestry and fishing.
Source: Eurostat · saved copyAre jobs growing in Lanzarote?
The number of people working in Lanzarote rose by 23.3% between 2015 and 2023, to 72,600.
Source: Eurostat · saved copyMore figures
- Within the Canary Islands, net income per person in Lanzarote (€14,479 in 2024) was 0% below the regional average of €14,550, 4th highest of the region's 7 islands. Source: Instituto Nacional de Estadística (INE) · saved copy
- The median income per consumption unit in Lanzarote went from €12,250 in 2015 to €19,250 in 2024, a rise of 57%. Source: Instituto Nacional de Estadística (INE) · saved copy
How Lanzarote compares with other provinces in Spain
Net income per person (2024)
Lanzarote ranks 39 of 59, highest first.
| Rank | Area | Net income per person |
|---|---|---|
| 36 | Castellón/Castelló | €14,693 |
| 37 | La Gomera | €14,686 |
| 38 | Melilla | €14,655 |
| 39 | Lanzarote | €14,479 |
| 40 | Ávila | €14,402 |
| 41 | El Hierro | €14,374 |
| 42 | Tenerife | €14,203 |
Median income per consumption unit (2024)
Lanzarote ranks 33 of 59, highest first.
| Rank | Area | Median income per consumption unit |
|---|---|---|
| 30 | El Hierro | €19,250 |
| 31 | Gran Canaria | €19,250 |
| 32 | La Gomera | €19,250 |
| 33 | Lanzarote | €19,250 |
| 34 | Lugo | €19,250 |
| 35 | Salamanca | €19,250 |
| 36 | Fuerteventura | €18,550 |
Growth in net income per person since 2015 (2015-2024)
Lanzarote ranks 4 of 56, highest first.
| Rank | Area | Growth in net income per person since 2015 |
|---|---|---|
| 1 | La Palma | 76.9% |
| 2 | Eivissa y Formentera | 62.6% |
| 3 | Málaga | 58.1% |
| 4 | Lanzarote | 58.1% |
| 5 | Menorca | 57.2% |
| 6 | El Hierro | 56.1% |
| 7 | Tenerife | 55.9% |
Share of output from industry (manufacturing, mining and energy) (2023)
Lanzarote ranks 55 of 59, highest first.
| Rank | Area | Share of output from industry (manufacturing, mining and energy) |
|---|---|---|
| 52 | Almería | 6.1% |
| 53 | Mallorca | 5.5% |
| 54 | Ceuta | 5.2% |
| 55 | Lanzarote | 4.9% |
| 56 | La Gomera | 4.8% |
| 57 | Fuerteventura | 4.5% |
| 58 | Eivissa y Formentera | 3.7% |
Share of output from finance, property and business services (2023)
Lanzarote ranks 16 of 59, highest first.
| Rank | Area | Share of output from finance, property and business services |
|---|---|---|
| 13 | Asturias | 24.7% |
| 14 | Sevilla | 24.4% |
| 15 | Cantabria | 24.3% |
| 16 | Lanzarote | 24.2% |
| 17 | Cádiz | 23.9% |
| 18 | Eivissa y Formentera | 23.6% |
| 19 | Gipuzkoa | 23.0% |
Share of output from public administration, education, health and other services (2023)
Lanzarote ranks 51 of 59, highest first.
| Rank | Area | Share of output from public administration, education, health and other services |
|---|---|---|
| 48 | Navarra | 19.8% |
| 49 | Fuerteventura | 19.5% |
| 50 | Huesca | 19.4% |
| 51 | Lanzarote | 19.2% |
| 52 | Cuenca | 19.1% |
| 53 | Madrid | 18.8% |
| 54 | Barcelona | 18.4% |
More on Lanzarote: overview · poverty and living standards · government budget · Canary Islands · Spain
Sources
- Eurostat: Eurostat dataset nama_10r_3gdp: GDP per person, PPS (NUTS 3), read 23 October 2026 · saved copy (SHA-256 3bf0fc662f56…)
- Eurostat: Eurostat dataset nama_10r_3gdp: GDP, million euros (NUTS 3), read 23 October 2026 · saved copy (SHA-256 096e15e5fdb3…)
- Eurostat: Eurostat dataset nama_10r_3empers: Employment, thousand people (NUTS 3), read 23 October 2026 · saved copy (SHA-256 664e4e3a6dc0…)
- Eurostat: Eurostat dataset nama_10r_3empers: Employment (thousand persons) by NUTS 3 region and industry, read 23 October 2026 · saved copy (SHA-256 222a97c302d3…)
- Eurostat: Eurostat dataset nama_10r_3gva: Gross value added at basic prices by NUTS 3 region and industry, read 23 October 2026 · saved copy (SHA-256 c656e8563bdf…)
- Instituto Nacional de Estadística (INE): Atlas de Distribución de Renta de los Hogares (ADRH) 2024: indicadores de renta media y mediana por provincias e islas, 2015-2024 (table 53689), read 23 October 2026 · saved copy (SHA-256 883851a1be5e…)
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