tourismThe economy is based primarily on tourism, which makes up 32% of the GDP. The Canaries receive about 12 million tourists per year. Construction makes up nearly 20% of the GDP and tropical agriculture, primarily bananas and tobacco, are grown for export to Europe and the Americas.
What is the main produce of Tenerife?
BananasBananas are the leading crop, with Tenerife being the leading producer of the Canary Islands.
What contributes to Tenerife’s economy?
The service sector makes up almost 80% of its economy, which is driven by tourism (5.9 million visitors in 2022) and trade. The largest industry is oil refining, and banana growing is one of the main agricultural activities. Tenerife's unemployment rate is currently at a 15-year low (15.91% in 2022).
How does Tenerife make money?
Tenerife EconomyConsequently, tourism is the largest industry on the island and accounts for millions of Euros coming into the economy every year. Agriculture has long been the economic mainstay of the Canaries. Wine from vines grown on un-irrigated slopes formed the staple product until 1853.
What is the main employment in Tenerife?
Beyond the tourism industry, Tenerife also offers a range of job opportunities for those looking to work and live on the island. One of the main industries on the island is tourism, with a range of jobs available in hotels, restaurants, and other tourist-related businesses.
What is the biggest export from Tenerife?
Yearly ExportsIn 2022 the top exports of Santa Cruz De Tenerife were Light petroleum distillates nes (€516M), Cruise ships, excursion boats, ferry boats (€502M), Commodities not specified according to kind (€21.2M), Coal tar distillation products nes (€17.6M), and Cigarettes containing tobacco (€16M).
What is Tenerifes main export?
Yearly ExportsIn 2022 the top exports of Santa Cruz De Tenerife were Light petroleum distillates nes (€516M), Cruise ships, excursion boats, ferry boats (€502M), Commodities not specified according to kind (€21.2M), Coal tar distillation products nes (€17.6M), and Cigarettes containing tobacco (€16M).
What is main employment in Tenerife?
The economy of Tenerife, predominantly based on agriculture and trade until the 1970s, is now focused on the service industry – mainly tourism – which has promoted construction and services linked to tourism activity.
What is the main income for Tenerife?
What do people do for a living in Tenerife?
A vast majority of jobs in Tenerife are in the service industry as a means of catering to the extensive number of tourists who come out to the area every year. About 78% of the jobs market focuses on service while about 11% focuses on construction. The industrial sector has been progressively growing in size.
What do people do for work in Tenerife?
Explore jobs in Tenerife. As its very much an English resort, there are so many jobs on offer! The most common types of work are bar work, PR'ing for bars/Clubs, ticket selling for some of the biggest events in Tenerife and of course being a rep.
What nationality visits Tenerife the most?
In 2022, the United Kingdom was the most important tourism source market for the Canary Island of Tenerife. Close to 2.3 million British tourists visited this Spanish island that year, roughly three times the number of Spanish tourists from the mainland.
What is Tenerife biggest export?
In 2022 the top exports of Santa Cruz De Tenerife were Light petroleum distillates nes (€516M), Cruise ships, excursion boats, ferry boats (€502M), Commodities not specified according to kind (€21.2M), Coal tar distillation products nes (€17.6M), and Cigarettes containing tobacco (€16M).
Are houses expensive in Tenerife?
High price bracket in prime locationsPrices for such high-end properties range from 1 to 2 million euros. Local client interest is more focused on townhouses near Costa Adeje. Such properties with an interior of approximately 100 square metres are selling for between 300,000 and 600,000 euros.
Where do the rich live in Tenerife?
The luxury of Living in Exclusive HomesThe most exclusive residential areas are Tafira, Santa Brígida and Maspalomas in Gran Canaria; La Orotava, Tacoronte, Puerto de la Cruz and La Laguna in Tenerife and Puerto Calero in Lanzarote.
Are there a lot of Russians in Tenerife?
Tenerife is, by far, the island most visited by Russians, with 60,472 visitors in 2019, a figure that represents 82.6% of the total number of Russian tourists in all of the Canary Islands.
What is Tenerife’s biggest export?
In the Canary Islands, the main products exported are agricultural products, especially bananas, present in almost all the islands, and tomatoes, abundant in Gran Canaria, Tenerife and Fuerteventura.
Can I live permanently in Tenerife?
A temporary visa will allow you to stay in Spain for anywhere from three months to five years, depending on your circumstances. And, if you find yourself not wanting to part ways with Spain after five years of living there, you can apply for a permanent residence visa.