The positive economic growth of the island is mainly due to its modern and flexible business system; and its economic and competitive transparency, which is in the process of diversification.
Sectors related to energy and water, cultural industries, light industries, advanced professional services and digital enterprises have been gaining ground in recent years.
82,1%
Services
9,5%
Construction
4,7%
Industry
3,7%
Primary sector
Nearly 200 companies with foreign capital have settled in Tenerife in the last decade, with a significant impact on the local economy, generating 13,500 jobs. Companies from 36 different countries landed with their operations on the island with investments that reached 269 million euros, with a positive impact on investment per capita that went from €95 before the pandemic to €293 per capita post covid-19.