Tenerife economic sectors
The percentages for each sector in terms of total Gross Added Value (GAV) on Basic Prices (constant terms) for Tenerife in the 2003 are the following:
Agriculture, farming and fisheries (primary sector): 1.98%
Energy: 2.85%
Industry: 5.80%
Construction: 11.29%
Market services: 61.20%
Non-market services (Public Sector: Public Administration, non-market education,
non-market health and social services): 16.88%
We should firstly highlight the cultivation of bananas, of an exceptional taste and quality (whose production and exportation figure in 2002 was 164,108 ton), followed by tomatoes (83,594 tons in 2002), being one of the leading exporters of the European Union.
On the other hand, the increase that the cheese sector has experienced in recent years is very interesting. There is a great tradition in Tenerife of both industrial and home made products being manufactured, these being the product of indigenous strains of both the ovine and the caprine Canary Island brands.
The grape and wine cultivation tradition is also very important in Tenerife, with a considerable vineyard surface area along with the production and variety of wines. There are different county producers that offer different varieties, such as: Abona, Tacoronte-Acentejo, Valle de La Orotava, Ycoden-Daute-Isora and Valle de Güimar.
Furthermore, our climate makes the Island an ideal place for the growing of flowers and ornamental plants. This is the third most exported product after bananas and tomatoes, which is distributed by cut flower and slip sectors.
Tenerife Industry
We set out below the most important industrial sectors of the Island of Tenerife, specifying the type of industrial activities that are contained in each one of the sector:
Food, drink and tobacco (making bread and fresh bakery products, cake products,
manufacturing of spices, sauces and condiments, packaging of drinking water,
manufacturing of dairy products, etc.)
Wood and cork (carpentry activities)
Paper and graphic arts (manufacturing of labels, graphic arts, manufacturing
of aluminium paper, publishing work, manufacturing of cardboard boxes, etc.)
Chemical industries (manufacturing of plastic accessories, reconstruction
and retreading of tyres, manufacture of bleaches and detergents, manufacture
of plastic products for building, manufacture of fertilizers, petroleum
refining, preparation of paints and varnishes, etc.)
Construction, glass and ceramics material (glassware products, ceramics,
cement, plaster, blocks for construction, concrete, etc.).
Metal processing (metalwork, manufacturing of aluminium products, locksmith
products, metal repairs, etc.)
Repairing of automobiles (automobile repair workshops)
Other less specialized industries (textiles, leather and footwear, electricity
and electronics, transport materials, machinery and equipment for opticians
and similar products, transport materials, alternative energy materials,
industrial products for domestic equipment)
About the Tenerife services sector
According to data of the Spanish Regional Accountancy (SRA) for the year 2001, the services sector in the Autonomous Community of the Canary Islands represented 78.53% of the Gross Added Value on Basic Prices.
Within the service sector, we can highlight the following subsectors:
The Public Sector (17.04 % of the GAV of the Canary Islands), whose work
is being developed by the European Union (with Community Funds), Spain (with
state investment), the Canary Islands Government (which has competence in
certain matters), the Island Councils (with big importance in the Canary
Islands territory) and Local Corporations.
Commerce and repair, which includes the activities mainly carried out by
the commercial establishments (15.78 % of the GAV total of the Canary Islands).
In the Island of Tenerife there are (according to the economic and social
Annuary of La Caixa 2003) a total of 19,792 commercial establishments, of
which 3,320 are wholesalers and 16,472 are retailers.
Hostelry, which includes most of the activities related to tourism (14.29
% of the GAV total of the Canary Islands).
Transport and communications: 10.56%.
Finance services: 3.90%.
Real estate and enterprise services: 11.66%.