Tenerife cconomic information and business investment statistics
The economy and the society of Tenerife have recorded strong rates of development in recent years, marked by the excellence of its tourist service and by the progressive consolidation of the Canary Islands Autonomic Government, which together with the central role taken by the Island Council, have played an important part in local decision.
According to the Hispalink forecast, the economy of the Canary Islands for the year 2004 will grow 2,3% versus a 2,8% of the spanisch economy.
The population of Tenerife, which counted 799,889 residents in 2003, underwent a large increase in the period 1999-2003, which were about 15,53% during the whole period. The population is concentrated in the coast areas of the Island (linked to the tourism sector) and, specially, in the nearby of the more important cities, which are Santa Cruz de Tenerife (220,022 inhabitants in 2003) and San Cristóbal de La Laguna (134,744 inhabitants in 2003), whose historic urban center (declared Cultural Historical Heritage Site by UNESCO in 1999) houses the prestigious University of La Laguna.
Some basic data about the Island for the year 2006 (the Economic and Social Annual of La Caixa, 2006 and the Canary Island Statistic Institute) are:
Vehicle park: 516,772 motor vehicles, of which:
Cars: 372.489
Lorries and vans: 111.950
Motorbikes: 21.818
Buses: 2.164
Tractors: 1.400
Others vehicles: 6.901
Communications: 295,039 permanent telephone lines.
Financial services: 458 bank offices, of which 204 belongs to banks, 203
to savings banks and 51 to credits cooperatives.
Trade: 19,792 trade activity, of which 3,320 make wholesale trade and 16,472
are retail trade (1.83 millions square metres of surface area). In the retail
trade there are:
2 large department stores (88,941 square metres of surface area)
12 hypermarkets (71,132 square metres of surface area)
9 shopping malls (158,129 square metres of surface area)
Industrial activity: 8,183 establishments dedicated to industrial activities,
of which there are:
80 to energy and water
253 to the extraction and processing of minerals and energy, and the chemical
industry
743 to the metal processing and precision mechanisms industry
1,793 to manufacturing industries
5,314 to construction
Labor market: 36,264 people registered in the jobcenter and 274,785 registered
contracts.
Education (in 2001): 25,030 students doing university courses and 137,439
students studying non-university courses, of which there are:
21,244 studying at infant and pre-school level
50,696 studying at primary and EGB education level
54,332 studying at secondary education level.
11,167 studying professional training and training cycles
In the year 2003, the Island of Tenerife received a total of 4,898,003 tourists,
of which 1,245,831 were nationals and 3,652,172 foreigners, representing
in the last group a 37.13% of the total for the Canary Islands (9,836,785
foreign visitors). From the tourist that came to Tenerife 2,595,440 decided
to stay at a hotel establishment (which means 52.01% from the total) and
2,302,563 in an extrahotel establishment (47.99% from the total). In general
terms, the average expenses per person and day in the Canary Islands, reached
102.38 € in 2006, of which 64.69 € was expended in the departure
place and the rest, 37.69 € in the destination.