The main economy on Fuerteventura is based on tourism; other main industries are fishing, agriculture (cereals and vegetables), and businesses. Primary tourist areas are around the existing towns of Corralejo in the north and Morro Jable in Jandia, plus the purely tourist development at Caleta de Fuste south of Puerto del Rosario.

Majorero cheese is locally made from the milk of the indigenous majorera goat.