Once completely dependent on the fishing industry, Warnem�nde�s economic alignment has shifted inevitably from the primary to the secondary and tertiary sector. Besides the Aker Warnow Werft ship yard, the economy largely depends on tourism. The construction of a modern cruise line centre in 2005 has contributed crucially to Warnem�nde�s establishment as the most important harbour for cruise line ships in Germany.
Warnem�nde was formerly the site of the original LFG aircraft factories during World War I. Prior to World War II a number of other companies, mostly related in some way to the now bankrupt LFG, started operations in the area. These included Heinkel and Arado Flugzeugwerke. The factories and surrounding living areas were bombed several times during the war. Many of these factories were used to form Warnow Werft
