Economically, Laredo is based on fishing and the service sector and tourism. Laredo is considered one of the main resorts on the Cantabrian coast. The local industry is based on the processing of fishery products, especially anchovies, and family businesses.
In Laredo, whose average income level is amongst the fifteen highest in Cantabria, the service sector employs over half the population (51.2%). Laredo Regional Hospital in Laredo serves the surrounding region
