Tenerife is the economic capital of the Canary Islands. Even though Tenerife's economy is highly specialized in the service sector, which makes 78% of its total production capacity, the importance of the rest of the economic sectors is key to its production development. In this sense, the primary sector, which only represents 1.98% of the total product, groups activities that are important to the sustainable development of the island's economy. The energy sector which contributes 2.85% has a primary role in the development of renewable energy sources. The industrial sector which shares in 5.80% is a growing activity in the island, vis-a-vis the new possibilities created by technological advances. Finally, the construction sector with 11.29% of the total production has a strategic priority, because it is a sector with relative stability which permits multiple possibilities of development and employment opportunities.
Tourism
Tourism is the most prominent industry in the Canaries, which are one of the major tourist destinations in the world.
In 2005, 9,276,963 tourists (excluding those from other parts of Spain) came to the Canary Islands. Tenerife had 3,442,787 arrivals that year, excluding the numbers for Spanish tourists which make up an additional 30% of total arrivals. According to last year's Canarian Statistics Centre's (ISTAC) Report on Tourism the greatest number of tourists from any one country come from the United Kingdom, with more than 1,600,000 tourists in 2005. In second place comes Germany followed by Belgium, the Netherlands, Sweden, Finland, Denmark, Norway, Italy, France, Austria, Ireland and Switzerland.
Tourism is more prevalent in the south of the island, which is hotter and drier and has many well developed resorts such as Playa de las Americas and Los Cristianos. More recently coastal development has spread northwards from Playa de las Americas and now encompasses the former
