Canary's economy
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The Canary Islands' economy was traditionally based on single-crop cultivation like sugar cane, cochineal, and bananas. As a stopping point for Spanish conquerors, trade brought great prosperity. The UK later influenced the economy through coal refuel stations and banana exports from Fyffes, and introduced utilities. Today, British firms export over £200 million worth of goods annually to the Canaries, primarily food, alcohol, and light machinery and metal goods.
Canary's economy
- 1. Demian Cáceres Alge The Canary’s Economy Economic model, based on single-crop cultivation (sugar cane, cochineal, banana) The economy depended strongly on the ports Stopping point for the Spanish conquerors: this trade route brought great prosperity
- 3. UK INFLUENCED ECONOMY Coal refuel stations (became redundant due to diesel appearance) Banana crop industry (Fyffes) Introduction of water pipes, electricity firms and telephone exchange
- 5. Business & Trade (Today) NICE TO KNOW 45.00% Food 40.00% British firms export 35.00% 30.00% Alcohol over £200 million 25.00% 20.00% 15.00% Light worth of goods to Machinery & 10.00% 5.00% Metal Goods the Canary Islands 0.00% Rest UK EXPORT each year.
- 6. 1. BRITISH PRESENCE 2. BUSINESS & TRADE