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Presentation of the Economic Situation Report of Fedepalma

19/11/2025
Commissioner attends the presentation of the Economic Situation Report of La Palma

The Commissioner for the Reconstruction of La Palma, Héctor Izquierdo, has attended the presentation of the Situation Report for the Island of La Palma that corresponds to the third quarter of 2025, prepared by the Federation of Entrepreneurs of La Palma (FEDEPALMA). It highlights a positive evolution in the economic activity of the island. This recovery is driven by key sectors such as construction, transportation, and a gradual increase in business confidence, although the context remains impacted by the repercussions of the 2021 volcanic eruption and post-pandemic normalization.

Immersed as the island is in reconstruction, the construction sector reaffirms itself as one of the main factors of the economic recovery of the island. In September, the wholesale sale of cement experienced an increase of 19.8% in year-on-year comparison, reaching a total of 21. 835 tons during the first nine months of the year. This volume already exceeds the figures obtained in 2019, which shows the progress in the works related to the reconstruction of the territory.

However, the agricultural sector continues to face difficulties. Banana exports continue to decline, with a 26.1% year-on-year decrease in August, attributed to the reduction in the area cultivated due to the damage caused by the Tajogaite eruption. Hence, the Commissioner insisted that "the main front of action for reconstruction is agriculture, so that crops can be recovered in conditions similar to those before the eruption."

Here You can download the full Report.