The city of Limassol plays a vital role in the economy of the Republic of Cyprus. After the illegal occupation of Famagusta and Kyrenia by the Turkish invaders in 1974, Limassol became the major port of Cyprus which in turn led to the growth of the tourism trade developing the city further.

Limassol has some very good beaches, rich in sand and suitable for sunbathing and swimming. A bathing beach with all the necessary facilities, provided by the «Cyprus Organization of Tourism» (COT), is operating in the town of Limassol, in «Dasoudi» area.

Limassol is the home for many of the island's wine companies. The most important ones are KEO, LOEL, SODAP and ETKO. The wines and cognacs (brandies) that are produced by the grapes that grow in the countryside, are of excellent quality. They have won several awards in international exhibitions. There is a considerable consumption of wine products in Cyprus by the locals and the foreign visitors. Big quantities are exported to Europe. The KEO factory also produces an excellent kind of beer.

The town of Limassol is the biggest industrial center of the province. There are about 350 industrial units with 90 industry wares. These industries concern dressmaking, furniture, shoes, drinks, food, prints, metal industry, electric devices, plastic wares as well as many other different industries.

Limassol is an important trade center of Cyprus. The trade markets are gathered in the center of the town and in the tourist area along the coast that begins from the old harbor and ends in Amathus area. Most of the hotels, restaurants, confectioneries, discos and places of entertainment in general, are to be found in this area.

Limassol has two ports. The old port and the new port. The new port has the greatest commercial and passenger flow of traffic and it is the biggest port in the free part of Cyprus. The old harbor has a breakwater 250 meters long and it is able to receive only three small ships. It is thus normally used by small fishing boats. The new harbor is 11 meters deep and has break-waters that are 1.300 meters long. This one is able to receive about 10 ships depending on their size. Exports of grapes, wines, carobs, citrus fruits and imports of cereals, vehicles, machines, textiles, agricultural medicines, fertilizers, iron etc. are exported and imported through these ports.