Lanzarote is the Canary Island where the fewest households believe their financial situation improved during the first quarter of 2026, according to new figures from the Canary Islands Institute of Statistics (ISTAC).
Only 4.5% of households on the island said their financial situation had improved between January and March 2026. Meanwhile, 65.7% believed their finances remained unchanged, while 29.7% said their situation had worsened.
Across the Canary Islands as a whole, the average level of financial optimism was notably higher, with 9.5% of households reporting an improvement in their finances, more than double the figure recorded in Lanzarote. Regionally, 60.1% said their financial situation stayed the same and 30.3% believed it had deteriorated.
La Palma registered the highest percentage of households reporting financial improvement, at 10.7%. Tenerife and Gran Canaria followed closely, with around 10% of residents in both islands saying their finances had improved during the first three months of the year.
Fuerteventura recorded 8.5%, while El Hierro stood at 8.1%. The closest figure to Lanzarote was seen in La Gomera, where just 4.7% of households reported an improvement.
Mixed Outlook for the Months Ahead
Looking to the future, financial expectations in Lanzarote remain cautious.
According to ISTAC data, 14.3% of Lanzarote residents believe their household finances will improve in the coming months, while 65.7% expect no change and 24% think their situation will worsen.
Across the Canary Islands overall, 17.5% of residents expect improvement, 54% believe things will remain stable, and 28.4% anticipate worsening finances.
The most optimistic outlooks were recorded in Tenerife, where almost 20% of households expect their finances to improve, followed by Fuerteventura at 18.3% and Gran Canaria at 16.4%.
Lower levels of optimism than Lanzarote were recorded in La Gomera (14.1%), La Palma (13.7%), and El Hierro (10.9%).
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