 After the new neighbourhoods developed in recent decades (one example would be Covaresa) the high prices in the municipality led young people to buy properties in towns around the city, so the population has tended to fall in Valladolid but is growing fast in the rest of the urban area (for example, Arroyo de la Encomienda or Zaratán)

Valladolid is a major economic center in Spain.The automotive industry is one of the major motors of the city's economy since the founding of FASA-Renault in 1953 for the assembling of Renault-branded vehicles, which would later become Renault España.Four years later, in 1957, Sava was founded and started producing commercial vehicles.