Lakeview's economy is based on agriculture, lumber, and government. Cattle ranching and hay production are important elements of the local economy. The Fremont-Winema National Forest provides timber for lumber and wood products. Because agricultural and lumber-related employment varies with the seasons, government agents of the national forest, of the Bureau of Land Management, and other agents significantly influence the community's economic base. Tourism is a growing part of the economy because of the many recreational opportunities in the area.