During the 20th century, Korçë gained a substantial industrial capacity in addition to its historic role as a commercial and agricultural centre. The plateau on which the city stands is highly fertile and is one of Albania's main wheat-growing areas. Local industries include the manufacture of knitwear, rugs, and textiles, flour-milling, brewing, and sugar-refining. Deposits of lignite coal are mined in the mountains nearby such as Mborje-Drenovë. The city is home to the nationally famous Birra Korça.
According to official reports the city enjoys one of the lowest unemployment rates in the country. The majority of foreign investments come from Greek, as well as joint Greek-Albanian enterprises
