The town's major economic activities until the second half of the 20th century were fishing and cork manufacturing. In the sixties, however the town saw a rapid growth of tourism. The architecture of Palamos itself remained relatively unchanged with most development focused to the south at Sant Antoni de Calonge which now merges with Palamos. The town's nightlife is focused on the old port which is surrounded by bars and restaurants.
The town is home to Palamós CF the local football club
