Walapane economy mainly spread on agriculture. It has a long history as an agricultural land. Walapane contributes major portion for Sri Lanka’s largest export product Ceylon Tea.
With a population of 126,171, with total household of 33,125. Key economical towns includes Walapane, Ragala,Nildandahinna, Padiyapelella and Udapussellawa. Among employed population 36% are in Agricultural occupations, about 10.5% in public sector and only 4.3% in private sector. The Walapane Divional Secretariate need more private sector investment. In order to achieve this infrastructure projects are in progress.
There many small to medium businesses around the area. Major business investment in the area includes Vegetable farms, Paddy farms, Tea Estates, Tea Manufacturing factories, Manalwela Hydro Power Ltd, Dendro Power Project, Garment manufacturing factories and other small businesses.
There is a youth development centre situated for develop skills for school leavers. National Youth Corps Training Center, Harasbadda, Walapane provides range of vocational training programs.
ADB report showed following finding. Agriculture plays a dominant role in the economy of the district. A high percentage of 77.6 % of the employed are engaged in agriculture occupations. In Hanguruketha, Walapane and Kothmale DSDs 17%, 12% and 6% respectively of the cultivated land are under paddy. Paddy is cultivated in the comparatively flatter lands at the bottom of the valleys adjoining streams etc, and on sloping lands where terracing is done. In Hanguranketha and Walapane DSdivisions paddy cultivation is done mainly by minor or major irrigation systems. Nuwara Eliya produces tea in unique flavor. The air is scented with the fragrance of the cypress trees that grow in abundance and mentholated with the wild mint and eucalyptus. It is a combination of all these factors that produces a tea that is recognised by connoisseurs of tea in the world. The tea when brewed is light but has an exquisite flavor and aroma. The total cultivated land areas consist 49,828 ha of tea, 22 ha of rubber and 1,043 ha of coconut in Nuwara Eliya district according to census data of 2002. Vegetable cultivation is carried out extensively by encroaching on to crown land especially reservations as there is a scarcity of arable land in the district. Potato cultivation is the most lucrative agricultural activity of recent times. The principal form of land use in the past has been chena cultivation mostly confined to the undulating lands. Coconut and rubber are cultivated on a small scale in the intermediate zones. Coconut cultivation is carried out in Hanguranketha and Ambagamuwa. In Hanguranketha 1.5 % of the total land area is under coconut cultivation. In 1989, there was 833 hectares of land under coconut in the district.
With recently opened digital IT lab in Rupaha, Walapane will boost the information technology knowledge in Walapane area. eventually bring more economic opportunities for families. Specially school children can benefits hugely with the new technology and improve their english language skills.