The traditional economy of the Monpas is dependent on agriculture, animal husbandary, trades and commerce. The spinning and weaving of their garmants as well as carpet making are done by the woman folk. The woodcarving and painting are done by men folk. In addition, they are working under various department and private construction work for their livelihood as and when get free from agriculture works. Now a days, horticulture, small-scale industries, Tourism etc. play significant role in development of their economy.