Industries in Moratuwa include manufacturing of furniture, rubber products, batteries, transformers and wood handicrafts. This suburb is also known as a fishing and trading center. Among these, Moratuwa is world popular for it's furniture productions.

The University of Moratuwa, a leading technological university in South Asia is situated on the banks of the Bolgoda Lake in Katubedda, Moratuwa. Popular high schools in the area include Prince of Wales' College, Our Lady of Victories Convent, St. Sebastian's College, Moratu Maha Vidyalaya and Methodist High School.