The economy of Ramapuram is fundamentally agrarian, supplemented heavily by the remittance economy. Natural rubber is the financial lifeblood of the village, with a large percentage of households involved in rubber cultivation, tapping, or processing.
Beyond agriculture, remittances from Non-Resident Indians (NRIs) working overseas inject substantial wealth into the local economy. This has led to a boom in construction, banking, and retail sectors within the village. The cost of living is moderate and aligns with the rural and semi-urban standards of central Kerala. With high median incomes relative to rural Indian averages, Ramapuram boasts strong economic stability and excellent local infrastructure.