Gymnosperms include many plants of high economic value. Some of the economic importances of gymnosperm are mentioned below:

• Many gymnospermous plants are usually cultivated in the gardens as ornamental value. Some examples of such plants are Cycas revoluta, Thuja, Araucaria etc 


• Some gymnospermous plants like Pine ,Cedar, fir ,Spurce etc are of great importance for their light coloured, straight grained and light weighted soft wood.


• Sago as a carbohydrate produced from Cycas has food value.


• Seeds of many Cycas and conifers are edible.


• Taxol an alkaloid found in Taxus baccata is anticancer drug for breast and ovarian cancer.


• Ephedra yields ephedrine and pseudoephedrine which are used in medicine of asthma and bronchitis. Fruit juice of Ephedra is used in respiratory trouble.


• Wood pulps of some gymnosperms like Pinus Picea Abies are used to manufacture paper.


• Some gymnospermous plants yield essential oils that are used in flavouring agent and in perfumery.


• Resin is an exudates extracted from conifers. It is widely used to manufacture turpentines, oil , paints and medicine.