Due to the long lasting rivalry between Gullspång and Hova the municipality avoids the term centralort (seat).

A major employer found in Gullspång is Partex Marking Systems, a company that manufactures markers for cables.

In Gullspång, Fortum also has a hydroelectric power plant using the water from the Skagern river to produce electricity.

There he wrote many of his works and left behind many books, writings, and notes which are now located in a designated area of the municipal library.

The salmon-stair was made possible by the installation of flood gates which filled the dry area with water from the Gullspångsälven river.