Local development is a subject that arouses significant interest in the international scientific community in general, and in the Ibero-American one, in particular. The process of globalization has transformed the management of local development, altering the role that is played by local and regional entities, and it is the object of an important follow-up and analysis by academia. This research uses a bibliometric methodology and a fractional counting method, reviewing the 738 articles from the Scopus database in order to understand the state of Ibero-American research on local development, and analyze the scientific literature on the topic. The results show a significant increase in the number of publications in the 21st century, with Spain and Brazil leading the way. In addition, this research provides interesting results regarding the most influential authors on this topic, the most relevant journals, and the most important institutions and funding organizations. There are several areas of knowledge involved since local development is a transversal field, such as Social Science, environment, business, economics, and agriculture. A deep analysis of authors’ keywords identified new trends, linking local development with tourism, education, geotourism, climate change, local sustainable development, social innovation, and creativity, which provides academia with potential new lines of research.