Economic overview Malta, in 36 editions.

Significant resources are limestone, a favorable geographic location, and a productive labor force. Malta produces only about 20% of its food needs, has limited freshwater supplies, and has no domestic energy sources. Consequently, the economy is highly dependent on foreign trade and services. Manufacturing and tourism are the largest contributors to the economy. Manufacturing accounts for about 30% 27% of GDP, with the textile electronics and clothing industry a textile industries major contributor. contributors. In 1988 1989 inflation was held to a low 0.9%. Per capita GDP at $5,100 $5,500 places Malta in the middle-income range of the world's nations.

Significant resources are limestone, a favorable geographic location, and a
productive labor force. Malta produces only about 20% of its food needs, has
limited freshwater supplies, and has no domestic energy sources.
Consequently, the economy is highly dependent on foreign trade and services.
Manufacturing and tourism are the largest contributors to the economy.
Manufacturing accounts for about 27% of GDP, with the electronics and
textile industries major contributors. In 1989 1990 inflation was held to a low 0.9%.
3.0%. Per capita GDP at $5,500 $7,000 places Malta in the middle-income range of
the world's nations.

Significant resources are limestone, a favorable geographic location, and a
productive labor force. Malta produces only about 20% of its food needs, has
limited freshwater supplies, and has no domestic energy sources.
Consequently, the economy is highly dependent on foreign trade and services.
Manufacturing and tourism are the largest contributors to the economy.
Manufacturing accounts for about 27% of GDP, with the electronics and
textile industries major contributors. contributors and the state-owned Malta drydocks
employing about 4,300 people. In 1990 inflation was held to a low 1991, about 900,000 tourists visited the
3.0%. island. Per capita GDP at $7,000 $7,600 places Malta in the middle-income range of
the world's nations.

Significant resources are limestone, a favorable geographic location,
and a
productive labor force. Malta produces only about 20% of its
food needs, has
limited freshwater supplies, and has no domestic
energy sources.
Consequently, the economy is highly dependent on
foreign trade and services.
Manufacturing and tourism are the largest
contributors to the economy.
Manufacturing accounts for about 27% of
GDP, with the electronics and
textile industries major contributors
and the state-owned Malta drydocks
employing which employs about 4,300 people.
In 1991, 1992, about 900,000 1,000,000 tourists visited the
island. Per capita GDP
at $7,600 $6,600 places Malta in the middle-income range of
the world's
nations.

Significant resources are limestone, a favorable geographic location,
location, and a productive labor force. Malta produces only about 20%
of its
food needs, has limited freshwater supplies, and has no domestic
domestic energy sources. Consequently, the economy is highly dependent on
on foreign trade and services. Manufacturing and tourism are the largest
largest contributors to the economy. Manufacturing accounts for about 27% of
24% of GDP, with the electronics and textile industries major contributors
contributors and with the state-owned Malta drydocks which employs employing about
4,300 people.
In 1992, about 1994, over 1,000,000 tourists visited the island. Per
capita GDP
at $6,600 of $10,760 places Malta in the middle-income range of the world's less affluent
nations. EU countries.

Significant resources are limestone, a favorable geographic
location, and a productive labor force. Malta produces only about 20%
of its food needs, has limited freshwater supplies, and has no
domestic energy sources. Consequently, the economy is highly dependent
on foreign trade and services. Manufacturing and tourism are the
largest contributors to the economy. Manufacturing accounts for about
24% of GDP, with the electronics and textile industries major
contributors and with the state-owned Malta drydocks employing about
4,300 people. In 1994, over 1,000,000 1 million tourists visited the island. Per
capita GDP of $10,760 $12,000 places Malta in the range of the less affluent
EU countries.

Significant resources are limestone, a favorable
geographic location, and a productive labor force. Malta produces only
about 20% of its food needs, has limited freshwater supplies, and has
no domestic energy sources. Consequently, the The economy is highly dependent on foreign trade and services. Manufacturing and tourism are the largest contributors to the economy. Manufacturing accounts for about 24% of GDP, with the trade,
industry (especially electronics and textile industries major contributors textiles), and with tourism; the
state-owned Malta drydocks employing employs about 4,300 3,800 people. In 1994, 1995, over 1
1.1 million tourists visited the island. Per capita GDP of $12,000 $12,600
places Malta in the range of the less affluent EU countries. The
island is divided politically over the question of joining the EU.

Significant resources are limestone, a favorable
geographic location, and a productive labor force. Malta produces only
about 20% of its food needs, has limited freshwater supplies, and has
no domestic energy sources. The economy is dependent on foreign trade,
industry manufacturing (especially electronics and textiles), and tourism; the
state-owned Malta drydocks employs about 3,800 people. In 1995, over 1996,
1.1 approximately 1 million tourists visited the island. Per capita GDP of $12,600
$12,900 places Malta in the range of the less affluent EU countries. The
The island is divided politically over the question of joining the EU.

Significant resources are limestone, a favorable
favorable geographic location, and a productive labor force. Malta
produces only
about 20% of its food needs, has limited freshwater
supplies, and has
no domestic energy sources. The economy is
dependent on foreign trade,
manufacturing (especially electronics
and textiles), and tourism; the
state-owned Malta drydocks employs
about 3,800 people. In 1996,
approximately 1998, almost 1 million tourists visited the
island. Per capita GDP of
$12,900 roughly $13,000 places Malta in the range ranks
of the less affluent EU countries.
The island is divided politically
over the question of joining the EU. The sizable budget deficit
remains a key concern.

Significant Major resources are limestone, a
favorable geographic location, and a productive labor force. Malta
produces only about 20% of its food needs, has limited freshwater
supplies, and has no domestic energy sources. The economy is
dependent on foreign trade, manufacturing (especially electronics
and textiles), and tourism; the state-owned Malta drydocks employs
about 3,800 people. In 1998, almost 1999, over 1 million tourists visited the
island. Per capita GDP of roughly $13,000 $13,800 places Malta in the ranks
of the less affluent EU countries. The island is divided politically
over the question of joining the EU. The sizable budget deficit
remains a key concern.

Major resources are limestone, a favorable geographic location, and a productive labor force. Malta produces only about 20% of its food needs, has limited freshwater supplies, and has no domestic energy sources. The economy is dependent on foreign trade, manufacturing (especially electronics and textiles), and tourism; the state-owned Malta drydocks employs about 3,800 people. In 1999, over 1 million tourists visited the island. Per capita GDP of $13,800 places tourism. Malta is privatizing state-controlled firms and liberalizing markets in order to prepare for membership in the ranks of European Union. However, the less affluent EU countries. The island is divided politically over the question of joining the EU. The sizable budget deficit remains a key concern.

Major resources are limestone, a favorable geographic location, and a productive labor force. Malta produces only about 20% of its food needs, has limited freshwater fresh water supplies, and has no domestic energy sources. The economy is dependent on foreign trade, manufacturing (especially electronics and textiles), and tourism. Malta is privatizing state-controlled firms and liberalizing markets in order to prepare for membership in the European Union. However, the The island is remains divided politically politically, however, over the question of joining the EU. The sizable budget deficit remains a key concern. Continued sluggishness in the global economy is holding back exports and tourism.

Major resources are limestone, a favorable geographic location, and a productive labor force. Malta produces only about 20% of its food needs, has limited fresh water supplies, and has no domestic energy sources. The economy is dependent on foreign trade, manufacturing (especially electronics and textiles), and tourism. Malta is privatizing state-controlled firms and liberalizing markets in order to prepare for membership in the European Union. The island remains divided politically, however, over the question of joining the EU. Continued sluggishness in the global economy is holding back exports exports, tourism, and tourism. overall growth.

Major resources are limestone, a favorable geographic location, and a productive labor force. Malta produces only about 20% of its food needs, has limited fresh water supplies, and has no domestic energy sources. The economy is dependent on foreign trade, manufacturing (especially electronics and textiles), and tourism. Malta is privatizing state-controlled firms and liberalizing markets in order to prepare for membership in the European Union. The island remains divided politically, however, over the question of joining the EU. Continued sluggishness in the global European economy is holding back exports, tourism, and overall growth.

Major resources are limestone, a favorable geographic location, and a productive labor force. Malta produces only about 20% of its food needs, has limited fresh water supplies, and has no few domestic energy sources. The economy is dependent on foreign trade, manufacturing (especially electronics and textiles), and tourism. Continued sluggishness in the European economy is holding back exports, tourism, and overall growth.

Major resources are limestone, a favorable geographic location, and a productive labor force. Malta produces only about 20% of its food needs, has limited fresh water supplies, and has few domestic energy sources. The economy is dependent on foreign trade, manufacturing (especially electronics and textiles), pharmaceuticals), and tourism. Continued sluggishness in the European economy is holding back exports, tourism, and overall growth.

Major resources are limestone, a favorable geographic location, and a productive labor force. Malta produces only about 20% of its food needs, has limited fresh water supplies, and has few domestic energy sources. The economy is dependent on foreign trade, manufacturing (especially electronics and pharmaceuticals), and tourism. Continued sluggishness in Economic recovery of the European economy is holding back has lifted exports, tourism, and overall growth. Malta adopted the euro on 1 January 2008.

Malta produces only about 20% of its food needs, has limited fresh water supplies, and has few domestic energy sources. Malta's geographic position between the EU and Africa makes it a recipient of target for illegal immigration, which has strained Malta's political and economic resources. The Malta adopted the euro on 1 January 2008. Malta's financial services industry has grown in recent years, but years and in 2008-09 it escaped significant damage from the international financial crisis, largely because the sector is centered on the indigenous real estate market and is not fully modernized. highly leveraged. Locally, the restricted damage from the financial crisis has been attributed to the stability of the Maltese banking system and to its prudent risk-management practices. The global economic downturn and high electricity and water prices hurt Malta's economy real economy, which is dependent on foreign trade, manufacturing - especially electronics and pharmaceuticals - and tourism all of which have been negatively affected by tourism, but growth bounced back as the global economic downturn. Malta adopted the euro on 1 January 2008. The Maltese government economy recovered in 2009 will be challenged to contain the budget deficit, which ballooned 2010. Following a 1.2% contraction in 2008 to about 4.1% of GDP, placing it above the euro zone's 3% maximum. 2009, GDP grew 2% in 2010.

Malta produces only about 20% of its food needs, has limited fresh water supplies, and has few domestic energy sources. Malta's geographic position between the EU and Africa makes it a target for illegal immigration, which has strained Malta's political and economic resources. Malta adopted the euro on 1 January 2008. Malta's financial services industry has grown in recent years and in 2008-09 it escaped significant damage from the international financial crisis, largely because the sector is centered on the indigenous real estate market and is not highly leveraged. Locally, the restricted damage from the financial crisis has been attributed to the stability of the Maltese banking system and to its prudent risk-management practices. The global economic downturn and high electricity and water prices hurt Malta's real economy, which is dependent on foreign trade, manufacturing - especially electronics and pharmaceuticals - and tourism, but growth bounced back as the global economy recovered in 2010. Following a 1.2% contraction in 2009, GDP grew 2% in 2010. In early 2011, the EU ended excessive deficit procedures against Malta, after Malta had taken measures to correct an excessive deficit in 2010 and appeared likely to reach its deficit target of 2.8% of GDP in 2011.

Malta - the smallest economy in the euro zone - produces only about 20% of its food needs, has limited fresh water supplies, and has few domestic energy sources. Malta's geographic position between the EU Europe and North Africa makes it a target for illegal immigration, which has strained Malta's political and economic resources. Malta's fertility rate is below the EU average, and population growth in recent years has largely been from immigration, putting increasing pressure on the pension system. Malta adopted the euro on 1 January 2008. Malta's economy is dependent on foreign trade, manufacturing, and tourism, and was hurt by the global economic downturn. Malta has low unemployment relative to other European countries, and growth has recovered since the 2009 recession. Malta's financial services industry has grown in recent years and in 2008-09 it escaped significant damage has avoided contagion from the international European financial crisis, largely because the sector its debt is centered on the indigenous real estate market mostly held domestically and is not highly leveraged. Locally, the restricted damage from the financial crisis has been attributed its banks have low exposure to the stability sovereign debt of the Maltese banking system and to peripheral European countries. Malta reduced its prudent risk-management practices. The global economic downturn and high electricity and water prices hurt Malta's real economy, which is dependent on foreign trade, manufacturing - especially electronics and pharmaceuticals - and tourism, but growth bounced back as the global economy recovered in 2010. Following a 1.2% contraction in 2009, GDP grew 2% in 2010. In early 2011, deficit below 3 percent of GDP, leading the EU ended to dismiss its official excessive deficit procedures procedure against Malta, after Malta had taken measures to correct an excessive deficit in 2010 and appeared likely to reach its deficit target of 2.8% of GDP in 2011. 2012.

Malta - the smallest economy in the euro zone - produces only about 20% of its food needs, has limited fresh water supplies, and has few domestic energy sources. Malta's geographic position between Europe and North Africa makes it a target for illegal immigration, irregular migration, which has strained Malta's political and economic resources. Malta's Malta''s fertility rate is below the EU average, and population growth in recent years has largely been from immigration, putting increasing pressure on the pension system. Malta adopted the euro on 1 January 2008. Malta's Malta''s economy is dependent on foreign trade, manufacturing, and tourism, and was hurt by the global economic downturn. Malta has low unemployment relative to other European countries, and growth has recovered since the 2009 recession. Malta's Malta''s financial services industry has grown in recent years and it has avoided contagion from the European financial crisis, largely because its debt is mostly held domestically and its banks have low exposure to the sovereign debt of peripheral European countries. Malta reduced its deficit below 3 percent of GDP, leading the EU to dismiss its official excessive deficit procedure against Malta in 2012.

Malta - the smallest economy in the euro zone - produces only about 20% of its food needs, has limited fresh water supplies, and has few domestic energy sources. Malta's geographic position between Europe and North Africa makes it a target for irregular migration, which has strained Malta's political and economic resources. Malta''s Malta's fertility rate is below the EU average, and population growth in recent years has largely been from immigration, putting increasing pressure on the pension system. Malta adopted the euro on 1 January 2008. Malta''s Malta's economy is dependent on foreign trade, manufacturing, and tourism, and was hurt by the global economic downturn. downturn, but fared better than most other EU member states. Malta has low unemployment relative to other European countries, and growth has recovered since the 2009 recession. Malta''s Malta's financial services industry has grown in recent years and it has avoided contagion from the European financial crisis, largely because its debt is mostly held domestically and its banks have low exposure to the sovereign debt of peripheral European countries. Malta reduced its deficit below 3 percent of GDP, leading the The EU to dismiss its official reopened an excessive deficit procedure against Malta in 2012. June 2013, having found that its forecasted deficit for the year was likely to exceed 3% of GDP.

Malta - the smallest economy in the euro zone - produces only about 20% of its food needs, has limited fresh water supplies, and has few domestic energy sources. Malta's geographic position between Europe and North Africa makes it a target for irregular migration, which has strained Malta's political and economic resources. Malta's fertility rate is below the EU average, and population growth in recent years has largely been from immigration, putting increasing pressure on the pension system. Malta adopted the euro on 1 January 2008. Malta's economy is dependent on foreign trade, manufacturing, and tourism, and was hurt by tourism. Malta has weathered the global economic downturn, but fared Eurozone crisis better than most other EU member states. Malta states due to a low debt-to-GDP ratio and financially sound banking sector. It has low unemployment relative to other European countries, and growth has recovered since the 2009 recession. Malta's financial services industry has grown In 2014, Malta led the Eurozone in recent years and it has avoided contagion from growth, expanding by nearly 3.5%. Also in 2014, the European financial crisis, largely because its debt is mostly held domestically and its banks have low exposure to government began promoting public-private partnerships in the sovereign debt of peripheral European countries. The EU reopened an excessive deficit procedure against healthcare sector to establish Malta in June 2013, having found that its forecasted deficit as a Mediterranean health hub for the year was likely medical tourism, reduced residential and commercial energy tariffs by 25%, and implemented a citizenship purchase program to exceed 3% increase government revenue and attract foreign investors. The government has implemented new programs, including free child care, to encourage increased labor participation. The high cost of GDP. borrowing and small labor market present potential constraints to future economic growth.

Malta - the smallest economy in the euro zone - produces only about 20% of its food needs, has limited fresh water supplies, and has few domestic energy sources. Malta's geographic position between Europe and North Africa makes it a target for irregular migration, which has strained Malta's political and economic resources. Malta's fertility rate economy is below dependent on foreign trade, manufacturing, and tourism. Malta joined the EU average, and population growth in recent years has largely been from immigration, putting increasing pressure on the pension system. Malta 2004 and adopted the euro on 1 January 2008. Malta's economy is dependent on foreign trade, manufacturing, and tourism.
Malta has weathered the Eurozone euro-zone crisis better than most EU member states due to a low debt-to-GDP ratio and financially sound banking sector. It has low unemployment relative to other European countries, and growth has recovered since the 2009 recession. In 2014, 2014 and 2015, Malta led the Eurozone euro zone in growth, expanding by nearly 3.5%. Also 3.5% each year.
Malta’s services sector continued to grow in 2014, the government began promoting public-private partnerships 2015, with noted increases in the healthcare sector to establish financial services and online gaming sectors. Malta as a Mediterranean health hub continues to enhance its regulation of the financial services sector, and passed additional legislation in 2014 and 2015 to improve anti-money laundering oversight for medical tourism, reduced residential financial and commercial gaming activities. Expanding EU discussions of anti-tax avoidance measures, including the “Anti-Tax Avoidance Package” submitted in early 2016, have raised concerns among Malta’s financial services and insurance providers about passage of laws governing EU tax practices, which could have a significant impact on those sectors.
Malta’s 2015 GDP growth was bolstered by energy tariffs infrastructure investments, and revenue growth is expected to continue, supported by 25%, a strong labor market and implemented proceeds from a citizenship purchase by investment program equal to increase government revenue roughly 0.9% of GDP. Malta's geographic position between Europe and attract foreign investors. North Africa makes it a route for irregular migration. Historically, Malta's fertility rate has been below the EU average, and population growth in recent years has been largely from immigration, increasing pressure on the pension system. The government has implemented new programs, including free child care, childcare, to encourage increased labor participation. The high cost of borrowing and small labor market present remain potential constraints to future economic growth.

Malta - Malta’s free market economy – the smallest economy in the euro zone - euro-zone – relies heavily on trade in both goods and services, principally with Europe. Malta produces only about 20% less than a quarter of its food needs, has limited fresh water supplies, and has few domestic energy sources. Malta's economy is dependent on foreign trade, manufacturing, and tourism. Malta joined the EU in 2004 and adopted the euro on 1 January 2008.
Malta has weathered the euro-zone crisis better than most EU member states due to a low debt-to-GDP ratio and financially sound banking sector. It has low maintains one of the lowest unemployment relative to other European countries, rates in Europe, and growth has fully recovered since the 2009 recession. In 2014 and 2015, through 2016, Malta led the euro zone in growth, expanding by nearly 3.5% each more than 4.5% per year.
Malta’s services sector continued continues to grow in 2015, grow, with noted increases sustained growth in the financial services and online gaming sectors. Malta continues to enhance its regulation of the financial services sector, and passed additional legislation in 2014 and 2015 Advantageous tax schemes remained attractive to improve anti-money laundering oversight for financial and gaming activities. Expanding foreign investors, though EU discussions of anti-tax avoidance measures, including the “Anti-Tax Avoidance Package” submitted in early 2016, measures have raised concerns among Malta’s financial services and insurance providers about passage of laws governing EU tax practices, which providers, as the measures could have a significant impact on those sectors. The tourism sector also continued to grow, with 2016 showing record-breaking numbers of both air and cruise passenger arrivals.
Malta’s 2015 GDP growth was bolstered by energy infrastructure investments, remains strong and revenue growth is expected to continue, supported by a strong labor market and proceeds from a citizenship by investment program equal to roughly 0.9% of GDP. Malta's geographic position between Europe and North Africa makes it a route for irregular migration. Historically, Malta's fertility rate has been below the EU average, and population growth in recent years has been largely from immigration, increasing pressure on the pension system. market. The government has implemented new programs, including free childcare, to encourage increased labor participation. The high cost of borrowing and small labor market remain potential constraints to future economic growth. Increasingly, other EU and European migrants are relocating to Malta for employment, though wages have remained low compared to other European countries. Inflation remains low.

Malta’s free market economy – the smallest economy in the euro-zone – relies heavily on trade in both goods and services, principally with Europe. Malta produces less than a quarter of its food needs, has limited fresh water supplies, and has few domestic energy sources. Malta's economy is dependent on foreign trade, manufacturing, and tourism. Malta joined the EU in 2004 and adopted the euro on 1 January 2008.
Malta has weathered the euro-zone crisis better than most EU member states due to a low debt-to-GDP ratio and financially sound banking sector. It maintains one of the lowest unemployment rates in Europe, and growth has fully recovered since the 2009 recession. In 2014 through 2016, Malta led the euro zone in growth, expanding more than 4.5% per year.
Malta’s services sector continues to grow, with sustained growth in the financial services and online gaming sectors. Advantageous tax schemes remained attractive to foreign investors, though EU discussions of anti-tax avoidance measures have raised concerns among Malta’s financial services and insurance providers, as the measures could have a significant impact on those sectors. The tourism sector also continued to grow, with 2016 showing record-breaking numbers of both air and cruise passenger arrivals.
Malta’s GDP growth remains strong and is supported by a strong labor market. The government has implemented new programs, including free childcare, to encourage increased labor participation. The high cost of borrowing and small labor market remain potential constraints to future economic growth. Increasingly, other EU and European migrants are relocating to Malta for employment, though wages have remained low compared to other European countries. Inflation remains low.

Malta’s free market economy – the smallest economy in the euro-zone – relies heavily on trade in both goods and services, principally with Europe. Malta produces less than a quarter of its food needs, has limited fresh water supplies, and has few domestic energy sources. Malta's economy is dependent on foreign trade, manufacturing, and tourism. Malta joined the EU in 2004 and adopted the euro on 1 January 2008.
Malta has weathered the euro-zone crisis better than most EU member states due to a low debt-to-GDP ratio and financially sound banking sector. It maintains one of the lowest unemployment rates in Europe, and growth has fully recovered since the 2009 recession. In 2014 through 2016, Malta led the euro zone in growth, expanding more than 4.5% per year.
Malta’s services sector continues to grow, with sustained growth in the financial services and online gaming sectors. Advantageous tax schemes remained attractive to foreign investors, though EU discussions of anti-tax avoidance measures have raised concerns among Malta’s financial services and insurance providers, as the measures could have a significant impact on those sectors. The tourism sector also continued to grow, with 2016 showing record-breaking numbers of both air and cruise passenger arrivals.
Malta’s GDP growth remains strong and is supported by a strong labor market. The government has implemented new programs, including free childcare, to encourage increased labor participation. The high cost of borrowing and small labor market remain potential constraints to future economic growth. Increasingly, other EU and European migrants are relocating to Malta for employment, though wages have remained low compared to other European countries. Inflation remains low.