Maltese Economy

Basic Economic Facts

GDP: (€`000) 5,377,372
GDP per capita: €13,139

Inflation:: 3% (2005)

Major Industries: Tourism, electronics, the Malta Freeport (duty free container trans-shipment port), financial services, the Malta Drydocks.

Major trading partners: UK, Italy, France, USA, Germany, Greece and the Benelux countries.

Malta has traditionally enjoyed high employment, low inflation and consistent (if moderate) GDP growth. There is a substantial, if declining, budget deficit and a deficit in the government’s current account, which is compounded by mounting loan repayments. 49% of the GDP is spent on the Public Sector. Malta joined the Exchange Rate Mechanism in April 2005 and adopted the Euro as its sole currency in January 2008.

Why Malta

Consulates & Embasies
IT & Internet
Location
Malta in the E.U.
Maltese Economy