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Malta Economy 2011
https://theodora.com/wfb2011/malta/malta_economy.html
SOURCE: 2011 CIA WORLD FACTBOOK AND OTHER SOURCES


















Malta Economy 2011
SOURCE: 2011 CIA WORLD FACTBOOK AND OTHER SOURCES


Page last updated on January 12, 2011

Economy - overview:
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.

GDP (purchasing power parity):
$10.21 billion (2010 est.)
country comparison to the world: 149

$10.01 billion (2009 est.)
$10.13 billion (2008 est.)
note: data are in 2010 US dollars
[see also: GDP (purchasing power parity) country ranks ]

GDP (official exchange rate):
$7.801 billion (2009 est.)
[see also: GDP (official exchange rate) country ranks ]

GDP - real growth rate:
2% (2010 est.)
country comparison to the world: 151

-1.2% (2009 est.)
1.5% (2008 est.)
[see also: GDP - real growth rate country ranks ]

GDP - per capita:
$25,100 (2010 est.)
country comparison to the world: 54

$24,700 (2009 est.)
$25,100 (2008 est.)
note: data are in 2010 US dollars
[see also: GDP - per capita country ranks ]

GDP - composition by sector:
agriculture: 1.7%
[see also: GDP - composition by sector - agriculture country ranks ]
industry: 17.4%
[see also: GDP - composition by sector - industry country ranks ]
services: 80.9% (2007 est.)
[see also: GDP - composition by sector - services country ranks ]

Labor force:
174,000 (2008 est.)
country comparison to the world: 175
[see also: Labor force country ranks ]

Labor force - by occupation:
agriculture: 1.6%
[see also: Labor force - by occupation - agriculture country ranks ]
industry: 22.8%
[see also: Labor force - by occupation - industry country ranks ]
services: 75.6% (2009 est.)
[see also: Labor force - by occupation - services country ranks ]

Unemployment rate:
7% (2009 est.)
country comparison to the world: 70

6% (2008 est.)
[see also: Unemployment rate country ranks ]

Population below poverty line:
NA%
[see also: Population below poverty line country ranks ]

Household income or consumption by percentage share:
lowest 10%: NA%
[see also: Household income or consumption by percentage share - lowest 10% country ranks ]
highest 10%: NA%
[see also: Household income or consumption by percentage share - highest 10% country ranks ]

Distribution of family income - Gini index:
26 (2007)
country comparison to the world: 128
[see also: Distribution of family income - Gini index country ranks ]

Investment (gross fixed):
14.1% of GDP (2009 est.)
country comparison to the world: 137
[see also: Investment (gross fixed) country ranks ]

Budget:
revenues: $3.136 billion
[see also: Budget - revenues country ranks ]
expenditures: $3.405 billion (2009 est.)
[see also: Budget - expenditures country ranks ]

Public debt:
72.6% of GDP (2010 est.)
country comparison to the world: 23

69% of GDP (2009 est.)
[see also: Public debt country ranks ]

Inflation rate (consumer prices):
1.7% (2010 est.)
country comparison to the world: 48

2.1% (2009 est.)
[see also: Inflation rate (consumer prices) country ranks ]

Central bank discount rate:
1.75% (31 December 2009)
country comparison to the world: 127

3% (31 December 2008)
note: this is the European Central Bank's rate on the marginal lending facility, which offers overnight credit to banks in the euro area
[see also: Central bank discount rate country ranks ]

Commercial bank prime lending rate:
4.47% (31 December 2009 est.)
country comparison to the world: 141

5.89% (31 December 2008 est.)
[see also: Commercial bank prime lending rate country ranks ]

Stock of narrow money:
$5.195 billion (31 December 2010 est)

$4.956 billion (31 December 2009 est)
note: this figure represents the US dollar value of Maltese liri in circulation prior to Malta joining the Economic and Monetary Union (EMU); see entry for the European Union for money supply in the euro area; the European Central Bank (ECB) controls monetary policy for the 16 members of the EMU; individual members of the EMU do not control the quantity of money circulating within their own borders
[see also: Stock of narrow money country ranks ]

Stock of broad money:
$14.3 billion (31 December 2010 est.)

$13.74 billion (31 December 2009 est.)
[see also: Stock of broad money country ranks ]

Stock of domestic credit:
$13.69 billion (31 December 2010 est.)
country comparison to the world: 88

$12.91 billion (31 December 2009 est.)
[see also: Stock of domestic credit country ranks ]

Market value of publicly traded shares:
$1.982 billion (31 December 2009)
country comparison to the world: 86

$3.572 billion (31 December 2008)
$5.633 billion (31 December 2007)
[see also: Market value of publicly traded shares country ranks ]

Agriculture - products:
potatoes, cauliflower, grapes, wheat, barley, tomatoes, citrus, cut flowers, green peppers; pork, milk, poultry, eggs

Industries:
tourism, electronics, ship building and repair, construction, food and beverages, pharmaceuticals, footwear, clothing, tobacco, aviation services, financial services, information technology services

Industrial production growth rate:
NA%
[see also: Industrial production growth rate country ranks ]

Electricity - production:
2.146 billion kWh (2007 est.)
country comparison to the world: 131
[see also: Electricity - production country ranks ]

Electricity - consumption:
1.832 billion kWh (2007 est.)
country comparison to the world: 136
[see also: Electricity - consumption country ranks ]

Electricity - exports:
0 kWh (2009 est.)
[see also: Electricity - exports country ranks ]

Electricity - imports:
0 kWh (2009 est.)
[see also: Electricity - imports country ranks ]

Oil - production:
0 bbl/day (2009 est.)
country comparison to the world: 163
[see also: Oil - production country ranks ]

Oil - consumption:
19,000 bbl/day (2009 est.)
country comparison to the world: 128
[see also: Oil - consumption country ranks ]

Oil - exports:
0 bbl/day (2009 est.)
country comparison to the world: 194
[see also: Oil - exports country ranks ]

Oil - imports:
17,910 bbl/day (2007 est.)
country comparison to the world: 116
[see also: Oil - imports country ranks ]

Oil - proved reserves:
0 bbl (1 January 2010 est.)
country comparison to the world: 138
[see also: Oil - proved reserves country ranks ]

Natural gas - production:
0 cu m (2009 est.)
country comparison to the world: 146
[see also: Natural gas - production country ranks ]

Natural gas - consumption:
0 cu m (2009 est.)
country comparison to the world: 139
[see also: Natural gas - consumption country ranks ]

Natural gas - exports:
0 cu m (2009 est.)
country comparison to the world: 153
[see also: Natural gas - exports country ranks ]

Natural gas - imports:
0 cu m (2009 est.)
country comparison to the world: 95
[see also: Natural gas - imports country ranks ]

Natural gas - proved reserves:
0 cu m (1 January 2010 est.)
country comparison to the world: 147
[see also: Natural gas - proved reserves country ranks ]

Current account balance:
-$403 million (2010 est.)
country comparison to the world: 110

-$491 million (2009 est.)
[see also: Current account balance country ranks ]

Exports:
$2.954 billion (2010 est.)
country comparison to the world: 125

$2.383 billion (2009 est.)
[see also: Exports country ranks ]

Exports - commodities:
electrical machinery, mechanical appliances, fish and crustaceans, pharmaceutical products, printed material

Exports - partners:
Germany 13.3%, Singapore 12.5%, France 11.4%, US 9.4%, Hong Kong 6.5%, UK 5.9%, Italy 4.8% (2009)

Imports:
$4.074 billion (2010 est.)
country comparison to the world: 128

$3.595 billion (2009 est.)
[see also: Imports country ranks ]

Imports - commodities:
mineral fuels and oils, electrical machinery, non-electrical machinery, aircraft and other transport equipment, plastic and other semi-manufactured goods; food, drink, tobacco

Imports - partners:
Italy 24.4%, UK 11.7%, Germany 9.3%, France 7.6%, China 4.2%, Singapore 4.11%, Switzerland 4.05% (2009)

Reserves of foreign exchange and gold:
$522 million (31 December 2010 est.)
country comparison to the world: 118

$538.6 million (31 December 2009 est.)
[see also: Reserves of foreign exchange and gold country ranks ]

Debt - external:
$41.02 billion (30 June 2010)
country comparison to the world: 57

$3.75 billion (2008)
[see also: Debt - external country ranks ]

Stock of direct foreign investment - at home:
$8.24 billion (31 December 2009)
country comparison to the world: 81
[see also: Stock of direct foreign investment - at home country ranks ]

Stock of direct foreign investment - abroad:
$NA
[see also: Stock of direct foreign investment - abroad country ranks ]

Exchange rates:
euros (EUR) per US dollar - 0.7732 (2010), 0.7179 (2009), 0.6827 (2008), Maltese liri per US dollar - 0.3106 (2007), 0.37 (2006)


NOTE: The information regarding Malta on this page is re-published from the 2011 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Malta Economy 2011 information contained here. All suggestions for corrections of any errors about Malta Economy 2011 should be addressed to the CIA.






This page was last modified 09-Feb-11
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