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Economy of Malta

Population: 423 thousand in 20131

GDP: $9.6 billion in 20132

GDP per capita: $22,780 nominal3 ($30,213 PPP4) in 2013

GDP growth rate: 2.9% in 20135


GDP by Industry 20126

Industry sectorValue added ($ millions) 2012Percent of total
Other activities4,25653.9%
Wholesale, retail trade, restaurants and hotels1,23315.6%
Transport, storage and communication88111.2%
Agriculture, hunting, forestry, fishing1241.6%
Mining and utilities1111.4%
Total value added7,902100%


Unemployment rate: 6.5% in 20137

Employment by Industry 20138

Employment sector Employees (thousands) 2013Percent of total
Wholesale trade, retail trade and repair of motor vehicles2514.5%
Human health and social work169.1%
Public administration and defence158.5%
Accommodation and food service158.5%
Transportation and storage105.6%
Finance and insurance84.6%
Professional, scientific and technical74.1%
Information and communication73.9%
Administrative and support service53.0%
Other service42.2%
Arts, entertainment and recreation42.6%
Water supply, sewerage and waste management21.1%
Electricity, gas, steam and air conditioning20.9%
Agriculture, forestry and fishing21.3%
Real estate10.6%
Extraterritorial organizations and bodies00.2%
Activities of households as employers00.1%
Mining and quarrying00.2%
Total employment175100%


Top 10 Corporations by Revenue 20139



Household Wealth: $38 billion (395% of GDP) in 201410

Household Wealth per Adult: $113,724 in 201410

Gini Coefficient: .271 in 201211


Central Government

Central Government Revenue: $4.8 billion (50% of GDP) in 201312

Central Government Expenditure: $4.3 billion (45% of GDP) in 201312

Central Government Budget Balance: +$0.5 billion (+5% of GDP) in 201312

Central Government Public Debt: $6.3 billion (66% of GDP) in Q3 2014* 13

Central Government 10 Year Bond Interest Rate: 1.69% in Jan 201514

* Public debt calculated using the exchange rat 0.887 EUR = 1 USD

Government Funds


Tax Structure

Individual Income Tax Rates and Thresholds in 2013* 15

Corporate Tax Rate: 35% in 201416

* Individual thresholds calculated using the exchange rate .887 EUR = 1 USD

Monetary Policy

Money Supply (Euro area, M1): $6.55 trillion in Nov 2014* 17

Benchmark Interest Rate (Euro area): Main Refinancing rate = 0.05% in Sept 201418

Total Reserves: $0.6 billion (6% of GDP) in 201319

Exchange Rate: .887 Euros = 1 U.S. Dollar on Feb 17, 201520

Inflation: 1.4% in 201321

* Money supply calculated using the exchange rate .887 EUR = 1 USD

Financial Institutions

Top 10 Financial Institutions by Assets 201322

N/A (data not available at Relbanks.com)

International Accounts

Exports: $5.1 billion (53% of GDP) in 201323

Imports: $7.4 billion (77% of GDP) in 201323

Trade Balance: -$2.3 billion (-24% of GDP) in 201323

Foreign Direct Investment Inflow: -$1.9 billion (20% of GDP) in 201324

Foreign Direct Investment Outflow: N/A

Foreign Aid Inflow: N/A

Foreign Aid Outflow: N/A


1. Source: World Bank Indicators (Population) Go back
2. Source: World Bank Indicators (GDP) Go back
3. Source: World Bank Indicators (GDP per capita) Go back
4. Source: World Bank Indicators (GDP per capita PPP) Go back
5. Source: World Bank Indicators (GDP growth rate) Go back
6. Source: United Nations Statistics Division (GDP by industry) Go back
7. Source: World Bank Indicators (Unemployment rate) Go back
8. Source: International Labor Organization, ILOSTAT, Downloads (Employment by economic activity) Go back
9. Source: Annual reports (Corporate data) Go back
10. Source: Credit Suisse Global Wealth Databook (Household wealth) Go back
11. Source: CIA World Factbook (Gini coefficient) Go back
12. Source: CIA World Factbook (Government budget) Go back
13. Source: IMF Data Dissemination Bulletin Board, Access National Summary Data (Public debt) Go back
14. Source: European Central Bank (Government bond yield) Go back
15. Source: PKF Tax Guide (Individual tax rates) Go back
16. Source: Tax Foundation (Corporate tax rate) Go back
17. Source: ECB Monetary developments (Money supply) Go back
18. Source: ECB Key interest rates (Benchmark interest rate) Go back
19. Source: World Bank Indicators (Total reserves) Go back
20. Source: xe.com (Exchange rate) Go back
21. Source: World Bank Indicators (Inflation rate) Go back
22. Source: Relbanks.com (Financial institutions by assets) Go back
23. Source: CIA World Factbook (Trade data) Go back
24. Source: World Bank Indicators (FDI data) Go back