Economy - overview:
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 the global economic 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 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. The EU reopened an excessive deficit procedure against Malta in June 2013, having found that its forecasted deficit for the year was likely to exceed 3% of GDP.
GDP (purchasing power parity): GDP (official exchange rate): GDP - real growth rate: GDP - per capita (PPP): Gross national saving: GDP - composition, by end use:
GDP - composition, by sector of origin:
Agriculture - products: Industries: Industrial production growth rate: Labor force: Labor force - by occupation:
Unemployment rate: Population below poverty line: Household income or consumption by percentage share:
Distribution of family income - Gini index: Budget:
Taxes and other revenues: Budget surplus (+) or deficit (-): Public debt: Fiscal year: Inflation rate (consumer prices): Central bank discount rate: Commercial bank prime lending rate: Stock of narrow money: Stock of broad money: Stock of domestic credit: Market value of publicly traded shares: Current account balance: Exports: Exports - commodities: Exports - partners: Imports: Imports - commodities: Imports - partners: Reserves of foreign exchange and gold: Debt - external: Stock of direct foreign investment - at home: Stock of direct foreign investment - abroad: Exchange rates:
$11.22 billion (2013 est.)
country comparison to the world: 153
$10.96 billion (2012 est.)
$10.89 billion (2011 est.)
note:
data are in 2013 US dollars
[see also: GDP country ranks ]
$9.541 billion (2013 est.)
[see also: GDP (official exchange rate) country ranks ]
2.4% (2013 est.)
country comparison to the world: 134
0.6% (2012 est.)
1.6% (2011 est.)
[see also: GDP - real growth rate country ranks ]
$29,200 (2012 est.)
country comparison to the world: 52
$28,800 (2011 est.)
$28,300 (2010 est.)
note:
data are in 2012 US dollars
[see also: GDP - per capita country ranks ]
13.7% of GDP (2013 est.)
country comparison to the world: 115
13.5% of GDP (2012 est.)
12.8% of GDP (2011 est.)
[see also: Gross national saving country ranks ]
household consumption:
56.8%
government consumption:
20.8%
investment in fixed capital:
14.5%
investment in inventories:
-0.5%
exports of goods and services:
92%
imports of goods and services:
-86.4%
(2013 est.)
agriculture:
1.4%
industry:
25.3%
services:
73.3% (2013 est.)
potatoes, cauliflower, grapes, wheat, barley, tomatoes, citrus, cut flowers, green peppers; pork, milk, poultry, eggs
tourism, electronics, ship building and repair, construction, food and beverages, pharmaceuticals, footwear, clothing, tobacco, aviation services, financial services, information technology services
-6.9% (2013)
country comparison to the world: 192
[see also: Industrial production growth rate country ranks ]
190,400 (2013 est.)
country comparison to the world: 174
[see also: Labor force country ranks ]
agriculture:
1.4%
industry:
22.2%
services:
76.4% (2013)
6.4% (2013 est.)
country comparison to the world: 65
6.5% (2012 est.)
[see also: Unemployment rate country ranks ]
15.1% (2012)
[see also: Population below poverty line country ranks ]
lowest 10%:
NA%
highest 10%:
NA%
27.1 (2012)
country comparison to the world: 129
26 (2007)
[see also: Distribution of family income - Gini index country ranks ]
revenues:
$4.843 billion
expenditures:
$4.322 billion (2013 est.)
50.8% of GDP (2013 est.)
country comparison to the world: 13
[see also: Taxes and other revenues country ranks ]
5.5% of GDP (2013 est.)
country comparison to the world: 8
[see also: Budget surplus (+) or deficit (-) country ranks ]
75.3% of GDP (2013 est.)
country comparison to the world: 33
70.8% of GDP (2012 est.)
note:
Malta reports public debt at nominal value outstanding at the end of the year, according to guidelines set out in the Maastricht Treaty for general government gross debt; the data include the following categories of government liabilities (as defined in ESA95): currency and deposits (AF.2), securities other than shares excluding financial derivatives (AF.3, excluding AF.34), and loans (AF.4); general government comprises the central government, state government, local government and social security funds
[see also: Public debt country ranks ]
calendar year
1% (2013 est.)
country comparison to the world: 25
3.2% (2012 est.)
[see also: Inflation rate (consumer prices) country ranks ]
0.75% (31 December 2013)
country comparison to the world: 119
1.5% (31 December 2010)
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 ]
0.25% (31 December 2013 est.)
country comparison to the world: 176
0.75% (31 December 2012 est.)
[see also: Commercial bank prime lending rate country ranks ]
$8.932 billion (31 December 2013 est.)
country comparison to the world: 83
$7.892 billion (31 December 2012 est.)
note:
see entry for the European Union for money supply in the euro area; the European Central Bank (ECB) controls monetary policy for the 17 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 ]
$15.44 billion (31 December 2013 est.)
country comparison to the world: 90
$13.88 billion (31 December 2012 est.)
[see also: Stock of broad money country ranks ]
$19.16 billion (31 December 2013 est.)
country comparison to the world: 83
$20.72 billion (31 December 2012 est.)
[see also: Stock of domestic credit country ranks ]
$3.631 billion (31 December 2012 est.)
country comparison to the world: 83
$3.424 billion (31 December 2011)
$2.399 billion (31 December 2010 est.)
[see also: Market value of publicly traded shares country ranks ]
$133.1 million (2013 est.)
country comparison to the world: 57
$181.5 million (2012 est.)
[see also: Current account balance country ranks ]
$5.105 billion (2013 est.)
country comparison to the world: 116
$5.893 billion (2012 est.)
[see also: Exports country ranks ]
machinery and mechanical appliances; mineral fuels, oils and products; pharmaceutical products; printed books and newspapers; aircraft/spacecraft and parts; toys, games, and sports equipment
Germany 8.9%, Singapore 7.1%, Libya 6.2%, France 6.2%, United States 4.4% (2013 est.)
$7.436 billion (2013 est.)
country comparison to the world: 111
$8.209 billion (2012 est.)
[see also: Imports country ranks ]
mineral fuels, oils and products; electrical machinery; aircraft/spacecraft and parts thereof; machinery and mechanical appliances; plastic and other semi-manufactured goods; vehicles and parts thereof
Italy 24.6%, Germany 5.6%, United Kingdom 5.4%, Russia 5.1%, France 5% (2013 est.)
$377 million (31 December 2013 est.)
country comparison to the world: 150
$481.5 million (31 December 2012 est.)
[see also: Reserves of foreign exchange and gold country ranks ]
$51.08 billion (30 September 2013 est.)
country comparison to the world: 62
$46.72 billion (31 December 2012)
[see also: Debt - external country ranks ]
$15.17 billion (31 June 2013)
country comparison to the world: 80
$16.4 billion (31 December 2012)
[see also: Stock of direct foreign investment - at home country ranks ]
$1.442 billion (31 June 2013 est.)
country comparison to the world: 76
$1.471 billion (31 December 2012)
[see also: Stock of direct foreign investment - abroad country ranks ]
euros (EUR) per US dollar -
0.7634 (2013 est.)
0.7752 (2012 est.)
0.755 (2010 est.)
0.7198 (2009 est.)
0.6827 (2008 est.)