Economy of Malta
Population: 0.48 M (2018)
GDP per Capita: 30,098 USD (2018)
14,550 M.

GDP USD

(2018)

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21,080 M.

EXPORTS USD

(2018)

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18,040 M.

IMPORTS USD

(2018)

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43.10 %

PUBLIC DEBT

(2019)

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Data is provided by World Bank, FMI and Central Banks.

GDP and Economic Growth

Indicator Value
Economic Growth 6.77 % (2018)
GDP of 2010 USD USD 13.80 B. (2018)
GDP Current USD USD 14.55 B. (2018)
GDP per Capita Current USD USD 30,098 (2018)
GDP per capita, PPP USD 38,388 (2018)
GDP per Capita, 2010 USD USD 28,594 (2018)

Government spending and balances

Indicator Value
Government Spending % GDP 16.27 % (2018)
Government Spending USD 2.37 B. (2018)
Government Debt % GDP 43.10 % (2019)

International Trade and Investment

Indicator Value
Terms of Trade Base Year 2000 169.45 (2018)
Trade Openness 268.85 % (2018)
Exports of Goods and Services % GDP 144.87 % (2018)
Exports Goods & Services USD 21.08 B. (2018)
Exports Annual Growth 2.58 % (2018)
Imports as % GDP 123.98 % (2018)
Total Imports USD 18.04 B. (2018)
Foreign Direct Investment % GDP 32.54 % (2018)
Foreign Direct Investment USD 4.81 B. (2018)
Current Account Balance % GDP USD 9.85 % (2018)
Current Account Balance USD 1.43 B. (2018)
Trade Balance % GDP 20.88 % (2018)
Trade Balance USD 2.91 B. (2018)
Foreign Exchange Reserves incl Gold USD 1.02 B. (2018)
Remittances % GDP 1.87 % (2018)
Remittances USD 251 M. (2018)
Balance of Payments USD 29 M. (2017)

Labor Market

Indicator Value
Labor Force 0.23 M. (2019)
Unemployment Rate 4.63 % (2019)
Unemployment Rate Females 3.77 % (2019)
Unemployment Rate Males 3.27 % (2019)
Youth Unemployment (ages 15-24) 10.86 % (2019)
Labor Force Participation Rate 54.60 % (2019)
Labor Force (Percent Female) 40.83 % (2019)
Female Labor Force Participation Rate 43.24 % (2019)
Male Labor Force Participation Rate 65.97 % (2019)
Dependent People 52.97 % (2018)

Agriculture Sector

Indicator Value
Forest Area 1.10 % (2016)
Forest Area km² 4 km² (2016)
Agricultural Land 32.44 % (2016)
Agricultural Land km² 104 km² (2016)
Employment 1.00 % (2019)
Value added % GDP 0.88 % (2018)
Agriculture Value added USD 0.13 B. (2018)
Crop Production Index 94.20 (2016)
Precipitation 560 mm (2014)
Arable Land 28 % (2016)
Cereal Yield 4,798 kg/hectare (2017)
Food production index 90 (2016)
Rural Population 5 % (2018)
Fertilizer use of Arable Land 265 kg/hectare (2016)
Livestock Production Index 88 (2016)
Economy of Malta

According to the World Bank and its latest published data, the economy of the Malta presents a growth rate of 6.77 % (2018) to the previous year.

With a population that reaches 0.48 M (2018) and a gross domestic product of USD 14.55 B. (2018), it translates a Gross Domestic Product per Capita of USD 30,098 placing its inhabitants on the threshold of an High-income country (according to the World Bank's updated classification).

Malta also has a workforce of 0.23 M. (2019) with an unemployment rate of 4.63 % (2019), where women represent 3.77 % (2019) and men 3.27 % (2019), the unemployment rate for young people between 15-24 years old stood at 10.86 % (2019). The total number of dependent people stands at 52.97 % (2018).

The central government spent 16.27 % (2018) of its gross domestic product that year, which in absolute terms is USD 2.37 B. (2018). Its consolidated public debt reached 43.10 of its GDP, exceeding the 35% risk limit used by the European Union.

Regarding its international trade, Malta exported USD 21.08 B. (2018), which represents 144.87 % (2018) of its gross domestic product, in that same sense its imports reached USD 18.04 B. (2018) with a direct foreign investment of USD 4.81 B. (2018).

Malta has a forest area of 4 km² (2016), which represents 1.10 % (2016) of its total area, an average rainfall of 560 mm (2014) per year and a population of 5 % (2018) living in rural areas. With a total area of 104 km² (2016) available for agriculture and 1.00 % (2019) of its employments, the agricultural sector contributes to the economy of the Malta about USD 0.13 B. (2018) (0.88 % (2018) of its GDP).