| People | Malta |
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Economy - overview:
|
Major resources are limestone, a favorable geographic location, and a productive labor force. Malta produces only about 20% of its food needs, has limited fresh water supplies, and has few domestic energy sources. The economy is dependent on foreign trade, manufacturing (especially electronics and pharmaceuticals), and tourism. Economic recovery of the European economy has lifted exports, tourism, and overall growth. Malta adopted the euro on 1 January 2008. |
GDP (purchasing power parity):
|
$9.342 billion (2007 est.) |
GDP (official exchange rate):
|
$6.45 billion (2007 est.) |
GDP - real growth rate:
|
3.4% (2007 est.) |
GDP - per capita (PPP):
|
$23,200 (2007 est.) |
GDP - composition by sector:
|
agriculture: 2.7%
industry: 22.3%
services: 74.9% (2003 est.) |
Investment (gross fixed):
|
10.7% of GDP (2007 est.) |
Population below poverty line:
|
NA% |
Household income or consumption by percentage share:
|
lowest 10%: NA%
highest 10%: NA% |
Distribution of family income - Gini index:
|
28 (2005) |
Inflation rate (consumer prices):
|
0.9% (2007 est.) |
Labor force:
|
164,000 (2006 est.) |
Labor force participation rate:
|
40.64 % of population |
Labor force - by occupation:
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agriculture: 3%
industry: 22%
services: 75% (2005 est.) |
Unemployment rate:
|
6.8% (2005 est.) |
Budget:
|
revenues: $3.316 billion
expenditures: $3.368 billion (2007 est.) |
Budget revenues per capita:
|
8,218 USD per capita |
Public debt:
|
void |
Industries:
|
tourism, electronics, ship building and repair, construction, food and beverages, pharmaceuticals, footwear, clothing, tobacco |
Industrial production growth rate:
|
NA% |
Electricity - production:
|
2.106 billion kWh (2005) |
Electricity - production per capita:
|
5,219 kWh per capita |
Electricity - consumption:
|
1.959 billion kWh (2005) |
Electricity - consumption - per capita:
|
4,855 kWh per capita |
Electricity - exports:
|
0 kWh (2005) |
Electricity - imports:
|
0 kWh (2005) |
Oil - production:
|
0 bbl/day (2005 est.) |
Oil - production per capita:
|
void |
Oil - consumption:
|
18,600 bbl/day (2005 est.) |
Oil - consumption - per capita:
|
16.82 bbl/year per capita |
Oil - exports:
|
0 bbl/day (2004) |
Oil - imports:
|
18,210 bbl/day (2004) |
Oil - proved reserves:
|
0 bbl (1 January 2006 est.) |
Natural gas - production:
|
0 cu m (2005 est.) |
Natural gas - production per capita:
|
void |
Natural gas - consumption:
|
0 cu m (2005 est.) |
Natural gas - consumption - per capita:
|
void |
Natural gas - exports:
|
0 cu m (2005 est.) |
Natural gas - imports:
|
0 cu m (2005) |
Natural gas - proved reserves:
|
0 cu m (1 January 2006 est.) |
Agriculture - products:
|
potatoes, cauliflower, grapes, wheat, barley, tomatoes, citrus, cut flowers, green peppers; pork, milk, poultry, eggs |
Current account balance:
|
-$411 million (2007 est.) |
Current account balance - per capita:
|
-1,018 USD per capita |
Exports:
|
$3.403 billion f.o.b. (2007 est.) |
Exports per capita:
|
8,434 USD per capita |
Exports - commodities:
|
machinery and transport equipment, manufactures |
Exports - partners:
|
France 15.3%, Singapore 13.2%, US 13%, Germany 12.5%, UK 9.5%, Japan 4.9%, Hong Kong 4.2% (2006) |
Imports:
|
$4.212 billion f.o.b. (2007 est.) |
Imports per capita:
|
10,438 USD per capita |
Imports - commodities:
|
machinery and transport equipment, manufactured and semi-manufactured goods; food, drink, tobacco |
Imports - partners:
|
Italy 28%, UK 10.5%, France 8.7%, Germany 7.6%, Singapore 6.8%, US 5.6% (2006) |
Reserves of foreign exchange and gold:
|
$3.522 billion (31 December 2007 est.) |
Reserves of foreign exchange and gold - per capita:
|
8,728 USD per capita |
Debt - external:
|
$188.8 million (2005) |
Debt - external - per capita:
|
468 USD per capita |
Stock of direct foreign investment - at home:
|
$NA |
Stock of direct foreign investment - abroad:
|
$NA |
Market value of publicly traded shares:
|
$4.097 billion (2005) |
Economic aid - donor:
|
void |
Economic aid - recipient:
|
$6.19 million (2004) |
Economic aid - recipient per capita:
|
16 USD per capita |
Currency (code):
|
euro (EUR) as of 1 January 2008; Maltese lira (MTL) before then |
Exchange rates:
|
euros per US dollar - 0.6795 (January 2008), Maltese liri per US dollar - 0.3106 (2007), 0.37 (2006), 0.34578 (2005), 0.34466 (2004), 0.37723 (2003) |
Fiscal year:
|
calendar year |
|
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