Topic
World
Business | Europe
Online | Europe
Business | Malta
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 no domestic energy sources. The economy is dependent
on foreign trade, manufacturing (especially electronics and textiles),
and tourism. Continued sluggishness in the European economy is holding
back exports, tourism, and overall growth. |
Accommodations - Places to Stay
Malta
Hotels
Europe
Hotels
International
Hotel Search
Agriculture
potatoes, cauliflower, grapes, wheat,
barley, tomatoes, citrus, cut flowers, green peppers; pork, milk, poultry,
eggs
Airlines
Airlines
in Europe
Airlines
Worldwide
Airports
Airports
in Europe
Airports
Worldwide
Country Budget
revenues: $2.27 billion
expenditures: $2.549 billion, including
capital expenditures of NA (2004 est.)
Currency (code)
Maltese lira (MTL)
Currency Exchange Rate
Maltese liri per US dollar - 0.3444
(2004), 0.3773 (2003), 0.4337 (2002), 0.4501 (2001), 0.4382 (2000)
Fiscal Year
1 April - 31 March
GDP (Gross Domestic Product)
GDP (purchasing power parity):
$7.223 billion (2004 est.)
GDP - real growth rate: 1%
(2004 est.)
GDP - per capita: purchasing
power parity - $18,200 (2004 est.)
GDP - composition by sector:
agriculture: 3%
industry: 23%
services: 74% (2003 est.)
Imports / Exports
Exports: $2.625 billion f.o.b.
(2004 est.)
Exports - commodities: machinery
and transport equipment, manufactures
Exports - partners: US 15.7%,
France 15.5%, Singapore 14.5%, UK 11.2%, Germany 10.8% (2004)
Imports: $3.407 billion f.o.b.
(2004 est.)
Imports - commodities: machinery
and transport equipment, manufactured and semi-manufactured goods; food,
drink, and tobacco
Imports - partners: Italy
25.4%, France 13.1%, UK 12%, Germany 8.9%, US 5.2%, Singapore 4.1% (2004)
Industries
tourism; electronics, ship building
and repair, construction; food and beverages, textiles, footwear, clothing,
tobacco
Investing
Forex,
Foreign Exchange Market: Currency Trading
Labor Force & Unemployment Rate
Labor force: 160,000 (2002
est.)
Labor force - by occupation:
agriculture 5%, industry 24%, services 71% (1999 est.)
Unemployment rate: 7% (2003
est.)
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