Malta:
Economy

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Other pages in this profile of Malta:
Geography, People, Government, Communications & Transportation, Military & Transnational Issues.


Economy - overview	Definition 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)	Definition - World rank and map $9.396 billion (2007 est.)
GDP (official exchange rate)	Definition $7.419 billion (2007 est.)
GDP - real growth rate	Definition - World rank and map 3.8% (2007 est.)
GDP - per capita	Definition - World rank and map $22,900 (2007 est.)
GDP - composition by sector	Definition agriculture: 2.7% industry: 22.3% services: 74.9% (2003 est.)
Labor force	Definition 164,000 (2006 est.)
Labor force - by occupation	Definition agriculture: 3% industry: 22% services: 75% (2005 est.)
Unemployment rate	Definition - World rank and map 6.3% (2007 est.)
Population below poverty line	Definition NA%
Household income or consumption by percentage share	Definition lowest 10%: NA% highest 10%: NA%
Distribution of family income - Gini index	Definition - World rank and map 28 (2005)
Inflation rate (consumer prices)	Definition - World rank and map 0.7% (2007 est.)
Investment (gross fixed)	Definition - World rank and map 16.9% of GDP (2007 est.)
Budget	Definition revenues: $3.479 billion expenditures: $3.549 billion (2007 est.)
Agriculture - products	Definition potatoes, cauliflower, grapes, wheat, barley, tomatoes, citrus, cut flowers, green peppers; pork, milk, poultry, eggs
Industries	Definition tourism, electronics, ship building and repair, construction, food and beverages, pharmaceuticals, footwear, clothing, tobacco
Industrial production growth rate	Definition - World rank and map NA%
Electricity - production	Definition - World rank and map 2.106 billion kWh (2005)
Electricity - consumption	Definition - World rank and map 1.959 billion kWh (2005)
Electricity - consumption per capita	Definition - World rank and map 4,854.7 kWh (2005)
Electricity - exports	Definition 0 kWh (2005)
Electricity - imports	Definition 0 kWh (2005)
Oil - production	Definition - World rank and map 0 bbl/day (2005 est.)
Oil - consumption	Definition - World rank and map 18,600 bbl/day (2005 est.)
Oil - consumption per 1,000 people	Definition - World rank and map 46.1 bbl/day (2005 est.)
Oil - exports	Definition - World rank and map 0 bbl/day (2004)
Oil - imports	Definition - World rank and map 18,210 bbl/day (2004)
Oil - proved reserves	Definition - World rank and map 0 bbl (1 January 2006 est.)
Natural gas - production	Definition - World rank and map 0 cu m (2005 est.)
Natural gas - consumption	Definition - World rank and map 0 cu m (2005 est.)
Natural gas - consumption per capita	Definition - World rank and map 0 cu m (2005 est.)
Natural gas - exports	Definition - World rank and map 0 cu m (2005 est.)
Natural gas - imports	Definition - World rank and map 0 cu m (2005)
Natural gas - proved reserves	Definition - World rank and map 0 cu m (1 January 2006 est.)
Current account balance	Definition - World rank and map -$459 million (2007 est.)
Exports	Definition - World rank and map $3.278 billion f.o.b. (2007 est.)
Exports - commodities	Definition machinery and transport equipment, manufactures
Exports - partners	Definition Singapore 14.4%, Germany 13.7%, France 12.6%, US 11.3%, UK 10%, Hong Kong 6.1%, Japan 4.9%, Italy 4% (2006)
Imports	Definition - World rank and map $4.113 billion f.o.b. (2007 est.)
Imports - commodities	Definition machinery and transport equipment, manufactured and semi-manufactured goods; food, drink, tobacco
Imports - partners	Definition Italy 26%, UK 15%, France 9.5%, Germany 8.8%, Singapore 5.2% (2006)
Reserves of foreign exchange and gold	Definition - World rank and map $3.694 billion (31 December 2007 est.)
Debt - external	Definition - World rank and map $188.8 million (2005)
Stock of direct foreign investment - at home	Definition $NA
Stock of direct foreign investment - abroad	Definition $NA
Market value of publicly traded shares	Definition $4.097 billion (2005)
Economic aid - recipient	Definition $6.19 million (2004)
Currency (code)	Definition euro (EUR) as of 1 January 2008; Maltese lira (MTL) before then
Exchange rates	Definition 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	Definition calendar year

Malta: Economy

Malta:
Economy