Malta


Malta Country Report: GDP data and GDP forecasts; economic, financial and trade information; the best banks in Malta; country and population overview

DATA ON GDP AND ECONOMIC INFORMATION
Central bank Central Bank of Malta
Malta is part of the Eurosystem and the European Central Bank
International Reserves US$ 515.098 million (Source: IMF; Data updated: 2012)
Gross Domestic Product - GDP US$ 8.712 billion (2010 estimate)
GDP (Purchasing Power Parity) 11.03 billion of International dollars (2010 estimate)
Real GDP growth
2001 2002 2003 2004 2005 2006 2007 2008
-1.6% 2.6% -0.3% 0.9% 4% 3.6% 3.7% 4.1%
2009 2010 2011 2012*
-2.7% 2.3% 2.1% 1.2%

*Estimate

GDP per capita - current prices US$ 20,437 (2008 estimate)
GDP per capita - PPP $25,875 International Dollars (2008 estimate)
GDP (PPP) - share of world total
1980 1990 2000 2010 2015**
N/A N/A 0.02% 0.01% 0.01%

**Forecast

GDP - composition by sector
  • agriculture: 1.9% 
  • industry: 17.2% 
  • services: 80.9% (2010 estimate)
  • (Data released on February 2012)

Gross domestic expenditure on R&D (% of GDP) N/A

(Data released on March 2012)

Inflation
2009 2010 2011 2012*
1.8%(2008) 2% 2.4% 2%

*Estimate

Unemployment rate
2009 2010 2011 2012*
6.9% 6.9% 6.4%(2009) 6.6%

*Estimate

Household saving rates N/A

(Data released on December 2011)

Public debt (General government gross debt as a % of GDP)
2008 2009 2010 2011 2012*
62.3% 68% 69.4% 70.9% 71.4%

*Estimate

Public deficit (General government net lending/borrowing as a % of GDP)
2008 2009 2010 2011* 2012**
-4.6% -3.7% -3.6% -3% -2.7%

*Estimate    **Forecast

Government bond ratings

Standard & Poor's: A-

Moody's rating: A3

Moody's outlook: NEG

(Foreign Currency Government Bond Ratings; Data last updated Dec 2011 and Nov 2012)

Market value of publicly traded shares
2009 2010 2011
US$1.982 billion US$2.399 billion US$3.424 billion
Largest companies in Malta N/A
DATA ON TRADE AND COMPETITIVENESS
Current account balance US$ -261 million (2010 estimate)(After 2008)
Current account balance by percentage of GDP -3% of GDP (2010 estimate)(2009)
Exports as percent of GDP

(Exports of goods and services)

85.2% (2010)

(Data released on April 2012)

Shares in world total merchandising export 0.02%(2007)

(Data were released in 2012 and refer to 2011)

Shares in world total commercial services export 0.11% (2011)(2007)

(Data were released in 2012)

Total exports US$3.67 billion (2012 estimate) 
Export commodities machinery and mechanical appliances; mineral fuels, oils and products; pharmaceutical products; printed books and newspapers; aircraft/spacecraft and parts thereof; toys, games, and sports requisites
Total imports US$4.648 billion (2012 estimate) 
Import commodities 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
Exports - major partners Germany 14.8%, France 9.3%, Italy 6.9%, UK 6.9% (2009 estimate)
Imports - major partners Italy 31.8%, France 8.6%, UK 8%, Germany 6.9% (2009 estimate)
FDI inflows
2009 2010 2011
US$746 million US$1,063 million(2009) US$539 million(2009)
FDI outflows
2009 2010 2011
US$114 million US$57 million US$21 million
Value of cross-border M&A, by country of purchaser
2008 2009 2010 2011
US$-25 million N/A(2009) US$235 million(2009) US$13 million
Cross-border M&A deals worth over $3 billion completed in 2010

(Acquiring company, Acquired company, Country of the acquired company, Value of the deal)

N/A

(for a monthly update on M&A click here )

Cross-border M&A deals worth over $3 billion completed in 2011

(Acquiring company, Acquired company, Country of the acquired company, Value of the deal)

N/A(2008 estimate)

(for a monthly update on M&A click here )

Best countries for doing business

World Bank/IFC Doing Business Project

(Economies are ranked on their ease of doing business, from 1 - 185. A high ranking means the regulatory environment is more conducive to the starting and operation of a local firm.)

Overall ranking: 102 out of 185 countries(2009) (2013)

Subcategories:

Starting a business: 150 out of 185 countries(2009)

Enforcing Contracts: 121 out of 185 countries

Registering Property: 80 out of 185 countries

Getting credit: 176 out of 185 countries

Protecting investors: 70 out of 185 countries

Trading across border: 34 out of 185 countries

Paying Taxes: 27 out of 185 countries

Dealing with Construction Permits: 167 out of 185 countries

Getting Electricity: 111 out of 185 countries

Resolving Insolvency: 67 out of 185 countries

(2013)

Global competitiveness ranking
(ranking by country on a basis of 144, the first is the best)
47

(2012)

Index of Economic Freedom

WSJ and Heritage Foundation

Ranking: 50 Score: 67.0 (Moderately Free) (2009)

(100=totally free 0=totally repressed )

COUNTRY AND POPULATION OVERVIEW
Time zone UTC+1
Total area 316 km2 (2006)
Capital Valletta (2009)
Currency euros (EUR) (2009)
Government type republic (2009)
Languages Maltese (official) 90.2%, English (official) 6%, multilingual 3%, other 0.8% (2005 census)
Religions Roman Catholic 98%
Total population
1980 1990 2000 2012* 2017**
0.32 million 0.35 million 0.39 million 0.43 million 0.44 million

*Estimate    **Forecast

Urban population as % of total population
1960 1980 2000 2011
90.1% 89.8% 92.4% 94.8%
Population median age 39 years (2010)
Population growth rate 0.7% (2011)
Life expectancy 79 years (2010)
Adult literacy 92% (2005/2010)
% of population living on less than $2 a day N/A
Inequality of wealth distribution (Gini index)

N/A

(Data were released in 2011, 0=perfect equality, 100=absolute inequality)

Freedom House rating

Political Rights:1
Civil Liberties:1 (2011)

(1 represents the most free, 7 the least free)

Total telephone subscribers as % of population

179.75% (2011)

(sum of fixed telephone lines and mobile cellular subscribers)

Internet users as % of total population 69.22% (Data were released in 2012 and refer to 2011)
Cost of living - Mercer index

(ranking by city on a basis of 214; the 1st is the most expensive and the 214th is the least expensive)

N/A

CO2 emissions
(Metric tons of CO2 per capita)

6.0137 (Data were released in 2012 and refer to 2009)

GLOBAL FINANCE RANKINGS AND AWARDS

WORLD'S BEST TRADE FINANCE BANKS & PROVIDERS

2013:
  • COUNTRY WINNERS Bank of Valletta (National, 2013)
2012:
  • COUNTRY WINNERS FIMBank (Latin America, 2012)
2011:
  • COUNTRY WINNERS HSBC Bank Malta (Latin America, 2011)
2010:
  • COUNTRY WINNERS HSBC Bank Malta (National, 2010)

WORLD'S BEST INTERNET BANKS

2012:
  • COUNTRY WINNERS / Best Corporate / Institutional Internet Banks Bank of Valletta (Latin America, 2012)
  • REGIONAL SUB-CATEGORY WINNERS / Best Corporate / Institutional Internet Banks / Best Web Site Design Bank of Valletta (Latin America, 2012)
  • COUNTRY WINNERS / Best Consumer Internet Banks Bank of Valletta (Latin America, 2012)
2010:
  • COUNTRY WINNERS / Best Consumer Internet Banks HSBC (National, 2010)
2009:
  • COUNTRY WINNERS / Best Consumer Internet Banks HSBC (National, 2009)

WORLD'S BEST EMERGING MARKET BANKS

2012:
  • COUNTRY WINNERS Bank of Valletta (Latin America, 2012)
2011:
  • COUNTRY WINNERS Bank of Valletta (National, 2011)
2010:
  • COUNTRY WINNERS Bank of Valletta (National, 2010)
2009:
  • COUNTRY WINNERS HSBC Bank Malta (Latin America, 2009)

CENTRAL BANKER REPORT CARD

2010:
ARTICLES AND COUNTRIES REPORTS FROM GLOBAL FINANCE ARCHIVE