BEST BANKS 2014: EUROPE

BEST BANKS 2014: EUROPE

The region battled continuing recession or, at best, slow growth, a tightening regulatory environment and country-specific banking taxes or fines for past misdemeanors.

 
 
Source
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)

Source
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

 
 
Source
GDP - composition by sector

(Data released on February 2012)

  • agriculture: 1.9% 
  • industry: 17.2% 
  • services: 80.9% (2010 estimate)
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

 
 
Source
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) 

 
 
Source
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 FreedomWSJ and Heritage Foundation

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

(100=totally free 0=totally repressed )

 
 
Source
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

 
 
Source
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)

Source
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

Source
CO2 emissions(Metric tons of CO2 per capita)

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

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