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$ 770 million (Source: IMF; Data updated: 2014)

Gross Domestic Product - GDP

US$ 10 billion (2014 estimate)

GDP (Purchasing Power Parity)

12 billion of International dollars (2014 estimate)

Real GDP growth
2003 2004 2005 2006 2007 2008 2009 2010
-0.3% 0.9% 3.6% 2.6% 4.1% 3.9% -2.8% 3.3%
2011 2012 2013 2014*        
1.7% 0.9% 2.4% 1.8%        

*Estimate

GDP per capita - current prices

US$ 24,316 (2014 estimate)

GDP per capita - PPP

$28,741 International Dollars (2014 estimate)

GDP (PPP) - share of world total
1980 1990 2000 2010 2014*
N/A N/A 0.02% 0.01% 0.01%

*Estimate

 
 
Source
GDP - composition by sector
  • agriculture: 1.4% 
  • industry: 25.3% 
  • services: 73.3% (2013 estimate)
Gross domestic expenditure on R&D; (% of GDP)

N/A

 

Inflation
2011 2012 2013 2014*
2.5% 3.2% 1.0% 1.2%

*Estimate

Unemployment rate
2011 2012 2013 2014*
6.5% 6.4% 6.5% 6.3%

*Estimate

Household saving rates

N/A

Public debt (General government gross debt as a % of GDP)
2010 2011 2012 2013 2014*
66.0% 68.8% 70.8% 71.7% 72.5%

*Estimate

Public deficit (General government net lending/borrowing as a % of GDP)
2010 2011 2012 2013 2014*
-3.5% -2.7% -3.3% -2.9% -3.1%

*Estimate 

Government bond ratings

Standard & Poor's: BBB+

Moody's rating: A3

Moody's outlook: STA

(Foreign Currency Government Bond Ratings; Data last updated Sept 2014)

Market value of publicly traded shares
2010* 2011 2012**
US$2.399 billion US$3.424 billion US$3.631 billion

*2010 Estimate    **2012 Estimate 

Largest companies in Malta

N/A

 
 
Source
Current account balance

US$ 138 million (2014 estimate)

Current account balance by percentage of GDP

1.356% of GDP (2014 estimate)

Exports as percent of GDP(Exports of goods and services)

93.6% (2011)

(Data released on Oct 2014)

Shares in world total merchandising export

0.02% (2012)

(Data were released in March 2014)

Shares in world total commercial services export

0.11% (2012)

(Data were released in 2014)

Total exports

US$ 5.105 billion (2013 estimate) 

Export commodities

machinery and mechanical appliances; mineral fuels, oils and products; pharmaceutical products; printed books and newspapers; aircraft/spacecraft and parts; toys, games, and sports equipment

Total imports

US$ 7,436 billion (2013 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 8.9%, Singapore 7.1%, Libya 6.2%, France 6.2%, United States 4.4% (2013 est.)

Imports - major partners

Italy 24.6%, Germany 5.6%, United Kingdom 5.4%, Russia 5.1%, France 5% (2013 est.)

FDI inflows
2011 2012 2013
US$ 276 million US$ 4 million US$ -2,100 million
FDI outflows
2011 2012 2013  
US$ 4 million US$ -42 million US$ -7 million  
Value of cross-border M&A;, by country of purchaser
2010 2011 2012 2013
US$ 235 million US$ -16 million US$ 25 million US$ 22 million
Cross-border M&A; deals worth over $3 billion completed in 2012(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 2013(Acquiring company, Acquired company, Country of the acquired company, Value of the deal)

N/A

(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 - 189. A high ranking means the regulatory environment is more conducive to the starting and operation of a local firm.

Overall ranking: 103 out of 189 countries (2013)

Subcategories:

Starting a business: 161 out of 189 countries

Enforcing Contracts: 122 out of 189 countries

Registering Property: 77 out of 189 countries

Getting credit: 180 out of 189 countries

Protecting investors: 68 out of 189 countries

Trading across border: 34 out of 189 countries

Paying Taxes: 27 out of 189 countries

Dealing with Construction Permits: 163 out of 189 countries

Getting Electricity: 115 out of 189 countries

Resolving Insolvency: 64 out of 189 countries

(2013)

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

47

(2014-2015)

 

 

Index of Economic FreedomWSJ and Heritage Foundation

Ranking: 58 Score: 66.4 (Moderately Free) (2014)

(100=totally free 0=totally repressed )

 
 
Source
Time zone

UTC+1

Total area

316 sq km (2014)

Capital

Valletta (2014)

Currency

euros (EUR) (2014)

Government type

republic (2014)

Languages

Maltese (official) 90.1%, English (official) 6%, multilingual 3%, other 0.9% (2005 est.)

Religions

Roman Catholic (official) more than 90% (2011 est.)

Total population
1990 2000 2010 2014* 2019**
0.349 million 0.38 million 0.414 million 0.418 million 0.426 million

*Estimate    **Forecast

 
 
Source
Urban population as % of total population
1960 1980 2000 2013
90.1% 90% 92% 95%
Population median age

40.9 years (2014 est.)

Population growth rate

0.33% (2014 estimate)

Life expectancy

80.11 years (2014 estimate)

Adult literacy

92.4% (2005 estimate)

% of population living on less than $2 a day

N/A

Inequality of wealth distribution (Gini index)

N/A

Freedom House rating

Political Rights: 1
Civil Liberties: 1 (2014)

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

Total telephone subscribers as % of population

Fixed 53.9%   Mobile 129.8%
(2013)
(fixed-telephone subscribers and mobile-cellular subscribers)

Internet users as % of total population

68.91% (2013)

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)

6.2 (2010)

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2013

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