Corporate Tax Rates by Country 2015

Corporate Tax Rates by Country 2015

Taxes paid by corporations can be measured in a number of ways, including the marginal corporate tax rate and the total taxes paid as a percentage of profits.

 
 
Source
Central bank

Central Bank of Malta

International Reserves

USD 1.0 billion (2018)

International Monetary Fund (IMF), data retrieved October 2019

Gross Domestic Product - GDP

USD 14.5 billion (2018, estimate)

GDP (Purchasing Power Parity)

Intl$ 21.3 billion (2018, estimate)

Real GDP growth
2007 2008 2009 2010 2011 2012 2013
4% 3.3% -2.4% 3.5% 1.4% 2.7% 4.6%
2014 2015 2016 2017* 2018*    
8.6% 10.6% 5.7% 6.7% 6.4%    

*Estimate

GDP per capita - current prices

USD 31,058.4 (2018, estimate)

GDP per capita - PPP

Intl$ 45,605.9 (2018, estimate)

GDP (PPP) - share of world total
1980 1990 2000 2010 2019*
N/A N/A 0.02% 0.01% 0.02%

*Estimate

 
 
Source
GDP - composition by sector
  • agriculture: 0.9% 
  • industry: 12% 
  • services: 75%

(2018 estimate)

Gross domestic expenditure on R&D; (% of GDP)

N/A

 

Inflation
2015 2016 2017 2017* 2018*
1.2% 0.9% 1.3% 1.7% 1.7%

*Estimate

Unemployment rate
2015 2016 2017 2018* 2019*
5.4% 4.7% 4% 3.7% 3.8%

*Estimate

Household saving rates

N/A

Public debt (General government gross debt as a % of GDP)
2015 2016 2017 2018* 2019*
57.8% 55.5% 50.3% 45.2% 42.3%

*Estimate

Public deficit (General government net lending/borrowing as a % of GDP)
2015 2016 2017 2018* 2019*
-1.1% 0.9% 3.4% 2% 0.5%

*Estimate

Government bond ratings

Standard & Poor's: A-

Moody's: A2

Standard & Poor's / Moody's 

Market value of publicly traded shares
2016 2017 2018
USD 4.4 billion USD 5.2 billion USD 5.1 billion
Largest companies

N/A

 
 
Source
Current account balance

USD 1.4 billion (2018 estimate)

Current account balance by percentage of GDP

9.8 % (2018 estimate)

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

144.6% (2018)

Shares in world total merchandising export

0.02% (2018)

Shares in world total commercial services export

0.26% (2018)

Total exports

USD 18.6 billion (2018 estimate)

Export commodities

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

Total imports

USD 15.9 billion (2018 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

Exports - major partners

Germany 17.3%, France 10.2%, Italy 9.4%, Singapore 5.9%, Hong Kong 5.8%, US 5.7%, Japan 4.9%, Libya 4.5% (2017)

Imports - major partners

Italy 23%, Germany 7.9%, UK 7.7%, Spain 5%, Canada 4.5%, US 4.3%, France 4.2% (2017)

FDI inflows
2016 2017 2018
USD 4,246 million USD 3,566 million USD 4,061 million
FDI outflows
2016 2017 2018
USD -5,294 million USD -7,052 million USD -7,326 million
Value of cross-border M&A, by country of purchaser
2015 2016 2017 2018
USD 2,699.8 million USD -1,139.4 million USD 115.4 million USD 0.8 million
Cross-border M&A deals worth over $3 billion completed in 2014

N/A

Cross-border M&A deals worth over $3 billion completed in 2015

N/A

Best countries for doing business

Economies are ranked on their ease of doing business. A high ease of doing business ranking means the regulatory environment is more conducive to the starting and operation of a local firm.

Overall ranking:

88 out of 190 countries

​Subcategories:
Starting a Business: 86 out of 190 countries
Dealing with Construction Permits: 57 out of 190 countries
Getting Electricity: 73 out of 190 countries
Registering Property: 152 out of 190 countries
Getting Credit: 144 out of 190 countries
Protecting Minority Investors: 51 out of 190 countries
Paying Taxes: 78 out of 190 countries
Trading across Borders: 48 out of 190 countries
Enforcing Contracts: 41 out of 190 countries
Resolving Insolvency: 121 out of 190 countries

Global competitiveness ranking

38 out of 141 countries

(2019)

Index of Economic Freedom

Ranking: 41 / Score: 68.6 (Moderately free)

(100=totally free 0=totally repressed)

 
 
Source
Time zone

UTC+1

Total area

316 sq km

Capital

Valletta

Currency

Euros (EUR)

Government type

Parliamentary republic

Languages

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

Religions

Roman Catholic (official) more than 90% (2006 est.)

Total population
1990 2000 2010 2015 2020*
0.35 million 0.39 million 0.41 million 0.44 million 0.49 million

*Estimate

 
 
Source
Urban population as % of total population
1960 1980 2000 2018
90.1% 89.8% 92.4% 94.6%
Population median age

41.8 years

Population growth rate

0.99% (2018 estimate)

Life expectancy

82.7 years (2018 estimate)

Literacy

Total population: 94.4% 
Male: 93.1% 
Female: 95.8%
Definition: age 15 and over can read and write (2015 est.)

% of population living on less than $3.10 a day

0.2% (last available estimate, 2015)

Inequality of wealth distribution (Gini index)

29.4 (last available estimate, 2015)

Freedom House rating

Free
Political Rights: 2
Civil Liberties: 1 (2019)
(1 represents the most free, 7 the least free rating)

Source
Total telephone subscribers as % of population

Fixed: 58.2% Mobile: 140.2% (2018)
(fixed-telephone subscribers and mobile-cellular subscribers)

Internet users as % of total population

81.4 % (2018)

Mercer Cost of living index

N/A

CO2 emissions

5.4 metric tons per capita (2014)

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