1UpTravel


 

You are here >1uptravel > International > Europe > Malta



ADVERTISEMENT

Country

 At a Glance

  Introduction

  Topography

  History & Culture

  Life

  Cuisine

  Holidays

  Festivals

  Embassies

  Administration

  Newstand


 Worth a Visit !!

  Cities

  Attractions

  Maps & Cities

  Shopping

  Eating Out

  Recreation

  Essentials

  Travel Links


 Country Facts

  Introduction

  Geography

  People

  Government

  Economy

  Communications

  Transportation

  Military

  Transnational issues


Related

  Malta Guide
  Malta Maps
  Malta Hotels
  Malta Flag
  More Malta Flags
  Malta Geography
  Malta Travel Warning



Travel & Tourism . Tourist Guide to the Country

Malta Economy




Malta    Economy Top of Page
Economy - overview: Major resources are limestone, a favorable geographic location, and a productive labor force. Malta produces only about 20% of its food needs, has limited freshwater supplies, and has no domestic energy sources. The economy is dependent on foreign trade, manufacturing (especially electronics and textiles), and tourism. Malta is privatizing state-controlled firms and liberalizing markets in order to prepare for membership in the European Union. However, the island is divided politically over the question of joining the EU. The sizable budget deficit remains a key concern.
GDP: purchasing power parity - $5.6 billion (2000 est.)
GDP - real growth rate: 3.4% (2000 est.)
GDP - per capita: purchasing power parity - $14,300 (2000 est.)
GDP - composition by sector: agriculture:  2.8%

industry:  25.5%

services:  71.7% (1999)
Population below poverty line: NA%
Household income or consumption by percentage share: lowest 10%:  NA%

highest 10%:  NA%
Inflation rate (consumer prices): 2.5% (2000 est.)
Labor force: 145,901 (1999)
Labor force - by occupation: industry 24%, services 71%, agriculture 5% (1999 est.)
Unemployment rate: 4.5% (3rd Quarter 2000)
Budget: revenues:  $1.6 billion

expenditures:  $1.73 billion, including capital expenditures of $265.4 million (1999)
Industries: tourism; electronics, ship building and repair, construction; food and beverages, textiles, footwear, clothing, tobacco
Industrial production growth rate: NA%
Electricity - production: 1.65 billion kWh (1999)
Electricity - production by source: fossil fuel:  100%

hydro:  0%

nuclear:  0%

other:  0% (1999)
Electricity - consumption: 1.534 billion kWh (1999)
Electricity - exports: 0 kWh (1999)
Electricity - imports: 0 kWh (1999)
Agriculture - products: potatoes, cauliflower, grapes, wheat, barley, tomatoes, citrus, cut flowers, green peppers; pork, milk, poultry, eggs
Exports: $2 billion (f.o.b., 1999)
Exports - commodities: machinery and transport equipment, manufactures
Exports - partners: US 21.4%, France 15.2%, Germany 12.6%, UK 9.3%, Italy 4.9% (1999)
Imports: $2.6 billion (f.o.b., 1999)
Imports - commodities: machinery and transport equipment, manufactured and semi-manufactured goods; food, drink, and tobacco
Imports - partners: France 19.1%, Italy 16.7%, UK 10.9%, Germany 10.0%, US 8.5% (1999)
Debt - external: $130 million (1997)
Economic aid - recipient: $NA
Currency: Maltese lira (MTL)
Currency code: MTL
Exchange rates: Maltese liri per US dollar - 0.4370 (January 2001), 0.4376 (2000), 0.3994 (1999), 0.3885 (1998), 0.3857 (1997), 0.3604 (1996)
Fiscal year: 1 April - 31 March

 

Countryfacts Information Courtesy: CIA Worldbook








Make 1Up Travel your HomepageSend this Page to a FriendGo to Top of PagePrint this PageAdd 1Up Travel to your Favorites


CHANNELS

Compare Country InfoHotel DirectoryGeographyFlagsWorld MapsTravel WarningsNational Parks

DESTINATIONS

AsiaAfricaCaribbeanMiddle EastNorth AmericaSouth AmericaCentral AmericaOceania PacificEuropePolar Regions

PHOTO SPECIAL

DestinationsMonumentsAncient WondersModern Wonders Natural Wonders

UTILITIES

World TimeISD CodesTravel Links Link Exchange

 



Disclaimer: Although we've tried to make the information on this web site as accurate as possible, we accept no responsibility for any loss, injury or inconvenience sustained by any person resulting from information published on this site. We encourage you to verify any critical information with the relevant authorities before you travel.

Copyright © 1Up Travel All Rights Reserved.
Go Up

Privacy Policy