Includes historical data for Malta’s Gross Domestic Product growth, debt-to-GDP ratio and more, as well as information on trade, banking and financial sector leadership.
Economy Benefits From Strategic Location And Tourism
The Republic of Malta, a small island located south of Sicily between Europe and North Africa, benefits from its strategic central location at the crossroads of the Suez Canal and Gibraltar, one of the world’s busiest shipping lanes. Known for its political stability, welcoming business environment, and low taxation, it attracts significant investment from around the world. As the EU’s smallest country in terms of geographic size, the economy of this country of about 550,000 is primarily service-based, with key sectors including tourism, shipping, financial services, online gambling and emerging technologies such as Blockchain and AI. An English-speaking workforce enhances Malta’s appeal. Weaknesses, however, persist, including bureaucratic inefficiencies and a lack of transparency that can discourage entrepreneurial activity, inadequate infrastructure and a shortage of skilled domestic labor.
Macroeconomy & Sovereign Data
| Type of Government | Parliamentary republic |
|---|---|
| Capital | Valletta |
| Sovereign Ratings |
S&P: A– Moody’s: A2 Fitch: A+ |
| Total Population | 55,000 |
| Median Age | 40.3 |
| Adult Per Capita Income (PPP) | 53,047.90 |
| Total GDP (2023) | 22.7 billion |
Malta GDP & Economic Overview
Most Recent Content
Malta
Awards
BEST BANKS 2014: EUROPE
Capital Raising & Corporate Finance
ANNUAL SURVEY: WORLD’S BEST BANKS 2014
Banking & Finance
Trade & Investment
| Total Exports | USD 22.1 billion (2023) |
|---|---|
| Leading Exports |
Integrated Circuits Refined Petroleum Packaged Medicines Postage Stamps Children’S Toys And Stuffed Animals Ships |
| Total Imports | USD 5.9 billion (2022) |
| Leading Imports |
Refined Petroleum Recreational Boats Ships Aircraft Coal Tar Oil |
| Source: | World Integrated Trade Solution |
Malta Leading Companies
| Bank of Valletta | Financials |
|---|---|
| APS Bank | Financials |
| Simonds Farsons Cisk | Consumer Staples, Food & Beverages |
| Melita | Telecommunication Services |
| Mapfre Msv Life | Insurance |
| Kindred Group | Consumer Discretionary, Gambling |
| Enemalta | Electric Utilities |
Major Trade Partners — Import
| Italy | 24% |
|---|---|
| United Kingdom | 7% |
| France | 7% |
| Canada | 7% |
| Spain | 6% |
Source: World Integrated Trade Solution
Major Trade Partners — Export
| Germany | 14% |
|---|---|
| Italy | 8% |
| France | 6% |
| Japan | 6% |
| Singapore | 4% |
Source: World Integrated Trade Solution
Global Finance Rankings & Awards
Data Sources:
UN World Population Prospects
World Inequality Report
S&P Global Ratings
Moody’s
Fitch Ratings
IMF Direction of Trade Statistics (DOTS)
UN Conference on Trade and Development (UNCTAD)
CIA The World Factbook
World Bank’s World Integrated Trade Solution
Forbes Global 2000