Malta at a Glance
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Key Facts & Figures

Located in the centre of the Mediterranean, between Europe and North Africa, Malta has established itself as a key hub for international business, commerce and trade. The Maltese Islands, with 7,000 years of history, 200 generations of civilisations and 300 days of sunshine, were just a decade ago, best known as a holiday destination. However, over recent years, the country has sought to diversify its economy beyond tourism by promoting a range of sectors and activities. 

MALTA FLAG 400X300Flag: The Malta flag was officially adopted on September 21, 1964. The flag of this island nation uses the traditional red and white colours with the George Cross (upper left), outlined in red, being added to the flag in the 1940s, as King George VI of Britain presented it to the islanders for outstanding gallantry during World War II.

Capital City: Valletta

Area/size: 316 sqm

Currency: Euro

Population: 434,403

Time: 1 hour ahead of GMT

GDP Per Capita: €21,416 


ECONOMY

European Economic Autumn Forecast 2016:

Forecasts for Malta

2016

2017

2018

GDP growth

(%, yoy) 

4,1          

3,7          

3,7

Inflation

(%, yoy)

1,0         

 

1,6          

1,8

Unemployment

(%)

5,0         

5,2          

5,2

Public budget balance

(% of GDP)

-0,7      

 

-0,6       

-0,6

Gross public debt

(% of GDP) 

62,1       

59,9

57,2

 

Current account balance

(% of GDP) 

2,0        

1,7         

3,7

 Source: European Commission, Autumn 2016

GDP composition:

Agriculture 2%

Industry 23%

Services: 75 %

Tourism: 25%

Financial Services: 13%

Construction & Real Estate: 8.4%

Information & Communication: 4.5%

Source: National Statistics Office, CountryProfiler

FDI: €136.8 billion (June 2014)

Time to start a business: 1 week

Tax rate: 35%

Main trade partners: Italy, UK, France, Germany, Spain

Sovereign Rating: 

A (Fitch 2016)

A-/A-2 (Standard & Poor’s 2017)

A3 (Moody's 2014)

Target industries:

  • Tourism
  • Financial Services
  • Life Sciences
  • Creative Industries
  • International Educational Services
  • Advanced Manufacturing
  • Transportation & Advanced Logistics
  • Maritime & Ship Management
  • Aviation


HISTORY

5 KEY MOMENTS IN HISTORY

60: Shipwreck of St Paul the Apostle

St Paul gets shipwrecked on the Maltese Islands on the way to Rome. He spends some time on the island, in the process converting the local pagan population to Christianity.

1565: Great Siege

The Knights of Malta (who arrived in 1530) together with the local population manage, against all odds, to defeat an invading Ottoman army and keep Malta a Christian bastion against Ottoman expansion.

1800: British Rule

Following the expulsion of the French by the local population with the assistance of the British, Malta becomes part of the British Empire for the next 150 years.

1964: Independence

After centuries of foreign rule, one of the smallest European nations gains independence.

2004: EU membership

Malta joins the European Union.


PEOPLE

Population: 434,403

of which:

Maltese: 93%

Foreign: 7%

Education: Adults with a university degree: 21.1% (age group: 30-34 year olds)

Religion: Roman Catholic 98%

Life expectancy: 83.6 years women, 79.2 years men

Median age: 40 years 


POLITICS

Form of Sate: Republic

2 parties: Labour Party (LP) and Nationalist Party (PN)

93% of voter participation (last general election)

President: Marie-Louise Coleiro Preca – Head of State

Prime Minister:  Dr Joseph Muscat  - Head of Government

Opposition Leader: Dr Simon Busuttil 


CLIMATE & ENVIRONMENT

Sunshine: 300 days of sunshine/year

Temperature average: Winter 12 C, Summer 31 C

Annual rainfall: 600 mm 


LIVING / CULTURE

Crime: 43 offences per 1000 persons (UK: 98 offences/1000 persons)

Main Media:

  • Times of Malta
  • The Malta Independent
  • Malta Today
  • TVM

Fixed Internet Broadband Penetration: 35.3 % (2014)

Mobile penetration rate: 127.4 per cent (2014)

Divorce: Legal since 2011       

Abortion: Illegal

Same sex unions: Legal since 2014   

Major airlines flying to the country:                

  • Air Malta               
  • Ryanair                
  • easyJet               
  • Lufthansa          
  • Alitalia                  
  • Turkish Airlines 
  • Emirates

Source: Malta International Airport

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