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World > Europe > Malta > Economy (Facts)

Malta - Economy (Facts)
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 fresh water supplies, and has few domestic energy sources. The economy is dependent on foreign trade, manufacturing (especially electronics and pharmaceuticals), and tourism. Continued sluggishness in the European economy is holding back exports, tourism, and overall growth.
GDP - real growth rate: 2.4% (2006 est.)
GDP (purchasing power parity): $8.411 billion (2006 est.)
GDP (official exchange rate): $5.447 billion (2006 est.)
GDP - per capita (PPP): $21,000 (2006 est.)
GDP - composition by sector: agriculture: 3%
industry: 23%
services: 74% (2003 est.)
Population below poverty line: NA
Household income or consumption by percentage share: lowest 10%: NA
highest 10%: NA
Inflation rate (consumer prices): 2.6% (2006 est.)
Labor force: 164,000 (2006 est.)
Labor force - by occupation: agriculture: 3%
industry: 22%
services: 75% (2005 est.)
Unemployment rate: 6.8% (2005 est.)
Budget: revenues: $2.503 billion
expenditures: $2.703 billion; including capital expenditures of NA (2006 est.)
Industries: tourism, electronics, ship building and repair, construction, food and beverages, pharmaceuticals, footwear, clothing, tobacco
Industrial production growth rate: NA
Electricity - production: 2.291 billion kWh (2004)
Electricity - consumption: 2.13 billion kWh (2004)
Electricity - exports: 0 kWh (2004)
Electricity - imports: 0 kWh (2004)
Oil - production: 0 bbl/day (2004 est.)
Oil - consumption: 19,000 bbl/day (2004 est.)
Oil - exports: NA bbl/day
Oil - imports: NA bbl/day
Oil - proved reserves: 0 bbl
Natural gas - production: 0 cu m (2004 est.)
Agriculture - products: potatoes, cauliflower, grapes, wheat, barley, tomatoes, citrus, cut flowers, green peppers; pork, milk, poultry, eggs
Exports: $2.425 billion f.o.b. (2006 est.)
Exports - commodities: machinery and transport equipment, manufactures
Exports - partners: France 15.3%, Singapore 13.2%, US 13%, Germany 12.5%, UK 9.5%, Japan 4.9%, Hong Kong 4.2% (2006)
Imports: $4.077 billion f.o.b. (2006 est.)
Imports - commodities: machinery and transport equipment, manufactured and semi-manufactured goods; food, drink, tobacco
Imports - partners: Italy 28%, UK 10.5%, France 8.7%, Germany 7.6%, Singapore 6.8%, US 5.6% (2006)
Debt - external: $188.8 million (2005)
Economic aid - recipient: NA
Currency: Maltese Lira (MTL)

Current Maltese Lira Exchange Rates
Historical Maltese Lira Exchange Rates
Chart Maltese Lira Exchange Rates
Currency code: MTL
Exchange rates: Maltese liri per US dollar - 0.37 (2006), 0.34578 (2005), 0.34466 (2004), 0.37723 (2003), 0.43362 (2002)
Fiscal year: calendar year


Facts at a Glance: Geography - People - Government - Economy - Communications - Transportation - Military - Current Time - Ranking Positions - Maltese Lira Exchange Rates
Notes and Commentary: People - Economy - Government and Political Conditions - Historical Highlights - Foreign Relations - Relations with U.S.



Facts at a Glance
Geography
People
Government
Economy
Communications
Transportation
Military
Current Time
Ranking Positions
Maltese Lira Exchange Rates


Notes and Commentary
People
Economy
Government and Political Conditions
Historical Highlights
Foreign Relations
Relations with U.S.





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