Outstanding growth will normalize, but still well above the Eurozone average
A1
LOW RISK for enterprise
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Economic risk
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Business environment risk
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Political risk
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Commercial risk
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Financing risk
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Economic risk
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Business environment risk
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Political risk
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Commercial risk
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Financing risk
Last updated in January 2024.
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GDP | USD17.8bn (World ranking 125, World Bank 2022) |
Population | 0.5mn (World ranking 172, World Bank 2022) |
Form of state | Republic |
Head of government | Robert Abela (PM) |
Next elections | 2024, Presidential |
- Impressive post-pandemic recovery, with GDP 18% above 2019 levels
- Solid labor participation and large inflows of foreign workers
- Sound financial system
- Fiscal deficits remain large, stretched by pandemic and energy crises
- Strong dependency on foreign financial flows
- Corruption and money laundering fears have not fully dissipated
Trade structure by destination/origin
(% of total, 2022)
Exports | Rank | Imports |
---|---|---|
Germany
12.6%
|
1 |
13.5%
Italy
|
China
6.8%
|
2 |
7.8%
China
|
Italy
5.4%
|
3 |
7.0%
Russian Federation
|
France
5.3%
|
4 |
6.7%
Germany
|
Singapore
5.2%
|
5 |
6.3%
Korea, Republic of
|
Trade structure by product
(% of total, 2022)
Exports | Rank | Imports |
---|---|---|
Telecommunication and sound recording apparatus
22.6%
|
1 |
26.3%
Petroleum, petroleum products and related materials
|
Petroleum, petroleum products and related materials
16.2%
|
2 |
24.7%
Other transport equipment
|
Medicinal and pharmaceutical products
11.5%
|
3 |
3.7%
Telecommunication and sound recording apparatus
|
Electrical machinery, apparatus and appliances, n.e.s.
8.7%
|
4 |
3.7%
Electrical machinery, apparatus and appliances, n.e.s.
|
Fish, crustaceans, molluscs and preparations thereof
5.0%
|
5 |
2.7%
Medicinal and pharmaceutical products
|
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