Outstanding growth will normalize, but still well above the Eurozone average
A1
LOW RISK for enterprise
-
Economic risk
-
Business environment risk
-
Political risk
-
Commercial risk
-
Financing risk
-
Economic risk
-
Business environment risk
-
Political risk
-
Commercial risk
-
Financing risk
Last updated in January 2024.
Swipe to view more
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 |
Strengths & Weaknesses
![Strenghts](/en_global/economic-research/country-reports/Malta/_jcr_content/root/parsys/wrapper/wrapper/multi_column_grid_co/grid-0-par/wrapper_copy_copy/wrapper/image.img.82.3360.png/1720687529774/plus.png)
- Impressive post-pandemic recovery, with GDP 18% above 2019 levels
- Solid labor participation and large inflows of foreign workers
- Sound financial system
![Weaknesses](/en_global/economic-research/country-reports/Malta/_jcr_content/root/parsys/wrapper/wrapper/multi_column_grid_co/grid-1-par/wrapper_copy/wrapper/image.img.82.3360.png/1720687542983/minus.png)
- 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
Economic Overview
Trade structure by destination/origin
(% of total, 2022)
Exports | Rank | Imports |
---|---|---|
Germany
12.6%
![]() |
1 |
![]() |
China
6.8%
![]() |
2 |
![]() |
Italy
5.4%
![]() |
3 |
![]() |
France
5.3%
![]() |
4 |
![]() |
Singapore
5.2%
![]() |
5 |
![]() |
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
|
Contacts
Read our latest reports
-
Americas
-
Europe
-
Asia Pacific
-
Middle East
-
Africa