Malta at a Glance

Key Facts & Figures

The Maltese Islands 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.

 

Country

Location: Southern Europe

Official Name: Republic of Malta

Area: 316 km2

Shoreline Malta: 200 km

Shoreline Gozo and Comino: 71.2 km

Population: 434,403

Maltese: 94%

Foreign: 6%


Malta's economy in 2017

GDP growth

(%)

+6.9

Inflation

(%)

1.3

 

Unemployment rate

(%)

4.2

Surplus

(%)

1.0

Debt to GDP

(%)

54.9

FDI Stock

(€)

161.4 billion

Source: European Economic Forecast, Autumn 2017

Source: Winter 2018 Economic Forecast



Selected Sector Rankings

Soundness of banks

16th

FDI and Technology Transfer

21st

Strength of auditing and reporting standards

15th

Country capacity to attract talent

21st

Quality of the education system

19th

Affordability of financial services

30th

Transparency of government policy making

30th

Source: World Economic Forum, Global Competitiveness Index 2016-2017 



Key Facts

Days of sunshine a year

300

Temperature Average

 

Winter

Summer

 

 

12 C°

31 C°

Annual rainfall

600mm

Languages

Maltese & English

Time

GMT+1

Currency

Euro

International Dialling Code

+356

Religion

Roman Catholic


Corporate, Taxation & Sovereign Ratings

Double Taxation Treaties

70+

Accounting Standards

IFRS

Corporate Tax

35%

Fiscal Year

Calendar Year

Sovereign Ratings

A/F1 (Fitch, 2016)

A3 (Moody’s, 2016)

A-/A-2 (Standard & Poor’s, 2017)

 


Main towns by population:

Birkirkara: 21,889

Mosta: 19,795

St Paul’s Bay: 17,443

Qormi: 16,443

Sliema: 14,189

Zabbar: 14,844

Valletta (Capital): 5,700

 

Malta International Airport, Luqa

 

Major Airlines flying to the country

- Air Malta

- Ryanair

- Alitalia

- easyJet

- Wizz

- Emirates

- Lufthansa

- Vueling

- Turkish Airlines

- British Airways

 

Malta International Airport is the island’s only airport and is located between the villages of Luqa and Gudja, some 10 kilometres away from Valletta.

 

St John's Co-Cathedral, Valletta

 

Valletta

Valletta is Malta’s capital city, which was built by the Knights of St John in the 16th century. While it has long been the country’s political centre and a must-see destination for history lovers, many new bars, restaurants and boutique hotels have brought a hip vibe to the city that is set to lure more visitors when Valletta takes over the role of European Capital of Culture in 2018.

 

Sliema/St. Julian's

Sliema and St Julian’s were once just small fishing villages, but now host many five-star hotels, apartment complexes and shopping outlets. Both villages are connected via a long and winding coastal promenade overlooking rocky beaches, play grounds and gardens. While St Julian’s adjoins the small nightlife enclave of Paceville, Sliema is a also a popular place to live for the island’s expat community.

 

Balluta Bay  

 

Gozo

Gozo is Malta’s smaller sister island and is home to some 37,000 people. It only takes a short ferry ride of 15 minutes to reach Gozo from Malta. Gozo is more rural and known for its scenic hills, it is also rated as one of the best scuba diving holiday spots in the Mediterranean.

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