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 2016

GDP growth

(%) 

+5     

Inflation

(%)

0.9        

 

Unemployment rate

(%)

4.7        

Total GDP

(€)

9.9bn

Surplus

(%)

1.0%       

Debt to GDP

(%)

59.6%

FDI Stock

(€)

156.7 billion


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
Zabbar: 14,844

Other major towns:
Valletta (Capital): 5,700
Sliema: 14,189

 

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.

 

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.

 

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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    Eworld partnership with Microsoft and f5

    Discussion will focus on Cloud, Application delivery and Protection (Eworld), Azure Cloud Services and the Hybrid Cloud ...

  • January 23 2018

    World Economic Forum 2018

    The World Economic Forum Annual Meeting aims to rededicate leaders from all walks of life to developing a shared narrati...

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    Go Global Training Course

    TradeMalta is organising a 10-week training course (3 hours a week) for early-stage exporters, in collaboration with Mal...

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