Malta

Malta produces only about 20% of its food needs, has limited fresh water supplies, and has few domestic energy sources. Malta’s geographic position between the EU and Africa makes it a target for illegal immigration, which has strained Malta’s political and economic resources. Malta adopted the euro on 1 January 2008. Malta’s financial services industry has grown in recent years and in 2008-09 it escaped significant damage from the international financial crisis, largely because the sector is centered on the indigenous real estate market and is not highly leveraged. Locally, the restricted damage from the financial crisis has been attributed to the stability of the Maltese banking system and to its prudent risk-management practices. The global economic downturn and high electricity and water prices hurt Malta’s real economy, which is dependent on foreign trade, manufacturing - especially electronics and pharmaceuticals - and tourism, but growth bounced back as the global economy recovered in 2010. Following a 1.2% contraction in 2009, GDP grew 2% in 2010.

$10.21 billion (2010 est.)

$10.01 billion (2009 est.)

$10.13 billion (2008 est.)

$7.801 billion (2010 est.)

2% (2010 est.)

-1.2% (2009 est.)

1.5% (2008 est.)

$25,100 (2010 est.)

$24,700 (2009 est.)

$25,100 (2008 est.)

174,000 (2009 est.)

7% (2009 est.)

6% (2008 est.)

NA%

26 (2007)

14.1% of GDP (2010 est.)

72.6% of GDP (2010 est.)

69% of GDP (2009 est.)

1.7% (2010 est.)

2.1% (2009 est.)

1.75% (31 December 2009)

3% (31 December 2008)

4.47% (31 December 2009 est.)

5.89% (31 December 2008 est.)

$5.195 billion (31 December 2010 est)

$4.956 billion (31 December 2009 est)

$14.3 billion (31 December 2010 est.)

$13.74 billion (31 December 2009 est.)

$13.69 billion (31 December 2010 est.)

$12.91 billion (31 December 2009 est.)

$1.982 billion (31 December 2009)

$3.572 billion (31 December 2008)

$5.633 billion (31 December 2007)

potatoes, cauliflower, grapes, wheat, barley, tomatoes, citrus, cut flowers, green peppers; pork, milk, poultry, eggs

tourism, electronics, ship building and repair, construction, food and beverages, pharmaceuticals, footwear, clothing, tobacco, aviation services, financial services, information technology services

NA%

2.146 billion kWh (2007 est.)

1.832 billion kWh (2007 est.)

0 kWh (2009 est.)

0 kWh (2009 est.)

0 bbl/day (2009 est.)

19,000 bbl/day (2009 est.)

0 bbl/day (2009 est.)

17,910 bbl/day (2007 est.)

0 bbl (1 January 2010 est.)

0 cu m (2009 est.)

0 cu m (2009 est.)

0 cu m (2009 est.)

0 cu m (2009 est.)

0 cu m (1 January 2010 est.)

-$403 million (2010 est.)

-$491 million (2009 est.)

$2.954 billion (2010 est.)

$2.383 billion (2009 est.)

electrical machinery, mechanical appliances, fish and crustaceans, pharmaceutical products, printed material

Germany 13.3%, Singapore 12.5%, France 11.4%, US 9.4%, Hong Kong 6.5%, UK 5.9%, Italy 4.8% (2009)

$4.074 billion (2010 est.)

$3.595 billion (2009 est.)

mineral fuels and oils, electrical machinery, non-electrical machinery, aircraft and other transport equipment, plastic and other semi-manufactured goods; food, drink, tobacco

Italy 24.4%, UK 11.7%, Germany 9.3%, France 7.6%, China 4.2%, Singapore 4.11%, Switzerland 4.05% (2009)

$522 million (31 December 2010 est.)

$538.6 million (31 December 2009 est.)

$41.02 billion (30 June 2010)

$3.75 billion (2008)

$8.24 billion (31 December 2009)

$NA

euros (EUR) per US dollar - 0.7732 (2010), 0.7179 (2009), 0.6827 (2008), Maltese liri per US dollar - 0.3106 (2007), 0.37 (2006)