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    Malta Economy - 2004
    https://immigration-usa.com/wfb2004/malta/malta_economy.html
    SOURCE: 2004 CIA WORLD FACTBOOK

      Economy - overview:
      Major resources are limestone, a favorable geographic location, and a productive labor force. Malta produces only about 20% of its food needs, has limited fresh water supplies, and has no domestic energy sources. The economy is dependent on foreign trade, manufacturing (especially electronics and textiles), and tourism. Malta is privatizing state-controlled firms and liberalizing markets in order to prepare for membership in the European Union. The island remains divided politically, however, over the question of joining the EU. Continued sluggishness in the global economy is holding back exports, tourism, and overall growth.

      GDP:
      purchasing power parity - $7.082 billion (2003 est.)

      GDP - real growth rate:
      0.8% (2003 est.)

      GDP - per capita:
      purchasing power parity - $17,700 (2003 est.)

      GDP - composition by sector:
      agriculture: 3%
      industry: 23%
      services: 74% (2002 est.)

      Population below poverty line:
      NA%

      Household income or consumption by percentage share:
      lowest 10%: NA%
      highest 10%: NA%

      Inflation rate (consumer prices):
      0.8% (2003 est.)

      Labor force:
      160,000 (2002 est.)

      Labor force - by occupation:
      industry 24%, services 71%, agriculture 5% (1999 est.)

      Unemployment rate:
      7% (2003 est.)

      Budget:
      revenues: $1.5 billion
      expenditures: $1.6 billion, including capital expenditures of $NA (2000)

      Industries:
      tourism; electronics, ship building and repair, construction; food and beverages, textiles, footwear, clothing, tobacco

      Industrial production growth rate:
      NA%

      Electricity - production:
      1.768 billion kWh (2001)

      Electricity - production by source:
      fossil fuel: 100%
      hydro: 0%
      other: 0% (2001)
      nuclear: 0%

      Electricity - consumption:
      1.644 billion kWh (2001)

      Electricity - exports:
      0 kWh (2001)

      Electricity - imports:
      0 kWh (2001)

      Oil - production:
      0 bbl/day (2001 est.)

      Oil - consumption:
      20,000 bbl/day (2001 est.)

      Oil - exports:
      NA

      Oil - imports:
      NA

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

      Exports:
      $2.175 billion f.o.b. (2003 est.)

      Exports - commodities:
      machinery and transport equipment, manufactures

      Exports - partners:
      Singapore 17.3%, US 11.4%, UK 9.4%, Germany 9.2%, France 7.3%, China 6.5%, Italy 5.9% (2002)

      Imports:
      $2.761 billion f.o.b. (2003 est.)

      Imports - commodities:
      machinery and transport equipment, manufactured and semi-manufactured goods; food, drink, and tobacco

      Imports - partners:
      Italy 18.2%, France 12%, South Korea 11.3%, UK 7.5%, Germany 5.3%, Singapore 5.3%, Japan 4.9%, US 4.6%, Spain 4.2% (2002)

      Debt - external:
      $130 million (1997)

      Economic aid - recipient:
      $NA

      Currency:
      Maltese lira (MTL)

      Currency code:
      MTL

      Exchange rates:
      Maltese liri per US dollar - 0.38 (2003), 0.43 (2002), 0.45 (2001), 0.44 (2000), 0.4 (1999)

      Fiscal year:
      1 April - 31 March


      NOTE: The information regarding Malta on this page is re-published from the 2004 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Malta Economy 2004 information contained here. All suggestions for corrections of any errors about Malta Economy 2004 should be addressed to the CIA.

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    https://immigration-usa.com/wfb2004/malta/malta_economy.html

    Revised 21-May-04
    Copyright © 2004 Photius Coutsoukis (all rights reserved)


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