MALTA A V I B R A N T E C O N O M Y O P E N F O R B U S I N E S S
LAND AREA 316km 2 POPULATION 493,559 CAPITAL CITY VALLETTA OFFICIAL LANGUAGES MALTA MALTESE F A C T S & ENGLISH & F I G U R E S
2008 EURO ADOPTED AS OFFICIAL CURRENCY 2007 MEMBER OF MALTA SCHENGEN E U A C C E S S I O N 2004 EU MEMBER
ECONOMIC INDICATOR DATE Malta Euro-19 EU-28 EU Rank 2018 +6.8% +1.9% +2.0% 2nd Real GDP Growth 2019 f +5.0% +1.1% +1.4% 2nd NOV 2019 3.5% 7.5% 6.3% 4th Unemployment Q3 (‘19 on ‘18) +4.7% +0.9% +0.8% 1st Employment Growth MALTA GDP per Capita Growth 2018 +3.6% +1.6% +1.7% 9th A S T A B L E Source: Autumn 2019 Economic Forecast – European Commission E C O N O M Y
FITCH SCOPE MOODY’S DBRS STANDARD & POOR’S A+ A+ A+ A+ A2 A2 A high A- A high A- MALTA U P G R A D E S B Y C R E D I T R A T I N G A G E N C I E S Last updated: 11-09-2019
10% 14% Other sectors Arts, entertainment, & recreation (<5% of GVA) (mainly iGaming) 5% Accommodation & food service (tourism) 5% 10% Education MALTA Wholesale & retail trade S T R U C T U R E 6% O F Public admin & defence T H E 8% Manufacturing E C O N O M Y 6% Human health & social work 8% 6% Professional, scientific, Financial & insurance & technical 6% 7% 6% Admin & support services Transportation & storage ICT Composition of Malta’s Economy (2018)
- At US$38,000, Malta has the 30th highest GDP per capita in the world (Source: World Bank) - Companies assisted by ME generated over €2bn in exports in 2017, equivalent to 3/4 of Malta’s goods exports excl. fuels MALTA E C O N O M I C 8.7% 8.4% PROFESSIONAL, G R O W T H MANUFACTURING SCIENTIFIC & TECHNICAL SERVICES 3.6% INFORMATION & COMMUNICATION
1.4% South America 0.2% 5.3% Australia & Oceania North & Central America 0.1% Caribbean & Bahamas Islands 12.5% Ships & Aircraft Stores 48.4% MALTA 13.8% Europe E X P O R T Africa PA R T N E R S 18.2% Asia Source: National Statistics Office
19% Other Products (<3% of GVA) 30% Advanced Electronics 3% Plastics & Articles of Plastic MALTA 4% Optical Instruments M A I N (incl. precision engineering) E X P O R T S 5% 2 0 1 8 * Aviation 6% 13% Security Printing & Other Printing Life Sciences & 6% Pharmaceuticals Toys, Games & Sports Requisites 7% 8% Precision Engineering Food & Beverage * Data excludes re-exports of mineral fuels and oils Source: National Statistics Office
Exports % Share % Share Exports % Share Intra-28 Extra-28 (€ million) to Intra-28 to World (€ million) to World 420.7 28.4 12.9 213.6 7 Germany Libya 321.3 21.7 9.9 150.1 5 Italy Japan 268.8 18.2 8.3 149.4 5 France Singapore MALTA T O P 6 73.8 5.0 2.3 141.2 4 Netherlands USA E X P O R T 61.1 4.1 1.9 113.4 3 UK Hong Kong PA R T N E R S ( 2 0 1 8 ) 51.7 3.5 1.6 75.5 2 Spain Egypt Source: National Statistics Office
MALTA A D VA N C E D M A N U F A C T U R I N G
MALTA. A D VA N C E D M A N U F A C T U R I N G MANUFACTURING - Over 200 FDI - World-class products operations in areas are developed and such as precision manufactured in Malta In many ways, the bedrock engineering, electronic for clients such as of our industrial sector and components, automotive Apple, Airbus, Boeing, one that remains an important components, plastics Bosch, Chanel, Daimler and rubber Chrysler, FIAT, Ford, target for us Peugeot, and many others
MALTA L I F E S C I E N C E S & M E D I C A L S E R V I C E S
MALTA. L I F E S C I E N C E S & M E D I C A L S E R V I C E S - Life Sciences park for dedicated operations and supporting infrastructure for nuclear medicine - Production of medical devices and pharmaceuticals, including cannabis for medical use - Innovation and product development - R&D activities in areas such as bioinformatics, genetics and other contract research activities
MALTA D A T A S C I E N C E
MALTA. D ATA S C I E N C E - Bespoke software - Specialised activities, - Regulatory certainty - Digital Games & companies and including: on DLT / AI / IoT Digital creative solutions industry > Data Hosting Services Payment Gateway Services > Cybersecurity > > Cloud-based applications
MALTA A V I A T I O N
MALTA. AV I AT I O N - A leading European MRO Hub - Manufacture of aviation components - Flight operations and charter, management and aircraft handling - Aircraft registration - UAVs testing - Flight simulation and crew training - Medavia - Landing rights in Africa
MALTA G R O W T H S E C T O R S
MALTA. G R O W T H S E C T O R S - Logistics and Possibility of Free Trade Status - AI/IoT - Digitalization of Industry (Industry 4.0) - Green and blue economy - Healthcare services - International educational services - RDI
MALTA S O M E E N D U S E R S
- Long term economic, - Competitive cost structure political and social stability with low social costs - Strategic location with easy - Excellent quality of life and access to nearby markets safe environment - Efficient, competitive and - An attractive incentives MALTA transparent tax system package administered W H Y ? by Malta Enterprise - Highly-skilled and English-speaking human - Transparent legal and resources regulatory environment coupled with a sophisticated ecosystem
MALTA. A V I B R A N T E C O N O M Y O P E N F O R B U S I N E S S
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