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 - - PowerPoint PPT Presentation

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

MALTA

F A C T S & F I G U R E S

LAND AREA

316km2

POPULATION

493,559

CAPITAL CITY

VALLETTA

OFFICIAL LANGUAGES

MALTESE & ENGLISH

MALTA

E U A C C E S S I O N

2008

EURO ADOPTED AS OFFICIAL CURRENCY

2007

MEMBER OF SCHENGEN

2004

EU MEMBER

MALTA

A S T A B L E E C O N O M Y

ECONOMIC INDICATOR DATE Malta Euro-19 EU-28 EU Rank

Real GDP Growth

2018 +6.8% +1.9% +2.0% 2nd 2019f +5.0% +1.1% +1.4% 2nd

Unemployment

NOV 2019 3.5% 7.5% 6.3% 4th

Employment Growth

Q3 (‘19 on ‘18) +4.7% +0.9% +0.8% 1st

GDP per Capita Growth 2018

+3.6% +1.6% +1.7% 9th

Source: Autumn 2019 Economic Forecast – European Commission

FITCH SCOPE MOODY’S DBRS STANDARD & POOR’S

A+ A+ A2 A high A- A+ A+ A2 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

MALTA

S T R U C T U R E O F T H E E C O N O M Y

14%

Arts, entertainment, & recreation (mainly iGaming)

10%

Wholesale & retail trade

8%

Manufacturing

8%

Professional, scientific, & technical

7%

Admin & support services

6%

ICT

6%

Transportation & storage

6%

Financial & insurance

6%

Human health & social work

6%

Public admin & defence

5%

Education

5%

Accommodation & food service (tourism)

10%

Other sectors (<5% of GVA)

Composition of Malta’s Economy (2018)

MALTA

E C O N O M I C G R O W T H

8.4%

MANUFACTURING

3.6%

INFORMATION & COMMUNICATION

8.7%

PROFESSIONAL, SCIENTIFIC & TECHNICAL SERVICES

• 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 X P O R T PA R T N E R S

0.2%

Australia & Oceania

48.4%

Europe

18.2%

Asia

12.5%

Ships & Aircraft Stores

13.8%

Africa

5.3%

North & Central America

Source: National Statistics Office

1.4%

South America

0.1%

Caribbean & Bahamas Islands

MALTA

M A I N E X P O R T S 2 0 1 8 *

30%

Advanced Electronics

7%

Precision Engineering

13%

Life Sciences & Pharmaceuticals

8%

Food & Beverage

6%

Toys, Games & Sports Requisites

6%

Security Printing & Other Printing

5%

Aviation

4%

Optical Instruments (incl. precision engineering)

3%

Plastics & Articles of Plastic

19%

Other Products (<3% of GVA)

Source: National Statistics Office

* Data excludes re-exports of mineral fuels and oils

MALTA

T O P 6 E X P O R T PA R T N E R S ( 2 0 1 8 )

Intra-28 Exports (€ million) % Share to Intra-28 % Share to World Extra-28 Exports (€ million) % Share to World

Germany

420.7 28.4 12.9

Libya

213.6 7

Italy

321.3 21.7 9.9

Japan

150.1 5

France

268.8 18.2 8.3

Singapore

149.4 5

Netherlands

73.8 5.0 2.3

USA

141.2 4

UK

61.1 4.1 1.9

Hong Kong

113.4 3

Spain

51.7 3.5 1.6

Egypt

75.5 2

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 In many ways, the bedrock

• f our industrial sector and
• ne that remains an important

target for us

• Over 200 FDI
• perations in areas

such as precision engineering, electronic components, automotive components, plastics and rubber

• World-class products

are developed and manufactured in Malta for clients such as Apple, Airbus, Boeing, Bosch, Chanel, Daimler Chrysler, FIAT, Ford, Peugeot, and many

• thers

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
• Regulatory certainty
• n DLT / AI / IoT
• Digital Games &

Digital creative industry

• Bespoke software

companies and solutions

• Specialised activities,

including: > 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

• 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. G R O W T H S E C T O R S

MALTA

S O M E E N D U S E R S

MALTA

W H Y ?

• Long term economic,

political and social stability

• Strategic location with easy

access to nearby markets

• Efficient, competitive and

transparent tax system

• Highly-skilled and

English-speaking human resources

• Competitive cost structure

with low social costs

• Excellent quality of life and

safe environment

• An attractive incentives

package administered by Malta Enterprise

• Transparent legal and

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