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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'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 not highly leveraged. Locally, the restricted damage from the financial crisis has been attributed to the stabilit...  More..

Economy of Malta
SOURCE: CIA - The World Factbook
Currency Euro
Fiscal Year 01 January - 31 December
GDP (PPP) $9.831 billion (2009 est.)
GDP (per capita) $23,800 (2009 est.)
Exports $2.26 billion (2009 est.)
Imports $3.84 billion (2009 est.)
Main Industries Tourism, Electronics, Ship Building and Repair, Construction, Food and Beverages, Pharmaceuticals, Footwear, Clothing, Tobacco, Aviation Services, Financial Services, Information Technology Services
Exports - Commodities Electrical Machinery, Mechanical Appliances, Fish and Crustaceans, Pharmaceutical Products, Printed Material
Imports - Commodities Mineral Fuels and Oils, Electrical Machinery, Non-electrical Machinery, Aircraft and Other Transport Equipment, Plastic and Other Semi-manufactured Goods; Food, Drink, Tobacco
Exports Partners Germany 13.3%, Singapore 12.5%, France 11.4%, US 9.4%, Hong Kong 6.5%, UK 5.9%, Italy 4.8% (2009 est.)
Imports Partners Italy 24.4%, UK 11.7%, Germany 9.3%, France 7.6%, China 4.2% (2009 est.)

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