Europe > Malta > Economy

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Agriculture > products potatoes, cauliflower, grapes, wheat, barley, tomatoes, citrus, cut flowers, green peppers; pork, milk, poultry, eggs
Aid as % of GDP	0.6%		[103rd of 129]
Debt > External	$188,800,000.00		[128th of 136]
Distribution of family income > Gini index	28		[33rd of 43]
Economic freedom	2.3		[54th of 156]
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 few domestic energy sources. The economy is dependent on foreign trade, manufacturing (especially electronics and pharmaceuticals), and tourism. Economic recovery of the European economy has lifted exports, tourism, and overall growth. Malta adopted the euro on 1 January 2008.
Exchange rates Maltese liri per US dollar - 0.3444 (2004), 0.3773 (2003), 0.4337 (2002), 0.4501 (2001), 0.4382 (2000)
Exports	$3,238,000,000.00		[114th of 189]
Exports to US	$82,800,000.00		[91st of 224]
GDP	$5,569,653,000.00		[124th of 203]
GDP (purchasing power parity)	$9,400,000,000.00		[145th of 187]
GDP > PPP	$7,601,000,000.00		[131st of 163]
GDP > Real growth rate	3.8%		[126th of 198]
GDP growth > annual %	2.49 annual %		[136th of 187]
Gross National Income	$3,636,930,000.00		[112nd of 172]
Gross national income > constant LCU	412112700
Human Development Index	0.867		[32nd of 178]
Inflation rate (consumer prices)	1.3%		[169th of 192]
Research and development spending	0%		[70th of 69]
Tourist arrivals	1,111,000		[49th of 152]

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