Malta belongs to the Western Civilization (European Economic Area).
Economy of Malta.
Malta is considered as an advanced economy by the World Bank;
Malta is considered the 15th most democratic country in the world (Economist Intelligence Unit, Democracy Index);
The Republic of Malta has become a crucial
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logistics
centre, thanks to its strategic position between Europe, North Africa and the Middle East;
The Maltese tourism sector (1.7 million tourists) is one of the pillars of the Maltese economy, as well as
textile and electronics industry;
The Maltese banking sector has experienced strong growth in the recent years;
Maltese GDP (nominal): 7,419,000 million dollars;
GDP per capita of Malta: 18,088 dollars;
Maltese Currency: Euro (2008);
Malta is a member of the EU since 2004;
Malta has one of the lowest tax systems in the European Union;
Headquarters of the European Asylum Support Office (EASO).
Maltese Foreign Trade.
Foreign trade is key for Malta;
The main Maltese Export are machinery, fuels, pharmaceutical products, books, aircraft, toys and sports equipment;
Top Maltese exports destinations: Germany (18%), Libya, France, the United Kingdom, Italy;
The main Maltese Imports are fuels, electrical machinery, aircraft, machinery, semi-manufactured products, vehicles;
The main suppliers of Malta are Italy (19%), the United Kingdom, Germany, France, China, Greece, Spain;
As a member of the EU, Malta is a beneficiary of the EU Free trade agreements with the ASEAN, Egypt, Jordan, Lebanon, Ukraine, Moldova, Georgia...
(c) EENI Global Business School (1995-2023)
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