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THE MALTESE ISLANDS
Statistiche economiche generali
(dati al fine-Settembre
2003)
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Selected Statistics |
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PIL pro capite a valori correnti di
mercato (Dic. 2002) |
2.8% |
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PIL pro capite a valori correnti di
mercato (Dic. 2002) |
US$9,771 |
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PIL pro capite in PPS relative to the
EU-15 average (2002) |
69% |
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Rapporto Debito Pubblico/PIL (2003) |
68.9% |
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Rapporto Deficit dello Stato/PIL
(2003) |
6.4% |
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Retail price inflation |
1.1% |
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Rapporto delle Esportazioni di beni e
servizi rispetto al PIL (Dic. 2002) |
86% |
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Rapporto Deficit Corrente/PIL (Dic.
2002) |
2.1% |
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Tasso di Occupazione (Gun. 2003) |
54.6% |
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Tasso di Disoccupazione (Gun. 2003) |
7.5% |
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Domestic Market |
Malta's domestic market is small, only
385,000 people, but is surrounded by an extended market of 400 million
people. Malta enjoys duty free access to European markets. |
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Business Services |
CCA is a widely esteemed and respected
internationally outward-looking legal and business-consulting firm
providing the highest standards in legal and business services. |
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Financial Markets |
Malta's financial system is well
developed and regulated to EU standards. The banking system consists
of a central bank and two large commercial banks supported by a range
of smaller banks and financial institutions, merchant banks,
brokerages, corporate finance, investment houses and insurance
companies. |
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Competitiveness of Location |
Malta is one of the most trade dependent
economies in the world. Favourable fiscal and non-fiscal incentives
make Malta a very competitive location compared to many European
locations. |
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Investment Incentives |
Through Malta Enterprise a comprehensive
package of financial incentives towards start-up costs, capital
investment, employment and Research & Development are available. |
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Workforce |
Malta's multi-lingual labour force is
highly educated, diligent, flexible, quality-conscious, and adaptable.
Investors enjoy industrial stability and low wage costs. |
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Transportation and logistics |
Malta is connected to practically every
major port in the Far East, Europe, North America and North Africa.
Supplementing this, is a ro-ro service to mainland Italy via which all
cargo trailers leave the island, for delivery by road to mainland
Europe. Malta has daily flights to most major European capitals and
international hubs. |
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Taxation & Treaties |
Malta offers favourable corporate and
personal tax rates. Coupled with
double taxation agreements with 37 countries.
>>
Malta's Tax System |
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Transportation and logistics |
Malta is connected to practically every
major port in the Far East, Europe, North America and North Africa.
Supplementing this, is a ro-ro service to mainland Italy via which all
cargo trailers leave the island, for delivery by road to mainland
Europe. Malta has daily flights to most major European capitals and
international hubs. |
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Tourism |
Malta's economy is greatly dependent on
tourism, although successive governments have worked with varying
degrees of success to set up a manufacturing base and a centre for
international financial services. Before Independence in 1964, Malta
was a Fortress economy, with a 150-year tradition of reliance on the
British armed forces. The majority of the Maltase workforce was either
employed directly by the British forces or in industries servicing the
military machine. The government of the day was then faced with the
task of creating an economy for the island from scratch, with no
natural resources to fall back upon. The decision to invest in tourism
and manufacturing initially brought success in the early years, and
though efforts to diversify the economy by encouraging the development
of sectors like financial services and IT have been largely successful
over the last decade, the major contributors to Malta's economy remain
tourism (contributing some 25% of GDP) and manufacturing. |
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Attractive manufacturing base for high
value products |
Malta is perfectly placed to take
advantage of the EU's focus on the Mediterranean and developing
African markets, and US and Asian interest in the EU. With low labour
costs and an incentive scheme aimed at value-added export
manufacturing, over 200 international companies have already located
manufacturing sites in Malta. Malta's industrial estates are equipped
with essential services such as water and electricity supply,
telephone and fax lines and good roads. Two new industrial estates
will soon be made available for marine industries and aviation
services. To-date, there are around 700 factories located in 12
industrial estates from small businesses to high-tech. All the
industrial areas are administered by the MDC (now Malta Enterprise)
which provides hands-on support. |
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>>
The Maltase Islands: Facts
and Statistics
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