MALTA

Much slower but still robust

A1

LOW RISK for enterprise

  • Economic risk

  • Business environment risk

  • Political risk

  • Commercial risk

  • Financing risk

Download the entire collection complexity PDF:

Swipe to view more

GDP USD14,542bn (World ranking 124, World Bank 2018)
Population 0,48mn (World ranking 171, World Bank 2018)
Form of state Republic
Head of government Joseph MUSCAT (PM)
Next elections 2021, legislative
  • Strong economic growth and robust employment growth
  • Investor-friendly tax regime with considerable tax exemptions and incentives which compensate for a relatively high corporate tax rate of 35%
  • Improvement in public finances and households and corporates’ debt
  • English-speaking productive workforce, relatively low labor costs compared to other EU members
  • Growing size of the financial and banking sector in a context of protracted low interest rates, weak credit growth, and legacy NPLs
  • High export dependence, especially on electrical machinery and equipment (mainly semiconductors) and petroleum
  • High trade openness entails a vulnerability to an unstable external environment
  • Listed by the OECD as a tax haven, albeit a ‘cooperative‘ one

Trade structure by destination/origin

(% of total)

Exports Rank Imports
United States 21%
1
16% Russia
Egypt 9%
2
13% Italy
Germany 7%
3
12% China
China 6%
4
5% Germany
Italy 6%
5
5% South Korea

Trade structure by product

(% of total)

Exports Rank Imports
Petroleum, petroleum products and related materials 35%
1
32% Petroleum, petroleum products and related materials
Electrical machinery, apparatus and appliances, n.e.s. 24%
2
26% Other transport equipment
Medicinal and pharmaceutical products 8%
3
5% Electrical machinery, apparatus and appliances, n.e.s.
Miscellaneous manufactured articles, n.e.s. 7%
4
2% Articles of apparel & clothing accessories
Other transport equipment 3%
5
4% Miscellaneous manufactured articles, n.e.s.

Contact

Contact Euler Hermes

Economic Research Team

research@eulerhermes.com

Contact Ana Boata

Senior Economist for Europe

ana.boata@eulerhermes.com

VIEW OUR SOLUTION