Economy Malta
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 no domestic energy
sources. The economy is dependent on foreign trade, manufacturing
(especially electronics and textiles), and tourism. Continued
sluggishness in the European economy is holding back exports,
tourism, and overall growth.
GDP (purchasing power parity):
$7.223 billion (2004 est.)
GDP - real growth rate:
1% (2004 est.)
GDP - per capita:
purchasing power parity - $18,200 (2004 est.)
GDP - composition by sector: agriculture: 3% industry: 23% services: 74% (2003 est.)
Labor force:
160,000 (2002 est.)
Labor force - by occupation:
agriculture 5%, industry 24%, services 71% (1999 est.)
Unemployment rate:
7% (2003 est.)
Population below poverty line:
NA%