Flag description:
two equal vertical bands of white (hoist side) and red; in the
upper hoist-side corner is a representation of the George Cross,
edged in red
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 few 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):
$8.122 billion (2006 est.)
GDP (official exchange rate):
$5.39 billion (2006 est.)
GDP - real growth rate:
1.3% (2006 est.)
GDP - per capita (PPP):
$20,300 (2006 est.)
GDP - composition by sector: agriculture: 3% industry: 23% services: 74% (2003 est.)
Labor force: 160,000 (2005 est.)
Labor force - by occupation: agriculture: 3% industry: 22% services: 75% (2005 est.)