Economic situation of industries

Of Malta economics becomes relatively positive compared with the other European Union beginners. The two traditional industries are agriculture and fishery, whereby the fishery on Malta is insignificant today and the agriculture does not have any longer much meaning. Gozo lives against it this very day mainly on the agriculture and the fishery. The largest employer of the country is Malta Drydocks, the second largest threw Europe. Also with Libya and the People's Republic China drives Malta prefers trade. Thus there is also its own Chinese threw in Valetta. To lose a part of the population feared and split these relations by an European Union entry the population strongly on for and against entry.

The tourism plays naturally, because of the admittingness and the popularity of Malta as vacation country, also a large role. Most holiday-makers come from Great Britain, Germany and Italy. Other industries are the navigation and of Malta free port envelope center.

Agriculture:

About four fifth is used by the total area of the Maltese islands agriculturally, for cultivation of drying field and cultivation of irrigation field. The largest part of the agriculture surface will become in the rain months cultivated, only 5 % artificially watered.

Gross national product gross domestic product

The gross national product amounts to 4.12 billion, i.e. approx. 10,500 per head annually. the tourism constitutes 30 % of the gross national product. From 1987 to 1992 the gross national product rose approx. around 5,4 %. The gross domestic product amounts to 4.12 billion is called approx. 10,700 annually per head. Financial service enterprise contribute approx. 12 % to the gross domestic product. The gross average wage amounts to ca.12.500 annually per head.

Public expenditures

Between 1992 and 2000 lay the portion of the public expenditures for

• the health service with 10%
• the training system with 12%
• the military with 2%

Economic development

European companies are already lured for the 70's with tax benefits. Thus approx. 55 German enterprises for the export produce among other things the company Playmobil, Rodenstock, Lloyd-Schuhe. From 1965 to today the number of the tourists increased tenfold approx. Today there is annual over one million tourist. 1992 were created on Malta its own stock exchange.

Import export

Import: Malta has an intensive import relationship to Italy, the USA, Great Britain, France and Germany. Are imported Tafelwasser, food, car, engines and transmission for the ship and boat building, clothing, scientific and medical instruments.

Export: Great Britain, Germany and Italy have a very close export relationship with Malta. Are exported e.g. ships and boats, television sets, toy, wheat, barley, potatoes, flowers, fruit and vegetables.

Inflation development

The inflation rate decreased/went back 1998 on 2,4 % and could 1999 with 2,1 % on relatively low level be held. In the year 2000 the inflation rate rose small to 2,4 %. In consequence of more differently tax and relating to financial policy measures 2001 a renewed rise on 2,5 % were to be registered. 2002 remained comparatively low the inflation rate. However it was artificially lowered through, the price controls exercised within some ranges.

Articles in category "Economics of Malta"

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