Europe

Malta
Last reviewed: 14 May 2009

Country information

Malta today
Economy
History
International relations

Geography
Trade and Investment
Politics

See entire profile

Trade and Investment

Malta has traditionally enjoyed high employment, low inflation and consisitent (if moderate) GDP growth. Although spared the worst effects of global financial crisis Malta is beginning feel the impact of the economic downturn with some job losses and short time working. There is a substantial budget deficit in the government’s current account, which is compounded by mounting loan repayments. 49% of GDP is spent on the Public Sector. Malta joined the Exchange Rate Mechanism in April 2005 and adopted the Euro as its sole currency in January 2008.

Further information about Malta’s economy can be found at:

UK Trade & Investment Country Profile: Malta.