Malta's major resources are limestone. It benefits from, its
favourable geographic location in the Mediterranean Sea.
The main pillars of the economy are foreign trade,
manufacturing (especially electronics and
pharmaceuticals), tourism and the financial sector.
The economic performance of Malta during the last years
was one of the best in the European Union.
| European Economic Forecast Winter 2016 for Malta |
| Forecasts for Malta |
2014 |
2015 |
2016 |
2017 |
| GDP growth (%, yoy) |
4,1 |
4,9 |
3,9 |
3,4 |
| Inflation (%, yoy) |
0,8 |
1,2 |
1,7 |
2,1 |
| Unemployment (%) |
5,8 |
5,4 |
5,4 |
5,4 |
| Public budget balance (% of GDP) |
-2,1 |
-1,6 |
-1,1 |
-1,0 |
| Gross public debt (% of GDP) |
66,9 |
64,0 |
61,2 |
58,7 |
| Current account balance (% of GDP) |
3,9 |
4,3 |
5,9 |
6,5 |
European Commission
Institutional Papers 20 | 2016