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Malta

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Country summary

Capital

Valletta

Borders

(N/A)

Government type

republic

Population

405,165 (July 2010 est.)[1]

Population growth

0.4% (2010 est.)[1]

Life expectancy

79.44 years[1]

Unemployment

7% (2009 est.)[1]

Index of Economic Freedom

48[2]

Corruption Perceptions Index

45[3]


Great Britain formally acquired possession of Malta in 1814. The island staunchly supported the UK through both world wars and remained in the Commonwealth when it became independent in 1964. A decade later Malta became a republic. Since about the mid-1980s, the island has transformed itself into a freight transshipment point, a financial center, and a tourist destination. Malta became an EU member in May 2004 and began using the euro as currency in 2008.[1]

Economical characteristicsEdit

  • Currency: Euro (ISO code: EUR)
  • Central bank discount rate: 1% (31 December 2009)[1]
  • Commercial banks lending rate: 5.89% (31 December 2008)[1]
  • Stock of money (M1): $4.639 billion (31 January 2008)[1]
  • Quasi money (with M1 makes M2): $8.771 billion (31 January 2008 est.)[1]
  • is part of the Eurozone since 2008


StatisticsEdit

Statistic / Year 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008
GDP (million USD)[4] 3 646 3 893 3 850 4 240 5 001 5 600 5 919 6 394 7 449
Govt. debt (% of GDP)[5] 81.476 83.566 83.887 75.967 72.612
Govt. revenue (% of GDP)[6] 37.257 38.742 38.098 38.136 39.231
Govt. expenses (% of GDP)[7] 44.950 43.925 42.740 42.382 41.728
Debt to revenue (years) 2.187 2.157 2.202 1.992 1.851

ReferencesEdit

Note: statistical data was rounded. Different sources may use different methodologies for their estimates. Debt to revenue is calculated by dividing the two variables from their original ('unrounded') values. It represents how long it would a government take to repay its entire debt if it used its whole revenue for this purpose.

  1. 1.0 1.1 1.2 1.3 1.4 1.5 1.6 1.7 1.8 CIA - The World Facebook. "Malta", from The World Facebook. Referenced 2010-09-29.
  2. Heritage Foundation. "Malta", Economic Freedom Score. A lower ranking is better; but please be careful when comparing between different countries or years. Referenced 2010-09-29.
  3. Transparency International. "Malta", Corruption Perceptions Index 2009. A lower ranking is better; but please note that the numbers cannot be compared between countries or years due to different methodology. Referenced 2010-09-29.
  4. World Bank. "Malta: GDP", from World Bank Data. Referenced 2010-09-29.
  5. World Bank. "Malta: government debt", from World Bank Data. Referenced 2010-09-29.
  6. World Bank. "Malta: government revenue", from World Bank Data. Referenced 2010-09-29.
  7. World Bank. "Malta: government expenses", from World Bank Data. Referenced 2010-09-29.

External linksEdit

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