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The economy of Malta is a highly industrialised service-based economy. It is classified as an advanced economy by the International Monetary Fund [28] and is considered a high-income country by the World Bank [29] and an innovation-driven economy by the World Economic Forum. [30]
Malta is classified as an advanced economy according to the International Monetary Fund (IMF). [180] Malta's major resources are limestone, a favourable geographic location and a productive labour force. Malta produces only about 20 percent of its food needs, has limited fresh water supplies because of the drought in the summer, and has no ...
Tourism in Malta is an important sector of the country's economy, contributing to about 15 percent of the nation's gross domestic product (GDP). It is overseen by the Malta Tourism Authority, in turn falls under the responsibility of the Minister for Tourism, the Environment and Culture. Malta features a number of tourism attractions ...
The Exclusive Economic Zone of Malta is a proposed exclusive economic zone by the Government of Malta which will extend Malta's responsibilities by 71,446 km 2 beyond territorial waters. [1] On 12 June 2021 Clyde Caruana, Minister of Finance and Employment, proposed an exclusive economic zone for Malta. [2]
Malta's economy was boosted by the opening of the Suez Canal in 1869, as there was a massive increase of civilian shipping which entered the port. Ships stopping at Malta's docks for refuelling helped the Entrepôt trade, which brought additional benefits to the island.
Taxation in Malta is levied by the State and it is administered by the Commissioner for Tax and Customs (il-Kummissarju tat-Taxxa u d-Dwana). The total tax revenues in 2014 amounted to €2.747 Billion, which represents 34.6% of the Maltese GDP. [1] The main sources of tax revenue were value-added tax, income tax, and social security contributions.
Pages in category "Economy of Malta". The following 8 pages are in this category, out of 8 total. This list may not reflect recent changes . Economy of Malta.
Characteristics. Malta is the most densely populated country in the EU and one of the most densely populated countries in the world, with about 1,265 inhabitants per square kilometre (3,280 inhabitants/sq mi). This compares with about 32 per square kilometre (85 per square mile) for the United States. A census (held every 10 years) was held in ...