With a civilization that dates back thousands of years, Malta boasts some of the oldest megalithic sites in the world. Situated in the center of the Mediterranean, Malta’s islands have long served as a strategic military asset, with the islands at various times having come under control of the Phoenicians, Carthaginians, Greeks, Romans,

Source: The CIA World Factbook - Malta



Vos conseillers auprès de la Chambre de Commerce

Regina Khvastunova

Contactez-nous: europe@cc.lu


Indicateurs clés

Surface
316 km2
Population
460,891 (July 2021 est.)
Type de gouvernement
parliamentary republic
Langues
Maltese (official) 90.1%, English (official) 6%, multilingual 3%, other 0.9% (2005 est.)
PIB
$14.647 billion (2020 est.)
Taux de croissance
-7% (2020 est.)
HDI
28
Capitale
Valletta

Indicateurs macroéconomiques

Malta’s free market economy – the smallest economy in the euro-zone – relies heavily on trade in both goods and services, principally with Europe. Malta produces less than a quarter of its food needs, has limited fresh water supplies, and has few domestic energy sources. Malta's economy is dependent on foreign trade, manufacturing, and tourism. Malta joined the EU in 2004 and adopted the euro on 1 January 2008.

Malta has weathered the euro-zone crisis better than most EU member states due to a low debt-to-GDP ratio and financially sound banking sector. It maintains one of the lowest unemployment rates in Europe, and growth has fully recovered since the 2009 recession. In 2014 through 2016, Malta led the euro zone in growth, expanding more than 4.5% per year.

Malta’s services sector continues to grow, with sustained growth in the financial services and online gaming sectors. Advantageous tax schemes remained attractive to foreign investors, though EU discussions of anti-tax avoidance measures have raised concerns among Malta’s financial services and insurance providers, as the measures could have a significant impact on those sectors. The tourism sector also continued to grow, with 2016 showing record-breaking numbers of both air and cruise passenger arrivals.

Malta’s GDP growth remains strong and is supported by a strong labor market. The government has implemented new programs, including free childcare, to encourage increased labor participation. The high cost of borrowing and small labor market remain potential constraints to future economic growth. Increasingly, other EU and European migrants are relocating to Malta for employment, though wages have remained low compared to other European countries. Inflation remains low.

Source: The CIA World Factbook - Economic overview Malta

IMF Statistics:

Subject descriptor 2018 2019 2020 2021 2022

Gross domestic product, constant prices

Percent change

6.772

5.098

4.316

3.744

3.500

Gross domestic product, current prices

Percent change

(Billions)

14.560

14.859

15.787

16.879

17.968

Gross domestic product per capita, current prices

Percent change

(Units)

30,608.498

30,650.168

32,019.430

33,762.214

35,583.941

Inflation, average consumer prices

Percent change

1.741

1.658

1.834

1.908

1.934

Volume of imports of goods and services

Percent change

2.590

2.750

2.540

1.940

1.650

Volume of exports of goods and services

Percent change

2.577

1.600

1.840

2.244

2.170

Unemployment rate

Percent change

3.725

3.800

4.000

4.200

4.500

Current account balance

Percent change

(Billions)

1.432

1.135

0.985

1.028

1.114

Current account balance

Percent change

9.833

7.635

6.238

6.089

6.199

Estimates

Source: IMF Statistics - Malta


Le Luxembourg et le pays

Existing conventions and agreements

Non double taxation agreement

In order to promote international economic and financial relations in the interest of the Grand Duchy of Luxembourg, the Luxembourg government negotiates bilateral agreements for the avoidance of double taxation and prevent fiscal evasion with respect to Taxes on Income and on fortune with third countries.

  • Convention from 29.04.1994 (Memorial 1995, A No.96, p.2231)
  • Effective as of 01.01.1996 (Memorial 1995, A No.96, p.2231)
  • Amendment of the Convention form 30.11.2011 (Memorial 2013, A No.114, p.1708)
  • Effective as of 01.01.2014 (Memorial 2013, A No.114, p.1708)

Air Services agreement

  • Agreement from 17.6.1991 (Memorial 1995, A, p. 1592)
  • Effective as of 03.11.1995 (Memorial 1995, A, p. 2262)

Source: Administration des contributions directes


Informations supplémentaires

Foreign Trade

The Statec Foreign Trade statistics provide information on the trade of goods - by product and by country. This information is collected respectively through the INTRASTAT declaration and on the basis of customs documents.

You can see the statistics on the website of the Statec.

Contact points in Malta

Embassy of the Grand Duchy of Luxembourg in Malta

Ambassador with residence in Rome: Mr Paul DÜHR

90, Via di Sante Croce in Gerusalemme
I-00185 Rome
Italy

Tel.: (+39) 06 77 20 11 77/78
Fax: (+39) 06 77 20 10 55
E-Mail: rome.amb@mae.etat.lu 

 

Honorary Consul

Honorary Consul with jurisdiction over Malta:

Mr David TONNA

Palazzo Pietro Stiges
103, Strait Street
VLT 1436 Valletta
Malta

Tel.: (+356) 21 23 22 71
E-Mail: valletta@consul-hon.lu 

Source: Ministry of Foreign Affairs of Luxembourg

Country risk as defined by Office du Ducroire for Malta

Ducroire is the only credit insurer covering open account deals in over 200 countries. A rating on a scale from 1 to 7 shows the intensity of the political risk. Category 1 comprises countries with the lowest political risk and category 7 countries with the highest. Macroeconomics experts also assess the repayment climate for all buyers in a country.

Link: Ducroire Office - Country Risk For Malta

Other useful links