The most important sectors of Malta’s economy in 2018 were wholesale and retail trade, transport, accommodation and food services (21.0%), public administration, defence, education, human health and social work activities (16.8%) and Arts, entertainment and recreation; other service activities; activities of household 15.0%). Currency: EURO GDP Per Capita: 29,416.2 USD (2019) GDP Growth Rate: 4.4%annual change (2019) Gross Domestic Product: 14,548.23 million (2019) GNI Per Capita: 40,120 PPP dollars (2018)
Malta’s main export partners are Germany, Hong Kong and France, while its main import partners are Italy, the USand the UK. Exports: The top exports of Malta are Refined Petroleum ($943M), Integrated Circuits ($651M), Packaged Medicaments ($463M), Models and Stuffed Animals ($195M), and Low-voltage Protection Equipment ($157M). Imports: The top imports of Malta are Refined Petroleum ($5.87B), Passenger and Cargo Ships ($953M), Recreational Boats ($673M), Planes, Helicopters, and/or Spacecraft ($476M), and Coal Tar Oil ($374M). Malta exports mostly to Germany ($511M), France ($419M), Italy ($361M), Singapore ($282M), and Libya ($252M), and imports mostly from Russia ($4.15B), Italy ($2.02B), South Korea ($962M), United Kingdom ($755M), and Germany ($710M).
Finances with European Union
Breakdown of Malta’s finances with the EU: Total EU spending in Malta: 0.156 billion Total EU spending as %of Malta’s gross national income (GNI): 1.38% Total Maltese contribution to the EU budget: ? 0.012 billion Malta’s contribution to the EU budget as %of its GNI: 0.91%