Malta

Description of Malta

Located in the Mediterranean Sea, Malta is a small but historically rich archipelago known for its strategic location and diverse cultural influences. With a history dating back thousands of years, Malta has been shaped by numerous civilizations, from the Phoenicians and Romans to the Knights of St. John and the British Empire. Today, Malta is a thriving European nation that boasts a strong economy driven by tourism, finance, and manufacturing. Despite its size, Malta plays a significant role in regional politics and serves as a key player in the European Union. Join us as we explore the unique blend of tradition and modernity that defines this captivating island nation.

Population And Age Structure

Malta has a total population of 515,332, which is significantly below the average population of 40,097,746. The country ranks 166 out of 194 countries for total population.

With 13.20% of the population being aged 0-14, Malta falls well below the average of 27.34%. The country ranks 189 out of 194 countries for this demographic.

The total population of individuals aged 0-14 in Malta is 68,018, much lower than the average of 10,327,379. Malta ranks 173 out of 194 countries for this age group.

Malta has 67.96% of its population aged 15-64, above the average of 63.44%. This places Malta at a rank of 40 out of 194 countries in this category.

For the population aged 15-64, Malta's total of 350,219 is below the average of 26,003,407, ranking the country 167 out of 194.

With 18.84% of the population aged 65 and above, Malta is well above the average of 9.22%. The country ranks 25 out of 194 for this demographic.

Malta has a total population of individuals aged 65 and above of 97,095, significantly below the average of 3,766,959. Malta's rank for this age group is 147 out of 194 countries.

Summary

Malta's population distribution skews towards individuals aged 15-64, with a higher percentage than the global average. However, the country has relatively low proportions of both youth (aged 0-14) and elderly (aged 65 and above) populations compared to the global averages. This demographic profile is important as it impacts various aspects of the economy, such as healthcare, education, and workforce planning, requiring tailored policies to cater to the needs of the different age groups.

Population Miscellaneous

- The Rural population in Malta is 27,086, significantly below the average of 18,044,041 out of 190 countries. Malta ranks 180th out of 190 countries in this attribute.
- The Rural population (% of total population) in Malta is 5.256%, far below the average of 41.16% out of 190 countries. Malta ranks 186th out of 190 countries in this attribute.
- The Urban population in Malta is 488,246, substantially below the average of 22,425,747 out of 194 countries. Malta ranks 157th out of 194 countries in this attribute.
- The Urban population (% of total population) in Malta is 94.744%, above the average of 59.69% out of 194 countries. Malta ranks 9th out of 194 countries in this attribute.
- The Age dependency ratio (% of working-age population) in Malta is 47.15%, below the average of 59.22% out of 194 countries. Malta ranks 155th out of 194 countries in this attribute.
- The Birth rate, crude (per 1,000 people) in Malta is 8.6, below the average of 19.38 out of 192 countries. Malta ranks 179th out of 192 countries in this attribute.
- The Death rate, crude (per 1,000 people) in Malta is 7.9, slightly below the average of 8.21 out of 192 countries. Malta ranks 91st out of 192 countries in this attribute.
- The Fertility rate, total (births per woman) in Malta is 1.13, well below the average of 2.60 out of 190 countries. Malta ranks 187th out of 190 countries in this attribute.

Summary

In summary, Malta has a significantly lower rural population, high urban population percentage, relatively low age dependency ratio, and low birth, death, and fertility rates compared to global averages. These indicators suggest that Malta has a more urbanized population with a lower fertility rate and age dependency ratio, which may have implications for workforce dynamics, healthcare systems, and overall demographic trends in the country.

Military

Malta's military expenditure in USD is significantly below the average, ranking 126th out of 149 countries. The country spent $86,287,472.93, a notable difference from the average of $12,904,993,617.17.

When it comes to military expenditure as a percentage of GDP, Malta's allocation is well below average at 0.58%, placing it at 137th out of 148 countries. The average expenditure is 1.90% of GDP.

Malta's total armed forces personnel stand at 2,000, which is significantly lower than the average of 165,908.54 personnel. This places Malta at a rank of 157 out of 164 countries.

In terms of armed forces personnel as a percentage of the total labor force, Malta's figure is below average at 0.73%, positioning the country at 91st out of 164 countries. The average for this attribute is 1.28%.

Summary

Malta's military expenditure, both in absolute terms and as a percentage of GDP, is notably below global averages. Additionally, the country has a relatively small number of armed forces personnel compared to the average. These indicators suggest that Malta prioritizes other areas of spending over defense, potentially reflecting a focus on economic development, social programs, or neutrality in international affairs.

Natural Resources

Malta's forest area of 4.6 sq. km is significantly below the average of 211606.11 sq. km, ranking 189th out of 191 countries.

With a land area of 320 sq. km, Malta falls well below the average of 665166.51 sq. km, ranking 185th out of 194 countries in this dataset.

Similarly, Malta's surface area of 320 sq. km is notably lower than the average of 689779.56 sq. km, placing it at the 185th position out of 194 countries.

Malta's arable land of 7800 hectares is significantly less than the average of 7329543.16 hectares, ranking 169th out of 190 countries.

With an average precipitation of 560 mm per year, Malta experiences lower rainfall compared to the average of 1157.83 mm per year, placing it at the 135th position out of 178 countries.

Malta's renewable internal freshwater resources of 0.0505 billion cubic meters are significantly below the average of 240.41 billion cubic meters, ranking 175th out of 178 countries in this dataset.

Summary

Malta's small size and limited natural resources, such as forest area, land area, arable land, and renewable freshwater resources, place it below global averages in these categories. The country's lower-than-average precipitation levels further contribute to its challenges in sustaining agriculture and freshwater supply. These indicators are crucial as they highlight Malta's vulnerability to environmental pressures and its dependence on external sources for resources.

Commodities

Analysis of Key Statistics for Malta:

Summary

In analyzing key statistics for Malta, it is evident that the country's aquaculture, capture fisheries, total fisheries production, and fertilizer consumption are below global averages. Malta's rankings in these areas also fall below the median ranking compared to other countries. These statistics are crucial as they indicate Malta's relative performance in key sectors, highlighting potential areas for improvement and development to enhance the country's economic growth and sustainability.

Intellectual Property

Industrial design applications, nonresident, by count: Malta's value of 1 is significantly below the average of 1415.83. With a rank of 111 out of 112 countries, Malta has minimal nonresident industrial design applications compared to other nations.
Industrial design applications, resident, by count: Malta's value of 35 is notably lower than the average of 9799.58. Ranked 85 out of 113 countries, Malta's resident industrial design applications are relatively scarce.
Patent applications, nonresidents: Malta's 5 patent applications by nonresidents contrast sharply with the average of 6538.40. With a rank of 116 out of 129 countries, Malta exhibits a low interest from nonresidents in patent applications.
Patent applications, residents: Malta's 6 patent applications by residents fall well below the average of 19037.56. Ranked 105 out of 117 countries, Malta's residents also show limited engagement in patent applications.
Trademark applications, nonresident, by count: Malta's 362 trademark applications by nonresidents differ significantly from the average of 15878.93. With a rank of 119 out of 130 countries, Malta's nonresidents display a relatively low interest in trademark applications.
Trademark applications, resident, by count: Malta's 1100 trademark applications by residents are significantly lower than the average of 111055.78. Ranked 96 out of 129 countries, Malta's residents show relatively less activity in trademark applications.
Scientific and technical journal articles: Malta's 526.85 articles fall well below the average of 15103.76. With a rank of 94 out of 192 countries, Malta's contribution to scientific and technical journal articles is relatively limited.
Charges for the use of intellectual property, payments (BoP, current US$): Malta's payment value of 1,562,368,036.11 is notably below the average of 3,218,843,494.39. With a rank of 30 out of 143 countries, Malta exhibits a moderate level of intellectual property usage.
Charges for the use of intellectual property, receipts (BoP, current US$): Malta's receipt value of 999,846,352.19 is significantly lower than the average of 3,191,687,117.58. Ranked 26 out of 122 countries, Malta's receipts from intellectual property usage are relatively low.
Researchers in R&D (per million people): Malta's value of 1983.93 researchers per million people is below the average of 2556.45. With a rank of 35 out of 72 countries, Malta has a moderate presence of researchers in R&D compared to other nations.

Summary

Malta exhibits relatively low levels of engagement in various intellectual property-related activities such as industrial design applications, patent applications, trademark applications, and scientific journal articles compared to global averages. Additionally, the country's payments for the use of intellectual property are below average, while its receipts from intellectual property usage are significantly lower than the global average. These findings are crucial as they reflect Malta's current standing in innovation and R&D compared to other nations, highlighting areas where the country may need to focus on to enhance its intellectual property ecosystem and promote innovation-driven growth.

Broad Economy Attributes

Analysis of key macroeconomic statistics for Malta:

1. GDP (current US$): Malta's GDP value is 15,252,609,039.07, which is significantly below the average GDP of 442,870,224,838.68. Malta ranks 119 out of 189 countries in this attribute.

2. GDP, PPP (current international $): Malta's GDP, PPP is 23,951,119,256.99, well below the average of 734,141,122,350.78. Malta is ranked 139 out of 181 countries in this category.

3. GDP per capita (current US$): Malta's GDP per capita stands at 29,597.64, higher than the average of 15,462.11. Malta ranks 31 out of 190 countries in this metric.

4. GDP per capita, PPP (current international $): Malta's GDP per capita, PPP is 46,477.07, significantly above the average of 21,251.89. The country holds the 25th rank out of 181 countries in this aspect.

5. GNI (current US$): Malta's GNI is 13,671,040,472.20, notably lower than the average GNI of 452,040,815,370.70. Malta ranks 121 out of 185 countries in this attribute.

6. GNI, PPP (current international $): Malta's GNI, PPP is 21,467,587,602.76, substantially lower than the average GNI of 730,698,223,823.47. Malta holds the 139th rank out of 181 countries in this category.

7. GNI per capita, PPP (current international $): Malta's GNI per capita, PPP is 41,660, above the average of 20,615.75. Malta ranks 32 out of 181 countries in this metric.

Summary

Malta's key macroeconomic indicators paint a picture of a country with a smaller economy compared to the global average, as seen in its GDP, GNI, and per capita figures. Despite ranking lower in these metrics, Malta showcases relatively higher GDP per capita and GNI per capita, indicating a decent standard of living for its population. These statistics are vital for understanding Malta's economic standing in the global arena, its citizens' purchasing power, and potential for economic growth and development.

Broad Value Added

Gross value added at basic prices (GVA) in Malta stands at 13,867,136,087.63 USD, significantly below the average of 360,070,943,595.12 USD, ranking 114th out of 176 countries.

Agriculture, forestry, and fishing, value added (% of GDP) for Malta is 0.76%, far lower than the average of 10.86%, placing Malta at the 170th rank out of 182 countries.

Agriculture, forestry, and fishing, value added in Malta is 116,491,823.56 USD, well below the average of 19,924,732,828.07 USD, with a rank of 160 out of 182 countries.

Services, value added (% of GDP) for Malta is 76.65%, above the average of 56.72%, placing Malta at 9th out of 183 countries.

Services, value added in Malta amounts to 11,691,791,696.04 USD, significantly below the average of 295,837,711,130.69 USD, ranking 105th out of 183 countries.

Industry (including construction), value added in Malta is 2,058,852,568.03 USD, considerably lower than the average of 118,421,095,413.50 USD, with a rank of 143 out of 183 countries.

Summary

Malta's economy showcases a significant reliance on the services sector, with services contributing a high percentage to its GDP compared to the global average. However, the country's performance in agriculture, forestry, and fishing sectors lags behind, ranking low in both value added and percentage of GDP compared to other nations. This imbalance indicates a need for Malta to diversify its economic activities and potentially invest more in sectors beyond services to promote overall economic growth and resilience.

Manufacturing Value Added

Malta's manufacturing value added (current US$) is $1.11 billion, significantly below the average of $76.21 billion, ranking 126th out of 173 countries.

Malta's manufacturing value added (% of GDP) is 7.29%, lower than the average of 11.90%, placing it at 129th out of 173 countries.

Malta's medium and high-tech manufacturing value added (% of manufacturing value added) stands at 21.96%, below the average of 24.49%, securing a rank of 77 out of 149 countries.

For chemicals (% of value added in manufacturing), Malta records 8.92%, lower than the average of 11.56%, ranking 49 out of 89 countries.

Malta's food, beverages, and tobacco (% of value added in manufacturing) is 14.82%, also under the average of 24.51%, placing the country at 62 out of 92 countries.

In machinery and transport equipment (% of value added in manufacturing), Malta scores 17.62%, slightly above the average of 16.85%, ranking 41 out of 93 countries.

Malta's textiles and clothing (% of value added in manufacturing) is minimal at 0.45%, significantly lower than the average of 6.33%, positioned at rank 90 out of 93 countries.

Lastly, for other manufacturing (% of value added in manufacturing), Malta's 58.18% is notably higher than the average of 42.13%, securing a strong rank of 11 out of 94 countries.

Summary

Malta's manufacturing sector exhibits varying levels of performance across different subcategories compared to global averages, with strengths in other manufacturing and machinery/transport equipment, but weaknesses in textiles/clothing and chemicals. These indicators are crucial as they highlight Malta's specialization in certain types of manufacturing, potentially pointing to areas for further growth or diversification to enhance its manufacturing sector's competitiveness on the global stage.

Money

Malta's consumer price inflation rate stands at 0.64%, significantly lower than the average of 8.26%. This places Malta at the 116th rank out of 165 countries in the dataset for this attribute.

Additionally, Malta's GDP deflator inflation rate is 1.69%, below the average of 6.90%. With this figure, Malta ranks 101st out of 188 countries included in the analysis for this metric.

Summary

Malta exhibits relatively low consumer price inflation and GDP deflator inflation rates compared to global averages, ranking 116th and 101st respectively out of the included countries. These indicators suggest that Malta's economy is experiencing stable price levels and a moderate increase in the overall level of prices for all goods and services produced. This stability is crucial for attracting investments, maintaining purchasing power for consumers, and fostering sustainable economic growth in the long run.

Consumption Expenditure

Malta's final consumption expenditure in current US dollars is significantly below the attribute average of $381.63 billion, ranking 123rd out of 159 countries. The final consumption expenditure as a percentage of GDP is also below average at 63.84%, placing Malta at the 145th position out of 159 countries.

Malta's general government final consumption expenditure in current US dollars stands much lower than the average of $93.68 billion, with a rank of 102 out of 158 countries. Conversely, the percentage of GDP spent by the general government for consumption is above average at 20.64%, placing Malta at the 53rd position out of 158 countries.

Regarding household and non-profit institution serving households (NPISHs) final consumption expenditure in current US dollars, Malta's value is notably below the average of $290.13 billion, ranking 124th out of 158 countries. Additionally, the expenditure as a percentage of GDP is below average at 43.19%, positioning Malta at the 144th rank out of 158 countries.

Summary

Malta's final consumption expenditure, both in total and through the general government, falls below global averages in current US dollars and as a percentage of GDP. This indicates a relatively lower level of economic activity and public spending compared to many other countries worldwide. Understanding these figures is crucial for assessing Malta's economic development, potential growth, and degree of government intervention in the economy.

Equities

- Listed domestic companies, total: Malta has 27 listed domestic companies, which is significantly below the average of 636.625. Malta is ranked 60th out of 72 countries in this data set.
- Stocks traded, total value (current US$): The total value of stocks traded in Malta is $71,670,000, much lower than the average of $1,379,501,950,182.91. Malta is ranked 58th out of 71 countries.
- Stocks traded, total value (% of GDP): Malta's stock value as a percentage of GDP is 0.47%, which is well below the average of 31.65%. Malta is ranked 55th out of 71 countries.
- Market capitalization of listed domestic companies (current US$): Malta's market capitalization is $5,080,650,000, significantly lower than the average of $1,196,037,851,618.88. Malta is ranked 63rd out of 73 countries.
- Market capitalization of listed domestic companies (% of GDP): The market capitalization of listed domestic companies in Malta is 33.31% of GDP, below the average of 71.24%. Malta is ranked 41st out of 73 countries.

Summary

Malta exhibits lower figures compared to the average across various key macroeconomic indicators related to its stock market and market capitalization. With fewer listed domestic companies, lower stock value, and market capitalization below average, Malta's financial market appears relatively smaller and less developed compared to other countries in the dataset. These indicators are crucial as they reflect the depth, breadth, and overall sophistication of Malta's financial market, impacting its attractiveness to investors, capital raising capabilities for businesses, and overall economic competitiveness.

Investment

Foreign direct investment, net in Malta is at -11137475527.10 USD, significantly below the average of -1615235980.51 USD. Malta ranks 157 out of 169 countries in this attribute.
Foreign direct investment, net inflows in Malta amount to 4559447772.39 USD, below the average of 5749271080.15 USD. Malta ranks 33 out of 182 countries in this aspect.
Foreign direct investment, net inflows as a percentage of GDP in Malta stands at 29.89%, much higher than the average of 2.61%. Malta holds the 2nd position out of 178 countries in this category.
On the other hand, foreign direct investment, net outflows from Malta reach -6578027754.71 USD, well below the average of 5707991116.07 USD. Malta ranks 150 out of 156 countries in this metric.
Similarly, foreign direct investment, net outflows as a percentage of GDP are -43.13% in Malta, significantly lower than the average of 1.00%. Malta holds the 154th position out of 155 countries in this attribute.
Portfolio Investment, net in Malta is 7314975725.18 USD, much higher than the average of 679559169.57 USD. Malta ranks 22 out of 159 countries in this aspect.
Lastly, portfolio equity, net inflows in Malta amount to 218434488.43 USD, lower than the average of 9197145994.70 USD. Malta ranks 26 out of 125 countries in this category.

Summary

Malta demonstrates a significant difference in its foreign direct investment (FDI) compared to global averages. It excels in attracting FDI inflows relative to its GDP, ranking very high globally in this category. However, its FDI outflows and portfolio equity inflows are comparatively lower. These indicators are crucial as they reveal Malta's attractiveness to foreign investors, its capital investment strategies, and its integration into the global financial market.

Broad Trade Attributes

Trade (% of GDP): Malta's trade accounts for 333.12% of its GDP, far above the average of 82.34%. This places Malta at the 2nd rank out of 163 countries in the dataset.

Merchandise trade (% of GDP): Malta's merchandise trade represents 56.09% of its GDP, slightly below the average of 60.01%. Malta ranks 79th out of 186 countries in this aspect.

Trade in services (% of GDP): Malta's trade in services constitutes 226.79% of its GDP, significantly higher than the average of 24.63%. Malta is ranked 2nd out of 171 countries for this metric.

External balance on goods and services (current US$): Malta's external balance on goods and services is $2,200,691,173.47, which is below the average of $3,405,509,011.13. Malta ranks 43rd out of 163 countries in this category.

External balance on goods and services (% of GDP): Malta's external balance is 14.42% of its GDP, above the average of -5.97%. Malta ranks 7th out of 163 countries based on this indicator.

Summary

Malta excels in trade, with its trade, trade in services, and external balance contributing significantly to its GDP compared to the global average. The country ranks high in these aspects, showcasing its strong economic ties and competitiveness in the international market. The positive external balance highlights Malta's ability to export more goods and services than it imports, contributing to its economic stability and potential for growth.

Net Trade

Malta's current account balance is $348,600,748.12, which is below the average of $1,443,864,831.49, ranking 55th out of 170 countries in the dataset.

The current account balance as a percentage of GDP for Malta is 2.29%, above the average of -2.36%, placing Malta 44th out of 170 countries.

Malta's net trade in goods and services is $2,570,755,887.39, slightly below the average of $2,604,730,003.57, ranking 41st out of 171 countries.

For net primary income, Malta has a value of -$2,000,437,950.37 compared to the average of -$903,807,529.74, placing Malta 122nd out of 170 countries.

Malta's net secondary income is -$221,717,188.90, above the average of -$269,227,340.40, ranking 129th out of 170 countries.

The net trade in goods for Malta is -$1,389,054,669.38, significantly below the average of $1,302,831,005.68, ranking 106th out of 171 countries.

Malta's net capital account is $95,198,047.96, below the average of $136,543,824.05, positioning Malta 68th out of 159 countries.

Lastly, Malta's net financial account stands at -$308,837,886.52, higher than the average of -$469,840,994.63, ranking 93rd out of 170 countries.

Summary

Malta's current account balance, net trade in goods and services, and net capital account are all below average, indicating a potential imbalance in its international trade and financial transactions. On the other hand, Malta's current account balance as a percentage of GDP is above average, showing relative strength in comparison to other countries. These indicators are crucial as they reflect Malta's economic interactions with the rest of the world, highlighting areas where the country may need to focus on to improve its economic stability and competitiveness.

Broad Export Attributes

Malta's exports of goods, services, and primary income amount to $33.44 billion, ranking 63rd out of 170 countries. This value is significantly below the attribute average of $146.24 billion.

Malta's exports of goods and services stand at $22.73 billion, placing it at the 67th position out of 170 countries. This figure is notably lower than the attribute average of $122.94 billion.

With exports of goods and services totaling $26.50 billion, Malta ranks 63rd out of 163 countries. The value is considerably under the attribute average of $129.60 billion.

Malta's exports of goods and services as a percentage of GDP are at 173.77%, positioning it 3rd out of 163 countries. This percentage is substantially higher than the attribute average of 38.19%.

The country's goods exports amount to $3.46 billion, securing Malta the 115th rank out of 171 countries. This value falls well below the attribute average of $93.31 billion.

Malta's ICT goods exports constitute 19.66% of total goods exports, placing the country at the 7th position out of 142 countries. This percentage is significantly above the attribute average of 3.81%.

Summary

Malta's export performance is below average in terms of total exports of goods, services, and primary income, as well as goods and services specifically, when compared to a group of countries. However, the country excels in the proportion of exports to GDP and the share of ICT goods exports. This high percentage of ICT goods exports indicates Malta's specialization in this sector, which could be crucial for its economic diversification and growth strategy.

Merchandise Exports

Malta's merchandise exports amount to $2,837,000,000, ranking 126th out of 187 countries. This value is significantly below the average of $89,542,711,229.95.

Malta's agricultural raw materials exports constitute 0.098% of its merchandise exports, ranking 132nd out of 151 countries. This percentage is much lower than the average of 2.974%.

Food exports represent 11.69% of Malta's merchandise exports, placing it at the 95th position out of 152 countries. This figure is notably lower than the average of 24.06%.

Malta's fuel exports account for 3.16% of its merchandise exports, ranking 75th out of 147 countries. This proportion is below the average of 13.70%.

With ores and metals exports making up 0.35% of total merchandise exports, Malta is positioned 138th out of 152 countries, significantly lower than the average of 9.10%.

The residual merchandise exports of Malta, which constitute 1.66% of its total merchandise exports, place it at the 47th position out of 166 countries. This value is below the average of 3.20%.

Summary

Malta's merchandise exports are below the global average, with particularly low levels in agricultural raw materials, food, fuel, ores and metals, and residual category. These indicators suggest a lack of diversification in Malta's export portfolio, which could make the country vulnerable to fluctuations in specific sectors and hinder its overall economic growth and stability.

Technology Exports

Malta's manufactures exports account for 84.36% of its merchandise exports, well above the attribute average of 42.62%. This places Malta at the 14th rank out of 152 countries in the dataset.

In terms of high-technology exports in current US dollars, Malta's value of $844,223,002 is significantly below the attribute average of $16,655,934,078.80, ranking Malta 53rd out of 151 countries.

Malta excels in high-technology exports as a percentage of manufactured exports, with a value of 35.34%, far exceeding the attribute average of 10.15%. This places Malta at the impressive 7th rank out of 150 countries.

Furthermore, Malta's medium and high-tech exports, accounting for 70.83% of its manufactured exports, are well above the attribute average of 34.29%. This positions Malta at the 13th rank out of 149 countries.

Summary

Malta showcases a strong performance in the field of exports, particularly in the manufacturing sector. Its high percentage of manufactures exports, high-technology exports as a percentage of manufactured exports, and medium and high-tech exports illustrate Malta's specialization and competitiveness in high-value industries. These statistics indicate Malta's ability to add value to its production processes, enhance technological capabilities, and potentially sustain economic growth through diversified export channels.

Service Exports

Malta's Service exports amount to $19,275,937,704.69, which is below the average of $28,917,292,503.82. Malta ranks 39th out of 171 countries in this category.

The ICT service exports of Malta are $94,339,558.23, significantly below the average of $4,578,501,153.77. Malta ranks 97th out of 166 countries for this attribute.

Malta's ICT service exports (% of service exports) is 0.49%, well below the average of 11.75%. Malta is ranked 162nd out of 166 countries in this regard.

In the Communications, computer, etc. category, Malta's value is 73.20%, notably above the average of 45.85%. Malta ranks 23rd out of 169 countries for this attribute.

Malta's Transport services (% of service exports) is 3.98%, lower than the average of 21.80%. The country ranks 149th out of 169 countries in this aspect.

For Travel services (% of service exports), Malta's value is 2.03%, significantly below the average of 26.40%. Malta ranks 160th out of 167 countries for this attribute.

Malta's Insurance and financial services (% of service exports) stands at 20.78%, well above the average of 6.46%. Malta is ranked 11th out of 161 countries in this category.

Summary

Malta exhibits a mixed performance in key macroeconomic indicators related to service exports. It performs well in the Communications, computer, etc. category, ranking 23rd globally. However, in ICT service exports and Travel services, Malta lags significantly behind the global averages, ranking 97th and 160th, respectively. The country's high ranking of 11th in Insurance and financial services underscores a sector that could potentially drive economic growth and stability.

These findings are crucial as they highlight Malta's strengths and weaknesses in the service export sector, indicating areas for potential growth and improvement. Understanding these indicators can help policymakers and business leaders tailor strategies to capitalize on strong sectors and address shortcomings, ultimately driving sustainable economic development.

Commercial Service Exports

Malta's Commercial service exports amount to $19.24 billion, ranking 38th out of 171 countries. This value is below the average of $28.51 billion.

Travel services contribute 2.04% to Malta's commercial service exports, ranking 161st out of 167 countries. This percentage is significantly below the average of 27.89%.

Computer, communications, and other services constitute 73.15% of Malta's commercial service exports, placing Malta 18th out of 169 countries. This value is notably above the average of 42.44%.

Insurance and financial services make up 20.82% of Malta's commercial service exports, ranking 13th out of 161 countries. This percentage is substantially higher than the average of 6.97%.

Transport services represent 3.99% of Malta's commercial service exports, placing Malta 151st out of 169 countries. This proportion is below the average of 23.37%.

Summary

Malta has a diverse composition of commercial service exports, with a significant emphasis on computer, communications, and other services, as well as insurance and financial services. However, the country's reliance on travel services is notably low compared to the average. This unique distribution of export sectors indicates Malta's strength in knowledge-intensive services, which can contribute to higher value-added activities and economic resilience in the face of global market fluctuations.

Broad Import Attributes

Malta's Imports of goods and services (current US$) amount to 24304808345.4655, which is below the attribute average of 126191355599.06197. Malta ranks 67 out of 163 countries in this category.

Imports of goods and services (% of GDP) in Malta stand at 159.35, significantly higher than the attribute average of 44.15. Malta occupies the 2nd rank out of 163 countries in this aspect.

Malta's ICT goods imports (% total goods imports) are at 9.11, slightly above the attribute average of 6.85. Malta holds the 30th rank out of 143 countries for this statistic.

In terms of Goods imports (BoP, current US$), Malta's value is 4847623604.95646, considerably below the attribute average of 92007788027.16908. Malta ranks 114th out of 171 countries in this regard.

Malta's Imports of goods and services (BoP, current US$) amount to 20163750752.8784, below the attribute average of 120321577988.12045. Malta holds the 74th rank out of 170 countries for this attribute.

For Imports of goods, services, and primary income (BoP, current US$), Malta's value is 32866487244.5756, significantly below the attribute average of 144514428722.27856. Malta ranks 65 out of 170 countries in this category.

Summary

Malta's imports of goods and services are below the global average in terms of both total value and as a percentage of GDP. However, the country excels in importing ICT goods compared to many others. Despite ranking lower in total goods imports, Malta's strategic focus on ICT goods imports highlights its prioritization of technology and innovation in its economy.

These findings are crucial for understanding Malta's economic landscape and its strategic priorities. The higher percentage of GDP spent on imports indicates a reliance on foreign goods and services, which can affect Malta's trade balance and overall economic stability. The emphasis on ICT goods imports suggests a forward-looking approach geared towards enhancing technological infrastructure and fostering innovation, which could positively impact Malta's economic competitiveness and future growth prospects in the digital economy.

Merchandise Imports

- Merchandise imports (current US$): Malta's merchandise imports amount to $5,718 million, significantly below the average of $89,385.6 million, ranking 111 out of 190 countries in the dataset.
- Manufactures imports (% of merchandise imports): Malta's imports of manufactures account for 68.82% of its total merchandise imports, slightly above the average of 66.76%, ranking 66 out of 152 countries.
- Agricultural raw materials imports (% of merchandise imports): Malta imports 0.30% of agricultural raw materials, well below the average of 1.27%, ranking 146 out of 152 countries.
- Food imports (% of merchandise imports): Food imports constitute 12.83% of Malta's merchandise imports, lower than the average of 15.89%, ranking 93 out of 152 countries.
- Fuel imports (% of merchandise imports): Malta's fuel imports represent 17.10% of its merchandise imports, higher than the average of 11.38%, ranking 24 out of 152 countries.
- Ores and metals imports (% of merchandise imports): Malta imports 0.87% of ores and metals, significantly below the average of 2.57%, ranking 122 out of 152 countries.
- Merchandise imports by the reporting economy, residual (% of total merchandise imports): Malta's residual imports account for 2.19% of its total merchandise imports, slightly below the average of 2.51%, ranking 38 out of 180 countries.

Summary

Malta's key macroeconomic indicators reveal that the country has a relatively smaller overall merchandise import value compared to the global average, positioning it at 111th place. However, Malta's higher reliance on imports of fuels and manufactures as a percentage of total imports, along with its lower imports of agricultural raw materials and ores/metals, indicate a specific focus on certain sectors. These indicators are important as they provide insights into Malta's trade composition, economic dependencies, and potential vulnerabilities in global supply chains.

Service Imports

1. For Service imports (BoP, current US$), Malta's value is $15,316,127,147.92, which is below the average of $27,615,356,170.47. Malta ranks 45th out of 171 countries.

2. Communications, computer, etc. (% of service imports, BoP) in Malta is 74.34%, above the average of 44.40%. Malta ranks 8th out of 169 countries.

3. Transport services (% of service imports, BoP) is significantly below average for Malta at 3.65%, compared to the average of 32.90%. Malta ranks 168th out of 169 countries.

4. Malta's Travel services (% of service imports, BoP) stand at 0.83%, much lower than the average of 14.14%. Malta holds the 165th rank out of 169 countries.

5. Insurance and financial services (% of service imports, BoP) represent 21.19% in Malta, surpassing the average of 8.53%. Malta ranks 10th out of 169 countries.

Summary

Malta exhibits a mixed profile in key macroeconomic indicators related to service imports. While the country performs well in communications, computer, etc. services and insurance and financial services, it lags significantly in transport services and travel services. These indicators are important as they offer insights into Malta's economic structure, highlighting its strengths and weaknesses in different service sectors compared to global averages.

Commercial Service Imports

Malta's commercial service imports amount to $15,302,150,248.27, ranking 45th out of 171 countries. This value is below the attribute average of $27,102,746,128.60.

The percentage of computer, communications, and other services in Malta's commercial service imports is 74.31%, ranking 6th out of 169 countries. This value is significantly above the attribute average of 41.71%.

Insurance and financial services represent 21.21% of Malta's commercial service imports, ranking 11th out of 169 countries. This percentage is notably higher than the attribute average of 8.85%.

Transport services constitute 3.65% of Malta's commercial service imports, placing Malta at 168th out of 169 countries. This percentage is considerably below the attribute average of 34.71%.

Travel services make up only 0.83% of Malta's commercial service imports, with a rank of 165th out of 169 countries. This figure is well below the attribute average of 14.73%.

Summary

Malta stands out in its commercial service imports with a notable emphasis on computer, communications, and other services, as well as insurance and financial services. However, the country lags in the importation of transport services and travel services compared to global averages. These findings are important as they indicate Malta's specialization in high-value services, potentially affecting its economic resilience and competitiveness in the global market.

Infrastructure

For Air transport, freight (million ton-km), Malta's value is 2.90 million ton-km, significantly below the average of 1384.37 million ton-km. Malta ranks 87th out of 126 countries for this attribute.

Regarding Air transport, registered carrier departures worldwide, Malta's value is 6289.09, well below the average of 134365.61. Malta ranks 97th out of 149 countries in this category.

In terms of Air transport, passengers carried, Malta records 549,318.55 passengers, notably lower than the average of 11,848,242.70 passengers. Malta holds the 87th position out of 149 countries for this statistic.

For Container port traffic (TEU: 20 foot equivalent units), Malta's value stands at 2,441,699 TEU, below the average of 6,907,110.27 TEU. Malta ranks 44th out of 110 countries for this specific attribute.

Summary

Malta exhibits below-average performance in key macroeconomic indicators related to air transport and container port traffic when compared to global averages. The country ranks relatively lower in metrics such as air freight, registered carrier departures, passengers carried, and container port traffic. These indicators are crucial for understanding Malta's connectivity, trade volume, and economic activity within the global market.

Information Technology Infrastructure

Malta has 7,445 Secure Internet servers, ranking 73 out of 193 countries. This value is below the average of 458,294.19 servers. Regarding Secure Internet servers per 1 million people, Malta has 14,446.99 servers, which is above the average of 14,067.17 servers, placing Malta at rank 44 out of 193 countries.

Regarding the percentage of individuals using the Internet, Malta has 86.86% of its population connected, exceeding the average of 64.77%. Malta ranks 39 out of 180 countries in this aspect. In terms of Fixed broadband subscriptions, Malta has 213,032 subscriptions, significantly below the average of 6,591,956.35 subscriptions. Malta is ranked 112 out of 185 countries in this category.

When it comes to Mobile cellular subscriptions, Malta has 633,123 subscriptions, well below the average of 42,526,463.87 subscriptions. This places Malta at rank 164 out of 193 countries based on the number of mobile cellular subscriptions.

Summary

Malta has a relatively low number of Secure Internet servers compared to the global average, but the country surpasses the average in terms of servers per 1 million people. Additionally, Malta boasts a high percentage of individuals using the Internet, although it lags behind in Fixed broadband subscriptions and Mobile cellular subscriptions compared to the global average.

These indicators are crucial as they provide insights into Malta's technological infrastructure, connectivity, and digital readiness compared to other countries. They can influence the country's competitiveness, economic development, and ability to participate in the global digital economy.

Energy Consumption

Malta's renewable energy consumption accounts for 9.18% of its total final energy consumption, which is significantly below the attribute average of 32.18%. This places Malta at a rank of 147 out of 191 countries in the dataset.

In terms of CO2 emissions, Malta emits 1610.7 kt of CO2, notably lower than the attribute average of 171895.94 kt. Malta ranks 149 out of 188 countries included in the dataset for CO2 emissions.

Summary

Malta's renewable energy consumption is relatively low at 9.18% compared to the global average of 32.18%, ranking it at 147 out of 191 countries analyzed. Additionally, Malta's CO2 emissions are significantly lower than the average, emitting only 1610.7 kt compared to the average of 171895.94 kt, placing it at 149 out of 188 countries for CO2 emissions.

These findings are crucial as they highlight Malta's position in sustainable energy practices and environmental impact. With low renewable energy consumption and CO2 emissions, Malta may need to focus on increasing renewable energy sources to align with global sustainability goals and reduce its carbon footprint further.

Government Balance Sheet

Malta's reserves and related items, valued at -26712794.47 current US$, is significantly below the average of 1924407186.58. With a rank of 104 out of 171 countries, Malta's performance in this attribute is notably lower.

Furthermore, Malta's total reserves minus gold stand at 919117709.38 current US$, also falling below the average of 74221588171.61. Ranked 128 out of 161 countries, Malta's position in this aspect is relatively weaker.

Malta's total reserves, including gold, amount to 930464309.38 current US$, displaying a deviation from the average of 85708019773.47. This places Malta at rank 129 out of 161 countries for this attribute.

Lastly, Malta's total reserves in months of imports are 0.3397, significantly lower than the average of 7.0969. With a rank of 147 out of 151 countries, Malta's standing in this category is notably below the norm.

Summary

Malta's reserves and related items, total reserves minus gold, total reserves including gold, and total reserves in relation to months of imports all fall significantly below the respective global averages. These indicators suggest that Malta may face challenges in terms of financial stability, liquidity, and economic resilience compared to other countries. Strengthening reserve management and increasing reserves levels could be crucial for Malta to enhance its economic security and withstand external shocks effectively.

Government Revenue

Malta's revenue, excluding grants (% of GDP) sits at 35.32%, which is above the average of 27.02%. In a dataset of 122 countries, Malta ranks 24th in this attribute.

Malta's social contributions (% of revenue) are 17.77%, below the average of 22.29%. With a ranking of 51 out of 81 countries, Malta contributes less socially compared to other nations in the dataset.

The country's taxes on goods and services (% of revenue) stand at 30.89%, slightly below the average of 31.82%. Malta is ranked 69th out of 122 countries in this aspect.

Malta's other taxes (% of revenue) are minimal at 0.48%, significantly lower than the average of 2.12%. This places Malta at a rank of 70 out of 106 countries for this attribute.

With taxes on income, profits, and capital gains (% of revenue) at 34.42%, Malta exceeds the average of 24.66%. Evidently, Malta ranks 24th out of 119 countries in this category.

Summary

Malta demonstrates strong revenue generation, surpassing the average for revenue excluding grants as a percentage of GDP and ranking 24th out of 122 countries. However, the country's social contributions fall below the average, indicating a lower contribution towards social welfare compared to other nations in the dataset. Malta's taxation on goods and services is slightly below average, while taxation on income, profits, and capital gains exceeds the average, placing Malta among the top 20% of countries in this category.

These indicators are crucial as they reveal Malta's fiscal policies and priorities. The high revenue, coupled with relatively low social contributions, suggests a focus on income generation over social welfare spending. The tax distribution highlights the government's strategy in revenue collection, with a significant reliance on income-related taxes compared to other forms of taxation.

Taxes

For Tax revenue (% of GDP), Malta has a value of 23.23%, which is higher than the average of 16.72%. Malta ranks 19th out of 123 countries in this attribute.

Regarding Taxes on income, profits and capital gains (% of total taxes), Malta's value is 52.32%, surpassing the average of 38.40%. Malta holds the 22nd rank out of 120 countries for this attribute.

In terms of Tariff rate, applied, weighted mean, all products (%), Malta's value is 1.48%, which is below the average of 5.21%. Malta ranks 129th out of 153 countries in this specific category.

Summary

Malta exhibits a strong tax system with tax revenue comprising 23.23% of its GDP, exceeding the global average of 16.72%. Additionally, the country's focus on taxes on income, profits, and capital gains is prominently high at 52.32%, surpassing the average of 38.40%. However, Malta's lower-than-average weighted mean tariff rate at 1.48% could suggest a more open trade policy compared to other nations. These indicators are vital as they showcase Malta's robust fiscal policies, which can impact its economic competitiveness and attractiveness to foreign investments.

Government Expenses

Malta's Expense (% of GDP) is 42.45%, which is above the attribute average of 31.69%. Malta ranks 25th out of 123 countries in this attribute.

For Compensation of employees (% of expense), Malta's value is 27.37%, slightly above the average of 24.70%. Malta ranks 51st out of 123 countries in this attribute.

Malta's Goods and services expense (% of expense) stands at 19.85%, higher than the average of 14.77%. Malta ranks 28th out of 122 countries in this attribute.

Interest payments (% of expense) in Malta are at 3.06%, below the average of 6.85%. It ranks 80th out of 121 countries.

Malta's Other expense (% of expense) is 5.06%, lower than the average of 8.29%. It ranks 74th out of 120 countries in this attribute.

For Subsidies and other transfers (% of expense), Malta's value is 35.59%, below the average of 43.29%. Malta ranks 76th out of 121 countries in this attribute.

Summary

Malta's Expense (% of GDP) is above the global average, indicating a higher level of spending relative to its economic output. Despite this, Malta demonstrates efficiency in managing its Compensation of employees and Goods and services expense, as both values are above the average rankings. However, the country's Interest payments are notably below average, suggesting prudent fiscal management.

These indicators are important as they provide insights into how Malta allocates its resources, manages its expenses, and prioritizes different components of its economy. Understanding these metrics can help identify potential areas for improvement in fiscal policies and budget allocations to ensure sustainable economic growth and stability.

Top Stats

Ranks in Top Decile For:

Attribute Rank/Total
Urban population (% of total population) 9/194
Services, value added (% of GDP) 9/183
Foreign direct investment, net inflows (% of GDP) 2/178
Trade (% of GDP) 2/163
Trade in services (% of GDP) 2/171
External balance on goods and services (% of GDP) 7/163
Exports of goods and services (% of GDP) 3/163
ICT goods exports (% of total goods exports) 7/142
Manufactures exports (% of merchandise exports) 14/152
High-technology exports (% of manufactured exports) 7/150
Medium and high-tech exports (% manufactured exports) 13/149
Insurance and financial services (% of service exports, BoP) 11/161
Insurance and financial services (% of commercial service exports) 13/161
Imports of goods and services (% of GDP) 2/163
Communications, computer, etc. (% of service imports, BoP) 8/169
Insurance and financial services (% of service imports, BoP) 10/169
Computer, communications and other services (% of commercial service imports) 6/169
Insurance and financial services (% of commercial service imports) 11/169

Ranks in Bottom Decile For:

Attribute Rank/Total
Population ages 0-14 (% of total population) 189/194
Rural population 180/190
Rural population (% of total population) 186/190
Birth rate, crude (per 1,000 people) 179/192
Fertility rate, total (births per woman) 187/190
Military expenditure (% of GDP) 137/148
Armed forces personnel, total 157/164
Forest area (sq. km) 189/191
Land area (sq. km) 185/194
Surface area (sq. km) 185/194
Renewable internal freshwater resources, total (billion cubic meters) 175/178
Industrial design applications, nonresident, by count 111/112
Trademark applications, nonresident, by count 119/130
Agriculture, forestry, and fishing, value added (% of GDP) 170/182
Textiles and clothing (% of value added in manufacturing) 90/93
Final consumption expenditure (% of GDP) 145/159
Households and NPISHs final consumption expenditure (% of GDP) 144/158
Foreign direct investment, net (BoP, current US$) 157/169
Foreign direct investment, net outflows (BoP, current US$) 150/156
Foreign direct investment, net outflows (% of GDP) 154/155
Ores and metals exports (% of merchandise exports) 138/152
ICT service exports (% of service exports, BoP) 162/166
Travel services (% of service exports, BoP) 160/167
Travel services (% of commercial service exports) 161/167
Agricultural raw materials imports (% of merchandise imports) 146/152
Transport services (% of service imports, BoP) 168/169
Travel services (% of service imports, BoP) 165/169
Transport services (% of commercial service imports) 168/169
Travel services (% of commercial service imports) 165/169
Total reserves in months of imports 147/151