Malta banking services
*If you have assets worth $300,000 USD or more and would like it safeguarded in an Malta Bank Account, click here for a consultation request..
Economy—overview: Significant resources are limestone a favorable geographic location and a productive labor force. Malta produces only about 20% of its food needs has limited freshwater supplies and has no domestic energy sources. The economy is dependent on foreign trade manufacturing (especially electronics and textiles) and tourism; the state-owned Malta drydocks employs about 3 800 people. In 1996 approximately 1 million tourists visited the island. Per capita GDP of $12 900 places Malta in the range of the less affluent EU countries. The island is divided politically over the question of joining the EU.
GDP: purchasing power parity—$4.9 billion (1997 est.)
GDP—real growth rate: 2.8% (1997 est.)
GDP—per capita: purchasing power parity—$12 900 (1997 est.)
GDP—composition by sector:
agriculture: 5%
industry: 34%
services: 61% (1995 est.)
Inflation rate—consumer price index: 2.3% (1996)
Labor force:
total: 148 085 (September 1996)
by occupation: public services 34% other services 32% manufacturing and construction 22% agriculture 2% (1996)
Unemployment rate: 3.7% (September 1996)
Budget:
revenues: $1.3 billion
expenditures: $1.5 billion including capital expenditures of $219 million (1997 est.)
Industries: tourism; electronics ship building and repair construction; food and beverages textiles footwear clothing tobacco
Industrial production growth rate: NA%
Electricity—capacity: 250 000 kW (1994)
Electricity—production: 1.45 billion kWh (1995)
Electricity—consumption per capita: 3 923 kWh (1995)
Agriculture—products: potatoes cauliflower grapes wheat barley tomatoes citrus cut flowers green peppers; pork milk poultry eggs
Exports:
total value: $1.7 billion (f.o.b. 1996)
commodities: machinery and transport equipment clothing and footware printed matter
partners: Italy 32% Germany 16% UK 8%
Imports:
total value: $2.8 billion (c.i.f. 1996)
commodities: food petroleum machinery and semimanufactured goods
partners: Italy 27% Germany 14% UK 13% US 9%
Debt—external: $134 million (1996)
Economic aid:
recipient: ODA $NA
Currency: 1 Maltese lira (LM) = 100 cents
Exchange rates: Maltese liri (LM) per US$1—0.3960 (January 1998) 0.3857 (1997) 0.3604 (1996) 0.3529 (1995) 0.3776 (1994) 0.3821 (1993)
Fiscal year: 1 April—31 March
Source - world66.com
*If you have assets worth $300,000 USD or more and would like it safeguarded in an Malta Bank Account, click here for a consultation request..
* Akbank
* APS Bank
* Banif Bank (Malta)
* Bank of Valletta
* BAWAG Malta Bank
* CommBank Europe
* Erste Bank (Malta)
* FIMBank
* Finansbank (Malta)
* Fortis Bank Malta
* HSBC Bank Malta
* Investkredit International Bank
* Izola Bank
* Lombard Bank Malta
* Mediterranean Bank
* Raiffeisen Malta Bank
* Saadgroup Bank Europe
* Sparkasse Bank Malta
* The International Banking Corporation (Malta)
* Turkiye Garanti Bankasi
* Volksbank Malta