Attribute | Value |
---|---|
Geography | |
Area | 316 km² |
Continent | Europe |
Land area | 316 km² |
Water area | 0 km² |
Land boundaries | 0 km |
Border countries | Add |
Coastline | 196.8 km |
Mean elevation | Add |
Lowest point | 0 m |
Highest point | 253 m |
People | |
Population | 457,267 |
Official languages |
|
Religion | Roman Catholic |
Government | |
Long country name | Republic of Malta |
Short country name | Malta |
Long local name | Repubblika ta' Malta |
Short local name | Malta |
Former name | Add |
Government type | Parliamentary republic |
Capital | Valletta |
Economy | |
GDP (PPP) | 19,260,000,000 USD |
GDP (OER) | 12,580,000,000 USD |
GDP (real growth rate) | 6.7 % |
GDP - per capita (PPP) | 41,900 USD |
Gross national saving | 33.5 % of GDP |
Labor force | 206,300 |
Unemployment rate | 4.6 % |
Population below poverty line | 16.3 % |
Budget revenues | 5,076,000,000 USD |
Budget expenditures | 4,583,000,000 USD |
Military expenditures | 0.49 % of GDP |
Taxes and other revenues | 40.4 % of GDP |
Budget surplus or deficit | 3.9 % of GDP |
Public debt | 50.7 % of GDP |
Inflation rate | 1.3 % |
Central bank discount rate | -0.35 % |
Commercial bank prime lending rate | 3.7 % |
Stock of narrow money | 17,930,000,000 USD |
Stock of broad money | 17,930,000,000 USD |
Stock of domestic credit | 13,970,000,000 USD |
Market value of publicly traded shares | 4,632,000,000 USD |
Current account balance | 1,712,000,000 USD |
Exports | 3,272,000,000 USD |
Imports | 4,996,000,000 USD |
Reserves of foreign exchange and gold | 833,000,000 USD |
External debt | 90,980,000,000 USD |
National currency | euros |
National currency (code) | EUR |
National currency (symbol) | € |
National currency rate to USD | 0.885 |
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, Byzantines, Moors, Normans, Sicilians, Spanish, Knights of St. John, and the French. Most recently a British colony (since 1814), Malta gained its independence in 1964 and declared itself a republic ten years later. While under British rule, the island staunchly supported the UK through both world wars. Since about the mid-1980s, the island has transformed itself into a freight transshipment point, a financial center, and a tourist destination while its key industries moved toward more service-oriented activities. Malta became an EU member in May 2004 and began using the euro as currency in 2008.