https://www.confiduss.com/en/jurisdictions/malta/economy/ - Economy of Malta

Malta is considered a developed nation. A nation's level of development is determined by a number of factors including, but not limited to, economic prosperity, life expectancy, income equality and quality of life. As a developed nation, Malta is able to offer its citizens social services such as public education, health care and law enforcement. Citizens of developed countries enjoy a high standard of living and longer life expectancies than citizens of developing countries. Every year Malta exports about US$5.11 billion and imports about US$7.44 billion. 3.5% of the country's population is unemployed. The total number of unemployed in Malta is 15,123. In Malta, 16.3% of the population lives below the poverty line. The percentage of citizens living below the poverty line in Malta is quite high, but not a cause for great concern in terms of investment. Potential lenders should look at other economic indicators, including GDP, the rate of urbanization and the strength of the currency, before making investment decisions. Government spending on education is 6.4% of GDP. The country's Gini index is 27.9. Malta experiences a high level of equality. The income differences between citizens are only slightly significant. Malta has a Human Development Index (HDI) of 0.829. Malta has a high HDI score. This suggests that the majority of citizens will be able to live a worthwhile life while providing significant help and support to citizens with lower living standards. The Strength Law Index for Malta is 2. Overall it is considered rather weak – bankruptcy and collateral laws fail to protect borrowers' and lenders' rights in the event of credit-related complications; Credit information, if any, is scarce and difficult to access.

Currency
The currency of Malta is the euro. There are several plural forms of the name "euro". These are euros, euros. The symbol used for this currency is €, abbreviated to EUR. The euro is divided into cents; 1 euro is 100.

Credit rating
According to the rating agency S&P, Malta has a credit rating of BBB+ and the prospects for this rating are stable. According to the rating agency Fitch, Malta has an A+ credit rating and the prospects for this rating are stable. According to the rating agency Moody's, Malta has a credit rating of A3 and the prospects for this rating are stable.

Central bank
In Malta, the institution that administers the government's currency, money supply and interest rates is called the Central Bank of Malta. Locally, the central bank of Malta is called Bank Ċentrali ta' Malta. The average interest rate on deposits offered by local banks in Malta is 2.7%.

National debt
Malta has a public debt of 43.3% of the country's gross domestic product (GDP) as estimated in 2012.

Control information
Corporate tax in Malta is 35%. Personal income tax ranges from 0% to 35% depending on your specific situation and income level. VAT in Malta is 18%.

Finances
Total Gross Domestic Product (GDP) valued as Purchasing Power Parity (PPP) in Malta is US$14122 billion. The gross domestic product (GDP) per capita calculated as purchasing power parity (PPP) in Malta was last at 33 million US dollars. PPPs in Malta are considered below average compared to other countries. Below-average PPPs indicate that citizens in this country find it difficult to buy local goods. Local goods can include food, shelter, clothing, healthcare, personal hygiene, essential furnishings, transportation and communications, laundry, and various types of insurance. Countries with below-average purchasing power parities are dangerous locations for investments. The total gross domestic product (GDP) in Malta is 9.971 billion. Based on this statistic, Malta is considered to be medium strong. Middle economy countries support an average number of industries and investment opportunities. It shouldn't be too difficult to find worthwhile investment opportunities in mid-sized economies. The gross domestic product (GDP) per capita in Malta was last at 23 million US dollars. The average citizen in Malta has very little wealth. Countries with very low wealth per capita often have lower life expectancies and a dramatically lower quality of life for their citizens. In countries with very low levels of prosperity, it can be very difficult to find a highly skilled workforce as it is difficult for citizens to obtain the education required for specialized industries. In comparison z