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The currency of the country is Euro. The symbol used for this currency is €, abbreviated to EUR. 3.5% of the country's population is unemployed. The total number of unemployed in Malta is 15,123. Every year Malta exports about US$5.11 billion and imports about US$7.44 billion. The country's Gini index is 27.9. Malta has a Human Development Index (HDI) of 0.829. Malta has a public debt of 43.3% of the country's gross domestic product (GDP) as estimated in 2012. 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. The main industries of the country are tourism, electronics, ship building and repair, construction, food and beverage, pharmaceuticals, footwear, clothing, tobacco, aviation services, financial services, information technology services.
Total Gross Domestic Product (GDP) valued as Purchasing Power Parity (PPP) in Malta is US$14,122 billion. Every year, consumers spend around $5,051 million. The ratio of consumer spending to GDP in Malta is 0% and the ratio of consumer spending to world consumer market is 0.0145. 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%.
https://www.confiduss.com/en/jurisdictions/malta/economy/
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