Malta - Market OpportunitiesMalta - Market Opportunities
• Malta is one of the EU’s fastest-growing economies, with strong tourism, financial services, online gaming and telecommunications industries. It has record-low unemployment and moderate wage growth. Malta’s GDP in 2017 was $13.5 billion – representing more than six percent growth over 2016 – with an estimated per capita GDP of $42,239. The European Commission predicts economic growth for Malta at 5.4 percent in 2018 and 5 percent in 2019, and it sees Malta as outperforming most of the other EU member states through 2019. Domestic demand will become the main driver of growth, underpinned by an expansion in public and private consumption.
• Malta is working toward maximizing its potential as a center for international business in the Euro-Med region. A number of companies increasingly use Malta as a base for operations in North Africa—particularly those from Tunisia and Libya.
• Since 2014, the government has promoted public-private partnerships (PPPs) in the healthcare sector to establish Malta as a Mediterranean health hub for medical tourism and to expand capacity for the domestic market. The government is interested in pursuing new PPP opportunities.
• Major market sectors include: information communications technology (ICT), oil and gas, infrastructure, construction, information handling, pharmaceuticals, medical equipment, automotive components, light engineering, alternative and renewable energy, research & development, franchising, security, environmental waste technology, and agriculture technology including medical marijuana production.
• Services represent the largest and fastest-growing sector of the Maltese economy. Banking, investment, blockchain and cryptocurrency, insurance, communications, software development and online gaming, education, tourism, ship-repair/aircraft servicing, registration of ships and aircrafts, health care services, aviation, logistics, film industry, professional services, and back office operations are the largest service sub-sectors.
• Among agricultural products, the best U.S. potential export produce appears to be in grain, particularly red winter and soft wheat. Prepared by our U.S. Embassies abroad. With its network of 108 offices across the United States and in more than 75 countries, the U.S. Commercial Service of the U.S. Department of Commerce utilizes its global presence and international marketing expertise to help U.S. companies sell their products and services worldwide. Locate the U.S. Commercial Service trade specialist in the U.S. nearest you by visiting http://export.gov/usoffices.
• Malta is working toward maximizing its potential as a center for international business in the Euro-Med region. A number of companies increasingly use Malta as a base for operations in North Africa—particularly those from Tunisia and Libya.
• Since 2014, the government has promoted public-private partnerships (PPPs) in the healthcare sector to establish Malta as a Mediterranean health hub for medical tourism and to expand capacity for the domestic market. The government is interested in pursuing new PPP opportunities.
• Major market sectors include: information communications technology (ICT), oil and gas, infrastructure, construction, information handling, pharmaceuticals, medical equipment, automotive components, light engineering, alternative and renewable energy, research & development, franchising, security, environmental waste technology, and agriculture technology including medical marijuana production.
• Services represent the largest and fastest-growing sector of the Maltese economy. Banking, investment, blockchain and cryptocurrency, insurance, communications, software development and online gaming, education, tourism, ship-repair/aircraft servicing, registration of ships and aircrafts, health care services, aviation, logistics, film industry, professional services, and back office operations are the largest service sub-sectors.
• Among agricultural products, the best U.S. potential export produce appears to be in grain, particularly red winter and soft wheat. Prepared by our U.S. Embassies abroad. With its network of 108 offices across the United States and in more than 75 countries, the U.S. Commercial Service of the U.S. Department of Commerce utilizes its global presence and international marketing expertise to help U.S. companies sell their products and services worldwide. Locate the U.S. Commercial Service trade specialist in the U.S. nearest you by visiting http://export.gov/usoffices.