International Security Bulletin

Malta

Republic of Malta

Capital: Valletta

History

Great Britain formally acquired possession of Malta in 1814. The island staunchly supported the UK through both world wars and remained in the Commonwealth when it became independent in 1964. A decade later Malta became a republic. Since about the mid-1980s, the island has transformed itself into a freight transshipment point, a financial center, and a tourist destination. Malta became an EU member in May 2004 and began using the euro as currency in 2008.

Geography

Metric Units

Total Area 316 sq km
Land Boundaries 0 km
Border Countries No data
Coastline 196.8 km
Terrain mostly low, rocky, flat to dissected plains; many coastal cliffs
Minimum Elevation 0 m
Maximum Elevation 253 m
Climate Mediterranean; mild, rainy winters; hot, dry summers
Natural Resources limestone, salt, arable land
Arable Land 28.12%
Permanent Crops 4.06%

Economy

Gross Domestic Product $11.14 billion
GDP (per capita) $26,100
GDP Growth 1.2%
Unemployment Rate 6.1%
Population in Poverty 15.4%
GINI Index 27.4

Budget & Debt

Expenditures $3.77 billion
Revenue $3.53 billion
Current Account Balance $-221.2 million
External Debt $48.79 billion

Trade

Exports $3.67 billion
Export Items machinery and mechanical appliances
Export Partners Germany 14%, France 10.5%, Greece 7.7%, Italy 7.4%, UK 6.4% (2011)
Imports $4.65 billion
Import Items mineral fuels, oils and products
Import Partners Italy 32%, France 8.4%, UK 8%, Germany 6.9% (2011)

People

Population 411,277
Population Growth 0.34%
Ethnic Groups Maltese (descendants of ancient Carthaginians and Phoenicians with strong elements of Italian and other Mediterranean stock)
Religion Roman Catholic (official) 98%
Life Expectancy 79.98 years
Infant Mortality 0.99 deaths/1,000 live births
Maternal Mortality 0.5 deaths/100,000 live births

Energy

Electricity Production 2.17 billion kWh
Electricity Consumption 1.99 billion kWh
From Fossil Fuels 99.7%
From Nuclear 0%
From Hydroelectric 0%
From Renewable Sources 0.3%