Malta 2002

Yearbook 2002

Malta. According to Countryaah website, national day of Malta is every September 21. The country can become a member of the EU on 1 May 2004, as decided by the EU summit in Copenhagen in December. A referendum on membership will be held in Malta in spring 2003.

Malta Border Countries Map

While the ruling Nationalist Party is running a Yes campaign, Labor is opposed to an EU accession. Prime Minister Eddie Fenech Adami has said he will resign if the yes side loses. General elections will be held in September 2003.

Malta has been hit hard by the decline in tourism following the terrorist attacks against the United States on September 11, 2001.

Former President and Secretary of State Agatha Barbara passed away on February 4, at the age of 78. She was one of the country’s most influential politicians.

Economy

Inflation rate 1.30%
Unemployment rate 4.6%
Gross domestic product (GDP) $ 19,260,000,000
GDP growth rate 6.70%
GDP per capita $ 41,900
GDP by sector
Agriculture 1.10%
Industry 10.20%
Service 88.70%
State budget
Revenue 2.851 billion
Expenditure 2.998 billion
Proportion of the population below the national poverty line 15.1%
Distribution of household income
Top 10% k. A.
Lower 10% k. A.
Industrial production growth rate 5.90%
Investment volume 13.4% of GDP
National debt 50.70% of GDP
Foreign exchange reserves $ 671,100,000
Tourism 2014
Visitors 1,690,000
Revenue $ 1,521,000,000