Malta Location Economic Profile and Analysis
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General Information
Location: Malta
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General Description
Area: 316 km2 (207th) 122 sq mi
Government: Parliamentary republic
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Population
Total(s): 2014 estimate 445,426
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Malta (mɒltə), officially the Republic of Malta, is a Southern European island country comprising an archipelago in the Mediterranean Sea. It lies 80 km (50 mi) south of Italy, 284 km (176 mi) east of Tunisia, and 333 km (207 mi) north of Libya. The country covers just over 316 km2 (122 sq mi), with a population of just under 450,000 (despite an extensive emigration program since the Second World War), making it one of the world's smallest and most densely populated countries. The capital of Malta is Valletta, which at 0.8 km2, is the smallest national capital in the European Union. Malta has two official languages: Maltese and English.
Economic Advantages of Malta Update
Malta's major resources are limestone, a favourable geographic location and a productive labour force. Potential for solar energy from its plentiful sunlight. Film production is a growing contributor to the Maltese economy. The government is investing heavily in education, including college. Malta has a unique combination of a multi-lingual workforce and a strong legal system. Malta does not have a property tax. The country has been successful in attracting gaming businesses, aircraft and ship registration, credit-card issuing banking licences and also fund administration. Malta is a popular tourist destination, with 1.6 million tourists per year.
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Economic Disadvantages of Malta Update
Malta produces only about 20% of its food needs, has limited freshwater supplies because of the drought in the summer and has no domestic energy sources.
Car ownership in Malta is exceedingly high, considering the very small size of the islands; it is the fourth-highest in the European Union.
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