Malta - Future trends

Malta is well positioned to continue its economic growth over the next decade. The favorable labor situation should continue to attract foreign companies and investment, while low prices for goods and accommodations will continue to draw tourists to the islands. Because the nation is dependent on tourism and foreign trade, it is vulnerable to slowdowns in the economies of its major trading partners.

Entry into the EU will expand Malta's economic opportunities since it will cut tariffs and taxes on Maltese goods imported by EU member states. It will also make it easier for EU companies to relocate to Malta. The most important issue for Malta is the need to lessen the role of the government in the economy. Therefore, the continuing privatization efforts are crucial for long-term growth.