Compare Malta (2008) - Malta (2007)

Compare Malta (2008) z Malta (2007)

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	Malta (2008)	Malta (2007)

Background	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 will begin to use the Euro as currency in 2008.	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.
Budget	revenues: $3.316 billion expenditures: $3.368 billion (2007 est.)	revenues: $2.851 billion expenditures: $2.998 billion (2005 est.)
Diplomatic representation in the US	chief of mission: Ambassador Mark MICELI-FARRUGIA chancery: 2017 Connecticut Avenue NW, Washington, DC 20008 telephone: [1] (202) 462-3611, 3612 FAX: [1] (202) 387-5470 consulate(s): New York	chief of mission: Ambassador John LOWELL chancery: 2017 Connecticut Avenue NW, Washington, DC 20008 telephone: [1] (202) 462-3611, 3612 FAX: [1] (202) 387-5470 consulate(s): New York
Economic aid - recipient	$6.19 million (2004)	$NA (2004)
Economy - overview	Major resources are limestone, a favorable geographic location, and a productive labor force. Malta produces only about 20% of its food needs, has limited fresh water supplies, and has few domestic energy sources. The economy is dependent on foreign trade, manufacturing (especially electronics and pharmaceuticals), and tourism. Economic recovery of the European economy has lifted exports, tourism, and overall growth. Malta adopted the euro on 1 January 2008.	Major resources are limestone, a favorable geographic location, and a productive labor force. Malta produces only about 20% of its food needs, has limited fresh water supplies, and has few domestic energy sources. The economy is dependent on foreign trade, manufacturing (especially electronics and pharmaceuticals), and tourism. Continued sluggishness in the European economy is holding back exports, tourism, and overall growth.
Exchange rates	Maltese liri per US dollar - 0.3106 (2007), 0.37 (2006), 0.34578 (2005), 0.34466 (2004), 0.37723 (2003)	Maltese liri per US dollar - 0.37 (2006), 0.34578 (2005), 0.34466 (2004), 0.37723 (2003), 0.43362 (2002)
Exports	0 bbl/day (2004)	NA bbl/day
GDP - real growth rate	3.4% (2007 est.)	2.9% (2006 est.)
Imports	18,210 bbl/day (2004)	NA bbl/day
Inflation rate (consumer prices)	0.9% (2007 est.)	2.8% (2006 est.)
International organization participation	Australia Group, C, CE, CPLP (associate), EBRD, EIB, EMU, EU, FAO, IAEA, IBRD, ICAO, ICCt, ICRM, IFAD, IFC, IFRCS, ILO, IMF, IMO, IMSO, Interpol, IOC, IOM, IPU, ISO, ITSO, ITU, ITUC, MIGA, NSG, OPCW, OSCE, PCA, Schengen Convention, UN, UNCTAD, UNESCO, UNIDO, Union Latina (observer), UNWTO, UPU, WCL, WCO, WHO, WIPO, WMO, WTO	Australia Group, C, CE, CPLP (associate), EBRD, EIB, EU, FAO, IAEA, IBRD, ICAO, ICCt, ICRM, IFAD, IFC, IFRCS, ILO, IMF, IMO, IMSO, Interpol, IOC, IOM, IPU, ISO, ITSO, ITU, ITUC, MIGA, NSG, OPCW, OSCE, PCA, UN, UNCTAD, UNESCO, UNIDO, Union Latina (observer), UNWTO, UPU, WCL, WCO, WHO, WIPO, WMO, WTO
Legislative branch	unicameral House of Representatives (usually 65 seats; members are elected by popular vote on the basis of proportional representation to serve five-year terms; note - additional seats are given to the party with the largest popular vote to ensure a legislative majority) elections: last held 12 April 2003 (next to be held by 8 March 2008) election results: percent of vote by party - PN 51.8%, MLP 47.5%, AD 0.7%; seats by party - PN 34, MLP 31	unicameral House of Representatives (usually 65 seats; members are elected by popular vote on the basis of proportional representation to serve five-year terms; note - additional seats are given to the party with the largest popular vote to ensure a legislative majority) elections: last held 12 April 2003 (next to be held by August 2008) election results: percent of vote by party - PN 51.8%, MLP 47.5%, AD 0.7%; seats by party - PN 34, MLP 31
Telephone system	general assessment: automatic system satisfies normal requirements; fixed-line teledensity 50 per 100 persons; mobile-cellular teledensity about 90 per 100 persons domestic: submarine cable and microwave radio relay between islands international: country code - 356; submarine cable connects to Italy; satellite earth station - 1 Intelsat (Atlantic Ocean)	general assessment: automatic system satisfies normal requirements domestic: submarine cable and microwave radio relay between islands international: country code - 356; 2 submarine cables; satellite earth station - 1 Intelsat (Atlantic Ocean)

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