Economy & industry overview
Malta is a small, open, high-income EU member-state economy in the central Mediterranean, heavily oriented toward services, which account for roughly 87% of GDP. Key pillars include tourism, financial services, iGaming and online gaming, information technology, and aviation services, complemented by a pharmaceuticals and electronics manufacturing base. The economy has posted among the fastest growth rates in the EU, averaging around 6.6% real growth per year over the past decade, driven by robust domestic consumption and a thriving tourism sector. Malta adopted the euro in 2008 and benefits from full EU single-market access. Unemployment remains among the lowest in the EU at around 3.0–3.4%, and GDP per capita is well above the EU average in PPP terms.
Key sectors
Learn everything about Malta →Macro
| GDP nominal, USD | $24.32B |
| GDP growth real, annual | 4.0% |
| Inflation annual | 2.4% |
| Population people | 549K |
| GDP per capita USD | $41,738 |
| Market cap total listed, USD | $3.20B |
| Market cap / GDP | 13.1% |
| Unemployment | 3.1% |
| Listed companies | 34 |
| Exchange | Malta Stock Exchange (MSE) |
Data year: 2024. Sources: World Bank World Development Indicators 2024, IMF World Economic Outlook April 2026, Worldometers/IMF 2026, FocusEconomics Malta, European Commission Economic Forecast for Malta (Spring 2026), Trading Economics / Eurostat, National Statistics Office Malta, Malta Stock Exchange Official List, Wikipedia – Malta Stock Exchange, Wikipedia – List of companies listed on the Malta Stock Exchange, CSB Group – MPRP, Get Golden Visa – Malta Citizenship by Merit 2026, Global Citizen Solutions – MPRP 2026.
Latest news
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Largest listed companies
The biggest companies on the main local exchange, by market capitalisation.
| # | Company | Sector | Market capUSD | US listing |
|---|---|---|---|---|
| 1 | Bank of Valletta plcBOV · MSE | Banking | $950.00M | — |
| 2 | HSBC Bank Malta plcHSB · MSE | Banking | $520.00M | — |
| 3 | Malta International Airport plcMIA · MSE | Transport Infrastructure | $430.00M | — |
| 4 | GO plcGO · MSE | Telecommunications | $280.00M | — |
| 5 | RS2 Software plcRS2 · MSE | Software / FinTech | $220.00M | — |
| 6 | Simonds Farsons Cisk plcSFC · MSE | Food & Beverage | $210.00M | — |
| 7 | PG plcPG · MSE | Retail / Real Estate | $195.00M | — |
| 8 | International Hotel Investments plcIHI · MSE | Hospitality | $185.00M | — |
| 9 | Malita Investments plcMLT · MSE | Real Estate | $155.00M | — |
| 10 | APS Bank plcAPS · MSE | Banking | $130.00M | — |
| 11 | MIDI plcMDI · MSE | Real Estate | $115.00M | — |
| 12 | Lombard Bank Malta plcLOM · MSE | Banking | $95.00M | — |
| 13 | MaltaPost plcMTP · MSE | Postal & Delivery Services | $55.00M | — |
| 14 | MAPFRE Middlesea plcMMS · MSE | Insurance | $90.00M | — |
| 15 | BMIT Technologies plcBMIT · MSE | IT Services / Data Centres | $80.00M | — |
| 16 | AX Real Estate plcAXR · MSE | Real Estate | $75.00M | — |
| 17 | Medserv plcMDS · MSE | Oil & Gas Logistics | $65.00M | — |
| 18 | Hili Properties plcHLI · MSE | Real Estate | $60.00M | — |
| 19 | Grand Harbour Marina plcGHM · MSE | Recreational Services / Marine | $50.00M | — |
| 20 | Plaza Centres plcPZC · MSE | Real Estate | $45.00M | — |
| 21 | FIMBank plcFIM · MSE | Banking / Trade Finance | $40.00M | — |
| 22 | Lifestar Holding plcLSR · MSE | Insurance | $38.00M | — |
| 23 | Malta Properties Company plcMPC · MSE | Real Estate | $35.00M | — |
| 24 | Tigné Mall plcTML · MSE | Real Estate | $30.00M | — |
| 25 | M&Z plcMZ · MSE | FMCG / Distribution | $28.00M | — |
US-traded ETFs
Funds listed in the US that give exposure to this market, the simplest route for many US investors.
Local exchange & access
| Exchange | Malta Stock Exchange |
| Code | MSE |
| Website | www.borzamalta.com.mt |
| Currency | EUR |
Local broker access
The Malta Stock Exchange (MSE) uses the Xetra electronic trading platform. Most MSE-listed equities are lightly traded with low liquidity and wide bid-ask spreads, and the market is dominated by domestic retail investors. Foreign investors may open accounts with Maltese licensed stockbrokers and investment services firms regulated by the Malta Financial Services Authority (MFSA). There are no dedicated single-country Malta ETFs traded in the US. Malta-listed shares are not accessible via major US retail brokerage platforms and typically require engagement with a local or EU-based broker. No Malta-incorporated companies have US ADR listings.
Global brokers with foreign-market access
- Interactive Brokers — Direct access to 90+ markets worldwide, including many emerging exchanges.
- Saxo Bank — Multi-market access across Asia, Europe and the Middle East.
- Charles Schwab (Global) — Foreign ordinary shares on select markets; US-listed ADRs and ETFs.
- Fidelity International Trading — International stock trading on a number of developed and emerging markets.
Listed for convenience only. Not a recommendation. Available markets, fees and onboarding rules differ by broker and by your country of residence.
Relocation & residency
Investment visa / residency programme
Grants Permanent residency (MPRP); citizenship-by-investment programme terminated 2025
The Malta Permanent Residence Programme (MPRP), commonly called the Malta Golden Visa, allows non-EU, non-EEA, and non-Swiss nationals to obtain permanent residency through a qualifying investment. Requirements include either purchasing property at a minimum of €375,000 (Malta/Gozo) or renting at a minimum of €14,000/year, plus a contribution to the National Development and Social Fund. Malta's former Citizenship by Investment programme (MEIN) was terminated in 2025 following a European Court of Justice ruling that it was incompatible with EU law. Malta now offers citizenship only through a 'Citizenship by Merit' route for individuals making exceptional contributions to the national interest, not a structured investment pathway.
Minimum investment: $405.00K
Need help applying? Specialist investment-migration advisers such as Henley & Partners.
Foreign-investor access
Malta is an English-speaking EU member state with a well-established legal framework based on English common law and Napoleonic civil law traditions. EU nationals have the right to reside freely; non-EU nationals may apply under the MPRP for permanent residency. Malta offers a Global Residence Programme and other tax-residence schemes for non-domiciled individuals under which a flat annual minimum tax applies. The country has a warm Mediterranean climate, high-quality private healthcare, and international schools. Cost of living, particularly property prices, has risen significantly in recent years due to strong demand.