(observer affiliate), WHO, WIPO,
WMO, WToO, WTO

Diplomatic representation in the US:
chief of mission: Ambassador John LOWELL
consulate(s): New York
FAX: [1] (202) 387-5470
telephone: [1] (202) 462-3611, 3612
chancery: 2017 Connecticut Avenue NW, Washington, DC 20008

Diplomatic representation from the US:
chief of mission: Ambassador (vacant); Charge d'Affaires William
GRANT
embassy: 3rd Floor, Development House, Saint Anne Street, Floriana,
Malta VLT 01
mailing address: P. O. Box 535, Valletta, Malta, CMR01
telephone: [356] 2561 4000
FAX: [356] 21 243229

Flag description:
two equal vertical bands of white (hoist side) and red; in the
upper hoist-side corner is a representation of the George Cross,
edged in red

Economy Malta

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 no domestic energy
sources. The economy is dependent on foreign trade, manufacturing
(especially electronics and textiles), and tourism. Malta is
privatizing state-controlled firms and liberalizing markets in order
to prepare for membership in the European Union. The island remains
divided politically, however, over the question of joining the EU.
Continued sluggishness in the global economy is holding back
exports, tourism, and overall growth.

GDP:
purchasing power parity - $7.082 billion (2003 est.)

GDP - real growth rate:
0.8% (2003 est.)

GDP - per capita:
purchasing power parity - $17,700 (2003 est.)

GDP - composition by sector:
agriculture: 3%
industry: 23%
services: 74% (2003 est.)

Investment (gross fixed):
23.1% of GDP (2003)

Population below poverty line:
NA

Household income or consumption by percentage share:
lowest 10%: NA
highest 10%: NA

Inflation rate (consumer prices):
0.4% (2003 est.)

Labor force:
160,000 (2002 est.)

Labor force - by occupation:
agriculture 5%, industry 24%, services 71% (1999 est.)

Unemployment rate:
7% (2003 est.)

Budget:
revenues: $2.086 billion
expenditures: $2.367 billion, including capital expenditures of NA
(2003)

Agriculture - products:
potatoes, cauliflower, grapes, wheat, barley, tomatoes, citrus, cut
flowers, green peppers; pork, milk, poultry, eggs

Industries:
tourism; electronics, ship building an