The economy of a small island state Malta, 1960-1993

Abstract

In 1993, the Maltese GNP was approximately US$25,000 million and the Maltese population was approximately 360 thousand, occupying a land area of around 320 square kilometres. Malta's GNP per capita, however, is not one of the smallest when comparing it acress countries. Although usually classified as a developing country, its average 1993 per capita GNP amounted to approximately US$8000, which is higher than most third world countries. The World Bank, in its World Development Report classifies the Maltese economy as an upper middle income one.