The population statistics and per capita GDP statistics at the NUTS 3 level are not being supplied in this news release due to temporary unavailability of population time series resulting from revisions linked to the 2021 Census of Population and Housing. Population revisions and time series restoration are expected to be accessible in the first quarter of 2024.
Regional Gross Value Added (GVA) Profile
In 2022, the GVA at basic prices in the regions of Malta, and Gozo and Comino was estimated at €15,454.5 million and €658.9 million respectively; reflecting corresponding increases of 15.3 and 14.8 per cent over 2021 (Table 1). Charts 1 and 2 illustrate analyses of the contributions to national GVA by industry (A*10/11) and region (NUTS 3).
Chart 1. Regional contribution to GVA (B.1g) by industry A*10/11 and region (NUTS 3)
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Note: A description of the NACE Rev. 2 Classifications outlined in the chart above can be accessed from here.
Chart 2. Percentage distribution of regional GVA (B.1g) by industry A*10/11 and region (NUTS 3)
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Note: A description of the NACE Rev. 2 Classifications outlined in the chart above can be accessed from here.
Malta region
All industries registered increases in GVA during 2022. The industries of Wholesale and retail trade; repair of motor vehicles and motorcycles, Transportation and storage, and Accommodation and food service activities (G, H and I) registered the largest growth of 43.1 per cent over 2021 and accounted for the largest share of the GVA at 18.8 per cent. The industries comprising Professional, scientific and technical activities, and Administrative and support service activities (M and N) contributed to the second largest share of the GVA (16.4 per cent). These industries registered a growth in GVA of 15.0 per cent when compared to 2021 (Table 1, Chart 3).
Chart 3. Percentage industry contribution to GVA by industry A*10/11 and region (NUTS 3)
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Note: A description of the NACE Rev. 2 Classifications outlined in the chart above can be accessed from here.
Gozo and Comino region
In 2022, the majority of industries registered increases in GVA when compared to the previous year, with the exception of the industries of Agriculture, forestry and fishing (A) and Financial and insurance activities (K). The industries of Public administration and defence; compulsory social security, Education, and Human health and social work activities (O, P and Q) accounted for the highest share of the GVA at 24.5 per cent and have registered an increase of 6.1 per cent over 2021. The industries comprising Wholesale and retail trade; repair of motor vehicles and motorcycles, Transportation and storage, and Accommodation and food service activities (G, H and I) accounted for the second highest share of the GVA at 21.2 per cent and have registered a growth of 38.1 per cent over 2021 (Table 1, Chart 3).
Regional Gross Domestic Product
In 2022, GDP at market prices in the regions of Malta, and Gozo and Comino was estimated at €16,717.4 million and €712.7 million respectively, corresponding to 95.8 and 4.1 per cent of national GDP at market prices.
Employment
In 2022, all industries in the Malta region registered increases in employment when compared to the previous year. The largest percentage increases resulted in the economic activities relating to Professional, scientific and technical activities, and Administrative and support service activities (M and N), and Construction (F), which registered growths of 14.2 and 11.8 per cent respectively (Table 3).
Almost all industries in the Gozo and Comino region registered increases in employment during 2022, with the exception of a drop in the industry of Financial and insurance activites (K). The industry related to Agriculture, forestry and fishing (A) retained the same employment figure as 2021. The largest increase was registered in the economic activity related to Construction (F) with a growth rate of 12.7 per cent over 2021 (Table 3).
Methodological Notes
1. All data in this news release is in line with the European System of Accounts (ESA 2010) (ISBN 978-92-79-31242-7) and the manual on Regional Accounts Methods (ISBN 978-92-79-32357-7). The European System of National and Regional Accounts is an internationally compatible accounting framework for a systematic and detailed description of a total economy (whether this is a region, a country, or a group of countries), its components, and its relations with other total economies. Regional accounts are a regional specification of the corresponding accounts of the total economy.
2. The estimates of the national Gross Value Added (GVA) correspond to the news release Gross Domestic Product: Q2/2023 – NR158/2023 for 2018 and Gross Domestic Product: Q3/2023 – NR214/2023 for 2019-2022.
3. GVA estimates in this news release are based on the Production Approach. The estimates of regional GVA at basic prices using the Production Approach is equivalent to the difference between output at basic prices and intermediate consumption at purchasers’ prices of industries physically located in each of the respective regions. Regional GDP is defined as regional GVA plus taxes less subsidies on products. Regional GDP is not a measure of income or financial well-being but strictly relates to the economic activity prevailing in a particular region.
| NUTS 0 | NUTS 1 | NUTS 2 | NUTS 3 | |
| MALTA | MT | MT0 | MT00 | |
| Malta | MT001 | |||
| Gozo and Comino | MT002 | |||
| Extra-Regio | MTZ | MTZZ | MTZZZ |
The population statistics and per capita GDP statistics at the NUTS 3 level are not being supplied in this news release due to temporary unavailability of population time series resulting from revisions linked to the 2021 Census of Population and Housing. Population revisions and time series restoration are expected to be accessible in the first quarter of 2024.
- Estimates for 2022 indicate that the contribution of Gozo and Comino region to national GDP accounted to 4.1 per cent.
- In 2022, GVA at basic prices in Malta, and Gozo and Comino regions increased by 15.3 per cent and 14.8 per cent respectively over 2021.
- Relative to Malta region, the Gozo and Comino economy is characterised by a higher proportion of economic activity resulting from Public administration and defence; compulsory social security, Education, and Human health and social work activities (O, P and Q).
