Malta has achieved an exceptional economic development during the last 40 years. Malta’s solid financial foundation enabled the country to emerge relatively unscathed from the financial crisis. As in most European countries, the economic crisis affected Malta but to a lesser extent than the rest of Europe.
The country's budget for 2011 anticipates a growth and includes measures aiming to attract FDI. Current economic reports on Malta are positive. Business investment increased sharply in 2010 driving strong economic recovery from the previous year with GDP reaching 3.7%. Malta places No.99 in world rankings according to GDP growth in 2010.
The forecast for 2011 GDP for Malta was or will be €6.56 billion – 5.09% more than the 2010 figure. Continued economic growth is expected for the foreseeable future notwithstanding the potential impact of a number of austerity packages announced across Europe.
