Financial Services Sector now represents 11% of Maltese economy
According to the annual report of the Malta Financial Services Authority (MFSA), which has just been published, the financial services sector now represents 11% of the Maltese economy. In 2017, Malta’s economic growth rate continued to be higher than the European Union and Euro Zone averages, with the increase in service exports being the main driving force behind this economic expansion. The financial services sector has remained robust and solid, growing in size, diversity and attractiveness, and is today a fundamental pillar of the Maltese economy.
The MFSA’s annual report also highlights the fact that 5,297 new companies were registered in 2017, an increase of 2.5% year-on-year. Additionally, 109 companies from other jurisdictions were redomiciled.
The full report is available for consultation online here.