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Malta has weathered the euro-zone crisis better than most EU member states due to a low debt-to-GDP ratio and financially sound banking sector. approximately 18.7 per cent of Gross Domestic Product (GDP). In addition, around half a million tourists visited Malta via luxurious cruise liners which berth in the majestic Grand Harbour. Whilst the typical tourist is British, Malta has become a popular desti-nation with Italian, German, rencFh and Spanish tourists which together with the British Malta The Human Capital Index (HCI) database provides data at the country level for each of the components of the Human Capital Index as well as for the overall index, disaggregated by gender.
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Malta’s MT: International Tourism: Number of Arrivals data is updated yearly, averaging 1,198,000.000 Person from Dec 1995 to 2016, with 22 observations. Tourist Arrivals in Malta decreased to 12940 Persons in December from 14936 Persons in November of 2020. Tourist Arrivals in Malta averaged 126846.46 Persons from 2001 until 2020, reaching an all time high of 338758 Persons in August of 2019 and a record low of 12940 Persons in December of 2020.
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Today, according to the World Travel and Tourism Council, the tourism sector in Malta accounts for 27.1% of the country’s GDP (this metric includes wider effects from investment in tourism). The sector’s value is expected to grow annually at the rate of 4.2% to reach 32.9% of GDP by 2028. Tourist Profiles & Per Capita Expenditure World Travel and Tourism Council data show the tourist industry directly and indirectly accounts for more than 27% of Malta's economy, but the sector has been hammered by the COVID-19 pandemic. The economy of Malta shrank 6.2% year-on-year in the fourth quarter of 2020, following a downwardly revised 8.8% contraction in the previous three-month period.