Malta is in the Mediterranean Sea, south of Sicily (Italy). The climate is mediterranean with mild, rainy winters and hot, dry summers. The official languages are Maltese and English. Italian is also widely spoken. The main religion is Christianity. The economy of Malta's strengths are its limestone, a favourable geographic location, and a productive labour force. Malta produces only about 20% of its food needs, has limited freshwater supplies, and has no domestic energy sources. The economy is dependent on foreign trade, manufacturing (especially electronics), tourism and financial services. The Maltese have a reputation for friendliness and a pleasant disposition. Expatriate business dress is generally formal and conservative. During summer lightweight trousers and short-sleeved shirts take the place of business suits. The security risk for expatriates in Malta is low. Risks include incidental crime, political protests, airport strikes and water shortages. The currency of Malta is the Euro (EUR). Banking is on a par with that of Western Europe and North America. Medical facilities are good, however the cost of treatment for expatriates from outside the EU can be high. The population of Malta is 445,400 (2019 est.), while the inflation rate (CPI) is 1.8% for Malta as at July 2019. Xpatulator Hypothetical Tax for Malta is based on the current personal income tax rates which are progressive up to 35%.
Cost Of Living
The cost of living for expatriates / professional migrants in In Malta, the cost of each basket, based on local prices, compared to the international average, is categorized follows (Exact cost of living percentages only available in personalised reports): Malta as at 1 July 2019 is high in comparison to other places in the world. 1) Alcohol (where available) & Tobacco: Low 2) Clothing: Average 3) Communication: Very High 4) Education: Average 5) Furniture & Appliances: Average 6) Groceries: Low 7) Healthcare: Low 8) Household Accommodation: Low 9) Miscellaneous: High 10) Personal Care: High 11) Recreation & Culture: High 12) Restaurants Meals Out and Hotels: Very High 13) Transport: Very High Malta is for example -13.8% cheaper than USA for groceries, -23.7% cheaper for household costs than UK, and 232.1% more expensive for transport costs than India. The hardship premium for Malta for an expat from Australia, is for example 10%, i.e. host location (Malta) premium of 20% minus home (Australia) location premium of 10%. Malta is ranked as a some hardship location. Want to know more about cost of living, hardship (quality of living) or expat salary in Malta? Register subscribe to your home location and Malta and run your personalised reports.