Malta's GDP per capita reaches 79% of EU average

I.Lapko

Dec 15th 2010, 18:58

@S.Brown and J.Scerri I was simply making a point that this was a success by the local government. Malta will definitely not become as rich as Sweden in the next 15 years, however, if the improvement ON TOP OF the improvement of Sweden (and the EU average) will be of 2% points for the next 15% (impossible) than yes we will be equal to Sweden (10% higher than eu average) in regards to GDP. (15 multiplied by 2 + 79 = 109) J.Scerri that is why I said "such a difference in growth." S.Brown I think you are living in a dream world since you cannot understand the difference between reality and making a point.

@ I.Galea Yes we would get a bigger majority, surveys conducted only last year showed that the MAJORITY of the Maltese think that the EU has benefited their country (have a look at the link below). You also forgot that both parties in Malta think that the EU is beneficial. When the Maltese were asked if they are satisfied with the life they lead? 82% answered of the Maltese answere that they are. I think there is very little to add.
http://ec.europa.eu/public_opinion/archives/eb/eb71/eb713_annexes.pdf

P.Cassar

Dec 15th 2010, 18:44

!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
HAPPY WITH 79% OF THE EU AVERAGE...............MISLEADING HEADING INDEED OR ( as usual with us ) HAPPY WITH MEDIOCRITY................OR........ TAKING PEOPLE FOR A RIDE.
..........PN'S FAVOURITE STRATEGY.

S.Brown

Dec 15th 2010, 18:09

Lapko, how do you work that one out ? If Malta is at 79% than it must be at least 21% below average on the other hand Sweden and the UK are 20% above average which is a difference of at least 41%. You are also assuming that Malta will grow and the rest will stand still. Lapko you must be living in a dream world.

R.Gauci

Dec 15th 2010, 17:45

@ I. Lapko

It would had been good if this so called 2% increase would had been felt by the Maltese people that is the working class in their purchasing power! Instead the only increase the Maltese are feeling is in the cost of living apart from those riding the gravy train and giving themselves a 20% increase to their hefty salaries and perks, this means that only the Elite Class in short time will be richer then those in Sweden and the UK !
Go and ask those raising up young children and paying a house loan how much money they are saving at the end of the month and how much better well of are now since we join the EU!

Joseph E Briffa

Dec 15th 2010, 17:40

@Charles Camilleri..who told you that Malta will become the best country in the EU? One must be really naive to believe such nonsense _ I believe Labour is saying that Malta woould be in the forefront of the EU, if Labour is elected. Again this is rich coming from a party that was dead set against Malta joing in the first place. This apart, although we are still 21% below the EU average in the GDP per capita league table one can'y deny that Malta's performance improved by two percentage points. Whether this is due to a slowing down in the rate of the GDP/capita average or not, the fact remains that Malta's performance must have improved. As a commentator remarked, it's no joke to go up two percentage points, particularly during the last couple of years.

Muscat Pat

Dec 15th 2010, 17:04

There must be a Catch 22 somewhere; the higher the prices of electricity, water, gas and fuel, the higher the GDP! We want higher salaries and pensions: not higher prices!

Charles Camilleri

Dec 15th 2010, 14:59

This means that Malta is 31% below the EU average like Hungary, Estonia, Poland, Lithuania and Latvia - Still a long way to go from being average europeans not to mention upper class europeans as we were led to believe.