Gozo contributed €315 million to GDP

Gozo’s contribution to the national gross domestic product at market prices is 5.8 percent, or €315.2 million, according to provisional estimates for last year.

The National Statistics Office said that gross value added (GVA) for Malta grew by 6.8 percent.

Service activities (including other services) and industry (including energy and construction) contributed positively towards Gozo’s GVA. Employment in industry (including energy) continued to decline in Malta but a slight increased was registered in Gozo.

The contribution of Gozo’s agriculture and fishing sector amounted to 7.7 percent of the island's total GVA, while in Malta this was valued at 2.3 percent, confirming the island's higher dependence on this primary sector compared to the mainland.

In industry (including energy), Malta registered a larger percentage increase in gross value added, while in construction a decline was registered in both regions.

In non-financial services (comprising wholesale and retail trade, hotels and restaurants, transport and communications), a higher growth in gross value added was registered in Gozo compared to Malta. This also occurred in the financial, real estate, renting and business activities sector.

In the other service activities, an increase of 12.4 percent was registered in Malta’s gross value added and a 6.9 percent increase was experienced in Gozo.

An overall increase in employment was registered in both regions. This edged up in all sectors except for Malta’s industry (including energy).


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