Increase in gross value added

Provisional estimates for 2010 indicate that Gozo contributed 5.5 per cent to the Gross Domestic Product at market prices, or €341.3 million.

This was €15,649 more than Gozo's contribution in 2009.

Gross Value Added for Malta increased by 6.3 per cent in 2010, while that for Gozo went up by 5.2 per cent.

With the exception of construction, all economic activities contributed positively towards the growth in GVA.

During 2010, the growth of Gozo's value added was driven by financial and insurance activities; real estate activities; professional, scientific and technical activities; administrative and support service activities.

These increased by 9.4 per cent. Other increases in Gozo's GVA were recorded for mining and quarrying; manufacturing; electricity, gas, steam and air conditioning supply; water supply; sewerage, waste management and remediation activities (+7.6 per cent); and in the wholesale and retail trade; repair of motor vehicles and motorcycles; transportation and storage; accommodation and food service activities; information and communication (+6.2 per cent).

Construction activities in Gozo are estimated to have declined by 5.2 per cent.

An increase in total employment was registered in both regions in 2010, albeit both regions experienced a drop in employment in construction. A decrease in unemployment was registered in 2010.

Population increased in both regions.


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