Apart from a high standard of living, low crime rate and English speaking population, Malta boasts many favorable tax conditions that allow residents to enjoy a relatively good cost of living in a beautiful climate
Malta's economy is expected to expand 3.5% in 2015, from 3.2% in 2014, according to Finance Minister Scicluna. During the 3rd quarter of 2014, the economy rose by 3.8% in real terms, much faster than the euro area's y-o-y economic growth of 0.8%.
Growth is predicted to continue in 2016 and 2017 with 3.4% and 2.9% growth rates, respectively.
These improvements are backed by Malta's resilient labour market. In 2014, employment grew by around 2.1%, with unemployment of around 6%.
Inflation was 0.6% in 2014, up from 0.3% a year earlier.
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