Gaming and Financial Services Drive Growth in Malta's Economy

Dr. Maria Chetcuti Cauchi | Published on 01 Dec 2010

Malta Gaming Key Official Services

Remote gaming and financial services were the prime movers of economic recovery in the first half of this year, according to the Central Bank.

In its review for the April to June quarter published yesterday, the bank said the economy grew by 3.9 per cent when compared to the same quarter last year. It was the third successive positive quarter as services remained the main engine of growth.

“From a value-added perspective, the recovery was largely determined by services, particularly financial intermediation and other services sector, which includes remote gaming,” the bank said.

The two sectors contributed 4.6 percentage points to nominal GDP.

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