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Malta
- Recruitment landscape
- Economic indicators
- Labor market
- Working life
Your global agency guide to...
Malta
Malta, with a GDP of $20.96 billion, holds the 116th position globally. Key industries include tourism, electronics, and financial services. The nation enjoys a low unemployment rate of 3.1%, indicating a robust labor market. Although having a stable working population, Malta may face future labor challenges due to its aging society. The country hosts a medium number of recruitment agencies, catering to its diverse economic sectors.
Malta'S
AGENCY LANDSCAPE
500
Agencies operating in Malta
A high number of agencies indicates a mature recruitment industry, marked by strong talent demand, established labor laws and economic stability.
15-20%
Typical fee range
Countries with higher fees imply finding talent is harder to find whilst lower fees indicate a high-volume, commoditized market.
Malta'S
FEATURED AGENCIES
Fractal
ARCHER
Get featured here
Malta'S
GROSS DOMESTIC PRODUCT (GDP) RATING
116
WORLD RANKED
Malta ranks 116th in the world by current economic output
$21B
NOMINAL GDP (US$)
GDP reflects the overall size and economic strength of the country’s economy.
70
EMEA RANKED
Malta is the 70th biggest GDP in EMEA out of 109 countries in the region
GDP GROWTH (%)
The above chart compares how Malta's GDP has grown, compared to the rest of the world and the EMEA region in the last 7 years.
Positive growth indicates an expanding economy, while negative growth or recession signifies economic contraction. Strong growth can encourage hiring, but slower growth might lead to freezes or layoffs, influencing talent sourcing as businesses adapt to changing market conditions and demands.
Malta'S
CURRENCY AND CODE
€
Country currency
MLT
Country ISO code
Malta'S
INFLATION RATE
2.9%
CURRENT RATE
▼2.8% REDUCTION
Inflation represents the rate at which prices rise and purchasing power diminishes. High inflation may prompt employees to seek higher wages, potentially impacting company profitability. This situation could lead to budget constraints or hiring freezes, which might influence talent availability and sourcing strategies.
Malta'S
COST OF LIVING
COST OF LIVING INDEX EXPLAINED
The cost of living has a direct impact on salary expectations and the competitiveness of compensation packages. It can influence the appeal of certain locations-while high-cost areas may attract highly skilled professionals looking for higher salaries, lower-cost areas can appeal to companies looking to minimize salary expenses or candidates seeking a better work-life balance.
Malta'S
LABOUR STATISTICS
520K
POPULATION
With a population of 519,562, Malta is a small sized country by global standards. Malta's youth population is just below the world average, indicating it may face challenges in labor market sustainability over time. The working population in Malta is close to the world average, suggesting a stable labor market that can adequately meet the economy's demands. Malta's elderly population is just above the world average, suggesting a growing dependency ratio, which may strain the labor market.
Malta'S
RELIGION
Religion
In religiously diverse countries, a broad sourcing and engagement approach whilst appealing to inclusive practices resonates with this candidate market. In contrast, in a homogeneous religious environment, understanding dominant cultural norms is often more important when engaging with talent.
Malta'S
UNEMPLOYMENT RATE
3.1%
CURRENT PERCENTAGE
▲0.2% INCREASE
Malta's unemployment rate is healthy, indicating a well functioning labor market with good job opportunities for most people. Between 2022 and 2023, there was a small increase in unemployment, suggesting continued economic stability, with a slight dip in job availability
Malta'S
TOP PERFORMING INDUSTRIES
Top industries
Financial services
Tourism
Information technology services
Malta'S
GENDER DEMOGRAPHICS
RATIO OF MALES TO FEMALES (BY AGE)
LABOUR PARTICIPATION BY GENDER (%)
73
/
57
Male | Female
In Malta there is a medium gap in participation rates between males and females, indicating moderate inequality with some progress towards gender parity.
Malta'S
WORKING LIFE
14DAYS
Minimum annual holidays
Minimum annual holidays reflect mandated leave. Hiring in countries with high allowances (over 25 days) will require emphasizing work-life balance when recruiting. In countries with fewer holidays (under 15 days), offering additional leave can enhance recruitment and set the organization apart.
40HRS
Average working full time week
Standard work hours are 8 per day, 40 per week, typically Monday to Friday. Workweeks can extend to 48 hours; overtime is mandatory pay for hours beyond. Overtime rates are 150% for Mon-Sat and 200% for Sundays or holidays. Consent is required for over 48 hours.
Malta'S
TOP BENEFITS
18WEEKS
Maternity leave
18 weeks paid maternity leave (100%, 14 weeks by employer, 4 by Soc. Sec.), plus 4 unpaid months. 1 day paid paternity leave plus 4 unpaid months. 4 months unpaid parental leave before child turns 8.
10DAYS
Sick leave
Employees receive paid sick leave up to 10 days. For the first three days, employers pay 100% of the base salary; from the fourth to the tenth day, Social Security pays the same rate.
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