What Are the Hottest Industries in Malta? The Tourism and Gambling Sector Stands Out

According to data from Eurostat, in 2021, Malta not only contributed the highest economic value in the arts, entertainment, and leisure sectors but also had the highest employment share in these industries within the EU. This further underscores the unique advantages of this small Mediterranean island nation in the tourism and entertainment industry. It is important to note that the broad category of arts, entertainment, and leisure encompasses many different subfields, including gambling, sports activities, and museums, among others. Overall, this industry covers a wide range of areas.

What Are the Hottest Industries in Malta? The Tourism and Gambling Sector Stands Out

Malta’s performance in this sector is particularly impressive. Data shows that in 2021, the economic value generated by gambling activities in Malta accounted for a staggering 16% of its entire commercial economy. In contrast, this figure is typically less than 1% in most other EU countries. For example, Greece (1.0%), Hungary (1.9%), and Slovakia (3.6%) all have significantly lower contributions compared to Malta. The high economic contribution of gambling and related subfields has made the arts, entertainment, and leisure industry exceptionally important in Malta. Statistics indicate that this sector accounts for an astonishing 16.9% of the added value in Malta’s commercial economy, several times higher than in other EU countries. Slovakia follows Malta with only 3.7%, highlighting Malta’s unique advantage in this area. In comparison, countries like Luxembourg (0.2%), Poland (0.4%), and Ireland (0.5%) have much lower proportions of the arts, entertainment, and leisure sector in their commercial economies.

In terms of employment, Malta also excels. According to the data, employment in this sector accounts for 5.3% of total employment in Malta’s commercial economy, far surpassing Denmark (2.6%) and Spain (2.3%). In countries like Luxembourg (0.4%), Poland (0.5%), and the Czech Republic (0.8%), this proportion is significantly lower. These figures clearly demonstrate that the arts, entertainment, and leisure industry is far more critical to Malta’s economy than in most other EU countries. This is primarily due to Malta’s unique geographical location, rich historical culture, and developed tourism industry. As a renowned tourist hotspot in the Mediterranean, Malta attracts numerous visitors, leading to the emergence of related industries such as entertainment, dining, and accommodation, which have become pillars of the local economy.

Whether in hotels, restaurants, theme parks, or museums and theaters, Malta offers a wealth of employment opportunities. Moreover, as the country’s tourism industry continues to grow, the demand for related positions will also increase. The Maltese government places great importance on this sector and provides various incentives to support it, creating a more favorable development environment for professionals. For job seekers interested in the arts, entertainment, and leisure industries, Malta undoubtedly represents a fertile ground. Here, you can not only find a job that suits you but also experience the unique charm of this Mediterranean gem while contributing to the local tourism industry.

Copyright © Malta-life.com

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