Estimates for 2022 indicate that the contribution of Gozo and Comino region to national Gross Domestic Product (GDP) accounted to 4.1%, or €712.7 million, the National Statistics Office said today.
In 2022, Gross Value Added (GVA) at basic prices in Malta, and Gozo and Comino regions increased by 15.3% and 14.8% respectively over 2021.
The NSO noted that relative to Malta region, the Gozo and Comino economy is characterised by a higher proportion of economic activity resulting from Public administration and defence; compulsory social security, Education, and Human health and social work activities.
Almost all industries in the Gozo and Comino region registered increases in employment during 2022, with the exception of a drop in the industry of Financial and insurance activities.
The industry related to Agriculture, forestry and fishing retained the same employment figure as 2021.
The largest increase was registered in the economic activity related to Construction with a growth rate of 12.7% over 2021.
File photo: Gozo News/Alain Salvary