Provisional estimates for 2007 indicate that Gozo’s contribution to national Gross Domestic Product at market prices is 5.8 per cent, or €315.2 million.

Gross Value Added (GVA) for Malta grew by 6.8 per cent in 2007, whilst that for Gozo went up by 5.8 per cent. Service activities (including other services) and Industry (including energy and construction) contributed positively towards Gozo’s Gross Value Added (GVA). Employment in Industry (including energy) continued to decline in Malta, whilst in Gozo a slight increase was registered.

Sectoral Overview

The contribution of Gozo’s agriculture and fishing sector amounted to 7.7 per cent of the island’s total GVA, whilst in Malta this was valued at 2.3 per cent, confirming the island’s higher dependence on this primary sector compared to the mainland.

In industry (including energy), Malta registered a larger percentage increase in gross value added, while in construction a decline was registered in both regions. In non-financial services (comprising wholesale and retail trade, hotels and restaurants, transport and communications), a higher growth in gross value added was registered in Gozo compared to Malta. This also occurred in the financial, real estate, renting and business activities sector during 2007. In the other service activities, an increase of 12.4 per cent was registered in Malta’s gross value added and a 6.9 per cent increase was experienced in Gozo.

Employment and Population

An overall increase in employment was registered in both regions in 2007. Employment edged up in all sectors except for Malta’s Industry (including energy).

Both regions experienced an increase in population.

Permalink: Gozo contributes €315.2 million to GDP in 2007