A: Malta lies on the geographical coordinates of 35° 50' 0" N, 14° 35' 0" E.
Latitude and Longitude of Malta in other units:
|Latitude and Longitude to decimals||35.8333||14.5833|
|Latitude and Longitude to degrees minutes seconds||35° 50' 0" N||14° 35' 0" E|
|Latitude/Longitude to UTM Reference|
|UTM Northing:3965539.3643470476 Easting:462364.8344566343 Zone:33S|
More detail about Malta
Tourism Heading Malta through Slow Economic Times
During the last few years, during the global financial crisis and throughout the aftermath, there have been many countries left trying to clean up broken economies. While Malta is not grouped in the worst categories, they certainly did witness a slowing of their economy.
There are very few raw materials native to the country and the domestic market is quite small. There has been some development since the 1990's but the concentration has been on the tourism sector. This sector actually brings in one third of the revenue accounted for by Malta. Aside from tourism, the country does have some exports that help with other parts of the revenue. They export various manufactured products and three quarters of these products are semi-conductors.
The number of tourists to this area has increased steadily since the 1970's. There are plenty of inexpensive flights to catch ? this trend started in 2007 but the influx started before this period. Although there were some obstacles for this industry in 2009 pertaining to its external environment, it started to pick up again in 2010. The numbers of tourists into the country increased by ten percent by the numbers going out of the country increased by seven percent.
There have been some increases in the services sector because much of the population can speak good English. There is a high concentration in the banking area but this is largely monopolized by four local banks. They take care of 90% of the deposits and loans.
The government of Malta has decided to move towards certain liberalizations in the economy. This is to prevent so much of the trade and finance sectors from being as reliant on the government as they are at the moment. With such moves as well as the accession to the European Union has opened opportunities for the country to perhaps move away from its dependence on tourism but for the time being, it is where most of the revenue is coming from.