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Area Rating Tables: Malta
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| 1970 | 1975 | 1980 | 1985 | 1990 | 1995 | 1997 | |
|---|---|---|---|---|---|---|---|
| Summary Ratings | 6.2 | 5.6 | 5.2 | 5.1 | 5.2 | 6.5 | 6.3 |
| Rank | 34 | 38 | 53 | 62 | 60 | 56 | 70 |
| Components of Economic Freedom | 1970 | 1975 | 1980 | 1985 | 1990 | 1995 | 1997 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| I. Size of Government | 6.8 | 6.6 | 7.0 | 6.5 | 6.3 | 6.4 | 5.9 | |||||||
| (a) Government Consumption (% of Total) | 7.2 | (19.9) | 7.1 | (20.4) | 7.2 | (20.0) | 7.1 | (20.2) | 6.8 | (21.9) | 6.2 | (25.1) | 6.3 | (24.7) |
| (b) Transfers and Subsidies (% of GDP) | 6.5 | (13.3) | 6.1 | (14.7) | 6.8 | (12.2) | 5.9 | (15.7) | 5.9 | (15.6) | 6.5 | (13.4) | 5.6 | (16.8) |
| II. Structure of the Economy and Use of Markets | 3.3 | 4.3 | 2.8 | 5.3 | 5.3 | |||||||||
| (a) Government Enterprises | 4.0 | (36.5) | 2.0 | (46.3) | 4.0 | (28.6) | 6.0 | (20.0) | 6.0 | (28.8) | 6.0 | 6.0 | ||
| (b) Price Controls | 0.0 | 2.0 | 2.0 | |||||||||||
| (c) Top Marginal Tax Rate | 0.0 | (65) | 0.0 | (65) | 0.0 | (65) | 7.0 | (35) | 7.0 | (35) | ||||
| (d) Conscription | 10.0 | 10.0 | 10.0 | 10.0 | 10.0 | |||||||||
| III. Monetary Policy and Price Stability | 9.1 | 8.9 | 8.4 | 9.4 | 9.7 | 9.5 | 9.5 | |||||||
| (a) Annual Money Growth (last 5 yrs.) | 8.9 | (5.7) | 8.6 | (7.1) | 8.9 | (5.5) | 9.6 | (-2.1) | 10.0 | (-0.2) | 9.9 | (-0.4) | 9.6 | (-1.9) |
| (b) Inflation Variability (last 5 yrs.) | 8.9 | (2.7) | 9.1 | (2.3) | 8.8 | (3.0) | 8.8 | (3.1) | 9.7 | (0.6) | 9.6 | (0.9) | 9.5 | (1.2) |
| (c) Recent Inflation Rate | 9.5 | (2.7) | 8.9 | (5.4) | 7.5 | (12.4) | 9.9 | (0.6) | 9.4 | (3.2) | 8.9 | (5.6) | 9.4 | (3.0) |
| IV. Freedom to Use Alternative Currencies | 9.4 | 4.5 | 3.8 | 4.3 | 4.8 | 4.6 | 4.7 | |||||||
| (a) Ownership of Foreign Currency | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | ||||||||
| (b) Black Market Exchange Rates (Prem.) | 9.4 | (3.0) | 9.0 | (5.0) | 7.6 | (12.0) | 8.6 | (7.0) | 9.6 | (2.0) | 9.2 | (4.0) | 9.4 | (3.0) |
| V. Legal Structure and Property Rights | 3.5 | 4.8 | 9.5 | 10.0 | ||||||||||
| (a) Private Ownership Rights | 3.5 | 5.9 | 10.0 | 10.0 | ||||||||||
| (b) Viability of Contracts | 4.0 | 5.2 | 8.4 | 10.0 | ||||||||||
| (c) Rule of Law | 3.1 | 3.3 | 10.0 | 10.0 | ||||||||||
| VI. International Exchange | 4.7 | 6.5 | 6.3 | 6.2 | 6.1 | 6.4 | 5.1 | |||||||
| (a) Taxes on International Trade | ||||||||||||||
| i. Taxes as a Percentage of Exports and Imports | 4.9 | (7.6) | 6.9 | (4.6) | 6.7 | (4.9) | 7.0 | (4.5) | 6.7 | (4.9) | 7.1 | (4.4) | 5.5 | (6.7) |
| ii. Mean Tariff Rate | ||||||||||||||
| iii. Standard Deviation of Tariff Rates | ||||||||||||||
| (b) Non-tariff Regulatory Trade Barriers | ||||||||||||||
| i. Non-tariff Trade Restraints (% of trade covered) | ||||||||||||||
| ii. Size of Trade Sector (% of GDP) | 3.9 | (129.3) | 5.3 | (179.1) | 5.3 | (187.4) | 4.1 | (160.9) | 4.5 | (184.1) | 4.7 | (201.4) | 3.8 | (177.9) |
| VII. Freedom of Exchange in Financial Markets | 3.1 | 3.2 | 4.0 | 3.9 | 3.8 | 4.8 | 4.7 | |||||||
| (a) Ownership of Banks | 0.0 | (0-10) | 0.0 | (0-10) | 0.0 | (0-10) | 0.0 | (0) | 0.0 | (0) | 0.0 | (0-10) | 0.0 | (0-10) |
| (b) Extension of Credit | 8.3 | (84.8) | 8.8 | (89.4) | 9.4 | (94.4) | 9.1 | (91.6) | 8.3 | (84.2) | 8.5 | (86.4) | 7.8 | (80.3) |
| (c) Avoidance of Negative Interest Rates | 6.0 | 6.0 | 6.0 | 10.0 | 10.0 | |||||||||
| (d) Capital Transactions with Foreigners | 2.0 | 2.0 | 2.0 | 2.0 | 2.0 | 2.0 | 2.0 | |||||||
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