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Regional Gross Domestic Product: 2021
Regional Gross Value Added (GVA) Profile
In 2021, the GVA at basic prices in the regions of Malta, and Gozo and Comino was estimated at €13,047.9 and €581.2million respectively; reflecting corresponding increases of 14.1 and 16.6per cent over 2020 (Table 1). Charts 1 and 2 illustrate analyses of the contributions to national GVA by industry (A*10/11) and region (NUTS 3).

Malta region
All industries registered increases in GVA during 2021. The industries of wholesale and retail trade; repair of motor vehicles and motorcycles; transportation and storage; accommodation and food service activities (G, H and I) registered the largest growth of 35.5 per cent over 2020 and accounted for 15.7 per cent of the total GVA. The industries comprising public administration and defence; compulsory social security; education; human health and social work activities (O, P and Q) contributed to the largest share of the GVA (17.4 per cent). These industries registered a growth in GVA of 11.5 per cent when compared to 2020 (Table 1, Chart 3).

Gozo and Comino region
In 2021, the majority of industries registered increases in GVA when compared to the previous year, with the exception of the industries of agriculture, forestry and fishing (A) and financial and insurance activities (K). The industries of public administration and defence; compulsory social security; education; human health and social work activities (O, P and Q) accounted for the highest share of the GVA at 26.3 per cent and have registered an increase of 10.7 per cent over 2020. The industries comprising wholesale and retail trade; repair of motor vehicles and motorcycles; transportation and storage; accommodation and food service activities (G, H and I) accounted for the second highest share of the GVA at 17.7 per cent and have registered a growth of 26.2 per cent over 2020 (Table 1, Chart 3).

Regional Gross Domestic Product
In 2021, GDP at market prices in the regions of Malta, and Gozo and Comino was estimated at €14,323.9 and €638.0 million respectively, corresponding to 95.6 and 4.3 per cent of national GDP at market prices. During 2021, GDP per capita at market prices increased in both regions. The per capita GDP at market prices for the Malta region as a percentage of the national was 102.5 per cent while that of the Gozo and Comino region stood at 63.6 per cent. The per capita regional GDP does not reflect the income available to the private households of each respective region, but it strictly relates to the economic activity prevailing in each of the regions (Table 2, Chart 4)

Employment
In 2021, all industries in the Malta region registered increases in employment when compared to the previous year. The largest percentage increases resulted in the economic activities relating to real estate activities (L); and arts, entertainment and recreation; repair of household goods and other services (R, S, T and U), registering growths of 8.0 and 7.4 per cent respectively (Table 3).
Similarly, all industries in the Gozo and Comino region registered increases in employment during 2021. The largest increases were registered in the economic activities relating to construction (F) and information and communication (J), which growth rates were of 25.1 and 10.4 per cent respectively (Table 3).

ARTICLE WRITTEN BY NSO

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