Movie location macroeconomics project

1. MALTA
Movie Location prospects
by
Reggie Brown,
Rebecca Dorsett,
Jeffery Driscoll,
Chris Hall

3. Geography
§ 93km (58Miles) South of Sicily, Italy
§ 300km (186) miles northeast of northmost
African coast (Tunisa)
§ European Union's smallest member state
§ Consists of 3 islands, Gozo, Comino and
Malta, where the capital city Valletta is
located

4. Climate
§ All four seasons are similar in temperature
§ Average of 21.8" Rain per year (1.8" per month)
§ Peak beach season can last until mid to late October

5. Government
Current President:
George Vella
(Elected April 2019)
Current Prime Minister:
Joseph Muscat
(Since 2013)
§ Malta gained independence
from the UK September 1964
§ Parliamentary Government
§ Mixed legal system of English
common law based on the
Roman and Napoleonic civil
codes
Maltese National Anthem

6. Currency
§ Malta joined the European
Union May 1, 2004
§ The Euro was adopted as
Maltese currency January 1,
2008
§ Prior to the Euro they used
the Maltese Lira

7. GDP TREND
§ The GDP expanded 1.30% in the second quarter of 2019 over the previous quarter
§ 2018 GDP 14.54 billion US dollars
§ GDP Value represents 0.02% of world economy
§ GDP averaged 4.37 billion US dollars from 1970 to 2018
§ 1970 GDP was a record low of 0.25 bullion US dollars

8. GDP PER CAPITA
§ 2018 GDP per capita was $28,385.10 USD
§ GDP per capita represents 225% of world economy
§ GDP per capita averaged $14,514.72 USD from 1970 to 2018
§ 1970 GDP per capita was a record low of $3,742.81 US dollars

9. Distributionof Wealth
§ While the top 1% accounts for an average
wealth of € 400,000, the middle 40% (middle
class) has an average roughly €35,000 to the
top 10$ line at €100,000. The lowest average
income (Bottom 50%) is around €20,000

10. Enemies
§ Malta demonstrates a foreign policy of neutrality and
actively pursues peace and security for its allies
§ Member of NATO,WHO, and EAPC
§ Malta is also a member of PfP (Partnership for Peace)
§ They have bilateral relations with 108 different
countries within The Americas, Africa, Asia, Oceana,
and the EU.
No official enemies

11. LaborForce
§ Tourism, real estate, manufacturing and fishing are large parts of the current labor force
§ Labor Force participation rate increased to 61.40% in the second quarter of 2019
§ Labor Force participation rate was at a record low of 48.40% in the fourth quarter of 2006

12. InflationRate
§ 1.9% increase in 2019
§ Modest increase projected
through 2024
§ Costs will remain somewhat
stagnant for the foreseeable
future

13. Infrastructure
§ For approximately $84 USD you can supply
your home with electricity, heat, water and
gas for a month.
§ There are four internet service providers.
§ $400 million USD has been spent to improve
roads and to develop cargo terminals.
§ Public bus service, scooters, motorbikes and
bicycles are quite popular modes of
transportation as well as taxis, ferries and
rental cars.

14. MainExports
§ Integrated Circuits ($833M)
§ Refined Petroleum ($765M)
§ Packaged Medicaments ($427M)
§ Models and Stuffed Animals ($187M)
§ Low-Voltage Protection Equipment
($138M)

15. MainImports
§ Refined Petroleum ($4.14B)
§ Passenger and Cargo Ships ($1.52B)
§ Recreational Boats ($593M)
§ Crude Petroleum ($344M)
§ Plane, Helicopters, and other Spacecraft
($327M)

16. Population
Demographics
§ Estimated population in 2019 – 440,720
§ Native Maltese are 95% of population
§ Viewed as a retirement destination by the British, which
account for 1.6% of Maltese population
§ Multilingual – 88% Speak English, 66% speak Italian
§ State religion of Catholicism practiced by 98% of
population
§ World Ranking – Human Freedom – 19th, Personal
Freedom – 20th , Economic Freedom – 17th

17. Travel Costs
VERY ECONOMICAL FOR A RESORT DESTINATION
§ Average Daily Cost Per Person Per Day €167
§ Typical Double Occupancy Room €97
§ Meals for one day €22
§ Intercity transportation €14

18. Constructionbeginson
landmarkdevelopmentin
Malta’sCentralBusiness
District
§ The 30 million Euro project is described as “A Global Business Centre
in a Mediterranean setting” Malta Independent (2019, September 26)
§ Avenue 77 will provide employees and the local community access to
restaurants, cafés, a gym, and childcare facilities
§ It is designed to inspire employees and provide a better work-life
balance
Founding partner of Paradocs René Beltjens

19. WhyMalta?
Historic with a touch of Modern

20. WhyMalta?
Malta offers a 25% rebate for film
makers and an added 2% if they
include the culture or location in
the projects. Source: Variety (2018)

21. WhyMalta? With its ancient history and
beautiful locations, Malta has
made its shores the home of
some of Hollywood's biggest
blockbusters

22. WhyMalta?
§ Stable Economy
§ Economical Travel Costs vs. other
comparable locations
§ Proximity to Milan and Rome
§ Picturesque beaches

23. References
20 Maltese Lira banknote - Exchange yours for cash today. (n.d.). Retrieved September 18, 2019,
from https://www.leftovercurrency.com/exchange/maltese-lira/obsolete-maltese-lira-
banknotes/20-maltese-lira-banknote/.
2018, 10th A. (n.d.). Service Jobs Make Up 81 Per Cent Of Employment In Malta. Retrieved
September 19, 2019, from https://www.maltachamber.org.mt/en/service-jobs-make-up-81-per-
cent-of-employment-in-malta.
bestdestination. (2013, May 30). Discover Malta Tourism. Retrieved from
https://www.youtube.com/watch?v=DWthKPicJpg
Bilateral relations. (n.d.). Retrieved from https://www.orderofmalta.int/diplomatic-
activities/bilateral-relations/
Budget Your Trip. (2019, March 11). Malta Travel Costs & Prices - Malta Island, Comino & Gozo.
Retrieved from
https://www.budgetyourtrip.com/budgetreportadv.php?geonameid=&countrysearch=&country_c
ode=MT&categoryid=0&budgettype=2&triptype=0&startdate=&enddate=&travelerno=0
Cash Rebate Turns Island Nation of Malta Into Major Filming Destination. (2018, June 8). Retrieved
from https://variety.com/2018/artisans/production/malta-production-incentives-2-1202832239/
(19)
Central Business District attracting formidable investment in line with ambitions for the area. (2019,
September 26). Retrieved from https://www.independent.com.mt/articles/2019-09-26/business-
news/Central-Business-District-attracting-formidable-investment-in-line-with-ambitions-for-the-
area-6736213897.
Climate. (n.d.). Retrieved September 19, 2019, from https://www.visitmalta.com/en/climate.
Construction begins on landmark development in Malta's Central Business District. (n.d.).
Retrieved from https://timesofmalta.com/articles/view/construction-begins-on-landmark-
development-in-maltas-central-business.738247.
Elected Officials. (2019). Retrieved September 22, 2019, from https://www.bbc.com/news/world-
europe-17597837
Getting Around. (n.d.). Retrieved September 19, 2019, from
https://www.visitmalta.com/en/getting-around.

24. References
Government Data. (2019). Retrieved from
https://www.gov.mt/en/Government/Government%20of%20Malta/Synopsis/pages/governance-synopsis.aspx
Green, M. (2018, April 19). Crypto-Friendly Malta Lures a New Blockchain Company. Retrieved September 18, 2n.d., from
https://www.coinwire.com/crypto-friendly-malta-lures-a-new-blockchain-company.
Malta Country Profile. (2019). Retrieved from https://oec.world/en/profile/country/mlt/
Malta Infrastructure data. (2019).
Retrieved from
https://www.nationsencyclopedia.com/economies/Europe/MaltaINFRASTRUCTURE-POWER-AND-COMMUNICATIONS.html
Malta GDP. (n.d.). Retrieved September 19, 2019, from https://tradingeconomics.com/malta/gdp.
Malta GDP Growth Rate. (n.d.). Retrieved September 19, 2019, from https://tradingeconomics.com/malta/gdp-growth.
Malta GDP per capita. (n.d.). Retrieved September 19, 2019, from https://tradingeconomics.com/malta/gdp-per-capita.
Malta Labor Force Participation Rate. (n.d.).
Retrieved September 19, 2019, from https://tradingeconomics.com/malta/labor-force-participation-rate.
Malta Population 2019. (0AD). Retrieved from http://worldpopulationreview.com/countries/malta-population/
Malta Currency (n.d.). What is the currency used in Malta and foreign currency exchange.
Retrieved September 18, 2019, from https://www.maltauncovered.com/malta-island/currency-euro/.
Mitev, G. (n.d.). Geography of Malta and Gozo: Location, Landscape & Coastline.
Retrieved September 12, 2019, from http://www.malta.com/en/about-malta/geography.
Mitev, G. (n.d.). Economy of Malta: Development and Entry to the European Union.
Retrieved September 18, 2019, from http://www.malta.com/en/about-malta/economy
https://tradingeconomics.com/malta/labor-force-participation-rate.
Nato. (n.d.). Relations with Malta. Retrieved from https://www.nato.int/cps/en/natohq/topics_52108.htm
Omar_Agius. (2015, March 11). Movies Filmed in Malta. Retrieved from https://www.imdb.com/list/ls076396927/
PreeoSoftware. (n.d.). Utilities. Retrieved September 19, 2019, from https://www.workinginmalta.com/topics/28/Utilities.
Type Of Fishing In Malta. (2018, August 16).
Retrieved September 19, 2019, from https://malta.intercontinental.com/2018/08/16/fishing-in-malta/.
Where is Malta the country located on the map of the world? (n.d.).
Retrieved from https://www.maltauncovered.com/malta-island/where-is-country-located-map/