Provisional estimates for 2014 indicate that Gozo’s contribution to national Gross Domestic Product (GDP) at market prices accounted to 5.1%, or €409.9 million, the National Statistics Office said today.

 

Regional Gross Domestic Product: 2011-2014

Gross Value Added (GVA) for the region of Malta increased by 4.9% in 2014, while that for Gozo increased by 7.3%.

 

Gross Value Added profile.

The majority of the industries in Gozo registered increases when compared to the previous year. The main increases resulted in economic activities relating to information and communication, and professional, scientific, technical, administrative and support service activities. Decreases were recorded in the industries comprising real estate, financial and insurance activities. The contribution of the private sector in Gozo accounted to 74.2% of the total GVA.

 

Population, employment and unemployment

The total population in Malta increased by 1.0%, whereas that in Gozo increased marginally. Almost all industries in Gozo registered an increase in employment during 2014. Main increases resulted in professional, scientific, technical, administrative and support services and information and communication activities.

Drops in employment were mainly recorded in mining and quarrying and water supply, sewerage, waste management and remediation activities.

The number of unemployed persons decreased in both Malta and Gozo, by 5.7% and 1.2% respectively.