Malta is a small island nation located in the Mediterranean Sea, which has experienced significant economic growth in recent years, particularly in the tourism and financial services sectors. However, the country has also faced challenges such as high public debt and a lack of diversification in its economy. In the period between 2013 and 2019, Malta's GDP grew at an average rate of around 5%, making it one of the fastest-growing economies in the European Union. This growth was largely driven by the tourism industry, which accounts for around a quarter of Malta's GDP, as well as the financial services sector. The construction industry has also played a significant role in the country's economic growth, driven by both public and private investment. Despite this growth, Malta's economy has faced some challenges in recent years. The country has one of the highest levels of public debt in the EU, which reached 49.2% of GDP in 2019. This has led to concerns about
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