Gozitan contribution to GDP up by €353 million

Provisional estimates for 2012 indicate that Gozo's contribution to the national Gross Domestic Product at market prices was 5.2 per cent, or €353.7 million.

Gross Value Added (GVA) for Malta increased by 3.6 per cent in 2012, while that for Gozo went up by 1.2 per cent.

The economic activities which significantly contributed to growth in Gozo's GVA included public administration and defence; compulsory social security; education; human health and social work activities; wholesale and retail trade; repair of motor vehicles and motorcycles; transportation and storage; accommodation and food service activities; and professional, scientific and technical activities; administrative and support service activities.

Activities which recorded a decline included: mining and quarrying; manufacturing; electricity, gas, steam and air conditioning supply; water supply; sewerage, waste management and remediation activities: and real estate activities.

Almost all industries registered an increase in total employment in Gozo last year, with the exception of mining and quarrying; manufacturing; electricity, gas, steam and air conditioning supply; water supply; sewerage, waste management and remediation activities, construction, and to a lesser extent in real estate activities and information and communication.

A marginal decrease in unemployment was registered in Gozo last year, while an increase of 4.6 per cent was registered in Malta.