Wholesale, retail, professional, and construction sectors account for 33.5% of jobs in Malta

The wholesale, retail, professional, and construction sectors collectively account for 42.2 per cent of all enterprises in Malta and 33.5 per cent of the nation’s jobs, according to NSO figures for 2023.

The wholesale and retail trade sector, including the repair of motor vehicles and motorcycles, emerged as a leading contributor, accounting for 17.6 per cent of all enterprises. Professional, scientific, and technical activities followed at 14.4 per cent, while the construction sector comprised 10.2 per cent. Hence, these three sectors represented 42.2 per cent of the enterprises and supported 33.5 per cent of jobs in Malta, highlighting their pivotal role in the national economy.

The figures also revealed that Malta’s economic landscape was supported by 56,358 active enterprises, collectively employing 252,021 people.

This represents a 4.9 per cent growth in active enterprises compared to 2022, marking an addition of 2,616 new businesses. These enterprises form the backbone of the economy, spanning a diverse range of industries, from micro businesses to large-scale corporations.

Micro enterprises, employing fewer than 10 people, continue to dominate Malta’s business scene, growing by 4.6 per cent in 2023. Small enterprises, with 10 to 49 employees, experienced an impressive 9.4 per cent increase, while medium-sized enterprises expanded by 7.1 per cent. Large enterprises, employing more than 250 individuals, saw a notable growth rate of 9.2 per cent, reflecting a strengthening corporate sector.

The figures also shed light on the types of business structures operating in Malta. Sole proprietors and partnerships constituted 71.8 per cent of all enterprises, while limited liability companies and public limited liability companies made up 27.8 per cent. A small minority of 0.4 per cent consisted of cooperatives, corporations, branches, or joint ventures.

Among employer enterprises, which totalled 19,487 in 2023 – up seven per cent from the previous year – limited liability companies accounted for 55.8 per cent, underscoring their growing significance in providing employment opportunities.

In terms of employment, the wholesale and retail trade sector was the largest single contributor, accounting for 16.9 per cent of jobs. The administrative and support services sector followed with 11.4 per cent, while accommodation and food services rounded out the top three at 10.1 per cent.