The economy of Malta is a highly industrialised service-based economy. It is classified as an advanced economy by the International Monetary Fund and is considered a high-income country by the World Bank and an innovation-driven economy by the World Economic Forum. It is a member of the European Union and of the eurozone, having formally adopted the euro on 1 January 2008.

Malta, officially the Republic of Malta, is an island country in Southern Europe, located in the Mediterranean Sea. It consists of an archipelago between Italy, Tunisia and Libya. It lies 80 km (50 mi) south of Sicily and Italy, 284 km (176 mi) east of Tunisia, and 333 km (207 mi) north of Libya. The two official languages are Maltese, the only Semitic language in Europe and the European Union, and English. The country's capital is Valletta.