During 2019 Q4, unemployment in Malta stood at a record low of 3.2%. This is down to an open market economic policy, multilingual job opportunities and population whilst having well-developed ICT, iGaming and Financial clusters. Malta is also known for its favourable taxation regime which attracts a lot of foreign companies opening up branches or moving their operations to the island. A large chunk of the economy is tourism-dependent (27%) which together with Manufacturing (10%) and iGaming (12%), employ a large portion of the working population.
Moreover, Financial services have boomed in recent years to account for 12% of GDP which has seen Corporate Service providers requiring more tax, legal and compliance professionals. In addition, Malta has one of the fastest internet networks in the EU which covers the entire country making it highly connected and has enabled the island to make considerable progress in the IT industries. However, a lack of local IT professionals and skills have made the industry reliant on foreign professionals resulting in attractive wages and perks.
Overall, the average nominal GDP per Capita in Malta is around $30,000 or €26,000 (statistics based on 2019 economic review and vary according to industry & experience level)
More information through the below links:
https://www.worldatlas.com/articles/what-are-the-biggest-industries-in-malta.html
https://ec.europa.eu/info/business-economy-euro/economic-performance-and-forecasts/economic-performance-country/malta/economic-forecast-malta_en