ICT services: production value 2017-2020

In 2020, the production value of the ICT services industry in Malta increased by 383.2 million euros (+18.71 percent) since 2019. Therefore, the production value in Malta reached a peak in 2020 with 2.4 billion euros. Over the observed period, the production value has been subject to fluctuation.
The value of production is defined by Eurostat as the amount actually produced by the unit, based on sales, including changes in stocks and the resale of goods and services.

Annual production value of the information and communication technology (ICT) services sector in Malta from 2017 to 2020 (in million euros)

Characteristic	Annual production value in million euros
2020	2,431.5
2019	2,048.3
2018	2,323.9
2017	1,875.5

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Release date

March 2023

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Region

Malta

Survey time period

2017 to 2020

Supplementary notes

The source adds the following information: 'Production value measures the amount actually produced by the unit, based on sales, including changes in stocks and the resale of goods and services. The production value is defined as turnover, plus or minus the changes in stocks of finished products, work in progress and goods and services purchased for resale, minus the purchases of goods and services for resale, plus capitalised production, plus other operating income (excluding subsidies). Income and expenditure classified as financial or extra-ordinary in company accounts is excluded from production value.'
Data coverage corresponds to aggregate G-U_ICT of NACE Rev2.

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