What is the job outlook for Malta?
Posted on September 22, 2020
Malta has low unemployment and local businesses are on the lookout for skilled staff which are in shortage. This includes professions such as accounts clerks, web designers and IT specialists.
According to a report published by CEDEFOP, the European Center for the Development of Vocational Training, the highest employment growth in Malta will be in the computer programming and information services, and real estate activities. Employment is expected to make a leap in the construction and wholesale trade sectors. The report forecasts that the highest job openings which will include new jobs and replacements will be for jobs such as sales workers, business and administration associate professionals, and customer service clerks.
CEDEFOP has predicted employment growth in the following sectors:
According to the report job opportunities will be for professionals in business and other services and public sectors. There will be job opportunities in the distribution and transport sectors.
Other sectors that will have a demand include gaming, the legal, financial, pharmaceutical, medical and tourism sectors. Professionals in demand include accounts clerks, web designers and IT specialists.
The forecast on CEDEFOP covers the period up to 2030. It took Global Economic Development into account until May 2019. For seven years in a row in 2019, the European economy had been in a continuous mode of expansion and every European nation, including Malta, saw a strong increase in GDP.
But with the onset of the Coronavirus pandemic and subsequent lockdowns, short-term impact on the economy has been created, but long-term factors that will impact job outlook in European countries such as aging populations, increased use of automation / artificial intelligence, globalization, resource scarcity, etc. will continue to be influential.
While Malta continues to implement measures to control the pandemic and move its economy, these long-term factors are likely to prevail which will impact the job outlook. Here is a list of the top sectors that will see employment change according to CEDEFOP.
As a result, future job opportunities in Malta are expected to reflect the current industry activity that is leaning towards digital transformation, and the demand for talented professionals to fill new specialized vacancies will become significant.
With technology further evolving in Malta, financial jobs are expected to be in demand. There will also be a need for professionals in auditing and compliance.