Despite its size, being the smallest EU Member State, Malta has succeeded in adapting and reinventing itself as one of Europe’s most dynamic and innovative jurisdictions and has also built up a reputation as one of Europe's preferred locations for doing business. Malta has, even in the last few years, shown a strong GDP growth and Malta’s economy and banking system have withstood the financial turmoil of the last few years. Malta has experienced significant growth particularly in the services industries with tourism, financial services, remote gaming and ICT being the key industries.