26 per cent of Maltese people participated in the sharing economy in 2018, making it, along with Ireland, the country with the second-highest participation rate in the EU, according to new figures released by Eurostat.
The collaborative economy is defined as “a marketplace where consumers rely on each other instead of large companies to meet their wants and needs.”
According to 2018 survey results on the usage of Information and Communication Technologies (ICT) 19 per cent of individuals in the EU arranged accommodation via websites or apps from another private individual for private purposes in the preceding 12 months.
Most of the individuals used dedicated websites or apps such as Airbnb, but social networks have also been used. These peer-to-peer services are part of the so called 'collaborative' or 'sharing economy'.
Among the EU Member States, the country with the highest proportion of individuals arranging accommodation online from another private individual in 2018 was Luxembourg (44 per cent).
In contrast, the proportion was below 10 per cent in seven Member States: Cyprus (3 per cent), Czechia (5 per cent), Latvia (7 per cent), Greece, Romania, Slovenia (all 8 per cent).