Malta Economic Forecast

Malta Economic Outlook

January 30, 2018

The economy continued to fire on all cylinders in the final quarter of 2017, following a buoyant Q3. Figures for the all-important tourist sector remained stellar in November: The number of inbound tourists jumped over the previous year, bringing the year-on-year increase for the period from January to November to over 16%. Labor market conditions continued to tighten, as unemployment dropped throughout the quarter. Furthermore, in the January–November period government revenue increased at a double-digit pace, mainly on the back of higher income and value-added tax collection. As revenue growth outstripped expenditure, the budget swung from a deficit to a slight surplus.

Malta Economic Growth

Although growth is expected to slow this year, it will nonetheless remain solid. Rising EU investment funds will support a rebound in fixed investment, while a strong tourist sector, low inflation and a tight labor market should buttress private consumption. This will translate into a healthy fiscal position and a declining debt-to-GDP ratio. FocusEconomics panelists expect growth of 4.1% in 2018, up 0.5 percentage points from last month, and of 3.6% in 2019.

Malta Economy Data

20122013201420152016
Population (million)0.40.40.40.40.4
GDP per capita (USD)21,78323,98626,39724,12625,276
GDP per capita (EUR)17,12918,12619,84221,61522,802
GDP (USD bn)9.110.111.210.411.0
GDP (EUR bn)7.27.68.49.39.9
Economic Growth (GDP, annual variation in %)2.64.58.37.35.0
Consumption (annual variation in %)-0.42.32.85.82.5
Investment (annual variation in %)1.4-1.78.849.2-0.6
Exports (G&S, annual variation in %)7.31.45.33.93.5
Imports (G&S, annual variation in %)5.50.41.67.80.9
Industrial Production (annual variation in %)5.4-4.7-5.76.0-3.3
Unemployment Rate6.36.45.85.44.7
Fiscal Balance (% of GDP)-3.7-2.6-2.0-1.31.0
Public Debt (% of GDP)68.168.764.360.658.3
Inflation Rate (HICP, annual variation in %, eop)2.81.00.41.21.0
Inflation Rate (HICP, annual variation in %)3.21.00.81.20.9
Inflation (PPI, annual variation in %)0.1-3.21.2-3.4-1.9
Policy Interest Rate (%)0.750.250.05-  -  
Exchange Rate (vs USD)1.321.381.21-  -  
Exchange Rate (vs USD, aop)1.291.331.33-  -  
Current Account (% of GDP)1.52.13.13.86.7
Current Account Balance (EUR bn)0.10.20.30.50.8
Trade Balance (EUR billion)-1.1-1.1-1.1-1.8-1.9

Sample Report

5 years of Malta economic forecasts for more than 30 economic indicators.

Download

Sample Report

Get a sample report showing all the data and analysis covered in our Regional, Country and Commodities reports.

Download

Malta Facts

ValueChangeDate
Bond Yield1.493.09 %Feb 20
Exchange Rate1.230.65 %Feb 20
Stock Market4,4920.36 %Feb 20

Start Your Free Trial

Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.

Sign Up

Search form