Malta Economic Outlook
January 30, 2018The 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 GrowthAlthough 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
5 years of Malta economic forecasts for more than 30 economic indicators.
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|Bond Yield||1.49||3.09 %||Feb 20|
|Exchange Rate||1.23||0.65 %||Feb 20|
|Stock Market||4,492||0.36 %||Feb 20|
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