Consumption in Malta

Malta Consumption | Economic News & Forecasts

Malta - Consumption

GDP rebounded robustly in the second quarter, jumping 13.4% in annual terms and contrasting Q1’s 1.3% decline. The expansion was spearheaded by strong increases in both investment activity and household spending, which benefited from the easing of restrictions and recovering confidence among firms and consumers. Moreover, the external sector contributed positively to growth amid a more favorable international backdrop. The recovery should have carried over into Q3, albeit at a softer pace: Consumer confidence remained comfortably in optimistic territory in July-August, while economic sentiment dipped but remained robust, which hints at still-healthy dynamics. Meanwhile, in early August Moody’s affirmed the country’s A2 credit rating but changed its outlook from stable to negative, citing rising public debt levels and risks of a slow recovery in the tourism sector.

Malta - Consumption Data

2015   2016   2017   2018   2019  
Consumption (annual variation in %)5.0  2.6  3.3  7.8  2.9  

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Malta Consumption Chart

Malta Consumption
Note: Annual variation of industrial output in %.
Source: Eurostat and FocusEconomics calculations

Malta Facts

Value Change Date
Bond Yield0.433.09 %Dec 30
Exchange Rate1.120.65 %Dec 31

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