Current Account in Malta
Malta - Current AccountAnnual economic growth slowed to a near seven-year low in the third quarter, dropping to 3.4% from 4.9% in Q2. Both private and government consumption decelerated, while fixed investment growth remained close to zero, likely on Brexit uncertainty and a moderating external backdrop. That said, economic activity was still robust compared to regional peers. Moving to the fourth quarter, available data is mixed. The trade deficit widened in October, as merchandise exports dipped year-on-year, and industrial production growth slowed. Tourism arrivals, however, increased in the same month, while a low unemployment rate and an uptick in consumer sentiment bode well for private consumption. Meanwhile, in other news, Prime Minister Joseph Muscat announced his intention to resign early next year following rising public anger over the death of journalist Daphne Caruana Galizia. The economy should not be significantly affected.
Malta - Current Account Data
|Current Account (% of GDP)||2.0||3.1||3.6||6.3||12.3|
5 years of economic forecasts for more than 30 economic indicators.
Malta Current Account Chart
Source: Central Bank of Malta and FocusEconomics calculations
|Bond Yield||0.43||3.09 %||Dec 30|
|Exchange Rate||1.12||0.65 %||Dec 31|
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