Current Account in Malta

Malta Current Account | Economic News & Forecasts

Malta - Current Account

GDP growth likely softened in annual terms in the third quarter due to a less favorable base effect, although activity should have remained healthy on a sequential basis. Upbeat consumer confidence and the unemployment rate hitting a record low in September likely kept household spending expanding at a brisk pace, consequently motor vehicle sales jumped in Q3. Moreover, surging tourist arrivals and receipts growth in Q3 also bode well for private consumption. Turning to Q4, economic activity has likely remained robust, as suggested by improving consumer sentiment in October. Meanwhile, despite easing slightly, business confidence also remained elevated in the same month, boding well for economic output. Additionally, solid progress on the vaccination front should continue to support the easing of restrictions and the tourism sector in the remainder of the year.

Malta - Current Account Data

2015   2016   2017   2018   2019  
Current Account (% of GDP)3.6  6.3  12.3  10.6  10.5  

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Malta Current Account Chart

Malta Current Account
Note: Current account balance as % of GDP.
Source: Central Bank of Malta and FocusEconomics calculations

Malta Facts

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

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