GDP in Malta
Malta - GDPEconomic growth likely accelerated in the third quarter, after cooling domestic demand led a slowdown in the second quarter. The unemployment rate dropped to a record low in August, which, coupled with lower inflation, bodes well for household spending; that said, declining consumer confidence calls for caution. Moreover, after subdued growth in H1, tourist arrivals increased solidly in the first two months of the quarter, supporting the all-important tourism sector. Meanwhile, on the fiscal front, the government’s consolidated fund registered a surplus in the first eight months of the year, swinging from a small deficit in the same period of 2018, thanks to surging income tax and VAT revenues. On a different note, the ECB’s chair of the supervisory board urged the country to monitor banks more stringently, especially in light of Malta’s growing role as a hub for financial technology.
Malta - GDP Data
|Economic Growth (GDP, annual variation in %)||4.6||8.7||10.8||5.6||6.8|
5 years of economic forecasts for more than 30 economic indicators.
Malta GDP Chart
Source: Central Bank of Malta and FocusEconomics calculations
|Bond Yield||0.14||3.09 %||Sep 04|
|Exchange Rate||1.10||0.65 %||Sep 04|
|Stock Market||4,799||0.36 %||Sep 04|
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