GDP in Malta

Malta GDP | Economic News & Forecasts

Malta - GDP

Economic 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

2013  2014  2015  2016  2017  
Economic Growth (GDP, annual variation in %)4.6  8.7  10.8  5.6  6.8  

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Malta GDP Chart

Malta GDP
Note: Annual variation of gross domestic product (GDP) in %.
Source: Central Bank of Malta and FocusEconomics calculations

Malta Facts

Bond Yield0.143.09 %Sep 04
Exchange Rate1.100.65 %Sep 04
Stock Market4,7990.36 %Sep 04

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