GDP in Malta

Malta GDP | Economic News & Forecasts

Malta - GDP

GDP growth softened in annual terms in Q3, due largely to a less favorable base effect. The expansions in private consumption, exports and imports lost steam, while fixed investment and government consumption growth picked up. However, underlying activity was strong, as suggested by a faster quarter-on-quarter expansion. Turning to Q4, momentum has likely eased somewhat as Covid-19 cases surge at home and abroad, with economic sentiment dipping and consumer confidence falling sharply in November. Moreover, the tourism industry is likely being dampened by the UK government’s recent tightening of travel restrictions—the UK is the key source of visitor arrivals to Malta. That said, unlike European neighbors, the Maltese authorities have so far avoided reimposing tough Covid-19 curbs, which should be cushioning the domestic economy.

Malta - GDP Data

2015   2016   2017   2018   2019  
Economic Growth (GDP, annual variation in %)10.9  5.8  6.5  7.3  4.7  

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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

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

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