Industry in Malta

Malta Industry | Economic News & Forecasts

Malta - Industry

The economy continued to accelerate rapidly in Q4 2018, powered by soaring consumer and government spending and despite the contraction in fixed investment. GDP expanded 7.2% annually in Q4, up a tad from Q3’s 7.1%; this brought full-year growth for 2018 to 6.6%, thus virtually matching 2017’s print. As underlined by the IMF in its February’s Article IV consultation, the country again grew at one of the fastest rates in the EU, thanks to surging domestic demand and a buoyant tourism sector. That said, the Fund also recommended upgrading the country’s infrastructure and cutting red tape for start-ups. Heading into 2019, good tourist and unemployment numbers in January suggest last year’s drivers of growth remained in place at the outset of the year.

Malta - Industry Data

2013  2014  2015  2016  2017  
Industrial Production (annual variation in %)-4.7  -5.7  6.0  -4.4  3.9  

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Malta Facts

Bond Yield0.913.09 %Apr 12
Exchange Rate1.130.65 %Apr 12
Stock Market4,6840.36 %Apr 12

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