Unemployment in Malta

Malta Unemployment | Economic News & Forecasts

Malta - Unemployment

GDP rebounded robustly in the second quarter, jumping 13.4% in annual terms and contrasting Q1’s 1.3% decline. The expansion was spearheaded by strong increases in both investment activity and household spending, which benefited from the easing of restrictions and recovering confidence among firms and consumers. Moreover, the external sector contributed positively to growth amid a more favorable international backdrop. The recovery should have carried over into Q3, albeit at a softer pace: Consumer confidence remained comfortably in optimistic territory in July-August, while economic sentiment dipped but remained robust, which hints at still-healthy dynamics. Meanwhile, in early August Moody’s affirmed the country’s A2 credit rating but changed its outlook from stable to negative, citing rising public debt levels and risks of a slow recovery in the tourism sector.

Malta - Unemployment Data

2015   2016   2017   2018   2019  
Unemployment Rate5.4  4.7  4.0  3.7  3.4  

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Malta Unemployment Chart

Malta Unemployment
Note: Unemployment in % of active population.
Source: Eurostat and FocusEconomics calculations

Malta Facts

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

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