Unemployment in Malta

Malta Unemployment | Economic News & Forecasts

Malta - Unemployment

The economic recovery likely remained sluggish in Q3, on the heels of a staggering GDP contraction in Q2 caused by the coronavirus fallout. Although retail sales continued to rise month-on-month in July–August, growth remained only modest. Additionally, while the number of registered unemployed continued to decline from May’s peak through August, the level was still far above pre-crisis figures earlier in the year. This, coupled with consumers remaining deeply pessimistic in September following a spike in infections in the last two months of the quarter, bodes ill for private consumption. In other news, the government presented its 2021 budget to Parliament on 19 October, envisioning a fiscal deficit of 5.9% of GDP. The government’s sound fiscal management has enabled it to extend relief spending, notably the wage supplement, for some time next year.

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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