Unemployment in Malta

Malta Unemployment | Economic News & Forecasts

Malta - Unemployment

The available data paints a mixed economic picture for Q1. Industrial production contracted, suggesting downbeat private sector activity. Meanwhile, consumer sentiment plunged and inflation soared, pointing to depressed household spending. On the other hand, the unemployment rate continued to fall, economic sentiment strengthened and tourism continued to recover. Moreover, government finance data for the quarter shows that the consolidated fund deficit shrank compared to the same period of the previous year, mainly due to rising revenue from income and value added taxes, as well as an increase in social security contributions. Moving into Q2, the labor market remained relatively tight in April, while in the same month consumer confidence rebounded. However, inflation continued to spike, while economic sentiment began to weaken.

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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