Malta - Economic Forecasts - 2018-2020 Outlook

This page has economic forecasts for Malta including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the Malta economy.


Overview Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
GDP Growth Rate 1.90 0.8 0.7 0.6 0.5 0.5 percent
Unemployment Rate 4.00 4 4.1 4 4.3 4.5 percent
Inflation Rate 1.30 1.7 1.6 1.7 1.9 2.4 percent
Interest Rate 0.00 0 0 0 0.25 0.75 percent
Balance of Trade -118000.00 -156394 -150451 -142739 -136672 -119979 EUR Thousand
Government Debt to GDP 58.30 57.2 57.2 57.2 57.2 54.7 percent
MARKETS Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Currency 1.24
1.21 1.19 1.17 1.15 1.07
Stock Market 4477.24
points
4378 4305 4232 4162 3638
GDP Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
GDP Growth Rate 1.90
percent
0.8 0.7 0.6 0.5 0.5
GDP Annual Growth Rate 7.20
percent
6.2 6 5.8 5.5 3.2
GDP 10.95
USD Billion
10.92 11.25 11.57 13.63 15.35
GDP Constant Prices 2541595.00
EUR THO
2138873 2278737 2506575 2379704 2371192
Gross National Product 2655545.31
EUR THO
2383133 2494068 2547103 2471680 2462338
Gross Fixed Capital Formation 441705.00
EUR THO
413123 406581 398691 391554 344932
GDP per capita 26577.45
USD
28750 28750 28750 28750 30540
GDP per capita PPP 35694.04
USD
36217 36516 36815 37114 40931
LABOUR Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Unemployment Rate 4.00
percent
4 4.1 4 4.3 4.5
Employed Persons 193991.00
194827 194753 194665 194574 193496
Unemployed Persons 2167.00
2230 2324 2417 2509 3467
Long Term Unemployment Rate 1.70
percent
1.92 1.92 1.93 1.97 2.3
Youth Unemployment Rate 10.10
percent
11.33 11.37 11.82 12.08 13.41
Labour Costs 100.79
Index Points
116 112 101 106 105
Wages 17858.32
EUR/Year
17833 17819 17807 17796 17663
Minimum Wages 747.54
EUR/Month
748 748 748 748 772
Population 0.44
Million
0.44 0.44 0.44 0.44 0.45
Retirement Age Women 62.00
62 62 61 61 60
Retirement Age Men 62.00
62 62 62 62 61
Part Time Employment 26.00
Thousand
25.78 25.97 25.91 25.93 25.59
Productivity 122.90
Index Points
106 110 122 119 119
Labor Force Participation Rate 56.50
percent
55.32 55.52 55.91 55.83 55.56
Full Time Employment 170.90
Thousand
171 172 172 171 170
Employment Change 1.10
percent
0.93 0.96 0.92 0.87 0.7
Employment Rate 68.20
percent
67.33 67.31 67.43 67.43 67.15
PRICES Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Inflation Rate 1.30
percent
1.7 1.6 1.7 1.9 2.4
Inflation Rate Mom -0.10
percent
0.51 0.28 -0.08 0.23 0.14
Consumer Price Index CPI 101.21
Index Points
101 101 101 101 101
Harmonised Consumer Prices 100.88
Index Points
101 101 100 100 97.7
GDP Deflator 89.82
Index Points
84.74 84.63 89.3 89.81 89.37
Producer Prices 97.48
Index Points
104 104 98.44 107 119
Producer Prices Change 4.00
percent
3.2 3 2.9 2.4 2.2
Food Inflation 1.00
percent
1.55 1.89 2.15 2.34 2.88
MONEY Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Interest Rate 0.00
percent
0 0 0 0.25 0.75
Money Supply M0 968.69
EUR Million
968 967 966 966 958
Money Supply M1 14973.60
EUR Million
15159 15232 15251 15242 14810
Money Supply M2 18777.00
EUR Million
18754 18731 18710 18691 18461
Money Supply M3 19559.80
EUR Million
19526 19500 19477 19455 19196
Loans to Private Sector 3393.20
EUR Million
3407 3409 3410 3411 3426
TRADE Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Balance of Trade -118000.00
EUR Thousand
-156394 -150451 -142739 -136672 -119979
Exports 335600.00
EUR Thousand
284823 278845 271003 264321 227474
Imports 453600.00
EUR Thousand
464796 453011 441221 431207 365881
Current Account 443323.00
EUR Thousand
140953 356806 379214 249233 220595
Current Account to GDP 7.90
percent
3.7 3.7 3.7 3.7 3.2
External Debt 89576.10
EUR Million
90456 90853 90988 91009 88716
Capital Flows 105283.00
EUR Thousand
225257 154245 158201 138832 76311
Tourist Arrivals 110610.80
24000 92800 165700 147800 118000
Gold Reserves 0.09
Tonnes
0.13 0.15 0.15 0.16 0.18
Foreign Direct Investment 840.70
EUR Million
1060 1145 1220 1288 1712
GOVERNMENT Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Government Debt to GDP 58.30
percent
57.2 57.2 57.2 57.2 54.7
Government Budget 1.00
percent of GDP
1.5 1.5 1.5 1.5 0.6
Government Budget Value 80319.00
EUR THO
-1581 -4979 -6251 -6573 -6640
Government Spending 387376.00
EUR THO
377929 380009 380760 379952 373887
Government Spending to GDP 38.10
percent
41.22 41.14 41.06 40.99 41.88
Government Revenues 425310.08
EUR Thousand
310241 296282 293506 292618 292229
Government Debt 5831.60
EUR Million
5847 5839 5839 5833 5765
Fiscal Expenditure 344992.00
EUR Thousand
310143 301377 298163 296988 296311
Military Expenditure 56.80
USD Million
51.23 52.25 53.26 54.28 50.54
Asylum Applications 175.00
persons
146 147 147 147 147
BUSINESS Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Business Confidence 119.10
Index Points
118 115 112 111 103
Industrial Production 0.10
percent
-0.52 -0.19 0.11 1.4 2.5
Manufacturing Production -1.20
percent
-1.03 -0.64 -0.38 -0.23 0
Capacity Utilization 77.50
percent
79.22 80.38 78.03 77.77 74.08
Changes in Inventories -11683.00
EUR THO
14480 -9318 1495 -3729 2897
Car Registrations 1686.00
1894 1941 1796 1729 1673
Internet Speed 12829.03
KBps
11951 11741 11522 11242 8534
IP Addresses 194646.00
IP
195394 194174 194745 193416 181451
Industrial Production Mom 0.90
percent
0.04 -0.08 -0.06 -0.02 0.05
Mining Production 21.80
percent
7.26 4.44 2.92 2.17 1.43
Competitiveness Index 4.65
Points
4.55 4.55 4.55 4.55 4.52
Competitiveness Rank 37.00
41 41 41 41 42
Corruption Index 55.00
Points
56 57 57 57 60
Corruption Rank 47.00
39 40 42 43 40
Ease Of Doing Business 84.00
81.32 79.33 77.35 75.36 83.88
Electricity Production 91.00
Gigawatt-hour
130 123 132 136 154
CONSUMER Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Consumer Confidence 24.50
Index Points
25.13 24.25 23.04 21.83 10.68
Retail Sales MoM 3.10
percent
0.02 0.14 0.14 1.9 1.6
Retail Sales YoY 12.40
percent
6.46 3.69 2.42 4.2 3.4
Consumer Spending 1183644.00
EUR THO
1144066 1144168 1168850 1169252 1157204
Private Sector Credit 9007.50
EUR Million
9074 9095 9102 9102 9001
Bank Lending Rate 3.84
percent
3.9 3.98 4.04 4.1 4.46
Consumer Credit 5090.70
EUR Million
5207 5288 5365 5436 5940
Gasoline Prices 1.63
USD/Liter
1.65 1.66 1.66 1.66 1.61
HOUSING Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Housing Index 112.07
Index Points
111 111 110 110 106
Home Ownership Rate 81.40
percent
81.09 81 80.9 80.81 80.64
TAXES Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Corporate Tax Rate 35.00
percent
35 35 35 35 35
Personal Income Tax Rate 35.00
percent
35 35 35 35 35
Sales Tax Rate 18.00
percent
18 18 18 18 17
Social Security Rate 20.00
percent
20 20 20 20 20
Social Security Rate For Companies 10.00
percent
10 10 10 10 10
Social Security Rate For Employees 10.00
percent
10 10 10 10 10
CLIMATE Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Precipitation 28.77
mm
53.31 12.59 12.15 70.06 38.97
Temperature 14.12
celsius
12.79 18.86 25.1 17.41 18.96