Malta | Economic Forecasts | 2017-2020 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 Q4/17 Q1/18 Q2/18 Q3/18 2020
GDP Growth Rate 0.20 0.8 0.8 0.7 0.6 0.5 percent [+]
Unemployment Rate 4.10 4 4 4.1 4 4.5 percent [+]
Inflation Rate 1.20 1.6 1.7 1.6 1.7 2.4 percent [+]
Interest Rate 0.00 0 0 0 0.25 0.75 percent [+]
Balance of Trade -176700.00 -182195 -165049 -152610 -143420 -119650 EUR Thousand [+]
Government Debt to GDP 58.30 57.3 57.2 57.2 57.2 54.7 percent [+]
MARKETS Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Currency 1.18 1.16 1.15 1.13 1.12 0.99 [+]
Stock Market 4674.21 4640 4590 4550 4500 3980 points [+]
GDP Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
GDP Growth Rate 0.20 0.8 0.8 0.7 0.6 0.5 percent [+]
GDP Annual Growth Rate 6.40 6.4 6.2 6 5.8 3.2 percent [+]
GDP 10.95 12.39 11.72 11.55 11.37 15.35 USD Billion [+]
GDP Constant Prices 2246812.00 2282581 2154518 2238264 2357604 2278065 EUR THO [+]
Gross National Product 2474337.60 2360951 2361302 2428933 2421620 2383542 EUR THO [+]
Gross Fixed Capital Formation 393688.00 386408 377727 371699 366144 337016 EUR THO [+]
GDP per capita 26577.45 27820 28750 28750 28750 30540 USD [+]
GDP per capita PPP 35694.04 37114 37419 37723 38027 40215 USD [+]
LABOUR Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Unemployment Rate 4.10 4 4 4.1 4 4.5 percent [+]
Employed Persons 187334.00 187533 187453 187372 187291 186573 [+]
Unemployed Persons 2489.00 2634 2745 2853 2959 3784 [+]
Long Term Unemployment Rate 2.00 2.08 2.15 2.2 2.24 2.49 percent [+]
Youth Unemployment Rate 11.90 12.45 12.66 12.89 13.05 13.68 percent [+]
Labour Costs 111.85 107 116 112 103 107 Index Points [+]
Wages 18063.85 18072 18063 18051 18039 17929 EUR/Year [+]
Minimum Wages 735.63 736 1135 1135 739 1535 EUR/Month [+]
Population 0.44 0.44 0.44 0.44 0.44 0.45 Million [+]
Retirement Age Women 62.00 61.88 61.65 61.54 61.42 60.42 [+]
Retirement Age Men 62.00 61.94 61.82 61.77 61.71 61.21 [+]
Full Time Employment 163.60 164 164 164 163 163 Thousand [+]
Employment Change 1.00 1.09 1 1.09 0.97 0.78 percent [+]
Employment Rate 67.00 66.59 66.49 66.55 66.55 66.35 percent [+]
Labor Force Participation Rate 54.70 55.02 54.85 54.86 54.96 54.82 percent [+]
Part Time Employment 25.20 26.07 25.73 25.77 25.84 25.6 Thousand [+]
Productivity 110.50 118 107 110 121 118 Index Points [+]
PRICES Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Inflation Rate 1.20 1.6 1.7 1.6 1.7 2.4 percent [+]
Inflation Rate Mom -0.90 0.25 0.31 0.12 0.16 0.17 percent [+]
Consumer Price Index CPI 99.89 99.88 99.86 99.84 99.82 99.64 Index Points [+]
Harmonised Consumer Prices 104.05 103 103 103 103 101 Index Points [+]
GDP Deflator 84.54 89.93 84.6 84.72 89.79 89.7 Index Points [+]
Producer Prices 97.58 102 104 104 99.39 119 Index Points [+]
Food Inflation 1.80 2.12 2.36 2.53 2.66 2.99 percent [+]
Producer Prices Change 3.70 3.6 3.2 3 2.9 2.2 percent [+]
MONEY Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Interest Rate 0.00 0 0 0 0.25 0.75 percent [+]
Money Supply M0 963.35 962 962 961 960 955 EUR Million [+]
Money Supply M1 14641.49 14938 15004 15024 15017 14669 EUR Million [+]
Money Supply M2 18726.20 18785 18772 18753 18733 18552 EUR Million [+]
Money Supply M3 19568.28 19637 19623 19602 19579 19375 EUR Million [+]
Loans to Private Sector 3346.40 3336 3338 3341 3344 3366 EUR Million [+]
TRADE Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Balance of Trade -176700.00 -182195 -165049 -152610 -143420 -119650 EUR Thousand [+]
Exports 203900.00 212973 214389 214783 215178 217112 EUR Thousand [+]
Imports 380600.00 423512 419598 411206 403543 361739 EUR Thousand [+]
Current Account 440560.00 226428 134282 335594 285820 184752 EUR Thousand [+]
Current Account to GDP 7.90 4 3.7 3.7 3.7 3.2 percent [+]
External Debt 86984.10 87243 87126 86983 86798 84600 EUR Million [+]
Capital Flows 589851.00 358619 325493 271901 238248 106582 EUR Thousand [+]
Tourist Arrivals 288032.60 88500 30300 107900 164700 120700 [+]
Gold Reserves 0.09 0.15 0.16 0.16 0.17 0.18 Tonnes [+]
Foreign Direct Investment 815.90 1236 1312 1380 1440 1756 EUR Million [+]
GOVERNMENT Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Government Debt to GDP 58.30 57.3 57.2 57.2 57.2 54.7 percent [+]
Government Budget 1.00 1.2 1.5 1.5 1.5 0.6 percent of GDP [+]
Government Budget Value 136080.00 -7603 -6567 -7517 -7881 -7976 EUR THO [+]
Government Spending 374757.00 368414 366530 369993 363521 362883 EUR THO [+]
Government Spending to GDP 38.10 40.99 41.02 41.04 41.07 42.14 percent [+]
Government Revenues 423198.78 296837 289008 288312 288203 288181 EUR Thousand [+]
Government Debt 5766.50 5714 5704 5695 5688 5628 EUR Million [+]
Fiscal Expenditure 287119.00 293809 294477 293963 293545 293341 EUR Thousand [+]
Asylum Applications 140.00 147 147 147 147 147 persons [+]
Military Expenditure 56.80 54.28 53.66 53.04 52.42 50.41 USD Million [+]
BUSINESS Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Business Confidence 118.30 116 115 113 112 108 [+]
Industrial Production 5.50 0.6 1.46 1.03 0.81 2.5 percent [+]
Manufacturing Production -2.10 -0.21 -0.19 -0.13 -0.09 -0.02 percent [+]
Capacity Utilization 80.00 78.1 78.42 77.53 77 74.17 percent [+]
Changes in Inventories -38961.00 -9646 13818 -9374 6332 2976 EUR THO [+]
Car Registrations 2184.00 1766 1917 1957 1849 1735 Cars [+]
Competitiveness Index 4.65 4.55 4.55 4.55 4.55 4.51 Points [+]
Competitiveness Rank 37.00 41 41 41 41 44 [+]
Corruption Index 55.00 57 57 57 57 59 Points [+]
Corruption Rank 47.00 43 43 43 42 40 [+]
Ease Of Doing Business 76.00 78.33 78.33 78.33 78.33 78.33 [+]
Electricity Production 188.00 160 165 163 164 162 Gigawatt-hour [+]
Industrial Production Mom 5.10 -1.07 -0.53 -0.22 -0.07 0.05 percent [+]
Mining Production 9.50 0.66 0.78 1.05 1.18 1.31 percent [+]
CONSUMER Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Consumer Confidence 8.30 7.51 6.44 5.36 4.32 -2.58 [+]
Retail Sales MoM 1.50 1.7 0.1 0.1 0.1 1.6 percent [+]
Retail Sales YoY 6.90 4.5 1.93 1.45 1.23 3.4 percent [+]
Consumer Spending 1140321.00 1145893 1138632 1138141 1142162 1138846 EUR THO [+]
Private Sector Credit 8814.60 8793 8782 8773 8763 8682 EUR Million [+]
Bank Lending Rate 3.79 3.8 3.87 3.95 4.01 4.37 percent [+]
Consumer Credit 4940.30 5075 5136 5192 5244 5529 EUR Million [+]
Gasoline Prices 1.55 1.56 1.55 1.55 1.55 1.52 USD/Liter [+]
HOUSING Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Housing Index 108.48 107 107 106 106 103 Index Points [+]
Home Ownership Rate 80.80 80.92 80.81 80.7 80.6 80.31 percent [+]
TAXES Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Corporate Tax Rate 35.00 35 35 35 35 35 percent [+]
Personal Income Tax Rate 35.00 35 35 35 35 35 percent [+]
Sales Tax Rate 18.00 17.78 17.78 17.78 17.78 17.42 percent [+]
Social Security Rate 20.00 20 20 20 20 20 percent [+]
Social Security Rate For Companies 10.00 10 10 10 10 10 percent [+]
Social Security Rate For Employees 10.00 10 10 10 10 10 percent [+]