Markets Actual Q3 Q4 Q1 Q2 2021
Currency 1.18 1.17 1.17 1.16 1.16 1.15
Stock Market (points) 3891.14 3860 3812 3764 3716 3621

Overview Actual Q3 Q4 Q1 Q2 2021
GDP Growth Rate (%) -2.30 3.2 2.1 1.5 1.1 1.2
GDP Annual Growth Rate (%) 0.50 -3.5 -0.7 0.9 3.5 2.2
Unemployment Rate (%) 3.30 6.3 7.5 8 7.2 6.1
Inflation Rate (%) 1.00 0.6 0.6 1.2 1.3 1.2
Inflation Rate Mom (%) 1.40 0.2 0.4 0.4 0.4 0.4
Interest Rate (%) 0.00 0 0 0 0 0
Balance of Trade (EUR Thousand) -291500.00 -334000 -111300 -111300 -111300 -131300
Current Account to GDP (%) 9.70 8.5 8.5 8.2 8.2 8.2
Government Debt to GDP (%) 43.10 52 52 55 55 55
Government Budget (% of GDP) 0.50 -3.8 -3.8 -4.9 -4.9 -4.9
Business Confidence (points) 63.40 77 79 82 83 86
Consumer Confidence (points) -3.30 -11 -10 -9.5 -9 -7.5
Retail Sales MoM (%) 11.40 0.8 0.1 0.1 0.1 0.1
Corporate Tax Rate (%) 35.00 35 35 35 35 35
Personal Income Tax Rate (%) 35.00 35 35 35 35 35

GDP Actual Q3 Q4 Q1 Q2 2021
GDP Growth Rate (%) -2.30 3.2 2.1 1.5 1.1 1.2
GDP Annual Growth Rate (%) 0.50 -3.5 -0.7 0.9 3.5 2.2
GDP (USD Billion) 14.79 13.2 13.2 14.5 14.5 14.5
GDP Constant Prices (EUR THO) 2568537.00 2838523 2813680 2591654 2658436 2875581
Gross National Product (EUR THO) 2915131.65 3061017 3018032 2941368 3017161 3084429
Gross Fixed Capital Formation (EUR THO) 419509.00 460323 526051 423285 434192 537624
GDP per capita (USD) 28942.89 27000 27000 28500 28500 28500
GDP per capita PPP (USD) 43340.20 42500 42500 43200 43200 43200

Labour Actual Q3 Q4 Q1 Q2 2021
Unemployment Rate (%) 3.30 6.3 7.5 8 7.2 6.1
Wages (EUR/Year) 20196.07 19200 19400 19400 19400 19400
Minimum Wages (EUR/Month) 761.97 772 772 785 785 785
Population (Million) 0.49 0.51 0.52 0.54 0.54 0.54
Retirement Age Women 62.00 63 63 63 63 63
Retirement Age Men 62.00 63 63 63 63 63

Prices Actual Q3 Q4 Q1 Q2 2021
Inflation Rate (%) 1.00 0.6 0.6 1.2 1.3 1.2
Inflation Rate Mom (%) 1.40 0.2 0.4 0.4 0.4 0.4
Consumer Price Index CPI (points) 103.60 104 105 104 105 106
Harmonised Consumer Prices (points) 109.49 104 107 107 107 109
Producer Prices (points) 108.50 111 110 111 111 113
Food Inflation (%) 3.30 2.6 2.8 2.8 2.8 2.8
Producer Prices Change (%) -0.30 1.6 2 2.3 2.5 2.5

Money Actual Q3 Q4 Q1 Q2 2021
Interest Rate (%) 0.00 0 0 0 0 0

Trade Actual Q3 Q4 Q1 Q2 2021
Balance of Trade (EUR Thousand) -291500.00 -334000 -111300 -111300 -111300 -131300
Current Account to GDP (%) 9.70 8.5 8.5 8.2 8.2 8.2
Imports (EUR Thousand) 450200.00 608200 451400 451400 451400 501400
Exports (EUR Thousand) 158700.00 274200 340100 340100 340100 370100

Government Actual Q3 Q4 Q1 Q2 2021
Government Debt to GDP (%) 43.10 52 52 55 55 55
Government Budget (% of GDP) 0.50 -3.8 -3.8 -4.9 -4.9 -4.9
Government Budget Value (EUR THO) -66263.00 -2143 -2093 -2093 -2093 -2093
Government Spending (EUR THO) 534398.00 446774 495525 539208 553102 506426
Government Spending to GDP (%) 37.70 46.9 46.9 41.8 41.8 41.8

Taxes Actual Q3 Q4 Q1 Q2 2021
Corporate Tax Rate (%) 35.00 35 35 35 35 35
Personal Income Tax Rate (%) 35.00 35 35 35 35 35
Sales Tax Rate (%) 18.00 18 18 18 18 18
Social Security Rate (%) 20.00 20 20 20 20 20
Social Security Rate For Companies (%) 10.00 10 10 10 10 10
Social Security Rate For Employees (%) 10.00 10 10 10 10 10

Business Actual Q3 Q4 Q1 Q2 2021
Business Confidence (points) 63.40 77 79 82 83 86
Industrial Production (%) -4.50 -11 -6 4 6.5 7.2

Consumer Actual Q3 Q4 Q1 Q2 2021
Consumer Confidence (points) -3.30 -11 -10 -9.5 -9 -7.5
Retail Sales MoM (%) 11.40 0.8 0.1 0.1 0.1 0.1
Retail Sales YoY (%) -10.90 -3.5 -1.8 1.5 3.5 2.1
Consumer Spending (EUR THO) 1211320.00 1242598 1247532 1222222 1253716 1274977
Bank Lending Rate (%) 3.70 3.66 3.66 3.66 3.66 3.66
Gasoline Prices (USD/Liter) 1.58 1.43 1.35 1.29 1.22 1.16
Consumer Credit (EUR Million) 6127.20 5823 5979 6075 6232 6110


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.