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 Q2/18 Q3/18 Q4/18 Q1/19 2020
GDP Growth Rate -0.50 0.7 0.6 0.5 2 0.5 percent
Unemployment Rate 3.70 4.1 4 4.3 3.9 4.5 percent
Inflation Rate 1.40 1.6 1.7 1.9 2 2.4 percent
Interest Rate 0.00 0 0 0 0.25 0.75 percent
Balance of Trade -200800.00 -190500 -268900 -114500 -209500 -115300 EUR Thousand
Government Debt to GDP 50.80 57.2 57.2 57.2 56.3 54.7 percent
MARKETS Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Currency 1.18
1.21 1.19 1.17 1.15 1.08
Stock Market 4337.15
points
4395 4319 4244 4171 3890
GDP Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
GDP Growth Rate -0.50
percent
0.7 0.6 0.5 2 0.5
GDP Annual Growth Rate 4.30
percent
6 5.8 5.5 6.6 3.2
GDP 10.95
USD Billion
10.75 11.22 13.63 14.33 15.35
GDP Constant Prices 2453170.00
EUR THO
2416523 2701715 2588094 2451329 2801788
Gross National Product 2598342.97
EUR THO
2626509 2822845 2741252 2595616 2967592
Gross Fixed Capital Formation 560859.00
EUR THO
423589 469532 591706 536922 640562
GDP per capita 26577.45
USD
28750 28750 28750 29660 30540
GDP per capita PPP 35694.04
USD
36516 36815 37114 40215 40931
LABOUR Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Unemployment Rate 3.70
percent
4.1 4 4.3 3.9 4.5
Employed Persons 195524.00
191802 191566 191421 191331 191191
Unemployed Persons 1954.00
1996 2189 2345 2400 2285
Long Term Unemployment Rate 1.40
percent
1.7 1.7 1.7 1.7 1.7
Youth Unemployment Rate 8.80
percent
9.9 9.96 9.95 9.95 9.95
Labour Costs 108.30
Index Points
108 103 108 104 106
Wages 17911.26
EUR/Year
18700 18500 18500 19300 19400
Minimum Wages 747.54
EUR/Month
748 748 748 760 772
Population 0.44
Million
0.44 0.44 0.44 0.44 0.45
Retirement Age Women 62.00
62 62 62 63 63
Retirement Age Men 62.00
62 62 62 63 63
Productivity 119.40
Index Points
119 118 119 118 119
Part Time Employment 25.30
Thousand
25.9 25.9 25.9 25.9 25.9
Labor Force Participation Rate 56.90
percent
56.37 56.36 56.36 56.36 56.36
Full Time Employment 175.20
Thousand
171 171 171 171 171
Employment Change 1.80
percent
1.46 1.46 1.46 1.46 1.46
Employment Rate 69.30
percent
67.31 67.43 67.43 67.38 67.15
PRICES Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Inflation Rate 1.40
percent
1.6 1.7 1.9 2 2.4
Inflation Rate Mom 2.60
percent
0.52 -0.09 0.16 0.18 0.14
Harmonised Consumer Prices 104.23
Index Points
106 106 103 103 108
Consumer Price Index CPI 100.22
Index Points
102 102 103 103 108
GDP Deflator 87.84
Index Points
87.85 87.89 87.86 87.88 87.88
Producer Prices 99.94
Index Points
99.93 101 99.92 102 105
Producer Prices Change 6.50
percent
5.1 3.6 2.5 2.2 2.2
Food Inflation 1.20
percent
1.46 1.9 2.07 2 1.84
MONEY Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Interest Rate 0.00
percent
0 0 0 0.25 0.75
Money Supply M0 955.70
EUR Million
980 981 982 982 983
Money Supply M1 15022.23
EUR Million
15361 15574 15774 15963 17463
Money Supply M2 18616.80
EUR Million
19164 19360 19547 19728 21273
Money Supply M3 19340.04
EUR Million
20116 20440 20766 21085 24172
Loans to Private Sector 3343.80
EUR Million
3359 3360 3360 3360 3360
TRADE Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Balance of Trade -200800.00
EUR Thousand
-190500 -268900 -114500 -209500 -115300
Exports 236400.00
EUR Thousand
255100 232200 361100 282100 406100
Imports 437200.00
EUR Thousand
445600 501100 475600 491600 521400
Current Account 328288.00
EUR Thousand
380362 391978 301542 220775 264658
Current Account to GDP 12.60
percent
3.7 3.7 3.7 3.4 3.2
External Debt 90058.10
EUR Million
89103 89063 89071 89069 89070
Capital Flows 194725.00
EUR Thousand
226471 248085 260940 249883 254239
Tourist Arrivals 167197.47
290100 202300 147800 238600 226200
Gold Reserves 0.09
Tonnes
0.08 0.09 0.09 0.09 0.09
Foreign Direct Investment 911.10
EUR Million
826 825 825 825 825
GOVERNMENT Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Government Debt to GDP 50.80
percent
57.2 57.2 57.2 56.3 54.7
Government Budget 3.90
percent of GDP
1.5 1.5 1.5 -0.42 0.6
Government Budget Value -79564.00
EUR THO
61910 21493 15978 47232 14907
Government Spending 358905.00
EUR THO
408993 411781 378645 424534 409909
Government Spending to GDP 36.50
percent
40.96 40.87 40.77 40.68 40.01
Government Revenues 256977.63
EUR Thousand
369629 365046 362291 358541 349501
Government Debt 5642.60
EUR Million
5844 5844 5844 5844 5844
Fiscal Expenditure 336541.00
EUR Thousand
307719 343553 354180 311309 334594
Military Expenditure 61.80
USD Million
52.47 53.47 54.47 53.82 49.02
Asylum Applications 125.00
persons
150 144 139 139 141
BUSINESS Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Business Confidence 111.30
Index Points
115 115 117 117 116
Industrial Production -4.80
percent
0.97 5.15 1.4 4.18 2.5
Manufacturing Production -3.50
percent
0.33 3.62 2.19 2.97 3.21
Capacity Utilization 77.60
percent
82.15 78.92 81.16 79.61 80.26
Changes in Inventories -64501.00
EUR THO
-52686 -15493 -45166 -21493 -32873
Car Registrations 2206.00
1859 1871 1868 1869 1869
Internet Speed 12829.03
KBps
12709 12749 12747 12733 12748
IP Addresses 194646.00
IP
196475 202365 199881 203105 201789
Mining Production -14.70
percent
3 9.65 -26.21 0.59 -10.26
Industrial Production Mom 0.70
percent
-0.02 -0.01 -0.01 -0.01 -0.01
Competitiveness Index 4.65
Points
4.58 4.58 4.58 4.58 4.58
Competitiveness Rank 37.00
38 38 38 38 38
Corruption Index 56.00
Points
56 56 56 56 56
Corruption Rank 46.00
46 46 46 46 46
Ease Of Doing Business 84.00
79.33 77.35 75.36 77.5 83.88
Electricity Production 146.00
Gigawatt-hour
165 133 178 117 148
CONSUMER Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Consumer Confidence 22.70
Index Points
19.66 10.83 6.52 8.4 13.34
Retail Sales MoM 0.90
percent
1.2 0.75 1.9 0.53 1.6
Retail Sales YoY 8.60
percent
8.39 6.97 4.2 5.73 3.4
Consumer Spending 1163728.00
EUR THO
1207509 1258214 1227733 1307393 1329105
Private Sector Credit 9047.80
EUR Million
8966 8952 8941 8934 8915
Bank Lending Rate 3.84
percent
3.94 4.01 4.07 4.12 4.44
Consumer Credit 5160.40
EUR Million
5146 5066 4968 4900 4975
Gasoline Prices 1.58
USD/Liter
1.53 1.44 1.36 1.28 0.89
HOUSING Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Housing Index 115.65
Index Points
111 110 110 110 106
Home Ownership Rate 81.40
percent
80.74 80.84 80.95 80.91 80.72
TAXES Actual Q2/18 Q3/18 Q4/18 Q1/19 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 Q2/18 Q3/18 Q4/18 Q1/19 2020
Precipitation 28.77
mm
12.59 12.15 70.06 53.42 38.97
Temperature 14.12
celsius
18.86 25.1 17.41 12.82 18.96