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 Q4/18 Q1/19 Q2/19 Q3/19 2020
GDP Growth Rate 1.90 0.5 0.8 0.6 0.7 0.5 percent
Unemployment Rate 3.80 4.3 4.1 4.2 4.3 4.5 percent
Inflation Rate 2.10 2.4 2 2.2 2.1 2.4 percent
Interest Rate 0.00 0 0 0 0.25 0.75 percent
Balance of Trade -171900.00 -114500 -209500 -196500 -154261 -115300 EUR Thousand
Government Debt to GDP 50.80 57.2 56.3 56.3 56.3 54.7 percent
MARKETS Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Currency 1.14
1.15 1.14 1.13 1.13 1.1
Stock Market 4484.41
points
4354 4326 4297 4269 4158
GDP Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
GDP Growth Rate 1.90
percent
0.5 0.8 0.6 0.7 0.5
GDP Annual Growth Rate 5.90
percent
6.4 4.8 5.3 4.6 3.2
GDP 12.54
USD Billion
13.5 14 14 14 15.3
GDP Constant Prices 2441527.00
EUR THO
2601825 2386386 2570928 2553837 2787116
Gross National Product 2819612.93
EUR THO
2764637 2803124 2969052 2949315 2961523
Gross Fixed Capital Formation 458566.00
EUR THO
593988 435868 482870 479660 636289
GDP per capita 27145.81
USD
28750 29660 29660 29660 30540
GDP per capita PPP 36513.32
USD
37300 38000 38000 38000 38900
LABOUR Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Unemployment Rate 3.80
percent
4.3 4.1 4.2 4.3 4.5
Employed Persons 203993.00
209449 212190 214916 217626 241355
Unemployed Persons 1813.00
1816 1811 1810 1811 1811
Long Term Unemployment Rate 0.90
percent
1.25 1.11 1.09 1.04 1.09
Youth Unemployment Rate 9.50
percent
9.86 9.63 9.72 9.7 9.7
Labour Costs 115.27
Index Points
110 121 116 105 111
Wages 18945.26
EUR/Year
18500 19300 19503 19593 19400
Minimum Wages 747.54
EUR/Month
748 760 760 760 772
Population 0.48
Million
0.48 0.5 0.5 0.5 0.52
Retirement Age Women 62.00
62 63 62 62 63
Retirement Age Men 62.00
62 63 62 62 63
Productivity 115.30
Index Points
122 114 117 127 124
Part Time Employment 29.60
Thousand
31.3 30.13 30.04 30.28 30.71
Labor Force Participation Rate 59.00
percent
58.83 58.82 58.82 58.82 58.82
Full Time Employment 197.30
Thousand
199 200 201 201 200
Employment Change 1.30
percent
1.31 1.29 1.31 1.28 1.25
Employment Rate 70.60
percent
71.22 70.7 72.23 72.4 76.72
PRICES Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Inflation Rate 2.10
percent
2.4 2 2.2 2.1 2.4
Inflation Rate Mom -1.20
percent
0.3 0.5 0.9 0.1 0.4
Harmonised Consumer Prices 105.45
Index Points
103 103 109 109 108
Consumer Price Index CPI 101.53
Index Points
104 102 103 104 108
GDP Deflator 81.35
Index Points
85.47 79.11 78.95 84.84 78.68
Producer Prices 106.81
Index Points
109 111 112 111 115
Producer Prices Change 3.90
percent
6 4.5 4.1 3.8 2.2
Cpi Housing Utilities 103.78
Index Points
104 104 104 104 104
Cpi Transportation 101.89
Index Points
102 101 102 101 102
Food Inflation 3.30
percent
2.5 2.4 2.6 2.5 2.8
MONEY Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Interest Rate 0.00
percent
0 0 0 0.25 0.75
Money Supply M0 1006.83
EUR Million
1014 1019 1022 1024 1029
Money Supply M1 15464.25
EUR Million
15619 15774 15920 16056 16944
Money Supply M2 19232.30
EUR Million
19419 19587 19744 19896 20993
Money Supply M3 20042.65
EUR Million
20291 20531 20760 20983 22703
Loans to Private Sector 3540.50
EUR Million
3576 3593 3609 3623 3697
TRADE Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Balance of Trade -171900.00
EUR Thousand
-114500 -209500 -196500 -154261 -115300
Exports 215800.00
EUR Thousand
361100 282100 275100 253038 406100
Imports 387800.00
EUR Thousand
475600 491600 471600 497042 521400
Current Account 384810.00
EUR Thousand
360386 395116 395623 413993 388453
Current Account to GDP 12.60
percent
11.5 11 11 11 10
External Debt 89536.60
EUR Million
90071 90215 90387 90563 91915
Capital Flows 565202.00
EUR Thousand
209930 288429 188292 241450 230888
Tourist Arrivals 279009.86
157200 159100 256600 246800 194000
Gold Reserves 0.09
Tonnes
0.09 0.09 0.09 0.09 0.09
Foreign Direct Investment 952.92
EUR Million
977 957 970 978 980
GOVERNMENT Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Government Debt to GDP 50.80
percent
57.2 56.3 56.3 56.3 54.7
Government Budget 3.90
percent of GDP
1.5 0.8 0.8 0.8 0.6
Government Budget Value 6181.00
EUR THO
2055 6393 6120 6009 5669
Government Spending 434950.00
EUR THO
376530 410166 458002 454958 403345
Government Spending to GDP 36.50
percent
36.5 36.5 36.5 36.5 36.5
Government Revenues 384573.78
EUR Thousand
347176 356290 355726 355830 355825
Government Debt 5735.00
EUR Million
5620 5626 5631 5610 5456
Fiscal Expenditure 378393.00
EUR Thousand
348818 349898 349606 349821 350156
Military Expenditure 61.80
USD Million
60.83 60.49 60.15 59.81 59.75
Asylum Applications 160.00
persons
146 146 146 146 146
BUSINESS Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Business Confidence 109.40
Index Points
119 119 118 118 117
Industrial Production -4.80
percent
0.3 0.9 1.2 1.5 2.5
Manufacturing Production 3.00
percent
0.14 0.13 0.2 0.23 0.24
Capacity Utilization 79.10
percent
78.77 81.38 80.06 80.83 80.54
Changes in Inventories 39450.00
EUR THO
8180 16126 17883 12780 10286
Car Registrations 1814.00
1811 2102 2081 1879 1952
Internet Speed 12829.03
KBps
12747 12733 12742 12748 12748
IP Addresses 194646.00
IP
199881 203105 199945 204487 201789
Mining Production 0.20
percent
3.24 2.51 2.66 2.64 2.64
Industrial Production Mom -1.50
percent
-1.06 -0.56 -0.24 -0.07 0.05
Competitiveness Index 68.75
Points
69.25 69.25 69.25 69.25 71.75
Competitiveness Rank 36.00
36 36 36 36 36
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
79.04 79.04 79.04 79.04 80.28
Electricity Production 176.00
Gigawatt-hour
162 175 165 169 168
CONSUMER Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Consumer Confidence 23.80
Index Points
23.3 21.8 21.4 21.1 17
Retail Sales MoM 0.10
percent
1.9 0.1 0.1 0.1 1.6
Retail Sales YoY -0.40
percent
4.2 -0.9 -0.89 -0.89 3.4
Consumer Spending 1159394.00
EUR THO
1231097 1210141 1220842 1212726 1318771
Private Sector Credit 9370.43
EUR Million
9439 9468 9485 9495 9508
Bank Lending Rate 3.69
percent
3.71 3.71 3.71 3.96 4.46
Consumer Credit 5353.90
EUR Million
5471 5555 5640 5724 6474
Gasoline Prices 1.55
USD/Liter
1.53 1.5 1.47 1.44 1.34
HOUSING Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Housing Index 115.05
Index Points
119 116 119 120 123
Home Ownership Rate 81.90
percent
81.26 81.23 81.2 81.17 81.78
TAXES Actual Q4/18 Q1/19 Q2/19 Q3/19 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 18
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 Q4/18 Q1/19 Q2/19 Q3/19 2020
Precipitation 28.77
mm
70.06 53.42 35.9 35.9 38.97
Temperature 14.12
celsius
17.41 12.82 23.44 21.52 18.96



Malta - Economic Forecasts - 2018-2020 Outlook