Markets Actual Q1 Q2 Q3 Q4 2020
Currency 1.14 1.13 1.13 1.12 1.12 1.1
Stock Market (points) 4381.43 4488 4462 4436 4411 4359
Overview Actual Q1 Q2 Q3 Q4 2020
GDP Growth Rate (%) 3.60 0.8 0.6 0.7 0.6 0.5
GDP Annual Growth Rate (%) 7.50 4.8 5.3 4.6 3.8 3.2
Unemployment Rate (%) 3.70 4.1 4.2 4.3 4.4 4.5
Inflation Rate (%) 1.20 2 2.2 2.1 2.2 2.4
Inflation Rate Mom (%) -0.20 0.5 0.9 0.1 0.2 0.4
Interest Rate (%) 0.00 0 0 0.25 0.25 0.75
Balance of Trade (EUR Thousand) -191700.00 -209500 -196500 -154261 -154261 -110300
Current Account to GDP (%) 10.40 11 11 11 11 10.5
Government Debt to GDP (%) 50.80 56.3 56.3 56.3 56.3 54.7
Government Budget (% of GDP) 3.90 0.8 0.8 0.8 0.8 0.6
Business Confidence (Index Points) 113.80 119 118 118 118 117
Consumer Confidence (Index Points) 19.80 21.8 21.4 21.1 21 17
Retail Sales MoM (%) 0.00 0.1 0.1 0.1 1.8 1.6
Corporate Tax Rate (%) 35.00 35 35 35 35 35
Personal Income Tax Rate (%) 35.00 35 35 35 35 35
GDP Actual Q1 Q2 Q3 Q4 2020
GDP Growth Rate (%) 3.60 0.8 0.6 0.7 0.6 0.5
GDP Annual Growth Rate (%) 7.50 4.8 5.3 4.6 3.8 3.2
GDP (USD Billion) 12.54 14 14 14 14 15.3
GDP Constant Prices (EUR THO) 2841842.00 2452464 2619426 2971146 2949832 3044227
Gross National Product (EUR THO) 2968973.20 2801786 2967643 3104061 3081794 3180412
Gross Fixed Capital Formation (EUR THO) 441988.00 418052 468475 462098 458784 473465
GDP per capita (USD) 27145.81 29660 29660 29660 29660 30540
GDP per capita PPP (USD) 36513.32 38000 38000 38000 38000 38900
Labour Actual Q1 Q2 Q3 Q4 2020
Unemployment Rate (%) 3.70 4.1 4.2 4.3 4.4 4.5
Wages (EUR/Year) 19076.43 19300 19503 19593 19200 19400
Minimum Wages (EUR/Month) 747.54 760 760 760 760 772
Population (Million) 0.48 0.5 0.5 0.5 0.5 0.52
Retirement Age Women 62.00 63 62 62 63 63
Retirement Age Men 62.00 63 62 62 63 63
Prices Actual Q1 Q2 Q3 Q4 2020
Inflation Rate (%) 1.20 2 2.2 2.1 2.2 2.4
Inflation Rate Mom (%) -0.20 0.5 0.9 0.1 0.2 0.4
Consumer Price Index CPI (Index Points) 102.22 102 103 104 104 107
Harmonised Consumer Prices (Index Points) 102.13 103 109 109 105 107
Producer Prices (Index Points) 94.12 111 112 111 97.41 99.56
Producer Prices Change (%) 4.00 4.5 4.1 3.8 3.5 2.2
Food Inflation (%) 3.60 2.4 2.6 2.5 2.6 2.8
Money Actual Q1 Q2 Q3 Q4 2020
Interest Rate (%) 0.00 0 0 0.25 0.25 0.75
Trade Actual Q1 Q2 Q3 Q4 2020
Balance of Trade (EUR Thousand) -191700.00 -209500 -196500 -154261 -154261 -110300
Current Account to GDP (%) 10.40 11 11 11 11 10.5
Imports (EUR Thousand) 438500.00 491600 471600 497042 498400 521400
Exports (EUR Thousand) 246800.00 282100 275100 253038 388100 406100
Government Actual Q1 Q2 Q3 Q4 2020
Government Debt to GDP (%) 50.80 56.3 56.3 56.3 56.3 54.7
Government Budget (% of GDP) 3.90 0.8 0.8 0.8 0.8 0.6
Government Budget Value (EUR THO) -10960.00 -1084 -2951 -2196 -2143 -2093
Government Spending (EUR THO) 403635.00 408706 452739 422202 418973 432380
Government Spending to GDP (%) 36.50 36.5 36.5 36.5 36.5 36.5
Taxes Actual Q1 Q2 Q3 Q4 2020
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 Q1 Q2 Q3 Q4 2020
Business Confidence (Index Points) 113.80 119 118 118 118 117
Industrial Production (%) 1.90 0.9 1.2 1.5 1.8 2.5
Consumer Actual Q1 Q2 Q3 Q4 2020
Consumer Confidence (Index Points) 19.80 21.8 21.4 21.1 21 17
Retail Sales MoM (%) 0.00 0.1 0.1 0.1 1.8 1.6
Retail Sales YoY (%) -1.30 -0.9 -0.89 -0.89 3.8 3.4
Consumer Spending (EUR THO) 1263165.00 1242991 1263578 1320639 1311165 1353123
Bank Lending Rate (%) 3.62 3.63 3.63 3.68 3.73 3.73
Gasoline Prices (USD/Liter) 1.56 1.47 1.44 1.4 1.37 1.37


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.