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 Q2/17 Q3/17 Q4/17 Q1/18 2020
GDP Growth Rate -7.70 -4.2 -2.6 -0.2 0.5 0.5 percent [+]
Unemployment Rate 4.20 4.4 4.2 4 4 4.5 percent [+]
Inflation Rate 1.10 0.9 1 1.2 1.4 2.4 percent [+]
Interest Rate 0.00 0 0 0 0 0.5 percent [+]
Balance of Trade -286547.00 -237490 -231702 -228979 -227626 -226854 EUR Thousand [+]
Government Debt to GDP 58.30 57.3 57.3 57.3 57.2 54.7 percent [+]
MARKETS Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Currency 1.14 1.1 1.09 1.08 1.07 0.89 [+]
Stock Market 4682.70 4610 4560 4420 4470 3720 points [+]
GDP Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
GDP Growth Rate -7.70 -4.2 -2.6 -0.2 0.5 0.5 percent [+]
GDP Annual Growth Rate 4.20 4.2 4 3.8 3.7 3.4 percent [+]
GDP 9.75 11.97 10.17 12.39 10.2 15.35 USD Billion [+]
GDP Constant Prices 2091478.00 2199251 2424919 2339936 2160417 2477543 EUR THO [+]
Gross National Product 2265033.89 2360294 2503157 2489896 2414928 2824814 EUR THO [+]
Gross Fixed Capital Formation 455626.00 456666 451377 449591 446993 437657 EUR THO [+]
GDP per capita 24320.90 24441 24713 24985 25166 27650 USD [+]
GDP per capita PPP 32719.95 32934 33269 33604 33863 37471 USD [+]
LABOUR Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Unemployment Rate 4.20 4.4 4.2 4 4 4.5 percent [+]
Employed Persons 184180.00 188030 189855 191666 193463 212359 [+]
Unemployed Persons 2577.00 2571 2576 2576 2577 2577 [+]
Long Term Unemployment Rate 1.70 1.98 1.76 1.87 1.75 1.82 percent [+]
Youth Unemployment Rate 13.50 13.14 13.21 13.19 13.19 13.19 percent [+]
Labour Costs 117.06 113 103 107 117 107 Index Points [+]
Wages 17666.35 17837 17946 18210 18381 19905 EUR/Year [+]
Minimum Wages 735.63 736 736 736 1135 1535 EUR/Month [+]
Population 0.43 0.43 0.43 0.43 0.44 0.45 Million [+]
Retirement Age Women 62.00 62 62 62 62 62 [+]
Retirement Age Men 62.00 62 62 62 62 62 [+]
Full Time Employment 163.60 166 168 169 170 183 Thousand [+]
Employment Change 1.70 1.01 1.48 1.37 1.15 1.17 percent [+]
Employment Rate 66.10 67.06 67.74 67.77 67.91 71.89 percent [+]
Labor Force Participation Rate 54.90 55.01 55.02 55.02 55.02 55.02 percent [+]
Part Time Employment 26.20 26.95 26.92 26.36 26.09 26.53 Thousand [+]
Productivity 105.70 109 110 110 110 110 Index Points [+]
PRICES Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Inflation Rate 1.10 0.9 1 1.2 1.4 2.4 percent [+]
Inflation Rate Mom 1.00 0.98 -0.42 0.29 0.25 0.17 percent [+]
Consumer Price Index CPI 99.93 99.65 99.62 99.64 99.63 99.63 Index Points [+]
Harmonised Consumer Prices 103.39 104 103 101 101 102 Index Points [+]
GDP Deflator 83.92 85.15 89.74 87.92 82.41 83.45 Index Points [+]
Producer Prices 95.13 98 100 102 104 119 Index Points [+]
Food Inflation 1.90 2.03 2.08 2.09 2.09 2.09 percent [+]
Producer Prices Change 0.65 1 1.4 1.7 2 2.2 percent [+]
MONEY Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Interest Rate 0.00 0 0 0 0 0.5 percent [+]
Money Supply M0 941.36 942 944 946 948 950 EUR Million [+]
Money Supply M1 14104.33 14423 14910 15383 15848 20476 EUR Million [+]
Money Supply M2 18315.40 18666 19149 19636 20115 24816 EUR Million [+]
Money Supply M3 18343.29 18665 19128 19596 20058 24741 EUR Million [+]
Loans to Private Sector 3400.79 3401 3387 3376 3365 3297 EUR Million [+]
TRADE Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Balance of Trade -286547.00 -237490 -231702 -228979 -227626 -226854 EUR Thousand [+]
Exports 220330.00 248621 250018 249798 249807 249807 EUR Thousand [+]
Imports 506877.00 497395 495217 494191 494079 494056 EUR Thousand [+]
Current Account 56944.00 34163 272665 240523 92099 198204 EUR Thousand [+]
Current Account to GDP 7.90 4 4 4 3.7 3.2 percent [+]
External Debt 86984.10 86330 85909 85726 85534 83657 EUR Million [+]
Capital Flows 474872.00 395406 461021 427459 408293 410632 EUR Thousand [+]
Tourist Arrivals 202697.64 239449 169586 109373 172678 159477 [+]
Gold Reserves 0.09 0.09 0.09 0.09 0.09 0.09 Tonnes [+]
Foreign Direct Investment 815.90 757 678 734 759 752 EUR Million [+]
GOVERNMENT Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Government Debt to GDP 58.30 57.3 57.3 57.3 57.2 54.7 percent [+]
Government Budget 1.00 1.2 1.2 1.2 1.5 0.6 percent of GDP [+]
Government Budget Value 34051.00 -9515 -7374 -6802 -6729 -6726 EUR THO [+]
Government Spending 394536.00 395195 364544 367958 382864 376844 EUR THO [+]
Government Spending to GDP 38.10 40.96 40.87 40.77 40.68 41.23 percent [+]
Government Revenues 347552.29 311600 307482 307614 307598 307602 EUR Thousand [+]
Government Debt 5766.50 5922 5913 5900 5950 6127 EUR Million [+]
Fiscal Expenditure 313501.00 302377 303579 305901 306227 306176 EUR Thousand [+]
Asylum Applications 105.00 146 149 148 148 148 persons [+]
Military Expenditure 56.80 52.74 53.7 54.67 54.26 52.61 USD Million [+]
BUSINESS Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Business Confidence 113.20 113 113 113 113 113 [+]
Industrial Production 3.60 0.2 0.91 0.6 0.62 2.5 percent [+]
Manufacturing Production 4.50 4.85 4.92 4.93 4.93 4.93 percent [+]
Capacity Utilization 79.10 79.72 79.36 79.2 79.3 79.26 percent [+]
Changes in Inventories 36772.00 223 -2058 -3668 11260 2525 EUR THO [+]
Car Registrations 2148.00 1969 1754 1817 2013 1893 Cars [+]
Competitiveness Index 4.52 4.4 4.4 4.4 4.49 4.49 Points [+]
Competitiveness Rank 40.00 48 48 48 39 39 [+]
Corruption Index 55.00 56 55 55 55 55 Points [+]
Corruption Rank 47.00 42 43 45 45 45 [+]
Ease Of Doing Business 76.00 78.33 78.33 78.33 78.33 78.33 [+]
Electricity Production 91.00 94.23 81.71 87.08 84.65 85.47 Gigawatt-hour [+]
Industrial Production Mom 2.80 -1.4 -0.43 -0.08 0.03 0.04 percent [+]
Mining Production -14.60 -15.2 -15.81 -15.86 -15.87 -15.88 percent [+]
CONSUMER Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Consumer Confidence 3.00 3.06 3.14 3.18 3.2 3.22 [+]
Retail Sales MoM 0.40 -0.6 0.1 1.7 0.09 1.6 percent [+]
Retail Sales YoY 4.20 2.8 1.94 4.5 1.15 3.4 percent [+]
Consumer Spending 1111737.00 1109187 1161184 1172529 1125738 1173652 EUR THO [+]
Private Sector Credit 8835.46 8888 8951 9013 9075 9675 EUR Million [+]
Bank Lending Rate 3.85 3.86 3.87 3.87 3.87 3.87 percent [+]
Consumer Credit 4891.50 4937 5005 5072 5140 5879 EUR Million [+]
Gasoline Prices 1.47 1.47 1.48 1.5 1.51 1.55 USD/Liter [+]
HOUSING Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Housing Index 126.15 128 130 132 133 144 Index Points [+]
Home Ownership Rate 80.80 81.17 81.83 82.49 82.26 82.05 percent [+]
TAXES Actual Q2/17 Q3/17 Q4/17 Q1/18 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 18 18 18 18 18 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 [+]