The Gross Domestic Product (GDP) in Malta contracted 0.50 percent in the second quarter of 2021 over the previous quarter. source: EUROSTAT

GDP Growth Rate in Malta averaged 0.92 percent from 2000 until 2021, reaching an all time high of 6.70 percent in the third quarter of 2020 and a record low of -13.60 percent in the second quarter of 2020. This page provides - Malta GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Malta GDP Growth Rate - values, historical data and charts - was last updated on October of 2021.

GDP Growth Rate in Malta is expected to be 2.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Malta GDP Growth Rate is projected to trend around 0.80 percent in 2022 and 1.00 percent in 2023, according to our econometric models.

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Malta GDP Growth Rate


Related Last Previous Unit Reference
GDP Growth Rate -0.50 1.90 percent Jun/21
Malta GDP Growth Rate
Malta's economy is dependent on foreign trade (serving as a freight trans-shipment point), manufacturing of electronics and textiles, tourism and financial services as it offers low-cost environment and an advantageous tax regime. On the expenditure side, household consumption is the main component of GDP and accounts for 55 percent of its total use, followed by government expenditure (20 percent) and gross fixed capital formation (19 percent). Exports of goods and services account for 149 percent while imports account for 143 percent, adding 6 percent of total GDP.