The economy of Malta expanded 13.4% year-on-year in the second quarter of 2021, after a downwardly revised 1.3% fall in output in the previous three-month period. It was the highest expansion recorded since at least 2001, after a record 14.7% slump last year due to the coronavirus crisis. Most sectors showed big increases: wholesale & retail trade (25.5%), recreation & culture (19.2%), mining & quarrying (14.5%), sewerage, waste management & remediation activities (13.0%), financial & insurance activities (11.6%), real estate activities (10.8%), information & communication (9.8%), public administration (8.9%), agriculture & fishing (8.4%) and construction (2.3%). On the other hand, public administration & defence shrank 1.1 percent. source: National Statistics Office, Malta
GDP Annual Growth Rate in Malta averaged 3.44 percent from 2001 until 2021, reaching an all time high of 13.40 percent in the second quarter of 2021 and a record low of -14.70 percent in the second quarter of 2020. This page provides - Malta GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Malta GDP Annual Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on December of 2021.
GDP Annual Growth Rate in Malta is expected to be 11.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Malta GDP Annual Growth Rate is projected to trend around 3.10 percent in 2022, according to our econometric models.