Malta GDP Annual Growth Rate  2001-2017 | Data | Chart | Calendar

The Maltese economy advanced 6.4 percent year-on-year in the second quarter of 2017, following an upwardly revised 6.2 percent growth in the the previous period. It is the strongest expansion of gross domestic product since the first quarter of 2016, mainly driven by household expenditure which rose 5.1 percent, after a 3.8 percent increase in the previous period. Meanwhile, fixed investment slumped (-27.4 percent from 3.8 percent) and government spending contracted further (-9.9 percent from -3.7 percent) . Exports increased 5 percent (from a meager 0.2 percent rise in Q1) while imports declined at a faster pace (-6.5 percent from -1.6 percent in Q1). GDP Annual Growth Rate in Malta averaged 3.02 percent from 2001 until 2017, reaching an all time high of 10.40 percent in the fourth quarter of 2014 and a record low of -3.70 percent in the second quarter of 2009.

Malta GDP Annual Growth Rate
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Calendar GMT Actual Previous Consensus TEForecast
2017-03-08 10:00 AM GDP Growth Rate YoY 5.1% 4.5% 3.8%
2017-06-08 09:00 AM GDP Growth Rate YoY 4.2% 4.9% 4.4%
2017-09-06 09:00 AM GDP Growth Rate YoY 6.4% 6.2% 4.2%
2017-12-07 10:00 AM GDP Growth Rate YoY 6.4% 6.6%

Malta GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.20 1.80 4.60 -3.00 percent [+]
GDP Annual Growth Rate 6.40 6.20 10.40 -3.70 percent [+]
GDP 10.95 10.29 11.19 0.25 USD Billion [+]
GDP Constant Prices 2246812.00 2133391.00 2359217.00 1181627.00 EUR THO [+]
Gross National Product 2474337.60 2265033.89 2474337.60 894723.89 EUR THO [+]
Gross Fixed Capital Formation 393688.00 464609.00 547449.00 155934.00 EUR THO [+]
GDP per capita 26577.45 25599.08 26577.45 3742.81 USD [+]
GDP per capita PPP 35694.04 34380.06 35694.04 16151.69 USD [+]

Malta GDP Annual Growth Rate

Malta's main economic sectors are tourism, high value added manufacturing, life sciences and pharmaceuticals, ICT, financial services, education and training, creative arts, aviation, maritime. Malta's financial services industry has grown in recent years and it has avoided contagion from the European financial crisis, largely because its debt is mostly held domestically and its banks have low exposure to the sovereign debt of peripheral European countries. 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. This page provides - Malta GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Malta GDP Annual Growth Rate - actual data, historical chart and calendar of releases - was last updated on September of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
6.40 6.20 10.40 -3.70 2001 - 2017 percent Quarterly

gdp annual growth rate by Country

China 6.90 Jun/17
India 5.70 Jun/17
Turkey 5.10 Jun/17
Indonesia 5.01 Jun/17
Canada 3.70 Jun/17
Netherlands 3.30 Jun/17
Spain 3.10 Jun/17
South Korea 2.70 Jun/17
Russia 2.50 Jun/17
Euro Area 2.30 Jun/17
United States 2.20 Jun/17
Germany 2.10 Jun/17
Australia 1.80 Jun/17
France 1.80 Jun/17
Mexico 1.80 Jun/17
United Kingdom 1.70 Jun/17
Italy 1.50 Jun/17
Japan 1.40 Jun/17
Brazil 0.30 Jun/17
Switzerland 0.30 Jun/17