Malta's economy advanced 7.5 percent year-on-year in the third quarter of 2018, quickening from an upwardly revised 6.2 percent growth in the previous period. It is the strongest expansion since the third quarter of 2017. Household consumption remained strong (8.4 percent vs 9.1 percent in Q2) and net trade contributed positively to growth, as exports advanced faster (2.6 percent vs 0.3 percent) while imports rose less (1.2 percent vs 4.3 percent). Meanwhile, government spending (1.9 percent vs 10.2 percent) and fixed investment (0.6 percent vs 12.6 percent) increased at a much slower pace. GDP Annual Growth Rate in Malta averaged 3.70 percent from 2001 until 2018, reaching an all time high of 11.20 percent in the first quarter of 2015 and a record low of -3.70 percent in the second quarter of 2009.
GDP Annual Growth Rate in Malta is expected to be 6.40 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Annual Growth Rate in Malta to stand at 4.60 in 12 months time. In the long-term, the Malta GDP Annual Growth Rate is projected to trend around 3.20 percent in 2020, according to our econometric models.