The economy of Malta shrank 9.9 percent year-on-year in the third quarter of 2020, following a record 16.1 percent contraction in the previous period, as the economy gradually recovers from the coronavirus crisis. Output continued to decline in the services sector (-9.1 percent), construction (-1.6 percent) and agriculture & fishing (-5.6 percent) while industry increased 1.5 percent. source: National Statistics Office, Malta
GDP Annual Growth Rate in Malta averaged 3.44 percent from 2001 until 2020, reaching an all time high of 10.50 percent in the second quarter of 2015 and a record low of -16.10 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 January of 2021.
GDP Annual Growth Rate in Malta is expected to be -5.30 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 7.00 in 12 months time. In the long-term, the Malta GDP Annual Growth Rate is projected to trend around 3.50 percent in 2021 and 3.10 percent in 2022, according to our econometric models.