The economy of Malta advanced by 7.6% year-on-year in the first quarter of 2022, slowing from an upwardly revised 11.8% rise in the previous quarter. Still, it marks the fifth consecutive quarter of economic expansion and at a robust pace, driven by household consumption (9.7% vs 8.6% in Q4) and fixed investment (6.3% vs 25.3%)). Meanwhile, government spending declined (-3% vs 5.3%). Net external demand contributed positively to growth as exports (9.2% vs 9.3% in Q4) rose faster than imports (7.9% vs 8.9% in Q4). source: National Statistics Office, Malta

GDP Annual Growth Rate in Malta averaged 3.76 percent from 2001 until 2022, reaching an all time high of 16.10 percent in the second quarter of 2021 and a record low of -15 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 August of 2022.

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. In the long-term, the Malta GDP Annual Growth Rate is projected to trend around 5.30 percent in 2023 and 3.80 percent in 2024, according to our econometric models.

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Malta GDP Annual Growth Rate



Calendar GMT Actual Previous Consensus TEForecast
2022-03-01 10:00 AM Q4 10% 12.7% 10.5%
2022-06-03 09:00 AM Q1 7.6% 11.8%
2022-08-26 11:30 AM Q2 7.6% 6.4%


Related Last Previous Unit Reference
GDP Annual Growth Rate 7.60 11.80 percent Mar 2022
GDP Constant Prices 3304311.00 3391753.00 EUR THO Mar 2022
Gross National Product 3492772.91 3595626.78 EUR THO Mar 2022
Gross Fixed Capital Formation 660158.00 776534.00 EUR THO Mar 2022

Malta GDP Annual 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.
Actual Previous Highest Lowest Dates Unit Frequency
7.60 11.80 16.40 -15.00 2001 - 2022 percent Quarterly
NSA

News Stream
Malta GDP Expands for 5th Straight Quarter
The economy of Malta advanced by 7.6% year-on-year in the first quarter of 2022, slowing from an upwardly revised 11.8% rise in the previous quarter. Still, it marks the fifth consecutive quarter of economic expansion and at a robust pace, driven by household consumption (9.7% vs 8.6% in Q4) and fixed investment (6.3% vs 25.3%)). Meanwhile, government spending declined (-3% vs 5.3%). Net external demand contributed positively to growth as exports (9.2% vs 9.3% in Q4) rose faster than imports (7.9% vs 8.9% in Q4).
2022-06-03
Malta Economic Recovery Continues
The economy of Malta grew 10% year-on-year in the fourth quarter of 2021, following an upwardly revised 12.7% rise in the previous quarter. Still, it was the third consecutive quarter of economic expansion, driven by fixed investment (30.2% vs 26.9% in Q3) and household consumption (8.4% vs 7.3%). Meanwhile, government spending decreased (-0.6% vs 6.5%). Net external demand contributed negatively to growth as imports (10.3% vs 11.3% in Q3) rose faster than exports (9.6% vs 12% in Q3). Considering the full year of 2021, the Maltese economy advanced by 9.4%, following an 8.3% contraction registered a year earlier as a result of the pandemic.
2022-03-01
Malta GDP Expands at Softer 9.7% in Q3
The economy of Malta grew 9.7% year-on-year in the third quarter of 2021, down from an upwardly revised 14.9% growth in the previous quarter which was the highest expansion in 20 years. Growth slowed for mining & quarrying (2.2% vs 15.6% in Q2), construction (4.8% vs 5.1%), information & communication (13.2% vs 15.2%), real estate activities (7.5% vs 13.8%), financial & insurance activities (4.3% vs 11.8%) while it was faster for wholesale & retail trade sector (42.9% vs 29.7%). Meanwhile, the output declined for agriculture, forestry & finishing (-11.3% vs 5.3%) and arts, entertainment & recreation (-0.9% vs 18.2%).
2021-12-07